Good trading is switching between gears with ease.
We've had 6M of chop & down: where no retest held, no breakout sustained – this gets you into the habit of not trusting anything.
In 'bullish gear', these things work fine. Don't be scared to switch gears & believe again.
Make a meme contest - win a share of 10,000 $SWEAT 🏆
Turn the photo into a meme for a chance to win 🎁
Only a few rules:
1. Repost this post 🔃
2. Drop your meme in comments ⤵️
The best 10 memes will each win 1K $SWEAT 🤑
$BTC update
Testing the Weekly FVG once again. For the longs sake, I prefer we don't spend too much time below 62.5K~, hopefully just a quick deviation. We rejected off the Daily FVG, so it's Daily vs. Weekly. Weekly *should* win.
As said many times previously, this is the first time throughout this 2024 range that I'm choosing not to TP locally or I would have TP'd the Daily FVG at 64K. It's 70K's or 40K's for me so letting my wide stop and weekly level do it's job (or fail).
I'm still mostly confident in the trade (and some people won't like what I'm about to say), but the only that gives me pause is how the whole space immediately flocks to memes the second BTC looks bullish. Obviously CT isn't crypto as a whole and I know BTC can't give the small investor the returns he desires, but we know how it ends when we pump one completely useless thing after the next (such as NFTs in the previous cycle).
Anyways, there's some brief cynicism, but hopefully for this position (and the small investors meme bags sake) there's still a decent amount of time left before it all goes back to zero.