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

Price action suggesting no continued bull trap and continuation into rape village.

Cut.

Price action showing sell model and btc looks ready to puke again without giving another bull trap

Trying long here after sweeping the local low - target the highs

Lot of this will depend on CPI tomorrow.

Hype

Looking more likely

Swept first local low

Faked resistance at next cluster of highs

Came back, swept the internal low

Price should be targeting the 68k area to take out all the shorts there and not let them sit in Profit.

Price also in large discount of local range

Could expect 73k area to rebalance before continuing lower

Markets tend to like balance - that move has had no counter move for a huge range (no balance)