$BTC - Hidden bullish divergence
Near 87k, price made higher highs while RSI made lower highs. That bearish divergence was the warning, and why I took a short up there.
Now the opposite: price put in a higher low (~80k vs ~75k in Sept) while RSI made a lower low. Hidden bullish divergence, sitting right on the daily 50 SMA.
The crowd that was euphoric at 87k is now bearish at 81k. 80β82k is my floor. Iβm accumulating here, not positioning for a breakdown.
Targets: 85k β 87β90k+
If 87-90k breaks, 94k is the HTF target
Invalidation: 1d close below 80k
$BTC
Separate short from earlier. That closed at break even.
New short: scaling into ~86-89k.
Why: double top into resistance, weekly liquidation swept, delta stretched.
Invalidation: acceptance above 89k.
Target: 79-83k range (developing).
HTF unchanged.
$BTC
Flagged 85k as resistance last week. Thatβs exactly where it stalled out after an overextension.
Relax, this is what a retest looks like. Price broke out of the wedge and is now retesting the trendline and the 80.5-82k support box together.
Nothing changes unless we get a daily close below 80k.
$BTC Trade Update
Average: $80.8k
NO reason to sell here.
Chop is normal, 87k+ is the target.
Invalidation: unchanged, 1d close below 80k Targets: 85k (strength = hold) β 87β90k+
$BTC Added to position
Support held this weekend.
Falling wedge pressing the upper trendline.
Added (yesterday): $81k
New average: $80.8k
Invalidation: unchanged, 1d close below 80k
Targets: 85k (strength = hold) β 87β90k+
$BTC Added to position
Support held this weekend.
Falling wedge pressing the upper trendline.
Added (yesterday): $81k
New average: $80.8k
Invalidation: unchanged, 1d close below 80k
Targets: 85k (strength = hold) β 87β90k+
$BTC - Hidden bullish divergence
Near 87k, price made higher highs while RSI made lower highs. That bearish divergence was the warning, and why I took a short up there.
Now the opposite: price put in a higher low (~80k vs ~75k in Sept) while RSI made a lower low. Hidden bullish divergence, sitting right on the daily 50 SMA.
The crowd that was euphoric at 87k is now bearish at 81k. 80β82k is my floor. Iβm accumulating here, not positioning for a breakdown.
Targets: 85k β 87β90k+
If 87-90k breaks, 94k is the HTF target
Invalidation: 1d close below 80k
$BTC
Separate short from earlier. That closed at break even.
New short: scaling into ~86-89k.
Why: double top into resistance, weekly liquidation swept, delta stretched.
Invalidation: acceptance above 89k.
Target: 79-83k range (developing).
HTF unchanged.
$BTC Added to position
Support held this weekend.
Falling wedge pressing the upper trendline.
Added (yesterday): $81k
New average: $80.8k
Invalidation: unchanged, 1d close below 80k
Targets: 85k (strength = hold) β 87β90k+
$BTC
The crowd wants low 70s. The chart disagrees.
In bull markets, price rarely gives the perfect retest. Most sidelined buyers are waiting for a pullback that may never come.
Range low already swept to 79.7k, and the daily closed right back inside. Thatβs a bottoming process, not a breakdown.
My trade invalidates on a daily close below 80k. On the HTF, 77k is the absolute worst case.
Max pain is higher, not lower.
90k into Nov/Dec.
$BTC
First the market made longs comfortable, then swept the lows.
Now itβs making shorts comfortable under the highs.
Same playbook, in reverse.
87-90k next.
@mvtinl Don't take it personal, it screws most people over. That's how its designed.
May I recommend you lower your position sizing / leverage so it feels less painful?