đïžUSDT D. local plan: (update of the previous perfect one + educational)
If you carefully watched this video till the end, you'll realize that this move was already planned after having touched the double breaker on BTC at 107.700$ and after having filled 100% of the June 12's FVG.
This impulse, as mentioned in this post made us "finishing the business", hitting the first major zone at 5.10%/5.12% wicking above the key SH and, consequentially, touching the 98.500$ on BTC marked beforehand.
Technically speaking, the last weekly closures have performed "well" since we didn't bore their relative swings, thus this has created valid HTF SFPs that favor more upside than downside until proven otherwise. (closures above/within certain levels/swings)
Respecting my plan, I longed BTC and longed/bought spot several altcoins that were "in-tandem" with the T2 area shared on the 19th of May video here and all of my positions are now in profit (which will be trailed, of course).
Is this the bottom?
Well, early to say since, as stated yesterday, we created multiple HTF BOS breaking individual structures and therefore suggesting relief and bearish retests + some of the most favorable levels on altcoins have not been hit (T1,2.8T?) but I want to be prepared regardless since I believe that in a macro context, a lot of them are being traded at macro discount levels and that, in the big scheme of things, these prices are highly favorable.
It's way different accumulating into broken structures that have recently generated new (or local highs) than accumulating into structures that are potentially -15/20% away from highly profitable levels, in my opinion.
Harriet Braiker once said: "Striving for excellence motivates you, striving for perfection is demoralizing".
I'm not chasing perfection here, I'm looking for profitability.
Therefore this strategy puts me in a condition in which I can be flexible/profitable despite the next outcome.
One thing that I was considering during this move to the downside was that black swans never occur when everyone's expect them.. and with my timeline full of doom sentiment, I think it's pretty easy to commit Harakiri for most.
We will see, but at the moment the plan highlighted is playing out.
Weâve hit several key levels on majors as mentioned beforehand for the concept of âunfinished businessâ.
While this presents partial opportunities for a spot accumulation, the most favorable levels are located below where some have an average of -20% and some others less depending on their structures.
If majors BOS(s) will be confirmed with HTF closures, they will likely provide favorable short opportunities into those levels.
In the meantime, the announcement of US attacking Iran came out, justifying the current price action and therefore instilling a massive amount of fear among retail investors, assuming that now itâs completely over for âthe cycleâ.
Yet cycles rarely perish in the dark of panicâs breath.
They merely coil and bide beneath the guise of death.
For price, like tide, obeys no manâs decree, it hunts liquidity in plain hypocrisy.
Nothing of this price action is a mystery, weâre respecting everything we were already planning weeks ago.
Getting ready.
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