Something that came up to me yesterday night, but I vividly remember everyone on CT being like "we gonna sell at 120k-122k #BTC" when price was 108k and price went to 123k and *crickets*
Lesson in here is if you have a plan, trade the plan there and not get overhyped/euphoric.
Now people who haven't yet sold are debating if it's worth selling at 117k or not, but because you saw the uPnL number, most of them are hesistant and they aren't willing to sell coz they "lost money" on their position, so they are bagholding and even adding more to their positions because they crave to have the same uPnL value.
Since the market was turbo up with plenty of inefficiencies ever since 108k and no backfill on those candles, it's extremely likely that if we do lose 117k, and esp the 1h pivot around 115.5k, there is literally open air until 110k and i'm willing to bet good money there are plenty of stops right below the 4h pin at 110,600
in hindsight, i also need to get off my ass and start looking at the market more because there are setups on things that i would have taken if i had spent time on it.
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