Hype shorts nearing TP.

Stops to BE by now for sure no need to keep risk on here.

(Trend lines are hunted liquidity)

Cut loss. No more knife catching attempts when bitcoins destined for sub $40k 🫡

Can leave runners if you want - would keep stops break even though and remove risk if you do

HYPE is strong and if we get another bull trap on btc I could see it running new highs.

Expecting another bull trap here

Bitcoin to 74k, or so.

I would imagine the timeline all starts calling for bottom (again) and they sucker everyone in

Kinda why it’s called a bull trap…

Cannot confidently even mention the word “bottom” until 50k levels are taken out

Just look at the % draw down from ATHs every cycle.

It’s always well over 80%

Is it going to be any different this time?

I don’t think so. No.

Take full profits on hype.

New ATH likely loading

Long hype

There’s a chance this sweeps the low at 54 - we’d long it again if that’s the case

Would think wise to keep some powder for a second long if that happens

Remember with trading - say you’re risking 1 to make 3..

You only need to win THREE out of 10 trades, to make money over time

It’s not about having a crystal ball it’s about being the House.

A 40% win rate with an average risk reward of 1:3 is extremely profitable

Something to keep in mind.

Markets and charts get a lot clearer when you see "support" and "resistance" levels as pools of liquidity to accumulate or distribute into

See it?

Can trim a tad at $66

Would leave most, strongly looks like it wants the highs

Btc short term bull target $68k

Might be too optimistic. Let’s see.

Overall we are macro bearish until minimum sub 50s.

Probably sub 40s

Daily close under 61.5k btc strongly suggests no bull trap and continued nukage.

Let’s see how today closes