Will this Bitcoin Pump Continue !!??🚨
TL;DR
Ahmed analyzes Bitcoin's recent pump from $65K to $73K, advocating for a non-predictive trading approach that focuses on high-probability setups at key technical levels rather than directional guesses, specifically highlighting the importance of longing dips at $70K support rather than chasing breakouts above $71.6K.
🧠 Trading Philosophy & Psychology 3 insights
Avoid prediction-based trading for realistic setups
Ahmed emphasizes providing boring but honest setup analysis rather than exciting predictions, explaining that predicting exact price movements is impossible and that he prefers educating viewers on risk management over offering false certainty.
Simultaneous long and short positions
He clarifies the logic of holding both a short from $72K and a long from $66K to manage risk in both directions, noting the short was recently stopped out in profit while the long continues running with stop loss moved to entry.
Context over headlines and thumbnails
Ahmed warns against taking video titles as trading signals, citing a previous 'bearish' titled stream where he actually provided a long setup at $65.5K that successfully caught the exact bottom of the recent pump.
📊 Recent Market Recap 2 insights
Bitcoin rallies from 65K to 73K
Price surged from $65K to $73K after reclaiming $66K, validating bullish order flow that Ahmed identified despite multiple technical indicators suggesting potential bearish drops.
Navigating the New York session fake out
Bitcoin produced a classic fake out dump during the NY session open after hitting highs near $74K, a move that presented a shorting opportunity for active traders but which Ahmed avoided due to scheduling conflicts.
🎯 Current Technical Setup 3 insights
Critical resistance at 71K to 71.6K
The Value Area High sits at approximately $71K, which needs to flip to support for bullish continuation, though Ahmed explicitly warns against longing this breakout due to high risk of fake outs and liquidation.
Optimal long entry at 70K support
He identifies the $70K-$70.2K zone (Saturday's low) as the ideal long entry, specifically if price drops to test the anchored VWAP and NPOC levels then shows strength by reclaiming these levels.
Timing entry for Sunday Asian session
The preferred scenario involves Bitcoin ranging through Saturday before potentially faking out lower during Sunday's second half or Asian session open, offering a high-probability reclaim entry with tight stops below the wick.
Bottom Line
Wait for Bitcoin to drop and reclaim the $70K-$70.2K support zone (testing the anchored VWAP) rather than buying the breakout above $71.6K, as this provides superior risk/reward and protects against liquidation from weekend fake outs.
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