Rocket Raccoon🦝

$TST is up 76% from our entry. Big move, strong momentum. Let’s see how far it goes.

$BTC We have collected 5 runners by now for the breakout, here is my TP strategy. Alright, we are at a pivotal point in price at the moment. We are about to break into the pivotal low from last range (81k). If this is a bear market and we were to see new lows, that typically doesn't happen, nor does it happen in market maker models. So while I am not a "reclaim trader", this is one reclaim that matters a lot and one I care about. Besides, I am not trading it here, that is way too late, we have been trading it since the very start of the range, off 60k. We know the breakout is coming. Because my confluences of why we are bullish, go well beyond that. I don't have to repeat them, nor can I do that efficiently in just 1 post. But it means we could start to trend and what was our bottom call on Feb 6th, with increased boldness on Feb 15th to hold long runners the entire range (quoted tweet), now turned into exactly the HL structure we wanted to see. A higher low structure, by definition, allows us to hold every long on every higher low we took. In our dashboard, we collected 5, on the backbone of our strategy all the way into the breakout. We have now come to that very point potentially. So now it's time to reveal the opposite, which is my take profit strategy once 81k is crossed. This is by the way a general strategy I apply in a scenario of reversal (bottom in this case) range, that is at the same time a higher low structure, very logical, easily applied, and maximised towards making profit with as little effort (and prediction power) as possible. And although I often know exactly where the market is going, I sometimes don't or I risk where I do not want the market to go to protect positions whenever it makes the most sense especially when follow through is limited (such as the recent short). That's why my trades are optimized minimal prediction effort. At the same time, that's how overtrading over overconfident trading is eliminated. And this building runners -> taking profit strategy we used for this entire range is tailored for that. So the way of approach is simple. Since we are nearing the 81k pivotal point, the decisive point where arguably many bears capitulate, fomo kicks in and that moment of silence happens, because the staircase, market maker model is fully invalidated with no dispute possible. Yes, some bears will once again move their goalposts, hold underwater even further, or other disastrous management "styles", but the clear case and point is that 81k reclaim is a shift. So at the same time, that's also where my first TP is, of the first long runner. And by first, I mean last. Since the way I am going to TP these, is by TP'ing the one with the highest entry the earliest, because when price retraces back into the range, they are the first to be threatened. You can see the SL's on the screen, they are non negotiable or they lose their role as runners. This strategy holds because my size on most trades is fairly consistent and my losses scale with the SL width (institutional trading). If you size your trades with SL width, narrowed SL, bigger trade size and vice versa (not recommended but some like it that way), then arguably holding the tightest SL runners for longer results in the highest pay-out, or TP'ing the tightest SL's at the strongest resistances on the way up is probability optimized. So my strategy is simple, where I TP the runners one by one, as we reach higher and higher, and the higher we reach, the older the TP'd runner will be. Now the question: do I think we go to ATH and where are the exact TP's? I have simply drafted an example of the screen (where the green ends is where I TP). These are just the idea and still subject to change. But I did mention that my last runner will be TP'd at ath, which is exactly what I aim for, indeed. And given the local resistance, and magnets below (we still have yet to claim 81k), I am looking to TP the last one, entered at 71.4k, first and very soon: just above 81k and into the brink of confirmation of claiming the level. In case we still get 75k-, that simply allows us to pick up that long again, so it's not even a loss per se. Also a chance to pick up that fumbled long in recent time, which I added on the chart too for context and full transparency. That is the optimal strategy for me, going into this trend in the hopes to reclaim 81k. Does it make sense to go for a breakout long on top? I know it's frustrating to hear: but not in these conditions yet, clearly not with risk of 75k- still open, no reclaim of 81k yet, and after playing on and off with a short idea still technically playable (but not worth the risk for me anymore once 81k is crossed). So, that's my plan. I think very clearly, to unravel the months of preparations for this potential moment. Just showing the outlines of how a range + breakout should be played when anticipating a range of higher lows, where long runners are easily compoundable. Mind you, this type of plan is also applicable for other type of ranges with a sweep at the end. But then all the longs have to be built in the last leg which is more tricky and then it makes more sense to hold for example half (50%) of the long of the last sweep, and TP that gradually into high, post-breakout territory. In this case, we planned for and received a HL structure (so far), so we trade exactly that. No hopium, no wishful thinking, just planning what we expect to see, and then trading exactly what we see. Enjoy. Let's see if we go straight up, or see one last dip (one that I am not shorting). To be fair, I had enough of the sub 50k posts, or even new low expectations all over the timeline. And until still today, the goalpost moving. Being bearish is great for engagement, if the market goes down they were right and if it goes up, they made money since most of them are all BTC holders.