$BTC Higher Timeframe Plan πβ³
This is my current big picture view.
The structure looks very similar to the previous bear market cycle.
While most people are expecting a direct move up from the 50-60K zone, I donβt think it will be that easy.
I expect one more deep capitulation first β when almost everyone is discouraged and no longer expecting a bull run.
Scenario:β³
BTC will likely sweep the low of the yearly candle first, then start the real bull run. π
Patience will be key.
What do you think?
Will we get one more big flush lower before the next leg up?
π«΅βοΈπ
#BTC #Bitcoin #Crypto #Trading
$BTC Current Outlook πβ³
Right now I expect BTC to move as shown with the green arrow. π
However, I didnβt place a short limit order yet.
Reason: Before dropping, BTC can still push up to the $66,000 area first. π
I will wait for confirmation at the marked resistance zone before entering short.
What do you think?
Will we see one more push to 66K or direct drop?
#BTC #Bitcoin #Crypto #Trading
$BTC Short Update π
The short trade I shared earlier is now at +4R profit. β
If you entered the trade, you can manage the rest yourself from here.
Risk management always comes first.
What do you think?
Will it continue lower?
π«΅βοΈπ
#BTC#Bitcoin#Trading
$BTC Short Update π
BTC reached the short zone I marked in my previous post. π
I had a limit order placed and entered the trade.
Currently sitting at ~2R profit.
Plan: Take partial profit here and the rest can be left to run with trailing stop.
If it hits stop, only the profit is gone.
What do you think?
Will it continue lower or reverse from here?
π«΅βοΈπ
#BTC #Bitcoin #Trading
$BTC Higher Timeframe Plan πβ³
This is my current big picture view.
The structure looks very similar to the previous bear market cycle.
While most people are expecting a direct move up from the 50-60K zone, I donβt think it will be that easy.
I expect one more deep capitulation first β when almost everyone is discouraged and no longer expecting a bull run.
Scenario:β³
BTC will likely sweep the low of the yearly candle first, then start the real bull run. π
Patience will be key.
What do you think?
Will we get one more big flush lower before the next leg up?
π«΅βοΈπ
#BTC #Bitcoin #Crypto #Trading
$BTC Higher Timeframe Plan πβ³
This is my current big picture view.
The structure looks very similar to the previous bear market cycle.
While most people are expecting a direct move up from the 50-60K zone, I donβt think it will be that easy.
I expect one more deep capitulation first β when almost everyone is discouraged and no longer expecting a bull run.
Scenario:β³
BTC will likely sweep the low of the yearly candle first, then start the real bull run. π
Patience will be key.
What do you think?
Will we get one more big flush lower before the next leg up?
π«΅βοΈπ
#BTC #Bitcoin #Crypto #Trading
$BTC Short Update π
BTC reached the short zone I marked in my previous post. π
I had a limit order placed and entered the trade.
Currently sitting at ~2R profit.
Plan: Take partial profit here and the rest can be left to run with trailing stop.
If it hits stop, only the profit is gone.
What do you think?
Will it continue lower or reverse from here?
π«΅βοΈπ
#BTC #Bitcoin #Trading
$BTC Key Zones I'm Watching πβ³
Currently waiting for $BTC to reach these two zones marked with arrows.
Still patient, no position yet.
What do you think?
π«΅βοΈπ
#BTC#Bitcoin#Crypto#Trading
$BTC Key Zones I'm Watching πβ³
Currently waiting for $BTC to reach these two zones marked with arrows.
Still patient, no position yet.
What do you think?
π«΅βοΈπ
#BTC#Bitcoin#Crypto#Trading