We Took the Easter LONG Trade

The speaker discusses the current market situation, particularly focusing on Bitcoin and other cryptocurrencies, following an anticipated push upward. Bitcoin indeed pushed up from a previously identified level, breaking structure and experiencing a slight pullback. The speaker is currently in a long position, aiming for Bitcoin to reclaim the range high. If it surpasses this level, confidence is high for a trade up to around 80K. The current target is the range high, as the move has already hit 2R. The speaker draws parallels to the S&P, wanting to see a similar break above the current level, followed by a retest, and then a continuation upward. Despite some external factors, such as political figures' statements, the speaker hopes that market cycles and chart analysis will outweigh these influences, leading to the expected relief rally and a secondary push higher for Bitcoin. While some profit-taking is acceptable, the speaker intends to hold the entire trade, emphasizing the importance of staying above the mid-range. Losing the mid-range could signal a decline to lower levels. The initial setup for the long position was taken due to a favorable risk-reward ratio, as a failure to hold current lows would lead to a significant drop. Many altcoins are showing similar setups to Bitcoin, having swept out their lows and now sitting at potential entry points. Examples include XRP and Suie. ETH also exhibits the same setup, with a sweep and retest. The speaker emphasizes that "it's go time," meaning a decisive move is expected. For this to happen, Bitcoin needs to reclaim 71,000, or more accurately 72,000, which is the range high. If this level is surpassed, the trade will be closed into the move towards 80K. Conversely, losing 67K and the mid-range would likely send Bitcoin back down to previous lows. The market has been relatively uneventful, with Bitcoin trading sideways for two months. The speaker also briefly touches on gold, expecting it to break higher and continue its upward trend, and oil, which is in a critical area. Oil's movement could indicate either de-escalation in the Middle East, leading to a stock market pump, or continued escalation, causing stocks to pull back. The speaker confirms they are holding their long positions overnight, awaiting tomorrow's market open. The setup was described as simple: an H12 sweep, followed by a low-time frame breaker, order block, market structure, and retest. Looking ahead, the speaker announces upcoming content, including the first two episodes of a "whiteboard series" and a free newsletter. The newsletter will summarize streams, provide market thoughts, key levels, and bite-sized written lessons on concepts like breakers and order blocks. The newsletter and whiteboard series will be promoted on Instagram, Twitter, and Telegram. The "order book show" is also reportedly well-received. The speaker concludes by reiterating their commitment to their long positions until proven wrong.