I trade BTC for a living
$BTC
Joined June 2023
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$BTC
This looks eerily familiar.
Oct 20: Binance spot led for hours. Price ran 81.5k β 85k in under 24 hours.
Today: Binance spot is leading the charge again, while Coinbase and Bybit are waiting. Binance is absorbing it all.
Last time, the move started when Coinbase joined in.
Still waiting for lower?
$BTC
Spot led, perps followed. Binance bought for 5 hours before this move to 83k.
Same pattern as the 81k β 87k run.
Still waiting for lower?
$BTC
Spot just flipped perps. Open interest is climbing.
Price is flat. Positioning isnβt.
Spot volume delta has been rising for a full day while OI keeps building underneath.
Thatβs hidden strength. πͺ
$BTC
Weak hands are selling, as Coinbase and Binance are buying.
Spot volume delta is climbing while the price drops. This is normally a trap for short sellers.
Last time I posted this setup, it marked the local bottom.
$BTC
Weak hands are selling, as Coinbase and Binance are buying.
Spot volume delta is climbing while the price drops. This is normally a trap for short sellers.
Last time I posted this setup, it marked the local bottom.
$BTC Trade Update
Bought the dip at 79.4k.
Daily closed above 80k.
Invalidation held.
Average: $80.6k
Invalidation: unchanged, 1d close below 80k Targets: 85k β 87β90k+
$BTC Bought the dip, again
Holding support and retesting trendline.
Added: $81.3k
New average: $81k
Buy the fear.
Invalidation: unchanged, 1d close below 80k
Targets: 85k β 87β90k+
$BTC
Majority of 7-Day liquidation now sits at ~82.5k
Anyone else buying this dip?
$BTC
The best entry of the range, or the end of the trade.
Bought $79.4k
Last piece of the position
New average: $80.6k
4h RSI is the most oversold since the Oct 8 low, right before the push to 84k.
Price is tagging the lower trendline.
$BTC Bought the dip, again
Holding support and retesting trendline.
Added: $81.3k
New average: $81k
Buy the fear.
Invalidation: unchanged, 1d close below 80k
Targets: 85k β 87β90k+
$BTC
Same pattern as last weekend, just before the run to 85k...
Price bleeding toward 80k, but spot volume delta is subtly increasing.
Spot is absorbing as perps continue to sell.
Big move soon.
$BTC Bought the dip, again
Holding support and retesting trendline.
Added: $81.3k
New average: $81k
Buy the fear.
Invalidation: unchanged, 1d close below 80k
Targets: 85k β 87β90k+
$BTC
Long: scaling into 81-82.5k
Why: support held, HTF liquidity swept below + spot volume rising
Invalidation: 1d close below 80k
Targets: 85k (strength = hold) β 87-90k+
$BTC
Flagged 85k as resistance last week. Thatβs exactly where it stalled out after an overextension.
Relax, this is what a retest looks like. Price broke out of the wedge and is now retesting the trendline and the 80.5-82k support box together.
Nothing changes unless we get a daily close below 80k.
$BTC
Long: scaling into 81-82.5k
Why: support held, HTF liquidity swept below + spot volume rising
Invalidation: 1d close below 80k
Targets: 85k (strength = hold) β 87-90k+
$BTC Trade Update
Average: $80.8k
NO reason to sell here.
Chop is normal, 87k+ is the target.
Invalidation: unchanged, 1d close below 80k Targets: 85k (strength = hold) β 87β90k+
$BTC Added to position
Support held this weekend.
Falling wedge pressing the upper trendline.
Added (yesterday): $81k
New average: $80.8k
Invalidation: unchanged, 1d close below 80k
Targets: 85k (strength = hold) β 87β90k+
