Undercurrent.

$BTC longs Now risk free, my next targets and when I call it a win. We built a long during the range formed Friday-Sunday and it indeed ended in a sweep of the low with a nice follow-up printing us green. I expressed my mid-tier conviction, not something you are used to from my end since usually I am often (almost always) maxed out on conviction with every trade I take. You noticed through my actions with a more aggressive trim, only 1100 points above the averaged entry, keeping in mind we had to pull one TP and re-entry, so fees involved, closer to 1000 points net benefit. I understand it's puzzling given how I expressed my bullishness, and how 65k is worth waiting for and a good long opportunity. But I just can't be all too bullish risking lots of capital with one eye closed when there is a magnet still open below coherent to my edge and we see sub optimal order flow in proximity at the same time. Regardless, here we are and guess what, we're still in the long with 40% left running, and I still aim to turn it into a win. When is it a win ? That's another key question. Not just for the sake of social media but for my own count and journaling as when I call it "a good trade". It's going to be different now because generally, I take my risk free trim between 1.4 RR and 2.3 RR with a size of 40% to 30% respectively without moving SL, the OG followers know the formula. The second TP usually sits around 2.5 RR - 4 RR, totalling 1.4 RR - 1.8 RR net give or take on initial risk regardless of what happens with the runners/remainders so yes, the second TP almost always converts the trade in a win without a doubt (considering higher targets might still hit too). This time though I trimmed 60% at 1RR to make it just over risk free. And my next target lies around 68.7k which is around 3.2RR and where I aim to trim another 15%. So 60%*1RR + 0.15 * 3.2 RR = 0.84 RR, and if the remainder hits sl, then subtract 25%* -1RR = - 0.25RR, or ending up with 0.59 RR. Meh, not even a > 1RR trade, in my book only a small win. My next target after lies in the 70k+ area, which is up 5.4RR. Taking another 15% off there (leave 10% runners), ads another 0.8 RR which ends the trade on 1.64 RR net. That's a clean W so at that point, I call it a win. So, while my conviction is lower, if we still hit my targets, it's still a clean and good W to be added to the streak. Other than that, I plan to leave 10% runners because I am bullish and expect a breakout. But I don't rule out 61/62k unless that happens. That explains my plan, conviction and actions. Bullish, but cautiously and not the typical Astro bullish way. We blame the 61/62k magnet and the tail end of the FOMC reversal. Regardless, we're in a long and making money and ultimately, we break out upside, I promise. So I'm not complaining.

Everyone’s chasing alts… but the path still leads to $BTC.

CT today: “Altseason is here 🚀” Meanwhile: $BTC dominance still high $ETH not leading liquidity not rotating But yeah… 100x soon Timing > hype.

Good day, guys🤝 Update: $BTC, 6H Alright, after sweeping liquidity below the 6H OB, price reversed and is now attempting to flip the trendline back into support. Weekly PP 67.7K is the nearest resistance. If reclaimed, next target is R1 - 70.4K, with confluence above POC & VAH + OB VWAP. If rejected at 67.7K, I expect continuation lower towards S2 - 63.3K and potentially down to the local range low 62.4K. Heatmap shows liquidity stacked both above 70.4K and below 62.4K. Indicators: RSI crossed above MA, L2 KDJ curling up with a buy signal. Now, what I don’t like: spot CVD and OBV are not confirming the price move and continue to trend lower👀

Getting very close here. After securing a win around $71,000 we cut the trade and set our targets for the lower levels. Sentiment is well and truly in gutter here again. I added a small size long initially, and will go in heavier if/when we fully take out below this $65k liquidity pocket. Haven't been shorting, probably could've had a few good trades if i had taken them, but i am better with longs, so we play to our strengths. Other two areas of interest I expect to see a decent reaction off are $62,500 and $58,000. Overall I truly believe we are bottoming out in this range here, and things will be resolved soon. But in the meantime we play the levels and secure some bags.

Market looks dead… but not everywhere. Undercurrents are active. 👀