Bearish $BTC outlook if we break 72.2k
There's a few spots where we could still bounce and kick off the bull run before November. (69.8k, 67k, 62.4k, and 59.8k)
If we don't bounce from any of them, i expect pure red down to the 55k - 48k area, then a range until probably the first week of November.
I plan on shorting if we break 72.2k. I'm expecting a higher high that retests the breakout and traps longs before I enter. Marked on the chart if played out.
If we retest around VAH i move stops to break even and ride till the next zone. This applies for every zone
If we get bullish signs or a small bounce from any of those zones, i close the short.
Finally, if we break 59.8k and retest and start nuking lower, that's where the really big red candles come in and I just ride my short and TP along the way.
FYI : This only plays out if we lose 72.2k. Reclaim it and hold, and i'm back to my bullish plan.
You probably could've out traded 99% of CT this month with one simple strategy on .
If you longed every oversold bump on the 1h using Elixir Orderflow you'd have a 41.45 average entry and be up 70% without leverage.
It never dipped more than 3% from average entry the whole month.
So if you 20x lev each entry you'd be up around +1,400% just buying the signals and holding this month.
Sometimes simplicity beats all these complicated strategies.
lowering this from 10k-50k to 1k-10k reasoning is because it gets more views on X 🤣😭
starting the challenge today
also removed a min amount to join
sorry about the changes
dm me if you want to join
Dropping $10k into a fresh wallet, goal $50k
Fresh wallet, starting from scratch. This is more of a mental thing, keeps me humble and stops me oversizing after a good month.
Every day I'll recap the trades I took and where the wallet sits, so you see exactly how a full time trader trades.
Want access to copy all the trades live? DM me
$BTC
Took a long from the pois I marked out a couple days ago.
Plan is to bounce here see how we react at 72.4k then if we react good only tp 50% of the position and ride the rest to 74.2k.
If we dont bounce here and I get stopped out we are looking pretty cooked.
$BTC closed my short from 74,307, flipped long around 73k.
Break above 74,500 and i add + stay bullish.
Lose it and im back short, full bear mode.
What you guys leaning, long or short?
If I see a bottom form within Wednesday I will start the challenge Wednesday.
If I don't see a bottom form im not starting the challenge until there is one.
I want as good conditions as I can for this challenge, I dont want to lose anyone's money.
Dropping $10k into a fresh wallet, goal $50k
Fresh wallet, starting from scratch. This is more of a mental thing, keeps me humble and stops me oversizing after a good month.
Every day I'll recap the trades I took and where the wallet sits, so you see exactly how a full time trader trades.
Want access to copy all the trades live? DM me