
Leverage Papi ๐
3.5K posts



@drochetti Even Brazilians make this mistake Replies under my Brazil buffet tweets are always "omg u should go to churrascaria" even from Brazilians You don't go to a churrascaria every day, it's too much meat!




China ๐จ๐ณ rejected 22 tons of meat from Argentina ๐ฆ๐ท after finding chloramphenicol, an antibiotic banned for human consumption for 30 years, and suspended exports from one of Argentina's main meatpacking plants.
















$BTC SHORTED




$BTC Filled at 86.3K on the long shared. โ๏ธ Only 30% of the position was filled. Iโve started scaling out and taking profits on the long. I believe the maximum extension is likely around 89โ91K before further downside.




$BTC longs Raising question currently: "do I trim as hard as you here Astro?" It's a good move, firstly, here at 87.8k. As mentioned in the comments, it makes sense to trim gradually up to 89.5k or 90k depending on risk appetite for this trades' RFP. I am off the monitors, so I chose the start of the RFP. All is acceptable. Where you do it, as long as you do it, has no effect on the amount you lose now if you took it (which is 0 from this point). It only has an impact on the tail reward when the trade runs. Some are sharp and right on top of my posts and get my or very close to my entry, others a higher one, and the patient ones even a lower entry. Price moved 500$ above entry and 500$ below after posting, before running up to RFP. So there are a wide array of entries from all of you on the backbone of my live long signal posted hours ago. So grasping the principle is key, not the exact copy aspect. Even if I give live signals, I will always try to make you autonomous, a taste of it in public, even more so in private. What if I dissapear as in, can no longer function, etc. Not realistic now, I am as healthy as could be, but just covering legacy a bit here and try to engrain your way of thinking. If you get a lower entry, you can RFP more aggressively of you wish. If higher, you can keep SL slightly higher (not much needed) and RFP more conservatively as given here I believe will work out and I ensure 95%+ of my trades do. You not losing is my second highest priority, you winning my third highest. You learning to do exactly what I do my highest. But all three are very high up there.



$BTC 90.8k rejected, triangle entry at 86k givenโ The wait is over. I'm long again. Alright, 86k zone is reached. It has been a long wait to finally get here, mapping out confirmation levels above just in case they would confirm. Such as last time, where I talked about the market bringing me close to a long again. Where to re-long, the market didn't go quite deep enough by then so we gave the key condition of a long with only a 90.8k+ close as confirmation at that important level. Didn't happen and price ended up rejecting exactly at that level so no long announced yet, instead price naturally heading down bringing us to our range low area painted out a few posts ago. Neatly giving us a lower entry closer to the overall lows, fulfilling the job of our confirmation level. So we have indeed been quite patient and careful to wait for a long after exiting the remainders of our last one at 89k as well as the aggressive risky late longs, but it has been worth it. My overall weekly bias is still bullish, the area we are in is a strong POI, and reward is much larger given lower entry in the midst of a local sentiment peak again. We also have local mmd with ETH off the 84.5k low, and potential mmd with ETH off the 81k low as well if we head slightly lower. Furthermore, order flow confirms too with both a wide shorts-spot buys volume spread, good aggressive order capitulation into local limit buys (on perps, still in progress on spot) and longs shying so far which is what we wanted to see as a valid mask for the concerning spot discount (spot discount is bad but not in that situation). Yes, it is an aggressive long without local price conf, so I highly recommend starting half size, which is what I am doing here as well (add later on larger mdd with ETH conf if given or conf into next week). But it is a long none the less playing it close to our plan so no reason to hold back. A knife catch may feel risky. But what feels risky and uncomfortable now, likely turns around later in my view. Patience has been worth it, 86k is a very nice level we waited for, for a long time, so it only makes sense to grab it with all analysis laid out and playing out.










