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RE: Quick BTC update 31.07.2021

in #btc3 years ago

My main bearish count is still valid until $48800. It could still be a B wave fakeout, but the chances have decreased significantly, bacuse of the reasons above.
I am still watching 7 different counts. 3 bearish, 4 immediately bullish.
Chances that the cycle low is 29200 are 70% now.

The market is always right. It is important to have a bias based on probabilities, but you need to be able to change the bias when the market gives you clear hints. You can never have a fixed opinion, because the market always takes the path of maximum pain (for the maximum amount of participants).
Bears are fucked right now.