Combat Picks
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Price action, Educational content regarding trading & Crypto News

NFA.

Twitter: https://twitter.com/Cos_CombatPicks
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This is how we do it 🎯
$BRD SPOT

ENTRY: 312-349 LADDER ORDERS
TARGETS: 361-398-467-488-678-734
Bitcoin Update πŸ“ˆ

Bitcoin pumped by 18% πŸ‘€ No wonder so many liquidated shorts everywhere. So what do we have now?

* Stocks - closed Friday with bullish bounce. Good for a start but doesn't yet nothing super bullish.
* DXY - finished breakout impulse and will be pulling back for re-test of ~93.5 SR.
* Bitcoin - pumped on first signs of DXY weakness and outperformed stocks on that move breaking visual correlation. While weekend crypto can do magic and even pump higher. Next LH at 48850 - if BTC get above will head higher.

Also expect pullback to 44800-46100 at some point. Will happen in any case, the only question is when.

πŸ”΄ 48850 - 49039 - 51633
🟒 47000 - 46100 - 44900

😱Fear & Greed: 54 <= 27 <= 20
$BTC started to drop before Asia session opens and we were ready with a nice short on $CHR
Not opening new leverage positions at current market prices, just laddering orders down. Everyone is euphoric and bullish but a correction may come.
I am not saying we will dump from here, just that the risk to reward is not worth it and you better wait for the best setups.
Combat Picks
https://twitter.com/Cos_CombatPicks/status/1444691153413103617?s=20
Seems I was wrong πŸ€·πŸ»β€β™‚οΈ Welcome October
MARKET UPDATE

With Bitcoin seasonality being once of the strongest correlation indicators around, and September closing with an overall -7%, we can expect October to be one of the strongest months of not only the year, but of this entire market cycle.

Each Bitcoin market cycle lasts on average 3-4 years, meaning we could be about to enter the final months of this cycle, with BTC highs potentially reaching as high as 6 figures.
$SXP LONG 2-3X - longer term swing position, DCA
RISK: 2%

ENTRY: 2.348 - 2.317 - 2.242 - 2.210
TARGETS: 2.57 - 2.9 - 3.5 - 4.2 - open
SL: 2.051 (daily close below)
Hong Kong Monetary Authority, Technical Whitepaper on Retail Central Bank Digital Currency - https://www.hkma.gov.hk/eng/news-and-media/press-releases/2021/10/20211004-3
If we manage to hold the 4h Breaker (β‰ˆ2.14) we can see a reversal from $ADA.
$BTC volatility today is crazy. Market makers are taking all retail traders money πŸ˜’
Hope you are safe.
Let a Monday range to be formed and we will see what this week has prepared for us.