Reason for trade:
•Bearish 4H OB
•Weekend lows sweep
•SFP
•1D FVG turned into IFVG meaning that price is gonna run liquidity next, which is at 1.104, which gives us a clear bearish bias.
Execution:
•Entry: Bearish 4H OB
•Exit: 1D Swing lows
•Invalidation: Above the SFP
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Keep in mind that again this weekend, the Spot #Bitcoin ETFs will not be trading.
The buying pressure we've had throughout this whole week will disappear.
Volatility will be a lot lower.
@hoss_crypto Die Leute verbringen wieder Stunden mit Binge-Watching der Bitcoin Charts mit 2 Minuten Kerzen.
Dopaminflashs kreuzen sich mit Selbstmordgedanken.
Zoom out.
1. Stellt die Charts auf Wochen- oder Monatskerzen ein.
2. Geht raus, geniesst das Leben
3. Alles wird gut.
I will not short #Bitcoin immediately after touching $43,300.
As explained in today's video, I want to see a reaction from that level first.
I want to see a rejection, followed by consolidation, funding rates spike positive, liquidity building up on the downside and people flipping overly bullish.
When that happens, I will short.
If this does not happen, I will not short.
Simple.