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Vivian Tan retweeted
This is not a bad chart, at all.
Perhaps there will be a lot of doom coming in tomorrow on the markets (which if that's the expectation, most likely it won't).
However, looking at higher timeframes for #Bitcoin, it has swept the lows and is starting to show a lot stronger.
I think that we're more likely to break upwards than downwards.
Vivian Tan retweeted
Bitcoin has now closed another weekly candle above $83,000.
That’s a good sign for the bulls.
BTC has spent weeks fighting around this area, so continuing to hold above $83K keeps the short-term structure looking constructive.
The next levels I’m watching are $85K and then $87K.
If Bitcoin can break and hold above $87K, I think the market starts looking a lot more bullish again.
Vivian Tan retweeted
#BTC:
I am adding orders to buy more BTC spot in the 72-76k region for the first time since I bought the bottom at 60-64k.
The 80-82k support is being tested as we speak, and if it doesn't hold, there's room to test the lows of the previous 74-82k range, which is exactly why I am placing spot orders in that region.
The Bitcoin bottom is in at 57k and we bought at 60-64k. We are in a strong bull market and 72-76k is the lowest I see Bitcoin going to. I am not selling one single coin and I am prepared to buy more!
Join Syndicate for more: mrofwallstreet.com
Building positions in batches and managing them in tiers are crucial risk control methods in trading
$BTC:
No Sunday Report today as nothing changed from last Week. I’m placing multiple short orders between $86,500 and $89,500, a range of roughly 3.5%. What many don’t understand is that I’m building one position across several entries. For example, a $10,000 allocation can be split into five $2,000 orders at $86,500, $87,000, $88,000, $88,500 and. $89,500. If all five orders fill, the total is $10,000 with an average entry of approximately $87,887
The short leverage I use is a very simple x2 leverage, more than enough to profit on the way down, and back on the way up due to the existing spot positions.
This is what building a short position means. I don’t need to guess the exact top and commit everything at one price. I spread my limit orders across the area where I consider to be a distribution phase. That’s exactly what I’m doing right now. My exact order levels and position updates are shared exclusively in DrProfitCrypto.com and will be shared in the next days.
THIS IS NO FINANCIAL ADVICE AND EDUCATIONAL CONTENT ONLY
Vivian Tan retweeted
$BTC now has 2 MONTHLY blue diamonds.
Last 2 times Bitcoin got a monthly BD:
2020 ~ flew from $9K to $69K
2023 ~ ran from $23K to $125K
2026 ~ wants $200K to $300K IMO
Don't forget about $IBIT and $ASST.
$ZCSH $CYPH $NRR $ETH too.
We've been waiting for this all year.
I'm DCAing everyday in Q4... 🔷🫡
