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 👉 whop.com/miles-high-club/mil… Code “Morin” gets you 50% off your first month!

The only time I got burned out from trading was in my early days when I was focusing too much on the outcome of trades and PnL. That’s was also the time when I had no clear strategy or process whatsoever. We all experience burnout to some degree but it’s important to understand where it’s coming from. I’m my case, I had to shift my mindset from outcome to process driven.

$BTC FOMC game plan, what we thinking? A) Mean reversion from 82k B) Flush into 80.5k (Higher Low) C) Fuck shorts

$BTC (Snippet Video) In this video, I cover my current thoughts on the market as well as the setups I'm looking to trade.

How to trade Divergences: 👇

$BTC Will be looking to short 82k on any pushes during FOMC. This level is also confluent with the Daily 12/25 EMA's.

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)

How to trade with the Stochastic RSI: 👇

$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.

Weekly performance review (Template)

#FF This goes out to ones of the one of most transparent traders I’ve seen in the space. Someone who has nailed majority of the btc moves and called them publicly. Shoutout to the legend @SailorManCrypto Keep doing what you do brother, your a great value add to ct ❤️

$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.

I was recently asked a very good question during one of my steams. “When and how much should I increase my position size?” I broke down my answer into two parts: 1) You want to increase your size just enough so that you feel discomfort but not too much to the point where you deviate from your process. 2) As for how much, I like to adjust my risk based on my account size. As my account grows then so does my 1% figure. At the end of the day, position sizing is a very personal thing just like anything in trading. It’s all about finding what approach works best for you and sticking to it.

$BTC Daily 12/25 EMA's have flipped bearish for a second time at the range highs. Want to see the 82.5k - 83k level capping price over the weekend. Could we bounce in the short term? Sure. However, my system still has not flipped long so I will continue with my bias for lower prices. Happy to flip bias when needed. It's just a trade at the end of the day.

If you want to see a video breakdown of how I read the footprint. I posted a full video on my Instagram story! Watch here: instagram.com/morin.trades