Chart Champions
Chart ChampionsSep 23
Crypto

Bitcoin Hit My Target… Here’s My Next Move

19 min video4 key momentsWatch original
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TL;DR

Bitcoin hit the $87,400 target after a 50% rally from $58,000; Chart Champions waiting for market structure changes before taking shorts.

Key Insights

1

Hit first major target — Bitcoin hit $87,400 — the previous range value area low the creator targeted for two months — representing the first major resistance after a 50% gain from his $58,000 entry.

2

Seven rejections = liquidity — The $81,130-$82,000 zone on Bitcoin shows seven instances of selling pressure before Monday's impulsive break, creating a critical liquidity level for retest confirmation of continued strength.

3

22% from setup level — Solana gained 22% after hitting the creator's $96.54 long setup, then front-ran its anchored VWAP while still missing the previous range value area low — prompting patience over new shorts.

4

Avoid premature exits — The creator avoids taking profits on spot positions after every resistance to preserve position size for larger bull runs — a discipline that prevents being underexposed during extended rallies.

5

Waiting for continuation — Ethereum hit $2,800 but remains in front-run territory against its $2,870 previous range value area low, meaning the creator wants another push higher before considering short entries.

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Deep Dive

Bitcoin's $87,400 Target Hit and What's Next

The creator opens by celebrating his previous live stream setups, which played out perfectly. Bitcoin climbed from $58,000 (where he bought spot) to $87,400 — a 50% gain that hit the previous range value area low he'd been tracking for two months. The trade unfolded exactly as planned: a supply-for-profit (SFP) in the range, a retest of demand, then an impulsive run. Now at resistance, the creator faces a decision: go short or wait. His answer is disciplined patience. He won't short aggressively yet because market structure is still bullish — higher highs and higher lows intact. Instead, he's prepared a hedge trade if structure breaks, willing to accept a small loss on futures to protect his $87,400 spot position. His philosophy is clear: don't rush shorts in uptrends without confirmation.

The $81,130 Liquidity Zone and Intraday Setup

Zooming into the 4-hour chart, the creator maps a critical tactical level. The $81,130-$82,000 zone showed seven distinct rejections before Monday's impulsive break, signaling heavy liquidity where institutions were defending. This changes the context: past resistance becomes a test of bull strength. If Bitcoin holds this level on a retest, the bull is intact. If it breaks, weakness is early. Volume profiles confirm a confluence — the zone sits at a daily support, anchored VWAP from the low, and has volume profile density. Price is at the 50% Fibonacci of the entire uptrend, which he notes is poor location for a swing trade but perfect for intraday scalps. His entry criteria: wait for the level to be tested, spot a bullish reaction (his three-candle entry), then take quick profits on first target and hold the rest. It's a low-risk way to participate without overcommitting.

Altcoin Management: Solana, Ethereum, and Position Discipline

The creator details wins on altcoins but emphasizes management over new entry hunting. Solana hit his $96.54 setup and rallied 22%, showing clean supply-into-demand structure. Ethereum touched $2,800 after a break and retest of the value area high. Both are now front-running their previous range value area lows (around $115 for Solana, $2,870 for Ethereum) without reaching them yet. Rather than short here, he waits for another push or a market structure break. On position sizing, he's explicit: taking profits at every resistance decimates position size for bull runs. He holds 100% of spot buys despite being up massively because small positions feel empty when the real move arrives. The stock market's slowness during NY hours and crypto's volatility mean his focus now is patience — waiting for data, not forcing trades. Updates come tomorrow on his weekly altcoin analysis.

Takeaways

  • ✓Hold spot positions through resistance hits rather than taking profits early, or you'll shrink your position size and miss the main rally.
  • ✓Wait for market structure changes and multiple confluence signals before entering shorts—don't force trades just because price hits resistance.
  • ✓Track the $81,500 level on BTC as a critical support zone; losing it signals early weakness in the current uptrend.

Key moments

2:12First big target hit

“BTC with that hit the highest level it hit was about $87,400”

3:36Why not shorting now

“I don't see a point in shorting this aggressively because what we can see here is from the lows price is still following a bullish market structure”

11:57Solana confirmation

“Sana did hit this level was the absolute low of the move and then we have seen a move of 22% to the upside on Salana”

10:45Position management philosophy

“if you are in a spot investment and you take profits after every single resistance that is hit without even seeing weakness, you will just decrease your position size more and more and more”

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