$BTC — Update & Review 🚀
I’m still waiting for 75k, so I’m not taking a breakout long from here. The last suggestion was wrong—price still pumped to 83k. I took a bigger loss from my short, but I didn’t lose morale. Later that same day, we won a scalp long and opened three 4RR+ shorts from the 81–83k range. Shorting that area wasn’t a bad idea; the last trade just turned out messy. Sorry for the confusion with my share.
A quick reassessment: In general, not much changes; the only major confluence got invalidated. I’m still waiting for 75k, but I’m not opening a short now, and I’m not taking a breakout long either like I did at 69k. I still think the market is ready to drop.
Four main factors: invalidation of the quarterly OHLC, the mmd on the higher timeframe, two major levels, and the critical line at 82.8k. If price slips below 82.8k, the drop is confirmed.
Summary:
- Market is ready to drop
- Short scenario: move below 82.8k (fake-out)
- Long scenario: position below 75k
- We’re not thinking about swing longs; there doesn’t seem to be a local range
In short: Clearly, without opening a short or a long, I’m patiently waiting for the downside. 📉✨💰🔍
#Write2Earn
I’m still waiting for 75k, so I’m not taking a breakout long from here. The last suggestion was wrong—price still pumped to 83k. I took a bigger loss from my short, but I didn’t lose morale. Later that same day, we won a scalp long and opened three 4RR+ shorts from the 81–83k range. Shorting that area wasn’t a bad idea; the last trade just turned out messy. Sorry for the confusion with my share.
A quick reassessment: In general, not much changes; the only major confluence got invalidated. I’m still waiting for 75k, but I’m not opening a short now, and I’m not taking a breakout long either like I did at 69k. I still think the market is ready to drop.
Four main factors: invalidation of the quarterly OHLC, the mmd on the higher timeframe, two major levels, and the critical line at 82.8k. If price slips below 82.8k, the drop is confirmed.
Summary:
- Market is ready to drop
- Short scenario: move below 82.8k (fake-out)
- Long scenario: position below 75k
- We’re not thinking about swing longs; there doesn’t seem to be a local range
In short: Clearly, without opening a short or a long, I’m patiently waiting for the downside. 📉✨💰🔍
#Write2Earn
