RAYO💲

$BTC longs Still believing in 71.5k. Going to add more. Not yet, but if weekend lows get taken out. Alright bitcoin did not follow our plan of Yesterday. instead of holding 70.7k, it fell through and price retraced to entry and beyond. We were looking good, trade was up 1400 points, but now its 1000 points below entry. Bit of an unfortunate chain of events, with weekend announcement taking the trade down, also creating valid weekend lows. That puts the trade in a tricky spot at the moment because I still believe 71.5k is coming, but post FOMC reversal downside momentum is carrying on now just a bit longer. My actions Given the separation of two execution scenarios; the first one being my typical strategy - set it risk free into 71k, after we were up 1400 points (A), and the second one being the execution I went for myself exceptionally (holding without TP at 71k) since my size on this long was very small (B). So if you set it risk free (A), and followed my typical approach, then you would be flat now. In this case, I would not enter anything new, wait for the weekend lows to be taken out before entering again targeting 71.5k. If price just runs from here to 71.5k, then that's a nice short towards weekend lows and our long awaited 65k area where I deem the FOMC reversal over by now. If you are still in the trade like me (B), I think for this trade, it's okay to add more for once especially if you went small like me, turning this trade into a proper sized one given we have clarity. Not going to add here though personally, but getting an as good entry as possible, which is below the weekend lows. Not setting limits either as Monday is coming so ideally we see a down trending Monday for a bit, giving a chance to enter a bit below weekend lows. If price runs from here to 71.5k, then it still pays on the open trade, albeit for a smaller pay. But then weekend lows are still untouched which gives more confidence in our short idea from 71.5k+, the area we have been waiting for to short for a while, to work out, offering us a second trade. That sums up why I believe it's a good idea to hold on. Using strategic positioning to manage the trade. Not an orthodox strategy, but the fact we had an event on the weekend allows ourselves to do that because this amount of weekend liquidity is very typical to be run both ways, i.e. clear out weekend lows, and run 71.5k target. Holding a trade in between is opportune to take it towards a win, or even two wins.

$BTC longs POI reached, weekend lows taken out✅added long here Alright, price headed down to our compound long area of interest. As promised, this is where I would look to add longs. Without wasting your time reading this post, that is exactly what I did, with order flow doing what is to be expected on a Monday: hold walls, increase spread on perps/spot and slowly positioning to fill CME gap and IMO also our long target. Mind you that it is still Monday, so we might have to hold for another day. But that's ok. If we tend to trend down, then I will get concerned and exit the trade and take a loss for some deeper re-evaluation. For now, the same was I was confident we would head a bit lower, I am now also equally confident in a significant push up.

$BTC Recovered my losses...🦅💨

You really can't predict what's to happen here...

$BTC longs The psychology of this trade Alright nice. 71k's liquidity tapped, pullback achieved, and our drawn path is following pretty nicely. Congrats if you set your trade risk free per hints I gave last post. Don't worry if you didn't, as I remind you that I didn't do it either for all reasons mentioned last post. Educationally, an invaluable discrepancy, now you get to see the difference and how to hold through a pullback with risk still open versus not. It's not as bad as holding underwater, but it's not as easy as price going your way or staying at level. And there is nothing you can do to stop it. But long term followers know, how routinely price pulls back on our identified low density liquidity tap, to only run higher after, just like how I expect target here too. Psychology is the hardest part.

$BTC longs We're up and running ✅Set my limits at 71.5k Alright, nice push up so far off the entry on the longs we took today. Market now backing up my claim of wanting to see shorts squeezed as they were just too crowded into the sub 69k lows and our area of confluence. Already seeing them exit now slowly but surely. As per plan, I'm slowly looking to TP these longs in alignment. So I've set my limits to take off more than half (60%) of the position at 71.5k. Notice that point is further than my typical first trim. That's simply because I'm looking to TP the trade aggressively, locking in the win after 1 target. So partialing before isn't really worth it. So that is indeed taking on a bit more initial risk. But position size on this one is smaller than usual, so it's all aligned. If you don't have that type of risk appetite, there's nothing stopping you to trim earlier of course. In the end, I'm not telling you what to do. I'm just sharing whenever I get and get out for your entertainment and education, showing you what it's like to go from analysis, to trade idea, to actually taking trades, making money in the process.

$BTC Our zone of confluence likely continues to hold, took a long Alright, based on the idea of Yesterday, where we start to expect a bounce towards a better short POI, and more importantly, we saw aggressive shorting, the usual, now for a second time upon this local retrace, whilst still expecting 72k ideally 73k for another short, I'm personally treating this as a long idea. It's not a classic Astro setup long, because it's a long against the multiday (D-2D-3D) trend, which we still expect to be finishing its path down temporarily. However, hourly has a window to be bullish today based on the reasons given. And the weekly trend is also still bullish based on our overall idea of expecting a low and the range to break out. It's Friday inside a red week, which should also help push price up and give a green daily close. If by Sunday we haven't moved, I'm likely going to close it again, just waiting for the short opportunity. So, yes that's a long, but I'm still expecting lower on one timeframe higher. So don't get this long, me waiting for a short, and the weekly trend confused. Timeframes are everything, and this is a countertrend play. To many, this can seem confusing as timeframes are one of the most dubious metrics also wrongly interpreted on this platform. So to summarize my expectations: ➡️Weekly trend: still bullish since Feb 6th (I expect this range to break out) ➡️Multi day trend: still bearish (FOMC reversal) ➡️Hourly trend: bullish and has a window of reversal here (I just took a long). And so because the hourly trend is bullish, and my swing trades are on the H6, I took a long here. Keeping size limited, because it is risky going against the bearish overlying trend, of course. But it's worth a long none the less because we have a short squeeze into my confluence shaping up.