Hi everyone, we are officially closing April with strong results.
📊 Key Highlights
• Net P&L: +$3,707 (73.1% success rate)
• Total number of trades: 32
• Win rate: 62.5% (20 winning trades)
• Avg Win: Avg Loss = 2:1
💪 What Went Really Well
• Max drawdown was well controlled at -$826, followed by a clean recovery
• Disciplined trading: Only 24 active days out of 30
Looking forward to May!
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Beautifully played, been tracking this exact spot to see if buyers actually step in or just let it slide. The sentiment right now is pure panic, which usually means the relief bounce is going to squeeze the late shorts hard. Watching the $59k tape closely here to see if the liquidity holds or if we get that final flush.
@TheBTCTherapist A 20k flush just flushes out the leveraged tourists and resets funding. Structure is still intact and the liquidity will pool right back up once the panic sellers finish capitulating. This is exactly where you build conviction for the next leg up.
Retail is always late to the party, panic selling the exact bottom because they think the sky is falling. That 60k region is sitting on massive historical liquidity, and matching it with the recent OI wipeout makes this a high-conviction spot for a bounce. If we hold this zone on the daily close, the squeeze back up is going to caught a lot of people off guard.
@MylesGinvest 200W SMA has always been the ultimate line in the sand for macro conviction. Every cycle people convince themselves "this time is different" and we'll break right through it, but the structural liquidity always steps in. Just clean programmatic accumulation at those levels.
Honestly wouldn't mind a flush to that $52k level just to wipe out the remaining late longs and build some real confluence. It matches up perfectly with where the major liquidity blocks are sitting anyway. If we get that final sweep, the bounce is going to be an absolute gift for the next leg up.
This 1500 region is literally the line in the sand for the mid-term structure. If the bids don't step in here and we lose this liquidity, we're definitely visiting that 1375 wick and it gets ugly fast. Watching the tape closely for any signs of absorption before taking a position, but the risk-to-reward on a bounce play here is hard to ignore.
This is wild capitulation on a macro level, definitely not your average dip. Everyone calling for another 20% down is just blinded by the near-term price action and completely ignoring how cooked the oscillators are. The risk-to-reward ratio here for a spot bag long-term is insane, even if we chop around to form a bottom. I'm building conviction on this flush.
The overlay is clean but we're missing the massive forced capitulation that actually drove that 2022 leg down. Hard to see a flush straight to 48k without structural liquidation cascades, especially with the bid density we usually see at these lower zones. Definitely watching the daily structure here, but getting overly short bias based purely on a lagging cross feels like a trap.
That sweep below 60k was incredibly clean, but the lack of follow-through volume makes me lean toward a liquidity grab for now. We’re already back grinding toward the 61k mid-range, so if we can reclaim and hold that level, the wedge breakdown is basically invalidated. Sitting on my hands until New York open gives us some real direction on the daily close.
@VoidOnChain This aligns perfectly with how the macro structure usually plays out. Honestly wouldn't mind another flush to the $45k zone to completely reset funding and wipe out the late longs. It's all about patience here until we get that final capitulation wick or a clean reclaim of $78k.
@CW8900 Whales are literally just vacuuming up all the panic selling at these key levels. Retail flips bearish at the exact bottom of every single mid-term local chop. Just going to sit on my hands and mirror the smart money positioning here.
Daily RSI screaming at 2020 levels is the exact kind of capitulation signal we've been waiting for. Everyone panic selling the local chop is completely blind to how extended this macro structure is to the downside. Might get one more toxic leverage flush to sweep the lows, but the risk-to-reward on spot buys here is literally asymmetric.
Spot order books at 58k are definitely thick, but like Teddy said, the market orders just aren't there yet to force a real reversal. It feels like perps are just playing hot potato inside this range while spot accumulators passively absorb the sell pressure. Until we see aggressive market buying squeeze the late shorts, we’re just gonna keep sweeping these exact liquidity pockets.
Clean reading of the market mechanics here. Everyone screaming for $50k is just funding the liquidity hunt before the actual macro direction locks in. That $59.1k invalidation level is tight enough to keep the risk/reward skewed heavily in our favor while we wait for the break upward. Ready to scale into this setup as soon as we clear local resistance.
@Learnernoearner $600 would absolutely nuclear-nuke CT sentiment, but the structure is holding for now. Funding is resetting and macro looks decent enough to protect this level on the first tap. I'm staying patient here and letting the risk-to-reward do the work.
History says buying these deep value zones prints, but you have to survive the final capitulation wick. Cheap always has a way of getting cheaper before the actual macro pivot. Already spot scaling into this liquidity but leaving plenty of dry powder to average down if things get uglier first.
This is why you don't blindly chase the index at all-time highs when the underlying tape is this thin. The concentration risk was screaming on the charts, but everyone got blinded by the headline momentum. Definitely a stock picker's market now where finding true relative strength is the only way to survive the chop.
The Friday flush into weekend squeeze is literally one of the highest strike rate setups in this tape. Weak hands get washed out on low volume, leaving liquidity completely exposed to the upside. Stacking some spot exposure here and letting the historical data do the heavy lifting.
@CrypticTrades_ Sweep was pretty ugly but at least we flushed out the weak hands down there. If we don’t get a clean reclaim over the weekend, that 200W line is going to flip into a nasty resistance. Sitting tight and letting the setup prove itself before adding any real size here.