RDJ

[RDJ @rdjonge]

$BTC Update

Thesis was good, it got triggered but also took profits to early. Today on friday it pump hard from the lows to squeeze out shorts but even though I don't find orderflow that helpfull, now you can clearly see that orderflow sold on the entire way up. Giving that it pumped on a friday and that weekend is approaching makes me pretty confident that this entire pump will retrace again and that it will give that godcandle on monday.

In orderflow you can see pretty clearly that perps went up, spot was selling pretty hard, open interest went red (shorts closing) and funding rate was overall stable.

In Velo you see a massive 4k BTC wall sitting right at 63.8k level but I think that it acts as a bait to pile in more longs, holding up price a little higher, maybe sweeping the friday high and then retrace the whole move.

Looking at price action, thursday it finished the distribution to then make a slow bleed to the downside. Friday it took out that CPI candle, made a MSS to then squeeze out those same shorts. Now we are again higher up in the range and seeing signs of distribution again...

Depending on the close today and how price actions forms on saterday I am going to look for a possible short tomorrow.

[RDJ @rdjonge]

@marktradewinst Waar hij steeds mee komt wel in ieder geval lol

[RDJ @rdjonge]

Could you please make a function where you can put your own posts in different categories so that it is much easier (in my opinion) to search for only the specific content you want and don't have to navigate between tens or hundreds of over posts in his feed that doesn't have your interest.

For example, if I would be subbed to someone who posts a lot about nature, trades and football, there is currently no function (correct me if I'm wrong) where I can easily filter on all of his posts. If I only wanted to see the posts he made about football (he should then of course flag or put that post into that specific category), it would be much easier for me to navigate through his (sub) feed.

This is just a simple AI generated example since I'm no real designer.

[RDJ @rdjonge]

@AhmedGoubantini @Benjaminzw7v1 @ive_m5 great analysis

[RDJ @rdjonge]

@AhmedGoubantini @Benjaminzw7v1 @ive_m5 They can do an appeal to the Nasdaq in order to give them more time to deliver the 20-F. The next date would then be, I believe to be around mid november.

[RDJ @rdjonge]

@ZynxBTC Well said

[RDJ @rdjonge]

@Snipezhq Interesting approach, definitely taking note. Thanks for helping along, appreciate it very much!

[RDJ @rdjonge]

@Snipezhq Yeah agree, any pullback will probably be minimal and short lived.

[RDJ @rdjonge]

@Snipezhq Looking at it again from the 10m timeframe and I think I already missed the desired 'pullback'...

3 Sweeps, BOS, OB Tap, 0.618 FIB...

[RDJ @rdjonge]

It made that MSS and is about to trigger those stop losses above there, and if it comes back I'm looking for a possible entry but I find it hard to determine an ideal level or block.

If I may ask you, which blocks combined with maybe other confluences that you use would you mark for a possible entry?

[RDJ @rdjonge]

Both scenarios are pretty valid but for me the timing is off here. Would rather see a possible monday low or high forming. For the MSS shift I don't like the structure as of now. Either it forms a better structure with more price action or I'm going to wait for price action to dry up in the weekend, build liquidity and then maybe take a trade...

I don't trust a friday pump to be fair...

What do you think?

[RDJ @rdjonge]

@Benjaminzw7v1 @ive_m5 Interesting

[RDJ @rdjonge]

Exited the trade already at that quick pump, when I rethought about it, I still don't trust friday and the weekends so I am going to wait for more price action to make a clear bottom formation.

[RDJ @rdjonge]

$BTC

I was aiming for lower and fixated at that monday low but when I look at that again, it wouldn't make sense to go that deep.

Because above that monday low is that bullish engulfing candle and since we are still in an overall uptrend, it's more likely than not that it doesn't get swept (low: 62.25k).

The current level aligns pretty well with a lot of confluences. The first one are the FIB levels, it aligns closely with the 0.5 from SL to SH, 0.382 from SL to RH and 0.786 from the internal RL to RH. It sits right at POC. Bojan candle forming on the 4H, sitting at a 4H OB.

Besides all these confluences, the favor is definitely in longs here compared to shorts so I entered even though it doesn't have a nice clear bottom base formation. The only thing that doesn't really align here is that it then would pump on a friday...

[RDJ @rdjonge]

$BTC Analysis

There were signs of distribution at the sweep of 65.6k which aligns perfectly with the 0.786 FIB and strong supply. I sadly pingponged with my analysis there, therefore messed up my trades. Should have just went with my initial one, which was the most obvious one...

Currently btc gives choppy price action here but I think down is still the most likely. Weekend is also coming which makes me think that if btc is going to give a strong break to the upside, that it is mostly going to be on monday and that it will continue building liquidity all the way till sunday.

MTF Bias is still the same and bullish till that 70 -71k area.

[RDJ @rdjonge]

@JordiCharts No worries bro, have a nice weekend!

[RDJ @rdjonge]

@astronomer_zero Thinking the same, building liquidity till sunday and then monday, boom https://t.co/e5gpRFoHfD

[RDJ @rdjonge]

$BTC Analysis

There were signs of distribution at the sweep of 65.6k which aligns perfectly with the 0.786 FIB and strong supply. I sadly pingponged with my analysis there, therefore messed up my trades. Should have just went with my initial one, which was the most obvious one...

Currently btc gives choppy price action here but I think down is still the most likely. Weekend is also coming which makes me think that if btc is going to give a strong break to the upside, that it is mostly going to be on monday and that it will continue building liquidity all the way till sunday.

MTF Bias is still the same and bullish till that 70 -71k area.

[RDJ @rdjonge]

@Snipezhq This is a probability that I'm watching myself, what do you think about this?
https://t.co/e5gpRFoHfD

[RDJ @rdjonge]

$BTC Analysis

There were signs of distribution at the sweep of 65.6k which aligns perfectly with the 0.786 FIB and strong supply. I sadly pingponged with my analysis there, therefore messed up my trades. Should have just went with my initial one, which was the most obvious one...

Currently btc gives choppy price action here but I think down is still the most likely. Weekend is also coming which makes me think that if btc is going to give a strong break to the upside, that it is mostly going to be on monday and that it will continue building liquidity all the way till sunday.

MTF Bias is still the same and bullish till that 70 -71k area.

[RDJ @rdjonge]

@SteveUrkelDude Imagine if the bear really comes out of his hibernation. X Would be be unbearable.