Its absolutely positively clear that there is overwhelming bullish sentiment around BTC right now. With all the drama in the financial sector and the huge distrust towards the banking system, people have every need to be gunning for a huge run in BTC.
I love BTC and think its fucking magical but I wont let that hope of global adoption put me in a position where i start looking at the chart with a bias. people never change, price action never changes. We could take Elon Musk and one of our ancestors from thousands of years ago and put them both into a cage with a huge tiger: they will be shit their cloth.
on another note, Moving Averages are Amazing. you can associate moving averages and apply them to absolutely anything. Walk to the kitchen and we could measure your average steps and time over the week. The beautiful thing about averages is that everything returns to them. The average is always something that is being crossed. BTC will absolutely return to the 100MA, like is always does. Don't follow the crowd.
if its not obviously, I'll be Scaling into short position between 28.500 - 30.500.
Don''t oversize like a bumberclut and take it easy. Happy trading you savages