$BTC
Here's my playbook for the next 1-3 weeks.
We got FOMC coming up on 17th June and the BOJ rate hikes on 16th June.
So what I am expecting is for price to pump to qO (68k) into 16th-17th June,
Then form the Lower High there, and start the dump towards low 50s.
Though in the case of Max Extension (price pumping to 70-72k),
We might form the Lower Highs on 22nd June.
It's just a numerological date that I am testing out based on my backtested data,
And I could be wrong on the timing but regarding price I am very sure if we max extend, its gonna be upto 70-72k,
And that would be it, anything above 70k is a free short imo.
Though I will start looking for shorts from 66k as it's very possible for us to frontrun qO,
Because a lot of people are targeting the same level and usually when a certain level becomes retail.
Price either frontruns it (66k) or pierces through it (70k).
If we go higher, I will just DCA into my Swing Short.
I will create another post analyzing every BOJ rate hike and how it affected BTC soon.
Overall, my current plan is for BTC to pump first, clear the upside liquidity cluster,
Then form the Lower High there and start dumping towards the bottom of this bear market,
Which I think is gonna be around 49k-55k.
Though I will start adding to longs from the moment price goes sub 60k.
But if we get the Low 50s, I will add more aggressively and go all in.
Idc if people's mathematical bottom says we are going to 44k or 39k,
I am fine with the 20-30% drawdown, cuz the upside is massive, and I am talking about a 200% pump,
And if you compare the upside with the drawdown, you will see the RR is insane,
So I am completely willing to take the risk, if BTC goes down I go down with it.