Thread by @BullfortJordan

#BTC Battleplan🧵

First things first.
- Trade the trend
- Betting on reversal is just that, a bet.

Contents;
- Bearplan A
- Bullrun VWAP Analysis
- Walking through some scenarios

#BITCOIN $BTC

Bearplan; A

Currently we have been in a downtrend for 70 days or so, i will keep trading it that way untill i see reversal.

This plan is set around the premise that we are in a range from 30-60k.

More info on the chart itself!

BULLRUN VWAP

incase you wonder what it is;"volume weighted average price". Measured since august 2020.

You could interpret this value as what would be a "fair value" for the asset according to this model its; 34,4k

For sake of morale we ignore the volume gap below 30k

i posted this plan in the first days of this year, we talked about the expectation of the liquidation wick being filled towards 42k,

This plan was engineered based on filling out the wick and than the CME gap form DEC towards 52k, confluence laid in "Max pain"

That plan got invalidated because the lack of bounce after filling out the liquidation wick, and a break below the trendline.

So now what?

Well for the time being i will be trading the trend "the trend is your friend"

if you focus on #crypto / #BTC solely you want the 34,4k area to be held & be actively defended.

Since the midrange of 45k has fallen (which was alright, as long as there would be a shortterm spring to get us back above) we look at the 34,4k area.

If that fails, 25-28k is it.

Last few words

I know that trading a downtred is not as much fun as a uptrend. But in the end the direction doesnt really matter, we are traders after all

We trade whatever market conditions we are given

Buying exact bottoms or selling tops rarely happens. So trade the trend.