It reached the Fibonacci Golden Pocket, is oversold and at key resistance. The MACD is at high levels, where it generally reverses. It has already swept an important liquidity zone; everything points to it needing to drop to around 83,000 before looking for another long ๐ค โฆ
I think the rise will continue, seeking the liquidity at 87,500โ89,000, which looks heavily loaded ๐ง
Can you imagine a black swan? โ ๏ธ With the way things are going worldwide, I wouldnโt be surprised if something similar happened and everything crashed this month and next, OctโNov.โฆ
Time will tell, but honestly, I donโt see BTC reaching 100k this year. Given how things are shaping up, Iโm starting to think it could drop below 73k again without a problem. Be careful with excessive leverage when going long. Keep a cool head and donโt trade based on emotions just because you saw a YouTube video saying itโs going to 100kโฆ
I'll be patient with BTC. If it rises to 87,500, I'll start building a short position; if it drops below 77,000, I'll start building a long position. I'll use 4x leverage so I can sleep like a baby ๐ถ and start with 15% of my capital.
As the price moves against me, either up or down, I'll average in. I assure you that sooner or later, we'll win this round with good profits.
When entering a long position with 4x leverage, the liquidation price would be at this cycle's lows. It's very unlikely we'll see a new low, but if it happens, averaging down is the best option to avoid liquidation.
77,000 - 25% = approximately 57,700 (without averaging in or adding margin)
With a short position, the price would be above 100kโthe psychological barrier everyone is trying to break, which I honestly don't think will be broken this year. Plus, averaging in as the price rises will give me a much better entry price to profit from the correction.
87,500 + 25% = approximately 109,000 (without averaging in or adding margin)
Which will come first: 77k or 87.5k? ๐ค
This isn't investment advice, but if anyone wants to do the same as me, go for it ๐โ๐ป
Only then did I realize Iโve already been in futures for more than a yearโalmost 13 monthsโand despite the setbacks, I stayed positive. My mindset was always to achieve strong annual performance.
I think that helped me keep going and not lose my footing during moments when I hit a bad streak, and I was only losing capital. I always reminded myself that the year wasnโt over yet, and sooner or later youโre going to hit it and send the ball over the fence for a home runโฆ
In the end, Iโve made it 13 months with a 277% profitโthatโs about 21% monthly return. For me, thatโs way too much, since for many years Iโve kept my money in banks, and the highest interest I ever managed to get was 15% per year.
Was my result luck? Maybe, yes ๐ , but also all the hundreds of sleepless nights studying and analyzing helped a bit ๐. A new year has just started for meโI hope I can keep the same luckโฆ
Good vibes to everyone in the next bull market ๐โณ๐ค๐ป
In 2014, the lows were seen 71 days after the midterm elections. In 2018, the lows were seen 39 days after the midterms. In 2022, the lows were seen 13 days after the midterms. In 2026, will the lows be seen again after the midterms????? (It is November 3rd)
No one knows that, and the truth is that from this point on it looks difficult to see new lows, but remember that in this manipulated crypto worldโup and downโanything can happenโฆ
What I am sure of is that a 15%-30% correction is on the way; time will tell how this story ends โณ
September has historically been considered the worst month for returns in #BTC , and despite all the negativity happening in this 2026, it still surprised everyone by ending positive. And if it closes above 84k, it would be considered in the top 3 best Septembers there have ever been throughout historyโฆ
September 2011 = 21.95% September 2024 = 8.19% September 2026 = 7% (closing at 84k)
October is coming. Historically, itโs a bullish month and is considered one of the best months to achieve returns. Most users are already expecting BTC to break upward, targeting 100k as the next objective, but the question isโฆ
Will October be bullish again despite all the negative events worldwide?
Or will it surprise us with the opposite, just like September, and become a top 3 of the worst Octobers in all of historyโฆ
October 2011: -34.79% October 2012: -11.10% October 2014: -12.67% October 2026: ?