Marx 💎🕵️‍♂️

HOLY SHIT.. DID $BTC.D JUST BREAK DOWN ON 30 MARCH FKN AGAIN..?

$BTC longs Nice push up already. Trade risk free now. I have good news and bad news. Alright, nice push up again after adding at 65.2k. Some missed it and I apologize for the late posts. Sometimes hard to write a quick post against the fast moves of price, especially new people who are not used to my style of institutional trading. Don't worry is all I say if you miss it. Most of you caught the first entry at 66k. And given the current environment, I think what's key at the moment is to still stay at the cautious side and be rather aggressive with the first trim to set it risk free. I was really confident at 72+ that we would see 65k and it acting as a good long level. So we waited, we hit it and the reaction so far off our 65k level is good so we get to manage our trade into that and lower the risk already significantly. That is the good news. There unfortunately also is bad news. Which is that 61k is still not fully out of the question either. I didn't think it was going to happen because we saw big whale bids supporting price even before we reached it (since 72k), and had CVD slowly slow down on the large size side of things truly confirming my 65k as a next bottom was correct. The ones who paid attention, as we saw, you could see spot premiums spike up hard which is good for our long. But we also see right now how they flatten out and turn into a discount (spot prices back below perps prices), indicative of bad footprints. So I know I haven't talked about it much yet, but the 61/62k zone is also still a magnet and it's my job to tell you now, not in hindsight when price is already close or broke down. Not the greatest news, but we have been waiting all the way from 72k to get long again finally now that we hit 65k and I did present you the FOMC reversal. So I simply continue to request your patience, act aggressively on the take profits. In case that if our 65k long doesn't work out, to not lose money and go in blank at 61/62k if it's given because that IMO is the golden opportunity for a big move. That's all of the bad news. Keep in mind I am still holding my trade. It's trimmed to just under half again here, with my hard SL at 64.6k for the remainder. I absolutely expect and I am ready for upper targets of low 70's and even a breakout of the range to get paid on our runners and yes, my high timeframe thoughts are also still fully bullish. But I am heading into it cautiously still until orders clear up, and the market is less eager to push for a close retest of the wick. So far, yes caught almost every bounce with some solid wins in between, and yes, I wish I also didn't fumble my short at 73k at the same time. But I believe the downside swings are nearly over. 62k zone was where I were to target my short if I didn't fumble it because I believe the party for the bears is over soon. They likely won't get a range breakdown, just some internal swings most bears didn't catch anyway by the looks of the orders, they were just engagement farming. And that's telling of the sentiment by the way. Bearish across the board especially approaching the lows. Final notes, retesting the wick is not bad. It still counts as holding the green silver pocket zone. We have to remember that the zone is a high timeframe "macro" zone and we are just trying to time a proper low timeframe entry. So, in short, we are building a long off 65k, but cautiously trimming it aggressively, just in case 61/62k comes. Our levels are working, but no need to get arrogant and just blindly long and hold as if it's going up from here, not in the current environment, we are still transitionary and coming out of the FOMC reversal. But once 61/62k is reached, I do believe that transition is done. So plan is clear, ready for upside, but not as aggressively as from 61/62k, which also aligns with the runners we still have open from those levels. Apologize for the less one-sided conviction in this post. But we are in that type of environment currently. You all know I am bullish high timeframe. That should be clear, we are hunting longs here in the end and we were only hunting shorts at 72/73k. Bears would go for shorts only here too.