bitcoin:native If we lose 75k then it's thin air until mid-60s. My focus would shift towards shorts until we approach the HTF range low's. You must always be aware of the downside risk.

bitcoin:native "There is a high chance that price revisits the 74.8k low from yesterday" If this is a deviation, then price needs to quickly reclaim 75k. The more time we spend below, the more cautious I will be on chasing longs. Acceptance below 75k opens the flood gates to 70-65k.

bitcoin:native There is a high chance that price revisits the 74.8k low from yesterday. Was not convinced by the current sweep of range lows, hence I'll be waiting to see how price reacts on a second. Sweep -> Seller Absorption -> Reclaim -> Squeeze

This is what I actually write down before -> after every trade. I’ve been doing this since my first year of trading. Paper Journal: More self-awareness Online Journal: Easier to Analyze Data

What you can expect inside MHC: - Full trade breakdowns - 10+ education series - Daily Market Outlooks - 6 traders - 7x Livestreams per week - 1:1 questions. Join here 👉 Code “Morin” gets you 50% off your first month!

bitcoin:native There is a high chance that price revisits the 74.8k low from yesterday. Was not convinced by the current sweep of range lows, hence I'll be waiting to see how price reacts on a second. Sweep -> Seller Absorption -> Reclaim -> Squeeze

$BTC I struggle to justify new longs until we sweep the 75k swing low. While I did take some profit on my long, I also did roundtrip a lot, so some post trade reflection is on the schedule for today. Just remember, if you're trying to force a trade then it's probably shit.

This is what I actually write down before -> after every trade. I’ve been doing this since my first year of trading. Paper Journal: More self-awareness Online Journal: Easier to Analyze Data

What you can expect inside MHC: - Full trade breakdowns - 10+ education series - Daily Market Outlooks - 6 traders - 7x Livestreams per week - 1:1 questions. Join here 👉 Code “Morin” gets you 50% off your first month!

bitcoin:native (Full Breakdown + Setups) (Weekly) The weekly chart is used primarily for identifying my HTF bias. We can see how price is still trading within the HTF range (84k -> 60k) which concludes price is in a rotational environment. However, the weekly 12/25 EMA's have flipped bullish. This makes me believe that we are in a Re-Accumulation range and that any higher lows should provide good opportunities for swing longs. (Daily) The Daily chart is more for trade location and more current market context aka (Range or Trending). In this case, you will see that I've marked out a box which represent a smaller range (88k -> 75k) within the HTF one. This is something I like to do to provide more clarity with the current PA. The daily bands are bearish and sitting at 81-82k, this is the level I want to see capping price in order to see more downside. (4H) Now let's take it a step further with the range refinement. Price on the 4H is capped between 88k and 80k, we can treat this as our LTF range but you have to keep the bigger picture in mind when it comes to which trade direction (Long / short) is the most favourable. With price currently at 80k, the daily + 12H stoch oversold, the R/R is just not there for me to be chasing shorts at current levels. (Trade Setups) I only want to focus on the Higher probability setups instead of my other ones. With that in mind, the levels that offer the best R/R are going to be those key swing highs and lows from the daily chart. This includes looking for shorts if price pushes up into 88k and looking for longs if price sweeps the 75k swing lows. This phase of trading (Planning Phase) is very easy, anyone can do it. It's just a matter of identifying where you want to trade and setting some alerts. The execution is what separates the actual traders because they know exactly what they want to see to execute and are able to put on that risk in the moment when emotions are high.

$LIT Would like to opportunity to pick some up some spot near the 2$ region. Daily bands remain bearish, would need to see a base form instead of going against current momemtum. Study $SUI (July 2024)

$BTC Before -> After While most are chasing reversions inside the range, I always focus on the key swing points. In this case the Previous weekly high / low has offered great opportunities for reversions. Once you know where, it's all about what you want to see.

$BTC Trade Closed = 5.1R Full plan and thesis shared beforehand. No hindsight. The R/R to chase shorts at current levels is not there for me anymore. Daily 12/25 EMA's at 81-82k is where I'd like to see price capped.

$BTC Trade is currently up 4R. Going to take some profit and leave the rest for the previous weekly low. 79.7k will be the level to watch for next week. Could see a short-term bounce from that level, failure to hold it then mid 70s is on the table.