Don't miss this Bitcoin Setup Today🚨
TL;DR
A crypto trader executes a live Bitcoin scalp long at $67.3K based on trapped shorts and VWAP confluence, targeting a move to $72K while emphasizing that successful trading depends on risk management rather than predicting market direction.
📊 Live Trade Execution 3 insights
Long entry at $67,345
The trader entered a live long position at $67,345 during Sunday's session after price retraced to the $67.2K support zone.
Stop loss at $67,088
A tight stop loss was placed at $67,088 to limit downside risk below the liquidity wick and trapped short positions.
Setup rationale: Trapped shorts and VWAP
The trade was triggered by observing shorts stuck at $67.1K combined with anchored VWAP and NPC confluence at the Sunday low.
🎯 Technical Targets and Levels 3 insights
First target at Saturday's high
Initial take profit is set near $67.8K with a plan to move the stop loss to breakeven once reached.
Extended target toward $72K
If momentum sustains, the position aims for $72K, though the trader maintains no directional bias beyond the scalp.
Key resistance at $67.6K
Reclaiming the $67.6K high-volume node is essential to confirm bullish strength and potential continuation higher.
⚠️ Risk Management Philosophy 2 insights
Trading is about probabilities, not predictions
The trader clarifies that entering a long does not mean expecting higher prices, but rather accepting a defined risk for potential reward.
Asymmetric risk-to-reward setup
The position risks roughly 0.4% to potentially gain 8%, illustrating the importance of favorable risk/reward ratios over win rates.
💎 Altcoin Market Context 2 insights
Ethereum remains structurally weak
ETH/BTC continues dropping, making Ethereum vulnerable to further downside if Bitcoin fails to hold current support levels.
Solana faces critical $85 test
Solana must reclaim $85 to continue its uptrend; failure to do so opens the door for a pullback toward $80.
Bottom Line
Enter Bitcoin scalp longs with tight stop losses below $67.1K, take partial profits at $67.8K, and move stops to breakeven while holding a runner for $72K.
More from Bankless
View all
DON'T BE FOOLED, BITCOIN IS TRAPPING YOU !!!
CryptoKitten argues that Bitcoin's pump to $64,800 is a bearish trap within a confirmed bear market, defined by a 47% decline from ATH and broken trend structures. The analysis suggests accumulating spot Bitcoin at these discounted levels while avoiding leverage until a decisive break above the 200-day moving average confirms trend reversal.
CRASH! CRASH! CRASH! CRASH! CRASH!
Bitcoin crashes alongside crude oil to $73 after the US and Iran signed a tentative Memorandum of Understanding to end military operations, with technical analysis highlighting $62,900 as the critical support level that must hold to avoid a deeper drop to $59,000.
![LIVE CRYPTO BLOODBATH...... [BREAKING NEWS]](https://i.ytimg.com/vi/YYojI8SUZ0g/hqdefault_live.jpg)
LIVE CRYPTO BLOODBATH...... [BREAKING NEWS]
Crypto analyst Crypto Kid argues that despite Bitcoin's drop to $60,000, technical indicators and market cyclicality suggest further downside to the mid-$50,000 range before a true bottom forms in Q4, recommending investors begin spot accumulation now while strictly avoiding leveraged positions.
Bitcoin Pumping (Biggest Fake Out) 🟢🚨
Bitcoin pumped to the 77K resistance zone after dipping to 75K support, creating a 'fake out' scenario where traders could profit from both long and short positions. The speaker emphasizes a non-predictive trading approach focused on executing predefined plans at specific technical levels rather than forecasting directional moves.