BRVX.AI

Would you have held this?

Hot CPI on Tuesday. $BTC spikes to $74.75k, two traders go long at $74.5k.

A: 20x, no stop. Two hours later half the margin is gone.
B: 3x, stop at $74k. Out, down 2%.

Made-up traders, real candles.

Trade $BTC perps on BR/VX: brvx.com

US CPI ran hot. A Dec Fed hike is now fully priced.

▸ Oct CPI: +0.4% m/m vs. est. 0.3%
▸ Core: +0.3% vs. est. 0.2%
▸ $BTC under $73k, first since Aug

PPI: Friday, 14:30 CET. Follow-through often waits for the next print.

Trade $BTC perps on BR/VX: brvx.com

A market buy at 10x with 0.3% slippage:
▸ Cost on notional: 0.3%
▸ Cost on margin: 3%
▸ Before the trade has moved

A limit order at the planned price removes that, at the risk of no fill.

Trade perps on BR/VX: brvx.com

Anatomy of a trade: $ETH

On Nov 2, $ETH set a low at $2,233.50. Long stops tend to cluster under a level like that.

On Nov 4, as US midterm results came in, price dipped to $2,223, took those stops and closed the hour back above the low. Sellers pushed through and couldn't hold it. That reclaim is the setup.

▸ Entry: 1h close back above, $2,246
▸ Stop: $2,215, under the wick (-1.4%). Back below the wick, the idea is wrong.
▸ Target: Nov 2 high $2,315, top of the range (+3.1%)
▸ Reward/risk: about 2.2

Target hit by 08:00 UTC the same day, and ETH ran to $2,448. Then it gave it all back and broke under the wick on Nov 8. Now $2,110.

Stops on sweep longs usually go under the wick.

Trade $ETH perps on BR/VX: brvx.com