
ZERO IKA 🗡️
38.9K posts

ZERO IKA 🗡️
@IamZeroIka
Trading | Market Psychology | | Life’s thoughts | I help people build their path to financial independence through trading Building the Dojo Trading Community

















$BTC update (+ educational part): Ok guys, I want to showcase you some interesting stuff regarding Bitcoin's development and how I managed the last short, so have a read because this can truly help you. As I was mentioning in the last update, the $78.000 was a very sensible supply and my first "non-optimal" short area, suggesting that I was about to trail and put the SL2BE based on the PA. Now, if you take a look, you can see that $BTC went for the lower boundary of the value area (VAL+POC) and accepted the zone, signaling the desire from the price to rotate back toward the opposite side of value (VAH) so there was no meaning for me to trail above it, therefore I booked a very nice 3.70R/R. For the concept of value migration, the price, when it finds acceptance inside one or another boundary of value, it will use the POC to migrate in the opposite direction. This is a crucial information that helps you to trail your position in a dynamic and smart manner, saving extra profits. For $BTC "big picture", the weekly has been fully re-absorbed producing a clean SFP/FA (which is a bad sign) but as you can see, at the moment $BTC is moving inside this uptrend channel and as long as it holds it, I can see a push higher toward the more optimal area where several HTF confluences are overlapping each other. (HTF LVN/extensions/S/R flip) More or less, the area should be around 80/83K but, once again, the most important thing to watch is the USDT D + USDC D break & test (mentioned in the previous post) located in the 10.00%/9.50% area. If this doesn't come into fruition, I'll evaluate a new plan.






