Education time $ES
Order of thoughts
1. Daily MSB = Bearish Bias
2. Liquidity sweep into H1 supply as entry
3. Target previous S/R flip (Could have done better. Entry based off H1, target should have been based off nearby H1 PA).
Profit is profit, but could have captured more.

Education time $ES
Order of thoughts
1. Daily MSB = Bearish Bias
2. Price moves up into previous range and tests H1 breakdown level WITHOUT retesting bottom of previous range before moving up (inefficient)
3. Target bottom of previous range / M5 FVG
Bit of journal for self too  x.com/Crypto_Chase/s…

Crypto Chase

Twitter

Author | Jeff Park (Chief Information Officer, Bitwise)
Compiled by Odaily Odaily(@OdailyChina)
Translator | Dingdang (@XiaMiPP)
Editor's Note: On February 5th, the cryptocurrency market experienced another crash, with over $2.6 billion liquidated in 24 hours. Bitcoin briefly plummeted to $60,000, but the market seems to lack a clear consensus on the causes of this decline. Bitwise CIO Jeff Park offers a new analytical framework from the perspective of options and hedging mechanisms.
...

The Black Swan Event Was Actually This: The Real Reason for the Recent Bitcoin Crash

Author | Jeff Park (Chief Information Officer, Bitwise)
Compiled by Odaily Odaily(@OdailyChina)
Translator | Dingdang (@XiaMiPP)
Editor's Note: On February 5th, the cryptocurrency market experienced another sharp drop, with over $2.6 billion liquidated in 24 hours. Bitcoin briefly plummeted to $60,000, but the market seems to lack a clear consensus on the causes of this decline. Jeff Park, CIO of Bitwise, offers a new analytical framework from the perspective of options and hedging mechanisms. [...]

Renowned crypto investor Jack Yi used Aave revolving lending to build a $2 billion ETH position, only to see it crumble during the market crash [...]
The article, "Yi Lihua Completely Sells Off ETH! Trend Research Sells 650,000 Ethereum in a Week, Losing $730 Million," was originally published on BlockTempo, the most influential blockchain ABMedia media.

Yi Lihua completely liquidated his ETH holdings! Trend Research reportedly sold 650,000 Ethereum in a week, incurring a loss of $730 million before exiting the market.

supply zone very clean
also probably quite telling that at this point in time it can't even get towards the gap fill

yeah i'm kicking myself for the early TP lmao, but part of the game. eyes on mid/low 6700's if we break to new lows i'd say.
you preppin for TBC? grind out that 75k honor? haha

Yes lmao we just been queuing AV back to back