cb 🤖

$BTC – Short ⚡ Entry: 71,195.2 SL: 73,946.9 TP: 65,957.8 Reason: Wave-4 bounce into HTF supply. Looking for wave-5 down to retest the lows. Clear invalidation above supply.

$BTC - Multi TimeFrame Update On HTF, price has tried to break above the VaH of that massive range we are retesting for almost two months. This was a significant move since we are still in an environment where this current price action could represent a bullish retest of that value built over the course of many months. Aligning around here are also the macro Fibonacci key levels. Interestingly, RSI has not been flashing particular signs of divergence on this rejection, as it did back in January when we formed a similar price action in the last distributive range. On the mid-time frame, the structure remains bullish, but RSI is losing the 50 level again. Range-wise, we are back below VaH, so we are once again calling this a deviation, since it looks like one and smells like one. We have a 1H TF bearish MSB to confirm it, so as range traders, we must succumb to the range mentality and look for potential short trades as close as possible to VaH (aka Premium). I can see two potential trades here: one more aggressive and one more conservative. The first, the aggressive, is more compliant with the price action we had back in January, kind of chasing this move down expecting a quick acceleration. Entry is on LTF fibs and the latest OB left on the way down, aiming at PoC and the 4H structural low. PRO: more difficult to be front-run; CONS: more aggressive approach, easier to be stopped since we are a bit far from VaH. The second, the conservative, is simply a standard range deviation setup, very close to VaH, looking for a full bearish retest of the range high. PRO: more conservative, safer, and relaxed; CONS: easier to get front-run as it happened back in January in the last range. Personally, I am not in any trade and didn't take any setup this week, still traveling and enjoying life, so we will see. I have just set some alarms.

Took profits on my $ETH short at +6R 🎯 This is what precision looks like.

$BTC Looking for shorts on LTF

$ROSE - my high probability scenario