chroe

One of One | Swing Trader 🦇
Jesus is God

[chroe @chroe_trades]

$BTC

Currently, there are two main scenarios I’m watching:

#1: We retest the recent range highs and continue the overall uptrend from there.

#2: We sweep the recent range lows first and continue higher from there.

Looking back at the previous bull cycle, the breakout structure looked extremely similar to what we’re seeing right now.

Back then, instead of simply continuing higher, BTC dumped back into the range and swept the recent low. This cleared out the majority of long liquidity before price quickly broke out again, leaving almost no time for longs to re-enter.

From a liquidity perspective, the second Scenario would make more sense.

But there’s one important problem with blindly expecting history to repeat.

The market changes.

BTC is now traded much more heavily by institutions, and its market structure and liquidity dynamics don’t necessarily have to behave exactly like they did during the previous cycle.

Waiting for the “perfect” repeat of the last cycle could simply leave you sidelined.

That’s exactly why I’ve already shared limit longs for both scenarios.

If we retest the range highs, I’ll buy.
If we sweep the range lows, I’ll buy there too.

I’m not going to sit on the sidelines praying for the lowest entry possible while the market moves without me.

If everyone is waiting for the exact same lower entry, don’t be surprised if market makers let price front-runs it and leaves them behind.

[chroe @chroe_trades]

$NEAR

Price is going exactly where we wanted it to go.

The trade is already up more than 1R.

I’m cancelling my second entry and moving my stoploss slightly above the recent high wick. This allows me to cut the majority of my remaining risk while keeping the trade open for the larger move to the downside.

What I found most interesting, though, was the reaction I got for shorting this coin.

Just because something pumped nearly 250% doesn’t mean it keeps going forever.

Long term, I actually like NEAR a lot. I think it could be one of the strongest performers this bull cycle.

But that doesn’t change what the chart is showing right now.

After such an aggressive rally, price is massively extended and has now broken its local bullish structure at the top, shifting the short-term trend and market structure to bearish.

So a correction here would be completely reasonable.

My main target remains the golden Fibonacci level of the recent rally, which would essentially retrace around 50% of the move and bring price back toward the previous range highs and breakout area.

That’s the kind of retest I’d actually want to see before looking for another major move higher.

Could I be wrong? Of course.

Nobody has to follow this trade. Being wrong is part of trading, I’m simply taking a setup where I like my analysis behind it + the risk-to-reward ratio makes sense to me.

Don’t get emotional just because someone is trading against your bias.

If seeing someone short your coin genuinely makes you angry, you might want to ask yourself whether you’re too emotionally attached or overexposed to that position.

And while $BTC is pushing higher, $NEAR is currently down around 7% and rejected almost perfectly at my exact level.

So maybe my short and my analysis wasn’t that unreasonable after all...

[chroe @chroe_trades]

$NEAR has topped out...

I’m going short.

Entries: $5.441
Targets: $4.46 - $3.923 - $3.368
Stoploss: $5.7265

After the recent nearly 250% rally, price has shifted its market structure bearish while it broke its recent uptrend to the downside.

Now we’re seeing weakness on the retest, with price getting rejected at the newly built resistance.

What makes this setup so great is the risk-to-reward ratio. After such an aggressive expansion, I expect price to go on a deeper pullback.

For me, this might be of the most interesting charts in CT right now.

Easy money. Save this for later.

[chroe @chroe_trades]

@extropic_vc Trade is up 5%/1R... I can't hear you.

[chroe @chroe_trades]

@CoachP4T This is working

[chroe @chroe_trades]

$NEAR has topped out...

I’m going short.

Entries: $5.441
Targets: $4.46 - $3.923 - $3.368
Stoploss: $5.7265

After the recent nearly 250% rally, price has shifted its market structure bearish while it broke its recent uptrend to the downside.

Now we’re seeing weakness on the retest, with price getting rejected at the newly built resistance.

What makes this setup so great is the risk-to-reward ratio. After such an aggressive expansion, I expect price to go on a deeper pullback.

For me, this might be of the most interesting charts in CT right now.

Easy money. Save this for later.

[chroe @chroe_trades]

@MiesOnCharts That's what most people should do, yes

[chroe @chroe_trades]

Unpopular opinion: For your first 2 years in crypto, you should only trade $BTC.

Don’t touch memecoins, don’t touch alts and don’t chase stupid narratives like NFTs.

Even if it seems „boring“, focus on understanding the one coin that controls everything and you’ll become a way better trader.

[chroe @chroe_trades]

@foobarboobeau 🤝

[chroe @chroe_trades]

@hxp1459658 You welcome ❤️

[chroe @chroe_trades]

@thRealGodofwar I did 😭

[chroe @chroe_trades]

@benny_lamera did you get filled?

[chroe @chroe_trades]

Put in more volume and change your expectations.

I sit in front of the charts for at least 5 hours every single day. I watch everything. Every move. Every manipulation. Every liquidity sweep. Every mistake I make.

When you put the most possible time and repetition into something, eventually you start seeing things differently. Patterns become obvious. You understand why you were wrong instead of just blaming it on the market.

Don’t expect to triple your money immediately. If you’re still unprofitable, you should stop trading and learn first instead. Even if its "boring", spend more time paper trading and only use your capital for longterm investments.

Learn how to apply proper risk management. Learn from your mistakes and figure out exactly what went wrong.

This sounds super cliche but if you really take this seriously its working.

It also took me more than 2 years to become profitable. I know what it feels like to feel stuck, lose everything, build it back up and lose it over and over again, repeating the same mistakes.

Most of the times its us that make the mistakes not the market. We know our rules and still break them. We understand risk management and still overleverage. We have a plan and abandon it the moment emotions take over.

You have to fall in love with this game, the money comes later.

[chroe @chroe_trades]

@AHonking_Goose It works for me

[chroe @chroe_trades]

@iMfZTCiCZHMs Yes I do.

You don’t have to take the same trades as me.

Always trust your TA over mine and thats a good thing no hate but for ME personally it’s a A+ setup and i’ll take it with full conviction.

[chroe @chroe_trades]

@tradermee1317 How old are you?

[chroe @chroe_trades]

It’s monthly close…

What else did you expect?

[chroe @chroe_trades]

$BTC

This is what I expect to happen next.

Today, price went on a massive liquidity hunt, taking out major clusters on both sides.

The important part is what remains left.

The biggest cluster of upside liquidity ($85k) has now been swept. While there is still some liquidity near $87k, it is significantly smaller compared to what remains below market price.

Meanwhile, the recent lows are still completely untouched, leaving the downside as the more attractive liquidity target from here.

The positioning data supports this setup as well.

Shorts got flushed out the market while longs continue entering the market creating a significant imbalance that creates fuel for a sweep below.

Now with monthly close and tomorrow’s monthly open, more manipulation-driven moves and liquidity hunts could occur over the next few days.

Because of that, I’ll stay away from lower-timeframe trades for now. There’s no reason to force setups in conditions like this, protecting my capital and avoiding unnecessary losses comes first...

[chroe @chroe_trades]

@bigpimpxxx69 It will go lower

[chroe @chroe_trades]

$ZEC

Break this support and this shitcoin is going on a massive liquidation hunt.

There’s a huge amount of liquidity sitting below, and once support breaks, price will nuke more than 30% faster then you’ll expect.

[chroe @chroe_trades]

@bigpimpxxx69 What do you mean... it hit the break point and dumped 12%...

[chroe @chroe_trades]

What I mean is that at both areas is significant liquidity, which makes them important targets for price.

Markets constantly move toward areas where orders are concentrated (so liquidity) because that’s where large positions can be executed efficiently.

That doesn’t mean both levels have to be swept immediately or that I know which one comes first. The order is exactly what I’m waiting for the market to confirm.

My point is that I don’t want to become emotionally attached to one direction while major liquidity remains on both sides and Im also not one of these people that think we will go into one direction forever. This is just not how it works.

If $79K gets swept first, I’ll adapt. If $88K gets swept first, I’ll adapt.

This is how I trade. Most people are getting distracted too fast.

[chroe @chroe_trades]

$BTC

Like it or not, both sides will get swept.

Currently there are two major liquidity clusters:

$79.000 below
$88.000 above

And price won’t leave either of them on the table.

Expecting price to move into one direction without taking the liquidity on the other side is just ignorant and stupid.

Don’t be one of these people that are constantly overbullish or overbearish, always hanging onto their bias and not able to adapt to the market.

Because they will loose while I will win.