Edward Morra
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[Trading journal and research]

Only my original content since 2017
-Not financial advice. DYOR!-
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$BTC

[ Macro analysis. Weekly chart ]

To be honest - I don’t see much resistance left on a weekly chart. If you are in spot from lower - no need to worry about anything, markets will experience corrections along the way but it’s healthy, you should focus on adding on corrections/pullbacks.

There is a technical supply zone around $63,3k - 65,5k, we might see some reaction there. Also, I expect some volatility around ATH level but ultimately we going much higher.

As for the worst case scenario, we have to consider a deeper correction into $44k and lower zone (around -20% from current prices). This will be a perfect area to add to longs.

I will post a zoomed in chart next to see daily and 4h levels. For now, everything going according to the plan. I have been bullish ever since I came back in November of the last year and been posting buy setups and calls. If you somehow not making money/shorting - you should seriously reconsider who you follow/listen or better yet - start making your own decisions and take your own responsibility.

https://www.tradingview.com/x/4hLrWlZU/
Edward Morra
$DYDX Added to my longs below on the flush. Reclaim this and its ready to get send! https://www.tradingview.com/x/XkNl6iau/
$DYDX
First target reached
Originally called and filled in both blue boxes, still holding the positions (spot + perps)

Full thread here: https://x.com/edwardmorra_btc/status/1732703520896242080?s=20
In 2020 when we tried to break previous ATH, we had some volatile chop (swings 10 to 15%) right before ATH price. It lasted for like around 2 weeks.

Could be something we may see now although I think it will be faster. With ETF inflows (main difference compared to 2020) the chop won’t be as volatile and long, BTC market is maturing. Altcoins on the other hand still remain as volatile (as we saw last night many alts nuked -20%+)

https://www.tradingview.com/x/32otpepu/
Edward Morra
In 2020 when we tried to break previous ATH, we had some volatile chop (swings 10 to 15%) right before ATH price. It lasted for like around 2 weeks. Could be something we may see now although I think it will be faster. With ETF inflows (main difference compared…
[ Update ]

Price action somewhat similar to what we had in 2020 pre ATH breakout.

Volatility swings of 15% as expected. I'm assuming the more time we spend under ATH - the more violent the acceleration phase will be once we break it (inevitable) for real. Hunt for dip entries!

https://www.tradingview.com/x/HHt0kjfy/
Big deleverage of the market.

Open interest cleared up + funding reset gone down significantly. This is generally a healthy sign in a bull market. Excessive leverage should be wiped periodically

Websites used:
1) https://coinalyze.net/bitcoin/open-interest/
2) https://www.coinglass.com/FundingRate
$AVAX
Increased my spot position on this dip.

Intermediate target is $60 but ultimately this goes higher.
I think AVAX ecosystem will have another explosion like it did in December.

https://www.tradingview.com/x/gTvNd0ko/
$JOE

Added more to my $JOE bag.
Leading dex on avax + they have been sharing fee revenue since forever. Massively mispriced imo
$ETH

https://x.com/edwardmorra_btc/status/1765291356036174212?s=20

🔹Join me here to trade your way to bull market Valhalla ($5000 in bonuses and fee discounts)
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👨‍💻If you reading me here - you should absolutely follow me on twitter too!

▫️For quick calls such as $AI yesterday right before it pumped +30% overnight
https://x.com/edwardmorra_btc/status/1765637272681255208?s=20

▫️Or this monster call on $FET that went +300%+
https://x.com/edwardmorra_btc/status/1765641988018483491?s=20