$BTC

LTF view of HTF structure

Daily closed below $6900 support after testing monthly resistance & range midpoint.

Bounced off blue cluster outlined in video but HTF close take precedence.

Expecting resistance at $6900-$7000.

Bias is bearish while $6900 daily resistance.

$BTC Update

Quick 2-minute video for those who prefer that format.

Above $6900: Finally, a reclaim. Bears are toast. Test $7200s but take me to the promised land of $7500+.

Below $6900: Reclaim buyers are cooked. Nuke it.

Above $6900 again: Bears fell for it. Lost support and even that wasn't enough.

Below $6900 again: Why's my balance 0?

Sold $7070s with a wide stop.

Will reassess at daily close or get stopped out if we moon.

Cutting this as the price action is far detached from my initial idea.

Original stop was at the high ($7470s) so taking more or less a scratch on this for now.

Update later today.

Plan was to fade the move into resistance (daily level + H4 cluster top) and ride a move down to retest $6.9k and reassess there.

Instead price was accepted above my resistance levels so I got out.

Still valid if red box fails, but flat for now.

Mostly scratches the past week.

To be entirely truthful, even this idea was shit under my system.

I do well when I trade HTF levels with corresponding LTF price action near/at the level.

I think I was in disbelief of $6900 being eaten up again and rushed to fade it.

Time to sit in the naughty corner.