Once we reach 75k and we hold the next weekly support, I will close my shorts and then my daily bias goes back to bullish most likely, aligned with my overall htf weekly bias.
Most people still don't understand that you can short the local move while preparing for a massive higher timeframe expansion later.
75k continues to look like the magnet. That’s where panic likely peaks. That’s where weak hands disappear. And that’s where the real long setup may finally appear.
Below 80k–81k, pressure remains downward. But once the market finishes the flush, the reversal could be violent.
Sub 80.6k reached ✅ Added here as promised. Can we get 3 wins in a row?
Alright, per our long plan, we said we wanted to get a starting size going, for the reasons of farming some funding as the shorts pay us and not miss out on the move at the same time.
It also locks in the mindset of positioning. Whenever you are late for a trade, and are waiting for a retrace, the common psychology and habit is to not enter once the trade actually retraces and so we also want to avoid that.
Miss it once, is okay, miss it twice, not okay.
Now that we reached sub 80.6k, I would add more to that position.
It wouldn't be me if I didn't live up to a promise. We hit my local support line are reacting to it cleanly, ewhicvh is a great confirmation locally to verify bullish sensitivity.
A few more factors are at play. So now that we're here, actions are taken. Meanwhile, order flow continues to be bearish as well. That's what we want to see.
On the high timeframes, spot premium is still active and we still are keeping the right signatures to support he long term trend, meaning, new highs coming, once again.
This is the trend (zoom out on the daily) we have been playing many, many longs upon, and this is just another one on the chain.
Not one to nail with a perfect entry, that was per long plan Yesterday, but just one to ride up further.
Some more context why I am longing so aggressively here:
Clear flip in sentiment locally whilst my system tells us this leg is not done yet.
OI still high, both on coin margined and stable margined, most people are short, whilst whales are pushing stables margined CVD.
Some CVD divs which in pumps like these are usually traps before a move into new highs.
Funding rates also negative, meaning shorts are paying us to hold our starter long position as well while we wait for price to head below 80.6k to position fully. #writetoearn #Write2Earn! #Write2Earn $BTC
Sub 80.6k reached ✅ Added here as promised. Can we get 3 wins in a row?
Alright, per our long plan, we said we wanted to get a starting size going, for the reasons of farming some funding as the shorts pay us and not miss out on the move at the same time.
It also locks in the mindset of positioning. Whenever you are late for a trade, and are waiting for a retrace, the common psychology and habit is to not enter once the trade actually retraces and so we also want to avoid that.
Miss it once, is okay, miss it twice, not okay.
Now that we reached sub 80.6k, I would add more to that position.
It wouldn't be me if I didn't live up to a promise. We hit my local support line are reacting to it cleanly, ewhicvh is a great confirmation locally to verify bullish sensitivity.
A few more factors are at play. So now that we're here, actions are taken. Meanwhile, order flow continues to be bearish as well. That's what we want to see.
On the high timeframes, spot premium is still active and we still are keeping the right signatures to support he long term trend, meaning, new highs coming, once again.
This is the trend (zoom out on the daily) we have been playing many, many longs upon, and this is just another one on the chain.
Not one to nail with a perfect entry, that was per long plan Yesterday, but just one to ride up further.
Just to update you on the idea of why I was cautious on $ETH on this last pump, unless we crossed 2450 on the last pump (on a wick basis, i.e. undubiously which is very key when mapping reclaim levels).
We didn't so our idea of a drop played out, which also meant $BTC would drop, framing our short idea from 82.3k.
So while I don't make many posts about $ETH continuously, I always track and chart it to spot levels, manipulation and relative movement with $BTC, as it helped find the 82.3k short entry. #writetoearn #Write2Earn #Write2Earn
Now looking to long again around 80.75k if price gives the retest.
Weekly structure still looks strong and the weekly POI continues to hold well. Bias remains bullish overall unless we lose the key reclaim zone with acceptance below.
Main plan: • Long entry: 80.75k area • Target: 85k • Local invalidation below the reclaim/bias zone
Not looking to overcomplicate it. Just following the same flow: short highs into resistance, long pullbacks into support.
Weekly POI did its job. Clean bounce straight into the 81k resistance zone. If you longed the lows, this is where taking profits makes sense. Chasing longs up here after a 1k+ move is risky unless 81k gets reclaimed cleanly. For now: POI held = bullish sign 81k still key resistance Rejection there could bring shorts back into play Good reaction. Now we watch if bulls can actually sustain it above bias level. #writetoearn #Write2Earn $BTC