Minga

$BTC | Swing Short Update Closed 35% of my 96k Swing Short at 70,825. I’m taking partial profits here because the trend is showing extreme exhaustion on LTF, and it’s likely only a matter of time before we start carving out a local bottom in this region and move into another choppy consolidation phase. I still believe there’s more room to the downside. The next area where I’ll be taking profits is around the 59.8k region. We may see some consolidation before heading lower, but one way or another, this level is the bare minimum I expect to be tapped in this bear market. From there, I’ll start accumulating spot for the next bull run, using this short as a hedge against draw down. The plan is in place and now it’s just a game of patience. I’ve emphasized the importance of this trade multiple times and shared it nearly a month before it triggered. Hopefully, some of you are still following it and sitting on solid profits.

$BTC | Update (4H) We usually don’t see much movement on Saturdays, but the bias for today is neutral to slightly bullish since we’re bouncing from the weekly lows region. As long as we hold this blue OB below us, a retest of 67.3k remains in play. The 4H structure has flipped bearish, and this move down has created a large imbalance that is likely to be filled either over the weekend or early next week. If we reclaim 67.3k, it opens the door for a sharper pullback towards 68.8k, which is the key bearish continuation level for now. A sweep into the bottom of the Blue OB below us is also possible. But one way or another, that imbalance from yesterday is likely to get filled, which is why I’m leaning slightly bullish on the LTF and expecting a bearish retest before continuation in direction of the broader bearish trend.

$BTC | 5 Trades, 1 Concept. Shared the exact method of catching trades like these when we marked the local bottom in Feb, Then I publicly executed another trade following that same method. Patterns don’t just randomly stop working, they stop when the market conditions change. Until then, the same setups will keep printing… again and again.

$BTC | 5 Trades, 1 Concept. Shared the exact method of catching trades like these when we marked the local bottom in Feb, Then I publicly executed another trade following that same method. Patterns don’t just randomly stop working, they stop when the market conditions change. Until then, the same setups will keep printing… again and again.

$BTC | Update (4H) My Bias for the day is Bearish as long as we are rejecting from 68.8k. We saw a decent rejection on daily open from this exact level which exposes the liquidity sitting below the current lows. There is strong HTF support between the weekly open and monthly open region (67.8k–66.9k). This zone also aligns with the bottom of the bear flag / rising wedge on the HTF, making it a key area for potential bulls to hold if they want to close this month in green. If this 67k region fails to hold, we can expect a move toward the 65.5k-62.4k region within this monthly candle. The 65.5k level is the weekly lows area where we have some untapped liquidity acting as a downside magnet. However, a move into that region would also likely mean a breakout below the trendline, increasing the probability of an extended move toward the 62k. The scalp short from 71.9k is intended for securing quick profits, as I currently have two swing shorts running other than this scalp. So if we hold the monthly open, I will look for a hedge long and scale out of the scalp short. However, if we break below the monthly open, I will wait for price to tap the 65k or 62k regions before taking any profits or opening any hedges

$BTC is Forming a text-book Bearish Retest Setup For the 4th Time this Cycle. Once again, we’re filling the first weekly FVG while forming a bear flag, and if the top of this flag gets respected, we’ll most likely mark a local top here and start pushing back down. On the other hand, if we break out of this bear flag to the upside, then 79k becomes the next HTF POI.

$BTC | Update (1D) The current daily is closing as a strong bearish candle, engulfing the entire upside move we saw at the start of the week. Looking at the structure, price is still trading within a bear flag (rising wedge). We rejected the top of the wedge around 74k and saw a clean move to the downside, creating an imbalance. Price later pushed up to fill that imbalance, where bears stepped in again, resulting in this strong bearish candle. So what can we expect from here? The bottom of this wedge aligns with the monthly open. If bulls want to stay in control heading into the monthly close, it’s crucial they hold the 67k region on a revisit. Failure to do so would confirm a bearish breakout from this bear flag, likely sending price towards the current range lows (65k-62k-59k) On the other hand, if bulls manage to hold the bottom of the wedge as support again, we could see another bearish retest in the start of next month before continuation back towards the downside. It’s important to note we’ve been printing higher lows and building liquidity below while trading inside a bearish continuation chart pattern. So this rejection from the bearish FVG could very well be the start of a larger move that eventually breaks down and targets lower levels like 54k and 49k.

Second TP tapped on $BTC. Next major liquidity sits below TP3, where we also have the Monthly open. If we reject 68.8k now on revisit, it’s likely we push down towards 67k-65k region.

TP 1 hit on $BTC Short Taking some profits here and putting my SL at BE.

$BTC Shared the Pico top Entry. Feel free to take Profits as this is an additional scalp on the side alongside our Swing Short.

Re-Entered the $BTC Short here. The last setup ended with a small 0.25% loss. Now I’m Risking 0.5% on this one, with an Add Limit at $72.7K and a Hard SL at $73,650.

$BTC Short Entry: Market SL: 71,788 Targets: 70065, 68513, 67300. Note: I’m still holding the swing short and this is a separate scalp with minimal risk (0.25%)

$BTC | LTF Update The Golden Pocket held as support, and now we’re clearing some liquidity from the local range highs. Volume has been declining throughout this move up, which signals weakness and increases the likelihood of a reversal back to the downside. The trend remains bearish as long as we’re closing 1H candles below $71.3K. If the next 1H rejects from that level, there’s a strong chance we start retracing this move up.