Bitcoin (BTCUSD) No Trade — 2024-01-10
The objective is not to grade the P&L. It is to grade the decision.
Charts
Trade Review
As Bitcoin gets approved for its etfs we will see sporadic movement over the course of the next few weeks. In yesterday’s case while talking to Wale a setup came up.
Entry: SL: Targets: Risk off 1:1:
This set up was based on a NDOG, where price had already gapped higher on the open and volume had been reduced as we headed down to this PD. Throughout the London opening session price returned and ran from there.
Price has currently reached Risk off and looking as though it should move to take out the first old high, target 1.
Cory publishes the working thesis before the session, not after — this Playbook and Trade Review are part of that same documented process. No signals, no highlight reel.
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