$BTC
Higher Time Frame
Having shorted this move from the 125s, I personally see little value in continuing to press swing shorts at these levels.
My focus has shifted back toward spot accumulation, where I believe the more attractive asymmetric play lies in identifying high-quality buying opportunities for the longer-term move over the next several quarters.
Today's episode of @AlphaBetaSoup_ is about Bitcoin and what I'm looking for in trade setups and assessing when/where the low of the bear might be. YT link in the tweet below. Subscribe to my channel!
Enjoy. Cheers, my friends 🙏
It’s more out of curiosity regarding some of the terminology I see circulating on YouTube these days, especially with so many ICT-style traders around.
Nothing against it, if it works for them, that’s all that matters tbh.
Just that I find a greater level of granularity with volume / market profiles and dom/ladder which isnt evident on a candlestick chart.
Pinged a query into chatgpt and below is a short summary.
$BTC
60.5 - 61.3 the zone that needs to hold imo
Previous weeks vvwap - 60.5s
Monthly developing vwap 61.3
Acceptance through those - brings July lows into play...
Remaining short from 63s having closed longs on Sunday into the 2024 poc which I spoke about in the previous tweets...
Will contemplate longs if it sets up in due course just not sure where or how yet
$BTC
60.5 - 61.3 the zone that needs to hold imo
Previous weeks vvwap - 60.5s
Monthly developing vwap 61.3
Acceptance through those - brings July lows into play...
Remaining short from 63s having closed longs on Sunday into the 2024 poc which I spoke about in the previous tweets...
Will contemplate longs if it sets up in due course just not sure where or how yet
@cryptictrader90 Im looking for a couple of good trading setups a week
Long or short - I dont really subscribe to the notion or bullish or bearish..
July stats have been historically good - and so hence once again if the setup develops I will long...
Thats all there is to it really - be fluid