$BTC pushed to 78K and hit our final long target.
Clean price action this week. Jobless claims came in bearish → trap move up → sweep to wipe out early buyers and induce sellers → real fuel move that shook out sellers and left early longs behind.
If you're not familiar with that inducement game, you're probably getting chopped. Best to sit out until you see it clearly.
This week gave us 2 clean long entries that printed. My hedge short got stopped, but the long compensated—exactly how hedging should work.
For today: we've already pumped and are now retesting a higher timeframe short POI. After a move like this, only local shorts after the trigger make sense.
The complete untested wick is a valid POI. I like the 78.6K/78.8K region, but if the trigger comes early, I'm fine with that too.
Not chasing longs locally. The first intraday long POI for me would be a retest of the gap around 76.9K.
Overall, a very nice week.
Clean price action this week. Jobless claims came in bearish → trap move up → sweep to wipe out early buyers and induce sellers → real fuel move that shook out sellers and left early longs behind.
If you're not familiar with that inducement game, you're probably getting chopped. Best to sit out until you see it clearly.
This week gave us 2 clean long entries that printed. My hedge short got stopped, but the long compensated—exactly how hedging should work.
For today: we've already pumped and are now retesting a higher timeframe short POI. After a move like this, only local shorts after the trigger make sense.
The complete untested wick is a valid POI. I like the 78.6K/78.8K region, but if the trigger comes early, I'm fine with that too.
Not chasing longs locally. The first intraday long POI for me would be a retest of the gap around 76.9K.
Overall, a very nice week.
