75,736.38. Write this number somewhere.
not bcz it's a magic support, but bcz of what happened around it. Price went there fast, touched it, and refused to stay. The 4h closed with a long wick under, and now we are back at 77,392 like nothing happened.
that wick is not an accident. Under 76k there was lot of stops and liquidation orders waiting, and someone went to collect them, probably including yours 😂 What we call stop-fishing. They fill everything in one sweep, then push it back up in two candles.
Now look above. Every rebound since the 84,898 top died lower than the previous one: 81,324, then 79,309, then 78,063 yesterday. Lower highs on one side, long wick on the other side. The market is building a cage, and we are inside it.
So, i'll ask the honest question: what do you do inside a cage ? You don't trade the middle. The middle of a range is where your money go to die slowly, with -0.25% here, -1% there, fees everywhere.
You wait for the edges. Either he come back to test 75,7-76k again and show the same rejection, or he break 78k with volume and finally open the door. Before that, every candle in between is just noise designed to make you click buy or sell at the worst moment.
And please stop comparing your 30 days (-9.31%) with someone's 90 days (+19.45%) on the timeline. Same coin, two different stories, depending only on the day you entered. Your entry date is your real indicator.
Patience pay boring, but it pay.
$BTC
not bcz it's a magic support, but bcz of what happened around it. Price went there fast, touched it, and refused to stay. The 4h closed with a long wick under, and now we are back at 77,392 like nothing happened.
that wick is not an accident. Under 76k there was lot of stops and liquidation orders waiting, and someone went to collect them, probably including yours 😂 What we call stop-fishing. They fill everything in one sweep, then push it back up in two candles.
Now look above. Every rebound since the 84,898 top died lower than the previous one: 81,324, then 79,309, then 78,063 yesterday. Lower highs on one side, long wick on the other side. The market is building a cage, and we are inside it.
So, i'll ask the honest question: what do you do inside a cage ? You don't trade the middle. The middle of a range is where your money go to die slowly, with -0.25% here, -1% there, fees everywhere.
You wait for the edges. Either he come back to test 75,7-76k again and show the same rejection, or he break 78k with volume and finally open the door. Before that, every candle in between is just noise designed to make you click buy or sell at the worst moment.
And please stop comparing your 30 days (-9.31%) with someone's 90 days (+19.45%) on the timeline. Same coin, two different stories, depending only on the day you entered. Your entry date is your real indicator.
Patience pay boring, but it pay.
$BTC
