Alright. Plan pretty clear last post, to expect new lows, to expect them soon, and to not trust the POI everyone was talking about, because we see new lows.
We are now just holding these two shorts as part of our masterplan to reach and TP 75k. Reminding you I am not closing both trades fully at our big target level.
All on the plan and premise of a trap forming. And, I don't think I need to say any further words, the charts saids all.
Of how the "late short" turned into a big short (now up 4.29 RR). Of how the long to catch the trap, was indeed a trap. And how my long awaited level I talked about last post (scroll down 1 post) is coming closer and closer.
And finally, how all trades have been delivered on a silver platter.
What I call a pleasant week.
Last TP at 75k of this short, as well as starting to unravel the big short from 82.3k.
75k still calling. Local bounce zones keep getting sold into, liquidity below remains unfinished.
We already hit the first downside targets and now the market is entering the dangerous phase: fake recoveries, trapped longs, and volatility spikes before continuation.
Main idea remains the same: • Rejections below key MA levels • Weak recovery structure on lower timeframes • 75k magnet still active • Bigger target sitting lower near 74k liquidity
Patience > emotions here. No need to force longs into resistance while downside pressure remains intact.
The flush into 65k delivered exactly what the market needed: panic, long liquidations, and forced selling. Since then, price has stopped trending aggressively down and started building a base around the level we’ve been watching for weeks.
Important detail: This is still not confirmed bullish structure.
As long as BTC remains below key reclaim levels, this rebound can still be nothing more than a corrective bounce before continuation lower.
But if buyers keep defending this zone and shorts become overcrowded, a squeeze back into higher liquidity is very possible.
65k was the level of interest. Now we watch the reaction.
78k reached. Profits taken. Now comes the important part.
The real trap isn’t the bounce itself. The trap is convincing everyone that the trend fully reversed.
As long as BTC remains below 80.5k–81k, I’m still viewing this as a local relief rally inside a broader daily bearish structure.
Watching closely for rejection around high 78k / 79k liquidity. If momentum slows and order flow weakens there, I’ll rotate back into shorts targeting the 75k region.
The higher we squeeze into resistance without reclaiming HTF levels, the better the short becomes imo.
Earlier the plan was still to look for longs as long as 81k held. Now that price lost the hedge/bias level, the short-term structure looks bearish.
Current focus:
- weekly open - CME close - possible sweep toward lower levels if weakness continues
For now, no aggressive longs unless BTC reclaims key levels with strength. Staying cautious and reactive. #writetoearn #Write2Earn $BTC {spot}(BTCUSDT)
This is not the ideal zone to open fresh shorts anymore imo.
Market already nuked hard into support, swept liquidity below 76k and now price is stalling instead of impulsing lower.
Trend is still bearish overall, yes. MA’s still pointing down, HTF structure still weak. But locally this looks more like a rebound-or-die zone than a clean continuation short.
If bulls reclaim 77.2k–77.5k, squeeze toward 78k+ becomes very possible.
If 76k breaks clean, then 75k–74.7k likely comes fast.
For now: not macro bullish, just cautious about shorting directly into support after a full flush.
As you know, we have been mainly trading the downtrend.
Just that dull period where even the permabears admitted they were wrong and expected higher, is exactly where the market reversed back down, that 83k region.
From there, IMO the market intended to go to 75k, we traded shorts to make money on it, and we almost reached final target today.
I still want 75k as final target, but I have closed most of both, because what would be really nice is if our countertrend upside idea still plays out into the 80k region, to take another short towards the level.
So, weekly bias is bullish, daily is still bearish, and hourly is still bullish.
I'm just deciding whether I believe it's worth to play the upside hourly bias locally. I could always be wrong, and if the weight of me being wrong, is higher than the move that is most likely to happen, i.e. the move we are attempting to catch, then even if the long plays out, is not worth it.
So, my final decision is after 1 attempt to leave it, and just see it play out.
Might still change, but I just never like longing eagerly out of principle when too many people are still long locally. Could play out, but it likely usually ends up in a small move regardless.
We will see, but I think the best move on this hourly bias is to have most of the shorts closed, but not fully. A small amount must still remain open to profit into at 75k if we don't get a third clean entry nice and high and only a low bounce.
Because I already showed how to short late in the trend once, doesn't mean we have to actively seek to do it again. Having 40% of full base position open in short is perfect here I think.
So here goes the plan, the idea, the entries so far we took on shorts, the potential third entry, and the big target. #writetoearn #Write2Earn
Now everyone suddenly turning bullish on the first bounce, but I still think the bigger target remains unfinished.
As long as price stays below key reclaim levels, I’m still expecting 75k and potentially the 74.7k region before any real higher timeframe reversal begins.
Now everyone suddenly turning bullish on the first bounce, but I still think the bigger target remains unfinished.
As long as price stays below key reclaim levels, I’m still expecting 75k and potentially the 74.7k region before any real higher timeframe reversal begins.
Drop achieved ✅. CME gap longers liquidated now. TP1 for me here.
Alright, clean drop after building shorts over the weekend. Not just a tiny size, we added 2 portions into it in alignment with the confidence of the drop.
Had quite a bit of backlash for shorting "late" and how the market would "pump" to close the CME gap.
But we neatly detected the reasons why that wouldn't happened, drew out the plan, and confirmed with sentiment and order flow why price would go down instead.
Following path so far to new lows + how CME gap longers got trapped.
Alright, reaction on short play, where we added to our 82.3k shorts, is playing out so far, should lead to new lows next with a fraction of further order book efforts.
We partly have to thank the CME gap "fill" believers, because right as we entered our second portion (at 78.4k), many believed the CME gap would fill "next".
Many influencers called for it and what we saw was tons and tons of high leverage longs open (since it's a target close by, only high lev is worth it).
So market liquidates them, per plan to bring them to our target.