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Bluechip
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$BTC
Quite an embarrassing display of price action.
After securing 25% profits, price completely erased the entire CPI move
If the remainder gets stopped out at breakeven, I’ll be looking toward 83K next.
Bluechip
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$BTC
Light. Work. ⚡️
Booked 25% profits here, a solid 4% move off the lows.
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$BTC If you want to avoid chop, it’s actually very simple. Don’t trade the internal ranges. Internal liquidity exists to be taken. It’s the zone where most look for continuation or acceptance above prior levels, and because of that, it’s engineered to extract liquidity. That’s why so many people get trapped. The edge isn’t in internal range trades. The edge is in external range hunts. Instead of chasing price in the middle, focus on external highs and lows, where liquidity is targeted and displacement is more likely to occur. That’s where asymmetric opportunities live. If you’ve been paying attention, you’ll notice I almost exclusively operate at external high/low sweeps and rarely engage in the mid range. Lesson in that fellas, lesson in that 🫡 MMs and institutional players do not step in within the middle range where liquidity is being built. They step in at the extremes where sentiment is stretched to peak fear or peak euphoria. That is why you see nobody buying when they are suppose to be.
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PALLADIUM ALERT
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$BTC Rejection of weekly open again.
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