$BTC is in absolute freefall right now, and the blood is running thick in the streets. The panic is palpable, but my discipline is colder than ice. I told you this was coming in my previous posts, and now the market is proving my bearish thesis right
This is exactly where fortunes are made on the short side, but also where stubborn bulls get obliterated. I am playing this with surgical precision.
Look at this 4-hour chart. We have been in a relentless, parabolic downtrend, nuking straight from the 72,000 level down to 64,471. The bounce attempts have been pathetic and immediately sold of
momentum is entirely in the bears' hands, and the MACD histogram is expanding aggressively to the downside. This is heavy, structural capitulation, and there is no reason to try and catch this knife.
Here is my strict risk management and execution plan:
I am not going to FOMO and short the absolute bottom of this vertical red candle. That is a rookie mistake and I will get chopped up on a relief bounce
I am waiting for the market to give me a dead cat bounce to short into.
My Entry Strategy: I am watching the previous support turned resistance around the 68,314 level. If price bounces into this zone and sellers step in with heavy volume to reject it, I will open my short
I am waiting for a clear lower high to confirm the trend is still intact.
My Stop Loss: I have set a strict stop loss above the 70,000 psychological level. This is my line in the sand. If the price reclaims this level with conviction, it means the bearish momentum is exhausted, and I exit immediately without arguing with the market.
My Risk Management: I am sizing my position carefully. I am risking a maximum of 1-2% of my capital on this trade because volatility cuts both ways and short squeezes can be violent
I respect the dump, but I respect my capital more. The market is bleeding, the trend is undeniably down, and I am locked in, waiting for the perfect entry to press the short
#BitcoinActiveSupplyInProfitDropsBelow45%
This is exactly where fortunes are made on the short side, but also where stubborn bulls get obliterated. I am playing this with surgical precision.
Look at this 4-hour chart. We have been in a relentless, parabolic downtrend, nuking straight from the 72,000 level down to 64,471. The bounce attempts have been pathetic and immediately sold of
momentum is entirely in the bears' hands, and the MACD histogram is expanding aggressively to the downside. This is heavy, structural capitulation, and there is no reason to try and catch this knife.
Here is my strict risk management and execution plan:
I am not going to FOMO and short the absolute bottom of this vertical red candle. That is a rookie mistake and I will get chopped up on a relief bounce
I am waiting for the market to give me a dead cat bounce to short into.
My Entry Strategy: I am watching the previous support turned resistance around the 68,314 level. If price bounces into this zone and sellers step in with heavy volume to reject it, I will open my short
I am waiting for a clear lower high to confirm the trend is still intact.
My Stop Loss: I have set a strict stop loss above the 70,000 psychological level. This is my line in the sand. If the price reclaims this level with conviction, it means the bearish momentum is exhausted, and I exit immediately without arguing with the market.
My Risk Management: I am sizing my position carefully. I am risking a maximum of 1-2% of my capital on this trade because volatility cuts both ways and short squeezes can be violent
I respect the dump, but I respect my capital more. The market is bleeding, the trend is undeniably down, and I am locked in, waiting for the perfect entry to press the short
#BitcoinActiveSupplyInProfitDropsBelow45%
