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Longer term outlook is definitely bullish, but it still remains to be seen until it breaks out above 2100. I say tread carefully until then. Should Powell decide to lower interest rate, this thing can swoon on a dime. Monthly

My gawd, are you that obtuse? I read Padu's remark as a simple sarcasm, like "WTF? Why you being so retarded?" (Oh, can't leave out my favorite :rolleyes::rolleyes::rolleyes:)

Thanks, and happy thanksgiving to you (and y'all) as well! :)

There are better plays elsewhere for me. ES and USD/JPY, for example, yielded very good results for me this week. I literally smashed USD/JPY. Anyway, I just don't get the same vibe with BTC. But don't worry, I'll be back. :)

Okay, whatever. I ain't a fan of EW anyway. :D

I, for one, believe gut feeling (aka intuition) is very important, especially when something doesn't look right.

I guess you don't know who this dude is. Frankly, I didn't either until recently. :) Watch to the end, and you'll see what I'm talking about.

I think this is an exception, not the rule. The tide has finally reversed and those traders who were trapped basically panicked. Same with the short squeeze that we're going through now.

It means "Don't be a friggin' hero!"

My thoughts on why Altman got axed is because he was sleeping with Microsoft. Which leads me to believe Google (or possibly Meta or Amazon or Apple -- or all of them) could be behind this.

Wishing our resident "chart king" a festive Thanksgiving with a mouth watering treat of cow testies. Yummmm! :D

For one, a squeeze (as in short squeeze) don't often happen at the top, which is where we're basically at (yeah, all the shorts are dead for sure). Second, squeezes are usually orchestrated with a follow through in mind. Or so I'm led to think. But we're closed tomorrow, so I highly doubt it...

Always succint and to the point. Love it! :D

It's the Thanksgiving eve. Don't expect too much.

Repeat after me: I will not chase the market. I will wait until it comes to me. I will never be the first one to jump in. I will wait for the second opportunities. I will always respect the line in the sand.

Closed all my position just above 37200. I suppose this is what happens when you get too greedy. Anyway, I'm taking some time off from BTC. I don't like her vibe.

Thanks for the hindsight comment, but I've already done quite well. :)

It must be pretty good. Otherwise, I wouldn't have used it for this long.

CYCLE DAY 1 In this example the Decline started on Cycle Day 3 (CD3) and continued into Cycle Day 1 (CD1). Remember, the main task of CD1 trade action is to “probe for a new secure low” from which to begin a new cycle rally. It is also highly probable that “Smart Money” had previously...

No, I didn't cover. I doubled down when it went back up to 37.5K earlier in the day. For now, I'm looking to cover at 33.5K or lower.