$BTC
PAAAAAAAAANNNNIIIIIICCCCCCCC
Honestly, I think we all had enough of people losing their shit because someone has the sniffles, so let's not do it because $BTC sneezed
Nothing to panic about, just react to the new information
1/
PAAAAAAAAANNNNIIIIIICCCCCCCC
Honestly, I think we all had enough of people losing their shit because someone has the sniffles, so let's not do it because $BTC sneezed
Nothing to panic about, just react to the new information
1/
Later on I'll look into the volume and order flow but it seems to me from first glance that $BTC was finally helped over the edge by a rapid shitting of itself (relatively speaking) of the SPX
(blue arrow shows the same time on both charts)
2/
(blue arrow shows the same time on both charts)
2/
For local intraday plays (that depending how they play out could turn into larger trades) I'd look for something like this
3/
3/
If we get a move to the upside then a bearish retest in this region makes a lot of sense
Would be great to see a lot of longs opening up into that .618/golden pocket/retest of prior BIG support
Likely to give a really nice short entry
4/
Would be great to see a lot of longs opening up into that .618/golden pocket/retest of prior BIG support
Likely to give a really nice short entry
4/
If we come to test the lows of the wick it's likely that everyone and their mama is going to be either:
1 - wanting to short the breakdown (i.e. the people who pay my bills)
2 - long a reclaim after a SFP
The R:R is so great here that I'd rather see a change in MS 1st
5/
1 - wanting to short the breakdown (i.e. the people who pay my bills)
2 - long a reclaim after a SFP
The R:R is so great here that I'd rather see a change in MS 1st
5/
Of course, we don't have to reverse at all, could just lose the low and keep on going down
"Why not short it here then?"
I might (see Tweet 3) but not a for a big swing trade at this point because that low is so key
Sometimes you just need more info first
6/
"Why not short it here then?"
I might (see Tweet 3) but not a for a big swing trade at this point because that low is so key
Sometimes you just need more info first
6/
I think (could be wrong) that @Pentosh1 was the one who said (I'm paraphrasing):
$BTC can be expensive at 40K but cheap at 50K
It all depends on the context *IF YOU'RE A TRADER*
This is where "traders" and "investors" who confuse what they are get ripped apart mentally
7/end
$BTC can be expensive at 40K but cheap at 50K
It all depends on the context *IF YOU'RE A TRADER*
This is where "traders" and "investors" who confuse what they are get ripped apart mentally
7/end
@Pentosh1 I'm going to add -
We don't have to do any of these things at all
I present bullish and bearish setups and set alerts for my levels and trade what comes
If you want certainty, you're in the wrong place
Go watch moon phases or the RSI or some other horseshit
We don't have to do any of these things at all
I present bullish and bearish setups and set alerts for my levels and trade what comes
If you want certainty, you're in the wrong place
Go watch moon phases or the RSI or some other horseshit
Hit my TP1 on this one
If we reclaim the VWAP and Weekly S/R I'll cut it
Otherwise down to the lows
If we reclaim the VWAP and Weekly S/R I'll cut it
Otherwise down to the lows
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