Lennaert Snyder|Oct 07, 2026 08:59
BTC finally gave us an expansional move and dumped to the 83.6K Q.O.
Last few days were obviously boring, I only took 2 little scalps, and those were not my bread & butter setups.
Knowing your environment is key when it comes to risk, hopefully we'll get quality trades again now we broke out of that tight chop.
After a dump like this always think, who got paid? Shorts. Who got screwed? Leveraged longs.
So looking for coninatuon shorts locally doesn't make sense to me.
Asia delivered a big move to the downside, what we often see after a volatile Asia is London consolidation.
Bitcoin left a big gap in this dump, and orders need to be filled there, so if you're a good scalper you can look for local plays into that gap.
The two scalps I'm eyeing is either within the current range, or after a sweep of the 83.6K low but holding the Q.O.
If we continue dumping I hope to finally see the test of the 82K region for intraday/swing long opportunities.
Expecting a quiet London so potential scalp-entries probably during NY.
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