$btc shorts
Finally, an update on the shorts since price moves further in their favour and it's our most important trade of the week (caught at extremities)
Setting some limits (15% cut of the position).
The rest is for 75k (no limits yet).
I need some rest since it was a long day/week of trading and flying, but limits should do the job for overnight.
Enjoy.
@chellgod he saved tampa's ass all series, if it wasn't for him the habs would've already swept tampa. I wouln't be complaining all that much about this missed save if I was a tampa fan lol
$BTC
The slow reversal in progress, my further comments.
When prices are "trending" down, people, other influencers, and maybe even your own mind keep telling you to "wait", "sell" or worse, "short", or my favorite "wait for the trend to shift", while, when it all comes to show, the "shifting trend" never gives a proper entry, or makes you buy the exact local high, tricking you.
If waiting for a trend shift was only that straightforward...
Market makers and whales operate the exact opposite: they buy the tail ends of down trending price and sell back on the way up and vice versa, with extra dense orders and capital placement during a slow reversal, which is what I believe this is as our main thesis explained in the series of the most recent posts.
They are tricky, but the easiest way to manage them is to snipe local lows very deliberately at optimal times (so far, Monday after the "weekend of our wait" and the second entry so far, on Monday's close).
As I am showcasing here, a loose passive trade management fits perfectly in a slow reversal. Slow reversals are less common, and so this type of trade management should be used occasionally. But if it comes, it's very vital.
Just look around. They're all telling you to wait, or telling you the bear market is here, the (stock) market is "crashing" while I am buying slowly but surely, until I will add the final bits aggressively after the low is confirmed.
I could be wrong with this play, and I'm happy to be so and I will take the right action when so. But for now, price is running its course.
And mind you, this is not the same as "keep calling the low until you are right".
Because my target is 112k at least, which is far far above any entry I took long.
Long term followers know, only influencers care about being right. Traders care about making money.
That's our aim here, during this slow reversal, and with the presented trade strategy.
@Brunazzooo@alphawifhat@RemindMe_OfThis BTC did do a 8x +, alts on the other side are all dead. The only part i’m not too sure about is how there could be a top if everyone’s calling for it🤨. We’ll just have to see I guess.
Remember guys...
$100k - $102k is the 1W 50SMA, which has been the bull market support SMA since $20k.
Shared all this yesterday in detail.
Right now, somehow, we still have some people 50x leveraging themselves for longs, with a nice liq cluster at $104k.
I know its not what any holder wants to hear, but very likely we take that out.
If you only remember one thing today let it be this.
The market always feels the worst right before it reverses.
The last two times we hit the 1W 50SMA was in:
April 2025 - $74k
August 2024 - $49k
Both times, sentiment was absolutely fried, just like it is now.
And then each time, it reversed hard after tagging that level.
Until we lose the 1W 50SMA, we are simply in a very healthy correction that has a high likelihood of expansion again next.
The reason everyone fails so badly in this game is that they get max bearish right at key support, and max bullish right at key resistance.
You must be able to understand the emotional peaks and observe the data, so you do not make the wrong decisions at the wrong moment.
You either sell at or near the top, or you sell on invalidation of key levels.
You don't sell after a large correction, right at key levels that have the highest chance of a strong reversal.
After the strength we've seen, I don't mind being wrong on thinking it was a trap. Looking for a higher low to buy $BTC spot for hopefully the next bullrun. Anything below 21.5 k, I'll take as value.
@Ballinonpennies Great question.
I simply think $BTC continues towards 7 figures.
And I think altcoin adoption increases cycle after cycle, with lower highs in %BTC.D each and every cycle. Just like this one, topping at 65% IMO.