Sigmax31

$BTC False Pump / Breakout Bitcoin just pumped, however Spot volume remains low, especially compared yesterdays run to 76k. This was trap for longs, it was executed after traditional markets closed. A stronger sign of continuation is when spot & perp volume increase together.

$BTC Liquidation Map Change This chart indicates late shorts (0-1H, 1-8H) are accumulating in the 67-69k range. While early longs (8-24H) hanging out at 65.5k. Sentiment is changing...

$BTC longs Next target hit 💰Now patiently waiting for 70k+ Alright! Our next target we mapped out a few days ago is now hit. Indeed, as mentioned last post the bears had their round of engagement farming once (before Monday opens). Where they indeed came out with their macro thesis and how "Monday will close red" or "lead to new lows" or "how it's a good time to short". And twice, after Monday closed that also a green Monday would still lead to new lows anyways. All posted into the lows each time. Works well for engagement farming because people like to follow bearish posts when prices are low. But in terms of making money, they are all left in the dust now and compromised in their shorts. They won't tell you they're short now though because that would ruin their imagine. But anyone who watched order flow, can easily see many of them were short (hint - check the mid to low size section of aggressive short CVD on Monday open and after Monday closed). All power to engagement farmers by the way. I have nothing against it. But it's my job to keep my audience on the right side of the trade, not on the right side of the engagement, so we keep tracking the dynamics and use it as sentiment. I thank you for participating in this long. And if you remember, we are not calling it a win yet. If we hit 70k+ area, our final target before runners, then this is our second win in a row once again, and then we also have runners left for a potential juicy breakout. Enjoy.

I have spotted a new potential fractal... Part of being a trader is the ability to adapt to different market conditions. As you all know, I am still short because the primary objective has not changed, we will eventually sweep $60K (I am confident in this). The difference now lies in the positioning of the cycle and current price action. With that said, I believe there is a good chance we may also be following a additional pattern which was printed 2022. This would mean that $BTC could theoretically deviate above the range highs before ultimately trending lower. No, this does not mean we are going to the moon. It would simply be a swing failure pattern (SFP), followed by a few days of ranging before pushing lower. That is why I have adjusted my stop loss on the short to a 1W close above $80K. I initially shared another fractal from 2022, but the market is starting to display characteristics of a different schematic. Because of that, this is something I am paying attention to before continuation lower.