The medium-term view is generally bullish, and it can be considered the end of the bullish cycle for BTC. My strategy is to follow the medium-term trend to trade short-term, which is why I prioritize going long at this stage instead of shorting. The market is very volatile, so when I enter a liquidation, I always have to be at the last support point to reverse the major trend, which here is at the price of 95k, and I am ready to cut losses partially if the daily view is bad. Understanding the strategy and having a clear plan will help me survive during volatile days; one should not trade futures without a clear trading plan!
Is it tiring to follow the order for the last 2 days! It's only the beginning of the week and the prices have fluctuated up and down by 10,000, it's really surreal 🥴
The market fluctuates as it does, both long and short orders $BTC em are in the green. Playing it safe still comes first.
Btc on June 18, the market is bad and may continue to be bad today and tomorrow. The btc cash flow is stirring up to do something.
Every day I post early, my orders are placed limit two days ahead of the market and then I just hold on while still saying I'm copying this group or that group.
I don't play telegram, I don't have a team, I play alone. Ok!???
Tonight many Long friends are fomoing and will continue to die on their trades! The range of 104.5 - 106.5, as I see it, is a correction phase, not a reversal, so it's reasonable to enter and exit long and short positions in this range.
BTC Tuesday, June 17: Summary of yesterday: short positions were cleared from 106 - 108.8, and by 5 AM, it dropped back to 106. If anyone FOMO'd into long positions last night, they are holding negative positions this morning!
Looking at the 1D price frame, it appears quite friendly as it closed the candle above 106, a green candle but with a small body and long wicks; it may test 106 again this morning, and if it breaks through, it could drop to 104, and if it breaks 104, there could be panic selling as there are many sell orders below 104.
The opposite scenario: testing 106 with buying power => continuous swings between 106-107 then pushing up to test 108.8 again.
I haven't seen clear spot money returning to the market! Yesterday was all about futures.
The market makers are very clever. By the end of the day, they still pushed the price back to the exact zone where both long and short positions have reasons to enter :)))
update short order: BTC: DCA 107.7 - Stop loss 20% 108.2 The entry into the last order was off by 1000 points, indicating that the sentiment for entering orders is not good at night.
ETH: hold no dca - slightly positive Fartcoin: hold no dca - slightly positive
Reasons to continue following this short: - Funding rate: 0.006 - Positive - OI: Strong increase - Price sideways - decreasing - USDT spot inflow not yet seen
=> Long is still FOMOing, price is still pushing up, MM will trap more and may sweep additional weak shorts.
When to enter a short position: - Entry: 106.8 or above - When OI is above 0.008 - 0.01 - When Long FOMO is at its peak is when the price gets pushed down
You can't track the chart 100% of the time. So just keep an eye on funding above 0.008 and consider shorting. If you already have a position, turn off the computer and go to sleep or wait to DCA more!