Call Audit

$btc Next steps with current trades Monitoring local bitcoin price action further. After a long time, you have seen me finally flip bullish, and we wasted no time as Yesterday, we built a clear cut idea of a long for the first time in a long time. That idea turned into action which has now turned into a nice and clear trim at 1.2RR at 73.7k, which we detected as clear local liquidity resorption in live time and we marked as likely the top of the low timeframe range at least. We are still ranging between that and the entry level of the long, 73k. With the trade now risk free and the 700$ "guaranteed" signature caught, any move lower and deeper into the zone is where I am interested to long again. I am also still holding the shorts from 82.3k. Looking to TP the (time-based/range-based) finalisation of this downtrend which I believe will stop exactly into the purple zone, I am still looking for an optimal TP. Acceptance above 74.2k, is also what I see as early confirmation of the large move up we are planning, and is what I will use to aggressively close the last 10% of the 82.3k shorts (mind you, they would be up 15RR plus so even 10% is not worth losing to an uptrend especially when I am bullish), acceptance is very key. Now I hear you. "Acceptance above", is as dubious as a house with no doors. That's why I prefer acceptance level on a wick basis whenever possible (such as our 2450 level on each, never reached, price dropped, clean bias level). This level is not an acceptance level with a wick basis, so how to frame it instead? Let's talk about it shortly because framing this is key to avoid confusion and execution anxiety, and it's never done in enough detail on X. It's also hard to explain the full mechanics without showing the full step-by-step evaluation process. The good news is, the process is always the same. And there is a relatively new concept I have developed which is acceptance based on order book aggression. For the ones curious, try mapping out local directional order book depth aggression on a chart, and filter out the times it persists directionally with a 3:1 factor for 1 exact candle on the minute chart, above an acceptance level. You'll see it (almost) never fails. So takes a bit of work and a lot of back-testing, but the same method can be used again and again and again. Any-who, with no further detail, I believe the classic way is also still quite decent: high OI, high delta, high volume and some dubious interpretation "to taste". A bit more dubious, a bit more indicators and tabs open, but it still works reasonably. So the 74.2k level is key for me, acceptance above means the market sends fully to 76k, and because of my plan and high timeframe view, should accept us above 76k too after some testing, which means 80k's and yearly highs imo, and a very good look of this bottom consolidation, very thin liquidity above and we can start chatting about 100k. Ideally, with ranging locally first (creating doubt but also filling those voids). But without jumping the gun, we're here for now, and are just building longs on the basis of our plan. In all other cases, we IMO are still in the consolidation stages of our purple zone, the zone I think we indeed bottom, and we should actively trim longs as soon as we get our $700 move, and re-long if revisited lower, whilst keeping shorts open (if you still hold them per instruction, if not, that's okay). Indeed respecting how we are ranging between our entry level of 73k and 73.7k, our exact trim level, likely the local low timeframe top. To summarize, we are in a bottoming process, still looking to break local consolidation, which we marked as locally topped at 73.7k with a key trim, But, we start trading longs, while we look for an optimal TP on the final short, as the final footsteps in the sand remaining from all the downtrend trading we did off the 82.3k high, before the bullish storm finally blows them all away. Closing off all the short business, and transitioning into long business. The way I aim to trade key reversals. NFA.