I trade BTC for a living

$BTC
Joined June 2023
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$BTC Spot led, perps followed. Binance bought for 5 hours before this move to 83k. Same pattern as the 81k ➜ 87k run. Still waiting for lower?
$BTC EXCHANGES KEEP BUYING!!! Coinbase specifically, is buying huge amounts of BTC spot. Looks like they are positioning for a BIG MOVE...
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Replying to @bruno_block_fin
Both. Averaged in at 80.8k xitter.cf/CacheTrading/status/21…
$BTC Added to position Support held this weekend. Falling wedge pressing the upper trendline. Added (yesterday): $81k New average: $80.8k Invalidation: unchanged, 1d close below 80k Targets: 85k (strength = hold) ➜ 87–90k+
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Replying to @CyberIQblog
It's a continuation because there are multiple confirming factors present. I detail these in my daily analysis on YT.
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$BTC - Hidden bullish divergence Near 87k, price made higher highs while RSI made lower highs. That bearish divergence was the warning, and why I took a short up there. Now the opposite: price put in a higher low (~80k vs ~75k in Sept) while RSI made a lower low. Hidden bullish divergence, sitting right on the daily 50 SMA. The crowd that was euphoric at 87k is now bearish at 81k. 80–82k is my floor. I’m accumulating here, not positioning for a breakdown. Targets: 85k ➜ 87–90k+ If 87-90k breaks, 94k is the HTF target Invalidation: 1d close below 80k
$BTC Separate short from earlier. That closed at break even. New short: scaling into ~86-89k. Why: double top into resistance, weekly liquidation swept, delta stretched. Invalidation: acceptance above 89k. Target: 79-83k range (developing). HTF unchanged.
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$BTC Added to position Support held this weekend. Falling wedge pressing the upper trendline. Added (yesterday): $81k New average: $80.8k Invalidation: unchanged, 1d close below 80k Targets: 85k (strength = hold) ➜ 87–90k+
$BTC Added to position Added: $80.2k New average: $80.8k Invalidation: unchanged, 1d close below 80k Targets: 85k (strength = hold) ➜ 87–90k+
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$BTC The crowd wants low 70s. The chart disagrees. In bull markets, price rarely gives the perfect retest. Most sidelined buyers are waiting for a pullback that may never come. Range low already swept to 79.7k, and the daily closed right back inside. That’s a bottoming process, not a breakdown. My trade invalidates on a daily close below 80k. On the HTF, 77k is the absolute worst case. Max pain is higher, not lower. 90k into Nov/Dec.
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Replying to @mvtinl
Would be nice to have a volatile weekend for a change. Sideways / slow bleeds are boring.
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Replying to @DKhan9649
Absolutely correct, most traps start this way. While 77-80k is still possible, it's less likely based on the macro signs pointing higher.
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$BTC Like clockwork Range low swept, shorts are loading up FVG at 83.5-85k is next Then the highs
$BTC First the market made longs comfortable, then swept the lows. Now it’s making shorts comfortable under the highs. Same playbook, in reverse. 87-90k next.
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$BTC A lot of noise this week Structure hasn't changed Above 80k, I’m buying dips 85k ➜ 87–90k+
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Replying to @mvtinl
Sounds like you're prospering my friend. No need to lose your mind over that kind of gain. Traditional market traders would be jealous!
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Replying to @mvtinl
Don't take it personal, it screws most people over. That's how its designed. May I recommend you lower your position sizing / leverage so it feels less painful?
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Replying to @mvtinl
That's a very good question. PA is flat right now. Feels off to me.
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$BTC Falling wedge tightening A dip into 81.5k is fine Hold it today ➜ green weekend
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$BTC Dips into support are for building Rips into resistance are for trimming 80k is the line 85k is the first test
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$BTC Added to position Added: $80.2k New average: $80.8k Invalidation: unchanged, 1d close below 80k Targets: 85k (strength = hold) ➜ 87–90k+
$BTC Trade Update Average fill: $81,346 Weekly structure still intact Invalidation: unchanged, 1d close below 80k Targets: 85k (strength = hold) ➜ 87–90k+
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$BTC The big move up never retested the daily 50 SMA. Until now. BTC usually ranges close to the 50 SMA before moving higher, and so far it’s holding as support. Expecting continuation.
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$BTC First the market made longs comfortable, then swept the lows. Now it’s making shorts comfortable under the highs. Same playbook, in reverse. 87-90k next.
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