$btc
Range and deviation formed ✅
2 weeks ago, we called for a range to form, with range high around 87k, range low 83k
Done se before it even formed while price was raging upwards
And now here we are.
Call a direction and you win 1 trade
Call a range and you win dozens
Bitcoin,82.7K direncini kırarak ikili dip formasyonunun boyun çizgisinin üzerine çıktı.Şimdi 82.7K seviyesi yeni destek olarak çalışıyor.Bu bölge üzerinde kaldığı sürece,destekten uzaklaşarak hareketin güçlenmesini ve yükselişin devamını takip edeceğim.
$btc shorts
Quick update, market thoughts and trading plan.
TLDR; look to scalp long towards weekend highs, look to swing short above weekend highs.
Alright keeping it short and concise to not take up too much time from your weekend time. No rants today.
Plan is clear from before: to expect a large pullback back to sub 75k.
Reasons:
➡️Q OHLC (no 83k until end Sept)
➡️2W&3W OHLC (no 82.2k+ until 5 Oct)
➡️Major mmd $eth on quarterly
➡️March 2025 defense
➡️Bullish sentiment
➡️All of the above have already held down price for over a month time, we just need downside excursion.
➡️Local mmd with $eth too and some key signatured POI's in 81/82k area + no 83k sweep theory.
➡️Red Sept stats also support bearish idea.
➡️FOMC reversal
Entered one short which was bad execution, I still look to exit be, but decided to hold it because only 1.5x lev.
Now looking for a fresh 0.9x short exited be earlier. This position for me is independent from the existing 1.5x short.
Due to weekend highs locally, liquidity likely cleared above first, which makes it to me a great target to scalp long which are opportunities I look for over/right after the weekend on next weekly open.
And then the main trade is to re-short above the high for a big move down.
Scalp long interest, swing short interest from my end.
Small move up, large move down.
That's my plan, one clear plan, no scenarios, just my thoughts.
Enjoy and have a great Sunday.
$BTC
Let’s stick to the facts.
We’ve lost the range lows, and structure on intermediate timeframes is clearly bearish.
That’s why I currently expect further downside.
Don’t get me wrong, my broader view on the market is still bullish, and I’m not expecting a major pullback here.
But a somewhat deeper correction than what we’ve seen so far is, in my opinion, very realistic.
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