$BTC
Nice low so far ✅️ Back to consolodation high now. Etc
Alright, just a quick update on $BTC. No lengthy post needed because the low we saw nearing in the area we wanted to see and during the time we wanted it to see took place.
Indeed, forming on Thursday New York trading hours where NYO indeed played its key role.
Shorts got a bit arrogant bear posting the bare (no pun) bottom for a while.
Indeed as mentioned last post likely setting ourselves a low here where we head back to consolidation highs.
That should punish them for a while if they didn't take the chance to de-risk at the time we projected the low just under 90k.
We'll track further but I remind you that despite what many are calling, I don't see new lows, rather a consolidation.
Consolidation itself can take a while. We did just hit a big target and took a large chunk right there in live time and per plan. But from it, we should see new highs.
Enjoy.
$BTC htf longs
Higher low close getting close✅. Reminder, this is not going below 84k.
Good morning, price printing nicely here getting close to the area where we want to see a higher low as we have drawn out.
The retracement completes the story of our first partial profit taken at 89.8k, which ended up the local top so far quite neatly, together with setting the SL at 84k, which makes the trade completely risk free as well, and completely eliminates any mental strain while we hold through this higher low.
All things we wanted to set ourselves up with, going into Holiday season with minimal stress, where price action is expected to be slow, so far, so good.
And so we hold a trade that has a very good chance of running large IMO. And, which I am happy to try again if it would fail (if).
So don't get me wrong, nor the risk free setting of this trade. As you know, I am full bull here, and expect this trade to work out, 84k not get taken, and certainly not in the coming days.
Analysis supports it heavily, where we frame our weekly bias to the upside, with piece by piece given to you as to why we took this trade.
Setting risk free is just part of our routine process of every trade, taking partials at points of liquidity, at as ideal points as possible, not getting arrogant and just executing plan. And indeed also ideal for Holiday season which indeed gives slow pa. Nothing worse than lingering SL fear with slow price action.
It's good practice, on all timeframes too, from investments, to micro trades. (the higher the timeframe, the closer the risk free point towards target).
And we have been showcasing how this works in action on the hourly timeframe, getting 7 wins in a row so far, all posted in live time.
We said, a bigger move is likely coming, and this long forms the actionable step of that putting our words in action (which is key).
So far, trade reached 6.14% so far, and 5 days above entry. Days I like to count as I expect this number to grow large. Larger numbers of days spent above entry, means more time for bearish sentiment to develop whilst we keep our trade and farm negative funding rate at the same time.
Good moves develop subtly and so this number growing, slowly increases the chance until the move up becomes inevitable (and then it's too late).
As the number grows, equally, bearish sentiment is developing further into the yearly close. With the holy trinity present of macro bear charts, pivots to other markets, and wide arguing and emotions running high on the platform.
There is also talk about the first red yearly close on the 3rd year of each cycle in $BTC's history, as if bitcoin is now broken because of this. Absurd. This is not a requirement for a four year cycle, and is again, extrapolating limited data sets.
And finally, there is also a lot of talk about 10/10 having ruined the markets. Again absurd and just the usual news retrofitting we see. The multi-week and sometimes multi-month delay is embedded in crypto to confuse the participant which is why other markets move now.
This is also why I often mention how equities and $BTC are nowhere near as correlated day-to-day as people think, as long term followers know.
Explains why, if you ever wondered, $BTC ranges 80% of the time (whilst sentiment develops, which we love to detect), while other markets already move gradually, and that is also why $BTC is so volatile at sudden stages, coming out of a long period of ranging and correcting its volatility.
So in short, I remain boldly bullish on $BTC, supported by extensive analysis, also took action with this trade, shared it in live time, with the main message that I would be aiming for a higher timeframe trade, and the promise we would be able to get at least our first risk free partials in.
We got our risk free partials in. And next, I also promise our targets.
Finally, if the promise of the partial and risk free setting is not enough, we also have been providing low timeframe calls on top for monitoring purposes, trying to keep you at ease and letting you know this pullback is all normal as called in advance, whilst price retraces before higher.
Enjoy, as, this trade has been slow, but smooth so far. We continue to track it. Hold on a little longer into this higher low, and then expect a move up again.
And I promise you, by the time our weekly bullish bias here resolves, the market will speak for itself how the countless of bears at the moment or very likely wrong IMO.
So just keeping my bias here as there is no reason not to while the days count. And yes, I could have closed this long already as a low timeframe long for an 8th win in a row. But I promised you a high timeframe long in alignment with my expectations.
And it is my job to live up to the promise for myself, in recent years, for you.
That is why I have not been taking many trades and just stick to this one, as laid out in advance. I also don't like to take many trades during Holiday season, in expectations of low volatility. I assure you trade frequency will increase again. But quality over quantity as always.
And my clean bullish posts + backed with longs, I am sure help you stick along whilst the majority of other accounts on X cause fear and panic selling at very likely a bad time.
If you are not trading along, at the very least lend my conviction and I wish you a Merry X-Mas.
$BTC shorts
Setting my limits for last TP's down to 87.7k, the weekend lows.
Doing it in a 10% TP at 88.9k, 20% at 87.7k, 10% left-for-runner fashion.
And below the 87.7k level, I also start looking to long again.
You already know the plan.
Good night and thanks for joining in with me today.
$BTC shorts
4 trades, 4 wins ✅
Weekly open hit🎯. That's main first target. Another 30% off.
Alright, pretty much safe to say now how we sniped the top, and brought it to main target 1 so far.
Taking another 30% off at 1.86 RR, right at weekly open. That makes this win official. Indeed four wins in a row as of current. With every single trade called before it happened/in live time on public X here for the world to see. With no forced trades, simply trading the charts according to our system.
From here on out, it's just about the home run towards 87k as promised.
As mentioned, I do think it comes. But I kindly do not recommend to be that person who takes absolutely no profits until then and runs this entire trade with sweat on his or her back towards the end in all or nothing fashion. Take profits at good targets and trade stress free.
We shall drift into the future stress free, and we shall see what the future brings, and whether my foresight goggles will predict 87k.
But very glad so far with what the goggles have brough so far.
Enjoy the money if you traded along.
Hasta La Vista