I trade BTC for a living
$BTC
Joined June 2023
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That's the normal cycle most traders go through. Usually best to just hold, but I get it. Try not to spin your wheels my friend.
$BTC
Last time price came down here, this pocket got front-run.
It’s building again.
Patience got me in at 76k.
Adding at 73-75k if it comes.
$BTC
The liquidation pocket below has increased in the 73-76k range (left).
Levels like this often get front-run, with price turning before it fully taps the liquidity.
Liquidation Delta also overextended, suggesting too many shorts in the market (right).
Best practice: Either let the price come to this level, or break the trendline first.
Try not to force.
$BTC
Wild 48 hours.
76k ➜ 81k yesterday. Back to 76k today as tech stocks dumped at the open. Landed right back in the 73-76k pocket I flagged on Monday.
No new trades yet today. Let's see how BTC handles the 75-76k range first.
Patience is the position.
$BTC
I see two possible scenarios this week:
1. Sweep lower ➜ tag the liquidation cluster at 74-76k first, then bounce.
2. Front-run the delta ➜ push straight toward 80k with no dip filling the FVG.
Midterms are tomorrow (Nov 3), so expect volatility around the results... don’t overtrade it.
I’m not picking a side on BTC until it shows its hand. If BTC sweeps lower first, that’s where I’d look to reload.
Ultimately looking for a close above 78k for BTC today / tomorrow (for safer longs on ALTS).
Between now and then, don’t chase green candles.
No bro, sorry. But there's no way elliottwave predicted a b wave because it knew Dems would win midterms forcing pressure on AI. Fundamental catalyst. Plain and simple.
You could say the same thing about the mid-term dump just before hand. Still to early to say what will happen next.
$BTC
Spot volume fading as price drifts down.
Not bearish, just normal after a 76k ➜ 80k run.
Still in from $76k
Looking to add at 78-79k
Invalidation unchanged
$BTC
Waiting is the hardest part of trading.
It’s also the part that gets you the good entries.
Not exciting. Just effective.
Filled at $76k, right where I said I’d be looking.
$BTC
Exactly what I wanted to see!
76k held as support, and price is working back toward local range resistance near 81.3k.
Next step: hold 80k / trendline, then break 81.3k.
The recovery’s on track. Resistance just has to break.
Who else got in at 76k?
$BTC
Waiting is the hardest part of trading.
It’s also the part that gets you the good entries.
Not exciting. Just effective.
Filled at $76k, right where I said I’d be looking.
$BTC
Leverage panicked at 76k. Spot didn’t.
Exactly how this was supposed to go.
Next stop: short liquidations at 80-81k. 🧲
$BTC
MM's setting a trap.
Same pattern: spot bid on Binance stepping in while perp traders lose interest.
When spot leads, leverage always follows. Late.
Another hack or an election surprise could shake it. The flow says buyers are ready either way.
