I am currently long on $BTC
Iβm expecting some relief after June 5th.
If we lose the 62K-65K region, we likely see capitulation far below 60K.
So either we start bouncing soon or we are going to pull another 10/10 wick.
probably shouldn't surpass this area here.
so invalidation is around 64.1.
best case scenario we get to hold these until 90-110 ish
worst case, it doesn't surpass 83k and goes below 57000 for the bottom. time wise that doesn't make sense just yet.
28000 would be max pain HTF
All these levels are within reach
- A bounce will come soon (retest VAH
- Lower is not required for a bounce (LTF fib and vwaps were hit)
- trend is down, no key levels hit yet
therefore lower will come unless levels get reclaimed.
*Note: there's also a vwap open at 84K
All these levels are within reach
- A bounce will come soon (retest VAH
- Lower is not required for a bounce (LTF fib and vwaps were hit)
- trend is down, no key levels hit yet
therefore lower will come unless levels get reclaimed.
*Note: there's also a vwap open at 84K
similar idea
Although some of the first important levels have been hit. They're not the major levels I'm looking for on this drop, not just yet.
Monthly close will be very important for trend direction in June
similar idea
Although some of the first important levels have been hit. They're not the major levels I'm looking for on this drop, not just yet.
Monthly close will be very important for trend direction in June
$btc
The next long, and the plan for our fifth win in a row
Now that I have reminded you of the high timeframe outlines, more specifically, my high timeframe outlines and ideas, and now that you have been reminded that a bearish stance has been right from 83k and down. But that a bearish stance is no longer correct imo i.e. is wrong here,
It's time to specify more and shift down one timeframe, the daily.
Usually some plan creation steps I skip, I just call the trade entry/exit, give my reasoning, and leave.
But with the last 4 trades being a perfect 4, for number 5 (at least start) make you think about how you will approach this very highly anticipated long we have been posting about very loudly and clearly.
Indeed, this time, I am not immediately giving you the spoon-fed exact moment I am long, at least, as of yet. I might in the future.
But I just want you to forget one trade in dozens I call out every month, and try to learn the lifechanging skill, of execution, with the plan already given just for this one.
Because I have drawn the plan out right in front of you, on a silver platter with max clarity.
β‘οΈMy bias is bullish
β‘οΈI am looking to long right here, right now
β‘οΈI am giving you the exact zone to long
β‘οΈI am giving you the exact targets I am looking at (keep in mind, estimates for now, I want liquidity pools to appear but this is where I expect them to form, but regardless, good baseline steps)
So I am giving you everything needed to make money. The only thing I have not given you, is the moment of when to press the button.
This plan, is fully functional, fully operational and can be created with simply my framework, my core edge and what I shared over the years. Invaluable to make money.
And, in reality, this plan is clearly detailed enough to simply long here already in theory: enter here, stoploss below the zone, targets shown.
And with a humble word of own NFA, if you just found out about me, therefore potentially have no long runners from below, have 0 long exposure, it wouldn't even be that bad. So let's use it as a baseline framework and take the trade that way.
But, for the trader looking for setups every week, we all know that pressing buttons is harder, draining, if not the hardest thing, let alone holding through it. That is why no one dares to show it (it exposes everyone immediately of how many of them probably can't trade profitably consistently).
Now a good plan and bias is mandatory because it's one you can be confident in, which already helps execution a lot.
But when executing like this, it still feels slightly in the direction of relying on good faith partly speaking, especially when you are a little nervous that day, fragile or with things on your mind for whatever reason.
And especially true with hundreds of thousands on the line. But frankly any capital significant to the beholder (higher risk, higher gain trades) has this effect.
That is why my own live executions I have been sharing on X, aren't just simply: "enter here SL there, target here".
They are refined institutional positioning strategies, dynamical SL selection and liquidity pool targeting with monitoring there after. To give the view behind the scenes. A little bit of extra effort, getting you a long way of more refined, comfortable trading, no matter the size. Exactly what institutions do.
It helps you position, take multiple entries properly. It helps you find accurate entries, and it even helps you find swing trade targets and follow through.
Today's order flow technology is strong. It is so strong that it can even help you trade and do it very well using nothing else. And many who can't use a classic systems rely on it on their own.
But the problem is that there is a lot of information overload. That's partly why refined execution is not mastered very widely nor is material available online.
Yet that is exactly the missing piece, of, after plan creation, executing this trade with less stress than just entering here, going to target, and with a defined SL and holding your breath for days on end.
Although, it still can be done. Why would you though. Some like it. I prefer refinement and surgical approach.
Don't let "just having this plan" in front of you stop you though. You know my record and accuracy, so you can use this plan as a strong baseline for the next trade idea I have in mind to (hopefully) secure the fifth W in a row.
But I would be bluffing if I said I won't try to refine execution while looking at this, so that L's still turn into BE's, and BE's still turn into W's, boosting your overall win rate and consistency in tricky bear phases, even more so in straightforward bull phases.
So let's see, no matter which way you choose to approach it, whether you turn this into a W or not, and how much stumbling happened along the way.
This test will be invaluable feedback for your own skill. Maybe you are closer than you think.
@AltstreetBet If we do go below 60 again, it would be fairly strange for the bottom to be in so soon. As it's not even near Q3 yet.
So perhaps a sweep of the low could cause a nice bounce? But not the final bottom just yet. What's your take?
@AltstreetBet To me it looks like the 5 wave down ended on that wick, next to the one where you put it
But a higher low instead of taking the liquidity
I was also thinking this is 5 waves up, not sure about how strong support is around 65-72 tho. Reaction should be telling enough.