Mayooo

Mr. President, I’m getting tired of all this winning.

So far in February, 11 out of 16 trades have been successful, a 68.75% win rate.
The last few trades have been disappointing, but overall February is still solidly profitable. A series of losing trades is simply part of trading. If you can’t handle those losses, it usually means your risk management needs improvement before continuing.
Notably, all five losing trades were longs, which is a clear pattern I’m paying attention to. For now, I will primarily focus on shorts, as this aligns better with current bearish market conditions.

I still see a potential liquidity sweep to the upside for $BTC before a move lower.
I’m not risking another long, but I’m very interested in a short if we push higher.

$BTC is pushing back up. It’s likely we will close the CME gap today or tomorrow.
I would be interested in a short position between $68,500–$69,500 for a continuation move to $60,000.

Small, low-volume sunday drop for $BTC.
We're currently trading $500 below the CME close.
You don’t want to short below the CME close on a Sunday.
I’m still in my long. Nothing has changed in my thesis.
I still expect the move up before we move lower.

On February 24, 2022, almost exactly 4 years ago, the war between Russia and Ukraine began.
In the month that followed, Bitcoin pumped 30%.
War is tragic and destructive, but it hasn’t necessarily been bearish for Bitcoin.
Selling your crypto purely because of Middle East tensions?
Not a good idea, in my opinion.

Boring sideways price action for $BTC.
Typical weekend movement, we’re trading very close to Friday’s CME close.
Ideally, we continue ranging until CME opens, then push toward $70,000.
I still expect the move up, even though everyone is bearish due to Middle East tensions.
First move up to $70,000–$72,000.
Then a retrace.

$BTC is still trading around the $68,000 level. This is also a local resistance area, but I expect that we will break it soon.
I’m still targeting the $72,000 level.
It’s the weekend now, so we might continue moving sideways until Monday before we see a pump.
But I remain long.
Enjoy your weekend all!

🇺🇸 US Q4 GDP came in at 1.4%
Expectations: 3%
This is a bad sign, but Bitcoin is still holding up quite well, if you ask me.
Let’s see what happens when NY opens.
I still expect we move to the red box at $70–72K before breaking below $65,000.