See how the short sellers are coming in and start building shorts.

They are placing their Stop Loss around 66000 - 66700.

Like i mentioned, i will TP long at 65.5 and plan for short. Already took 25% and BE set. but for now, i would like to hold on to it at least til US open and see where can we go.

If you are overexposed, or your margin too high, can take a little more profit.

BTC update:

Ok. BTC is now currently retesting 4hr GZ.

I have been waiting for this zone to reenter my longs.

Sadly, we TP the short too early. But is okay. A win is still a win.

Will probably add longs soon depending on candle performances.

Will update more.

BTC Update:

The reason we take 25% TP is because its currently at Trendline (TL). Should the TL works , we can see another leg down.

But for now, i only see TL as the main bearish sentiment. Everything else is either neutral or bullish.

So, take 25% is the correct way.

Good morning.

BTC Update:

Ok the price is more or less similar to when we did our last Partial TP yesterday morning.

On 6 hours looks like we broken TL. So until the price reaches the GZ above again or go lower only i will decide whether to PTP again or Add more longs.

For now, the structure remains bullish with no LOWER LOWs.

We need to see higher highs soon in 4 hours to further strengthen our longs. Or else, we will just short at GZ.

sorry i been running errands.

BTC update:

1) Like i mentioned yesterday, the structure is still bullish. and right now it remains the same at 4hrs.

2) currently price is retesting TL ( which it broke out around sunday- monday)

3) price went to GZ above last night, but i didnt short. (refer to volume profile which i circle ; there isnt any significant sell/short volume for me to short, which is why i didnt.)

4) overall, i think this is a mini correction, and i might add on to longs for ETH AND BTC later today, depending on candle performance.

BTC UPDATE:

1) notice a break out on TL1 last friday, went to GZ immediately came down. we didnt take full profit of the longs last week (due to it being still in bullish structure

2) came down to TL2 , i did a small long and we got stoploss.

3) since then its just weakness all the way with price retest bottom of TL2, and then we short and took profit just now.
This is also when the structure changed from bull to bear immediately (again, this is crypto, structure can change whenever they want)

4) with that being said. i think the cycle bottom is near. my personal target has been 55k all the while. and now its broken under 60k.

5) i think we will have months of weakness, with every single attempt to build bull scenarios will be faced with heavy selling.
Whether its from near terms holders, or bear futures.

6) be very careful for futures. NOW SPOT is actually more interesting than futures.

PS: i mapped out what i think will happen in near term. so lets see.

This is good

BTC UPDATE.

What a pump overnight to 0.786 fib and EMA 200 on 4 hour.

I have been waiting for this level, which is why we set limit short for btc. and a huge one.


We should see a retrace to 60k ish with bear still keeping in control.

Unless it decides to go over previous high at around 64k, which will mean it takes our BE and continue bull scenario.

But with RSI being overbought , it ought to take a breather and come down a lil bit before continuing.