
DonPanick
931 posts




Don't get shaken out. Stay bullish.





Took this short setup on BTC at the high of the range. For any bullish continuation, I think you want a sweep of this H12 OB and an immediate reaction toward the 80k's, that's where I'll look for TP. If the reaction isn't what I want, I'm glad to have some short exposure here, where people are still maintaining bullish arguments and saying we printed the bear market low. Another short entry: H12 close through 77200, then a retest to compound or initiate a short.












This trade is doing well so far. I'm managing my position, currently sitting at close to 2R unrealized. I took around 20% off the table to cover fees and moved my stop loss to the last H1 wick. This essentially makes this trade risk-free, with the SL moved up and 20% already locked in.



Trade idea on $BTC The higher time frame (H12) is printing a downtrend again. I think BTC's lack of strength around $75K said it all, we couldn't even reclaim the $80K area. In my opinion, I'm still bearish short-term and looking for setups in the middle of the range. We've retested the range highs multiple times, and I see a lot of liquidity that needs to be swept before there's any real bullish argument. On the H12 chart, the drawn levels are areas I believe will be retested soon. So I'm looking for this kind of setup on H1 for a continuation lower.














My current market situation






