CRYPTO MECHANIC

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$BTC
Fine weekly close. Price is holding above $78k, so as long as this holds, I think bulls will remain in control.

One thing I want to add: overall, the weekly chart is still within a downtrend, and this whole consolidation zone is bears’ territory. They would want to defend it to create a lower high here.

Just don’t get too excited if price goes up. Personally, I’m not looking for new buys my aim is to take profits on the spikes.

Sharing this for educational purposes only.

Someone asked me:
“If the monthly/weekly charts are bearish, don’t you think the market can still go lower?”

And my answer was simple.
Even if BTC goes to $100k, the monthly chart can still remain bearish.
Even if price goes to $95k, the weekly chart can still remain bearish.

Also, just because higher timeframes look bearish doesn’t mean the market has to go down immediately. They can flip bullish too.

But here is the important part:
If I personally think the market may go lower later, does that mean I should ignore the opportunities that are right in front of me today? No.

We played the move from $66k and price is now around $80k.
The charts were bearish at $66k and they are still bearish at $80k. But does that mean we should have ignored the entire move? Absolutely not.

As traders, our job is to capture opportunities when they are available.
You trade what is happening in front of you, not what you wish will happen months later.

A lot of people get stuck trying to predict the final destination of the market instead of reacting to the opportunities the market keeps giving on the way. That mindset makes people miss both bullish and bearish moves.

At the end of the day, nobody catches every move perfectly. The goal is simply to stay flexible, manage risk, and take the high probability setups when they appear.

I placed these sell orders thinking the price might take a few days to hit them, but man, $SUI already ate half of the orders.

Caugh Almost 40% move on spot, Still have some more orders left to fill.

P.s: if you missed to catch this trade, Dont chase it now 👊

ETH outperform Bitcoin now or it is never happening.

Big week Ahead?
What do we think guys?

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I just took a little profit on my $SUI trade. My plan was to take some around 1.15 but i held myself because the strength was too good to ignore.

Still holding a bag just in case this runs more.

What a move we caught 🔥🔥

I dont trade alts all the time but when i do i make sure i am buying the good ones only.

$SUI Tapping the first area of resistance.
Up almost 20% from the entry.

Free money from crypto mechanic
you're welcome

$BTC Tapped that zone and bounced

The plan is really simple. As long as price holds this zone, i think the bulls will remain in control

It’s been a while since crypto barely moves during weekends as most of the moves are now dependent on US markets.

As a trader this is actually a really good opportunity to stop trading during the weekends and evaluate the trades you took during the week.

Find out what went right.
Find out what went wrong.
Which setups worked best for you.
Where you got emotional.
Where you overtraded.
Which trades followed your plan and which ones were pure gambling.

Most people spend weekends forcing trades in a dead market.
Meanwhile good traders use this time to improve their system and prepare for the next week.

Hello $SUI

So Aliens exist?

New all time highs every day on stocks and then there is shameless BTC

Good coins will continue to do good
Bad coins will continue to do bad

Trade good coins as long as they remain good.

Still holding this $SUI Trade trading slightly above my entry, Not going as i expected it and it's probably because Bitcoin started to show weakness.

Will give it some time for now. if price breaks yesterday low. I will be out.

$BTC Pulling back to the zone we discussed yesterday.
My thoughts are still the same. Bulls should step in and hold this $78k zone

My Brief thoughts on $BTC
Watch if you missed 👇

Goes out for a walk and you all dumped the market.