Entering this New Bitcoin Trade (Big Move)🚨

Summary

The presenter’s main focus was Bitcoin’s sharp rebound from the $81,600 area. He said this level had been identified as a possible long-entry zone because it was a daily level where BTC might form a higher low. Price briefly fell below it, then reclaimed it around the daily open. He interpreted this as potentially trapping short sellers and contributing to the bounce.

Despite the rebound, Bitcoin had not yet cleared the key resistance structure. The market remained near the previous range’s value-area low and below its point of control (POC) and a downward-sloping anchored VWAP. The presenter cautioned against chasing the rally or opening a new long directly into resistance.

Bitcoin levels and scenarios

• $81,600: Potential long-entry area; BTC briefly swept below it before recovering.
• $83,000: Important near-term level to hold.
• $83,500–$84,000: A recovery above this zone would improve the short-term picture.
• $84,000–$84,500: Key confirmation zone for structural buying pressure. A sustained reclaim could open a move toward $86,000, then potentially $88,000–$89,000.
• If resistance holds or BTC loses support: A drop toward $80,000 was possible, with $77,000 identified as a lower area of interest.

The presenter said his bullish outlook would weaken if BTC lost $80,000 and would be effectively invalidated if $77,000 also failed to hold. Even a possible long near $77,000 would require caution and a recovery back above $80,000.

He described the price action as volatile and technically sensitive. He had not entered a trade during the live session and preferred to wait for clearer conditions rather than force a position.

Trading framework and risk management

• Use daily levels, the daily open, range structure, volume profile, and anchored VWAP to identify areas of interest—not to predict price with certainty.
• Watch how price behaves around levels. A liquidity sweep followed by a reclaim may indicate trapped traders and a possible reversal; rejection at resistance may instead lead to a pullback.
• For a long trade, the presenter said he would generally move the stop loss to breakeven or entry once price moved favorably, depending on the trade’s structure and timeframe.
• He sometimes takes 50% profit when weakness appears or at a planned target, while leaving the remainder open for a larger move. He stressed that this is conditional, not an automatic rule; some remaining positions return to breakeven or are closed manually.
• He cited roughly 13% of trades as extending substantially beyond the initial target, sometimes reaching 5–7R. The remaining position is intended to capture those outliers, though its value depends on the overall statistics and results.
• He emphasized that not trading is often the right decision. Waiting for a suitable setup and preserving capital is preferable to treating every market move as a trade.
• He recommended tracking trading statistics, particularly for newer traders, while describing written journaling as less essential than collecting data.
• He rejected intuitive or indicator-based certainty about where markets “must” go, saying traders should test strategies statistically and avoid overtrading.
• He discouraged speculative “altcoin season” trading based on excitement, contrasting active trading with longer-term investing that does not require constant chart-watching.

Other markets and assets mentioned

• Gold: The presenter discussed a Monday downside move that swept prior highs and lows before reaching the range’s POC, followed by a move toward the value-area high. He said the next question was whether price would hold higher or break down; he made no firm trade recommendation.
• S&P 500: He noted that it had reached an all-time high on October 6, but said its subsequent attempt to approach that level had not succeeded.
• Amazon and Apple: Both were described as rising. Apple was discussed in connection with a reported 3% gain around an iPhone announcement; this was an aside, not a formal investment recommendation.
• Ethereum (ETH), XRP, and Uniswap (UNI): These were mentioned in passing. A viewer reported a UNI long at $7 using 3× leverage; this was the viewer’s position, not the presenter’s recommendation.
• Oil: A viewer mentioned crude oil approaching an anchored VWAP, but the presenter did not provide a detailed analysis. Brent was also mentioned.
• Leverage: The presenter recounted a viewer’s past losses trading gold with 100× leverage and reacted critically to a separate comment about 100× leverage framed as a joke. He did not endorse high leverage.

Trading positions and performance

The presenter said he still had a Bitcoin position originating around $58,000. He had considered closing it if BTC lost $61,000, a level that had not been lost.

He said other positions had been reduced, stopped at entry, or closed after partial profits during volatile price action. He cautioned that holding partial positions does not guarantee large profits and can mean giving up some short-term gains.

Disclosure and disclaimer

The video description states that the content is for general information and entertainment, not professional or financial advice. It warns that virtual-asset investments are high risk and can result in the loss of capital, and advises viewers to do their own research. The presenter also repeatedly cautioned against impulsive trades and overtrading.

Presenter/source: Ahmed, speaking on the Champs Crypto channel.