This price action just before a long weekend feels like the best R:R over the next few days is going to be taking some time away from the charts and enjoying the weekend 🫡
Very simple analysis - you only need two lines on your chart for now.
- $106,100 - $99,100
Given the significance of previous interactions with $106.1k, I'd like to continue to see that level defended on retests.
IF the above level fails the next area of interest is $99.1k for the same reason.
These are the levels I have to work with until there is a fresh consolidation period on the daily.
On LTF, I'm looking for this pattern over and over again. It doesn't matter if you miss a leg higher. Just look for the h1 consolidation periods and BTFD until it doesn't work anymore.
Bitcoin has just v-reversed ANOTHER rejection at a massive level while there’s a $1B long position open with a public liquidation price. You continue to not be bullish enough, anon.
This is buy pressure at ATHs that we have never seen before.
Have you ever been so underwater on an overleveraged position that you just start PRAYING for price to retest your entry? You promise yourself that you’ll close if you get the retest.
Obviously you don’t close when it happens. You’re even in profit for a few hours. You end up holding just to get liquidated a few hours later.
Absolute classic. We’ve all been there more than we’d like to admit.