Tryrex

$BTC
WATCH OUT FOR THIS ⚠️
If you look at the SP500 index, you can see we're in a clear downtrend.
In fact, we may get a rejection and large crash at the open. Also because of the Iran war, which is having a rather negative impact on the markets.
A SP500 crash will certainly have an impact on Bitcoin and send us decisively under 65k.
Until then, I'm remaining cautiously bearish

$BTC
WATCH OUT FOR THIS ⚠️
In less than 2 hours, the stock market will open.
If you look at the SP500 index, you can see we're in a clear downtrend.
In fact, we may get a rejection and large crash at the open. Also because of the Iran war, which is having a rather negative impact on the markets.
A SP500 crash will certainly have an impact on Bitcoin and send us decisively under 65k.
Until then, I'm remaining cautiously bearish

$BTC
If we can't HOLD 66K, WE'RE DONE
Bitcoin has two choices now. And one of them (the bearish scenario) is more likely.
We can either bounce from here, reclaim 72k and get back to the upper part of the range
Or we can slowly crash down more and more until the final bull capitulation.
Considering we're in a bear market and that we've been grinding down that 66k level, I'm leaning bearish.

$BTC
WE'RE ABOUT TO CRASH ❗️❗️
Price is retesting this 66 000$ level again and again.
When I notice this pattern, it usually ends up breaking DOWN and making a new low.
It is now clear that the impulse needed to make a new high on smaller timeframes will need to be very strong.
That means we're more likely to make a lower high below the previous high at 69 290$.

$BTC
63K IS COMING ⚠️⚠️
The whole structure got bearish as we previously plunged to 66 000$
Now, our uptrend is largely weakened as it's unlikely we get back above 72k
Whether we take some time to consolidate or we crash directly, I believe we'll soon see 63 000$.
The only condition to fully tip the scale would be a quick pump to 72k.
Bears will win this out in the end.

$BTC daily chart
2 indecision candles in a row
Bitcoin is and remains weak because we can't form a lower high easily and sustain our uptrend.
Despite the appearances, price won't dump instantly because liquidity, algorithms and FOMO are slowing us down.
I won't be able to update until tomorrow morning as I'll be in the plane.
However, Bitcoin could wait until the Monday stock market opening to make a move.

This is the scenario I envision for $BTC
A quick bounce to grab liquidity back to 68k.
Then bears keep pushing us down slowly but surely until we reach the next support level.
This happened in January.
It can repeat now.

🟩🟩 $BTC LIMIT LONG TRADE 🟩🟩
ENTRY: 67504
STOP-LOSS: 65800
TAKE PROFITS: Taking 50% out at 71490, the rest at 74920
Leverage: 35X
I am remaining consistent with my initial idea on Bitcoin.
We're in an upward-trending range, making higher lows.
Keeping a limit long open at the bottom of the range.

$BTC
WAIT for PRICE to reach the TOP or BOTTOM of the range ⚠️
Since February, price has formed this upward-trending range with higher lows and higher highs.
This structure could eventually break out to both sides. However, bears have an edge as breaking to the upside would require incredible strength.
We're currently in the middle of the range. Whatever price does in the coming days, I'll be shorting the highs and longing the lows.
This is the smartest thing to do now.

🟩🟩 $BTC LIMIT LONG TRADE 🟩🟩
ENTRY: 67231
STOP-LOSS: 65442
TAKE PROFITS: Taking 50% out at 70857, the rest at 75442
Leverage: 30X
Despite the Trump post and the pump that resulted from it, the basics don't change.
I'm still keeping a limit long open at this key support level.
The uptrend remains strong overall.

$BTC
TRUMP'S POSTS RULE THE MARKET
On March 22nd, Trump dumped the market with a post threatening Iran
Now, we got this big pump because Trump posted encouraging news regarding a potential ceasefire.
I suggest everyone steps down on trading a bit and focuses on the key levels and the current range we're in.
Still keeping the long at 67k just in case we retest the lows.

🟩🟩 BTC LIMIT LONG TRADE 🟩🟩
ENTRY: 66978
STOP-LOSS: 65188
TAKE PROFITS: Taking 50% out at 70857, the rest at 75189
Leverage: 30X
$BTC already bounced 3 times previsouly on this trendline.
Usually, price reacts well to such levels.
Will try a long there.

$BTC
Price moved slowly this weekend
But so far keeps making higher lows.
Looking good
Keeping my long trade open.

🟩🟩 BTC LONG TRADE 🟩🟩
ENTRY: 70590
STOP-LOSS: 69070
TAKE PROFITS: 74910
Leverage: 45X
I believe we can try this scenario for $BTC
Price is currently making higher lows in a favorable context when we look at altcoins.
A retest of the highs doesn't look unreasonable.

$BTC
This is how the recovery could look like
Although we're near a very important level on $BTC ETH and SOL, liquidity is placed roughly at different spots arounds this level.
I don't believe it's the best time yet to start a long (a quick wick down could flush longs), but a DCA long on the way down looks OK.
Waiting it out a bit to see what the market does next.