BillGK

Trading and Investing

[BillGK @TraderBGK]

gm legends, how are we all doing?

Slow days but nice to finally see a starting $BTC pop...

Brief note from my journal on August:

A notorious chop city month, be very weary on changing high timeframe bias & opening new positions during this month.

So far I'd say it's on point...

[BillGK @TraderBGK]

Best part about market atm is even if you missed BTC so many alts are still in their multi-year ranges + eth relatively cheap

If you want to be conservative, have your alt list ready & during the next multi-week bleed start buying as soon as you first think "it's all over again"

[BillGK @TraderBGK]

First real break after 5 years straight. If you were wondering whether that black under the eyes ever goes away... yes it does (def helped being loaded up on $BTC <$20k)

Make sure you're recharged for next year lads, it's going to be a big one.

[BillGK @TraderBGK]

I don't make the rules but I do point them out.

Sometimes simple is best on #Bitcoin

[BillGK @TraderBGK]

After the FTX nuke not many believed $BTC would be above $30k (without much lower)

After that last 'nuke' to $25k not many believed #Bitcoin would be above $40k (again without much lower first)

Lessons

[BillGK @TraderBGK]

Good day legends

What a joy its been sitting back and watching this unfold 💪

#Bitcoin

[BillGK @TraderBGK]

$SOL Update

Following through as expected after rejection.

Setting some bids in grey but also keeping close watch on BTC (if 25k holds we might not see too much lower on select alts)

[BillGK @TraderBGK]

Biggest OI flush since the FTX nuke you say?

The longer price sits here, the more $BTC reminds me of that very nuke...

#Bitcoin

[BillGK @TraderBGK]

$SUI following $APT to a tee so far 🤝

[BillGK @TraderBGK]

gm

Only went away for one week and you guys broke the market 😤

Journal did say August is historically a terrible month but damn, that was one monster down candle 🥊

[BillGK @TraderBGK]

Finally some movement on $BTC

$29.5k is the number for momentum to continue through $30k (note reclaim or else back to tight chop between $29.5-28.5k)

It is August so I wouldn't put too much stock in day to day movements (notorious chop city month).

#Bitcoin

[BillGK @TraderBGK]

Monster daily and sweep on #Bitcoin

Hard to see $BTC not heading higher here, many were so excited for lower on that wick down yesterday...

Speaks to how many parts of the market are still under-allocated wanting lower prices.

[BillGK @TraderBGK]

Tight barbed wire action just below resistance

#Bitcoin ETF decisions around the corner...

Up or down here?

[BillGK @TraderBGK]

#Bitcoin summarized

Daily: Looks rough, reclaim $30k to improve

Weekly: Bullish but could see more consolidation toward $27/28k (rising 200W)

Monthly: Extremely bullish above $29k and bullish overall while above $25k (note expanded range $25-40k)

TLDR: Zoom out and chill to avoid getting chopped up on the day to day.

[BillGK @TraderBGK]

Interesting with $BTC still holding $29k overnight, monthly keeps importance in perspective

Important because this was the top of the previous engulf (technically HTF support)

[BillGK @TraderBGK]

$SOL

If you were feeling FOMO last week, you've just been given some solid DCA levels

Ideal for me is as close to grey as possible, with below simply being a bonus

[BillGK @TraderBGK]

Vitalik still have any ties (mom) to $METIS?

On a floor for over 400 days has this looking pretty bottomed out overall

[BillGK @TraderBGK]

$CFX ⌛️

[BillGK @TraderBGK]

If bulls can push and sustain above $30.4k today, $BTC would erase the past 4 days of what would become 'weak' selling

Not much but would be a start at getting price out of this ugly looking sideways distro

[BillGK @TraderBGK]

I'm inclined to stay off the short button at the moment but if you think $BTC breaks down clean from 29/30k, better off shorting alts which had a false break above a key range resistance

$ARB gives a clean example of the profile with a confluent block 👇