Only how if you've proven it's unprofitable on a few hundred trades in a row. 100 min, 200-300 better. Consider first tweaking it a bit and if that still doesn't work, move on. When people say don't hop they mean don't hop after testing it for 10 trades without having the big picture.
$BTC LOCAL UPDATE
Bitcoin is currently hovering around POC at 67k in the HTF range which has started in 2024.
Once an asset moves from Value Area High to POC it tends to drop to Value Area Low (and vice versa).
In this case I expect BTC to reach VAL which sits at 53k. There's a high probability that we will revisit previously lost support at 84k (382 Fib level from the 16-126k move up).
For this reason I'm placing short orders in the mentioned area and looking to take profit on those shorts around VAL in the 51-55k area which is also where the Fib Golden Pocket sits.
SL to be placed above VAL at 97k which gives a nice 2:1 RR.
Those orders are placed separately of the already placed long orders between 63-39k which are SPOT ONLY.
In the medium term (6-8 months) I'm still expecting the price to make new lows before the next run starts in October 2026.
How I'm looking to spot trade $BTC over the next decade:
1. Buy at 60k in 2026
2. Sell at 209k in 2029
3. Buy at 131k in 2030
4. Sell at 353k in 2033
Let's see how this plays out.
$BTC LOCAL UPDATE
Bitcoin is currently hovering around POC at 67k in the HTF range which has started in 2024.
Once an asset moves from Value Area High to POC it tends to drop to Value Area Low (and vice versa).
In this case I expect BTC to reach VAL which sits at 53k. There's a high probability that we will revisit previously lost support at 84k (382 Fib level from the 16-126k move up).
For this reason I'm placing short orders in the mentioned area and looking to take profit on those shorts around VAL in the 51-55k area which is also where the Fib Golden Pocket sits.
SL to be placed above VAL at 97k which gives a nice 2:1 RR.
Those orders are placed separately of the already placed long orders between 63-39k which are SPOT ONLY.
In the medium term (6-8 months) I'm still expecting the price to make new lows before the next run starts in October 2026.
$BTC MACRO UPDATE
Where will BTC bottom? Seems the whole TL's been trying to guess it for the past 2 weeks.
Let's look at the available data.
In every bear market since (2014, 2018 and 2022) BTC has bottomed between Fibonnaci level 0.886 and 0.776 (of the previous bull run).
This gives us an estimation of 28k-39k for this bear market's bottom.
If we look closer we can see that BTC usually produces a fakeout below 0.776 and then reverses. Combining that with the rule of diminishing returns I'm expecting for BTC to bottom around 35k this year.
As always, trying to chase EXACT tops / bottoms is the easisest way to miss them - the best play is to DCA entries between 35-39k (or higher if you want to play it safe).
Good luck
$BTC LOCAL UPDATE
Bitcoin is currently hovering around POC at 67k in the HTF range which has started in 2024.
Once an asset moves from Value Area High to POC it tends to drop to Value Area Low (and vice versa).
In this case I expect BTC to reach VAL which sits at 53k. There's a high probability that we will revisit previously lost support at 84k (382 Fib level from the 16-126k move up).
For this reason I'm placing short orders in the mentioned area and looking to take profit on those shorts around VAL in the 51-55k area which is also where the Fib Golden Pocket sits.
SL to be placed above VAL at 97k which gives a nice 2:1 RR.
Those orders are placed separately of the already placed long orders between 63-39k which are SPOT ONLY.
In the medium term (6-8 months) I'm still expecting the price to make new lows before the next run starts in October 2026.
@cryptosymbiiote π― Combine that with the fact that we tend to bottom around 0.786 Fib support (in this cade 2022 bottom - 2025 top) which sits at 39k & that each bear market has lasted ~365 days (from ATH) we will see lower prices this year.
@j_intradaytrade It takes more time (but in my experience) is easier to trade with your own assets. Learn how to double your money every year (totally doable with a solid setup) and stay persistent for 7-10 years. You'll thank your younger self for it