$BTC pumped to $78K and reached our final long target.
Very clean PA on Bitcoin. You can see how buyers and sellers were manipulated to fuel the move higher.
Jobless claims came in bearish → initial trap move up → sweep to wipe out early buyers and induce sellers → strong move higher that cleared out sellers while leaving late buyers behind.
If you’re not familiar with this inducement game, you’ll probably get chopped up. Better to wait for clear confirmation.
This week gave us 2 clean long entries that played out nicely. My hedge short got stopped, but the long more than compensated, which is exactly how I approach hedging.
For today, we already had a strong pump and are now retesting a HTF short POI.
After a move like this, I’m only interested in local shorts after a clear trigger.
The untouched wick remains a valid POI. I like the $78.6K–$78.8K region, but if the trigger comes earlier, I’m fine with taking it there.
I’m not chasing longs locally. My first intraday long POI would be a retest of the gap around $76.9K.
Overall, a very solid week.
#HKMAPlansWholesaleCBDCByYearEnd #BOJHikesRatesTo31YearHigh
Very clean PA on Bitcoin. You can see how buyers and sellers were manipulated to fuel the move higher.
Jobless claims came in bearish → initial trap move up → sweep to wipe out early buyers and induce sellers → strong move higher that cleared out sellers while leaving late buyers behind.
If you’re not familiar with this inducement game, you’ll probably get chopped up. Better to wait for clear confirmation.
This week gave us 2 clean long entries that played out nicely. My hedge short got stopped, but the long more than compensated, which is exactly how I approach hedging.
For today, we already had a strong pump and are now retesting a HTF short POI.
After a move like this, I’m only interested in local shorts after a clear trigger.
The untouched wick remains a valid POI. I like the $78.6K–$78.8K region, but if the trigger comes earlier, I’m fine with taking it there.
I’m not chasing longs locally. My first intraday long POI would be a retest of the gap around $76.9K.
Overall, a very solid week.
#HKMAPlansWholesaleCBDCByYearEnd #BOJHikesRatesTo31YearHigh
