FILNFT

Closed my short trades for now as my sl a bit tighter. Got ondo still open on bitbase. Good chance we correct until later US session

Bitcoin bottom might be in 🚨
Bitcoin’s monthly trend has flipped bullish.
That doesn’t mean I’m buying here.
My original target was around $48K. That’s still not completely off the table, but it was much more probable while the monthly trend was bearish.
Now the market structure has changed.
Look at what happened in January 2023 when the monthly trend flipped bullish.
Bitcoin didn’t flip bearish again.
It spent a month indecisive, then wicked down, formed the higher low and took off. Price never returned to that area.
I’m watching for something similar now.
A lot of people are buying here, an

People are fearful and quiet at the bottom.
They won’t tell you to buy.
They’ll tweet things like “it’s over,” “I can’t believe this,” or say nothing while they cope.
Then the market starts pumping and suddenly everyone found the bottom.
Sometimes people need green candles to validate the conviction they didn’t have when it was red.
Problem is, conviction built on green candles disappears just as fast when the hell candles arrive.

closed my shorts

There is no such thing as a sideways market.
Higher highs + higher lows = uptrend.
Lower lows + lower highs = downtrend.
At all times, there is a primary HH/HL or LH/LL structure in play.
Sometimes price struggles to break that primary structure for a while.
That's what people call a “sideways market.”
But the primary trend structure didn't disappear.
It just became harder to read.
When the structure is textbook, everybody can see the trend.
When the structure gets complicated, that's when most traders get confused and start calling the market random.
It's not random.
The market is still respe

If you're trading without a plan, this market will chew you up and swallow you.
No spitting you back out either. 😂

Waiting a bit to see what happens

closed my longs

You should definitely get the swing add on option for daily drawdown when registering for prop-firms. This market be mad volatile doesn't matter if you a swing trader or not.
You be up in healthy profit , take piss and return and your daily drawdown is sky high.
Your edge says to hold but your DD be like: Oh yeah...bet