Good morning peoples,
One of the mods didn't like my btc update post from last night, and took it down. Still not entirely sure why, he's never even responded to me.
----
anyways,
Btc is currently in a daily squeeze, and it's pushing through every technical level I had envisioned for it. This is common during corrective phases, as the market works it's way up to the level it wants to reach before breaking.
If this does play out, I'm looking for around 52.5~53.5k as my next area for a short attempt. This area has a massive vortex of confluence, and if it's going to reject anywhere, it's going to have to be from there.
👇
Pushing through this area & holding + consolidating up there for a few days could signify that the bottom is indeed in, and we have completed our primary wave 4 correction through a running flat.
👇
If we do have one more leg down to go, I'm looking for anywhere between 37~34k as the local bottom for our expanded flat target.
👇
no confirmation = no positions for me. patiently waiting from here.
One of the mods didn't like my btc update post from last night, and took it down. Still not entirely sure why, he's never even responded to me.
----
anyways,
Btc is currently in a daily squeeze, and it's pushing through every technical level I had envisioned for it. This is common during corrective phases, as the market works it's way up to the level it wants to reach before breaking.
If this does play out, I'm looking for around 52.5~53.5k as my next area for a short attempt. This area has a massive vortex of confluence, and if it's going to reject anywhere, it's going to have to be from there.
👇
Pushing through this area & holding + consolidating up there for a few days could signify that the bottom is indeed in, and we have completed our primary wave 4 correction through a running flat.
👇
If we do have one more leg down to go, I'm looking for anywhere between 37~34k as the local bottom for our expanded flat target.
👇
no confirmation = no positions for me. patiently waiting from here.
Note
cme gap was filled, which caused this little reaction to the downside - personally, i think it's a trap for the bears. something tells me we're going to hang out up here for 7 more days, and on the night of 12-14, she breaks.Note
theorized trajectoryNote
linear mode: taking a lil short here, stop above the intersection
Note
moved stop to breakeven.Note
The red flashes on my chart are 4H algorithmic sell signalsThe last 4 times we saw it flash, well you can see for yourself what followed after.
This evening we have confirmed the fifth 4h algo sell. Be careful with longs going forward, and expect what is to come
Note
this doesn't mean it can't go higher, nor does it mean to short right here right nowwhile we are in a daily squeeze, we can remain in this state for days before it fires off. this is more of a heads up to be prepared.
stop losses are key in this market, especially when trading leverage; make them a part of your life if you haven't already.
💰
Note
if you took that morning short, nows the time to cover it ;)
i only share a tiny fragment of my ideas on this platform. to view my daily work, join the lunar syndicate 9 👇
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
i only share a tiny fragment of my ideas on this platform. to view my daily work, join the lunar syndicate 9 👇
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.