Hello. I am Couch Cappy, striving to survive by sticking to my principles in the rough waves of the market.
Recently, we witnessed a terrifying market where Bitcoin plummeted by about $4,000 from 76K down to the mid-69K level. It was the result of a 'Long Squeeze' where stop-losses of leveraged positions were triggered sequentially, combined with macro concerns over US inflation. While many felt panic during this drop, I judged it as a 'healthy process of cooling down overbought conditions and digesting resistance,' and carefully proceeded with my trades according to the scenario I had prepared.
[ Current Chart Analysis ]
Based on the 15-minute chart, a Falling Wedge pattern has formed, and it is currently attempting to break out of the upper trendline.
In particular, I confirmed that a W-shaped Double Bottom support level is being built in the 69K-70K zone. Strong buying volume came in at the 70K round figure and the S/R Flip zone (where past resistance turns into support), calming the short-term downtrend. For the time being, rather than a vertical rise, there is a high probability of chopping and building a bottom within the 69K-73K box range.
[ Live Trade Position Entry Review ]
After confirming the breakdown of 72K, I executed a 'Buy the Dip' and 'Net' strategy, absorbing the panic-sold volume in the deep support zone (69K-70K). Instead of catching a falling knife with bare hands, I spread out traps by splitting my entries.
Position Direction: Long
1st Entry Price: $70,500
2nd Entry Price: $69,200 (Successfully caught the deepest wick)
Average Entry Price: $69,806.66
Current Position Size: 0.015 BTC (The planned 30% full allocation is complete)
Current Status: Maintaining a stable profit as the price returned above the 70K level.
[ Risk Management & Future Scenario ]
Although I was lucky enough to catch the deep wick, the market can threaten my entry price at any time. Therefore, I have prepared strictly mechanical responses.
Hard Stop (SL): $68,500
Take Profit Plan: 50% Scale-out at $71,800
When the price reaches 71.8K, which is the upper boundary of the short-term descending channel and a resistance zone, I will secure profit by selling exactly half of my position. Securing partial profits greatly helps defend my mentality, and I can comfortably hold the remaining 50% by setting a breakeven stop at my entry price (69.8K).
Always maintaining a humble attitude towards the market, I will quietly continue my statistical trading by managing the 'size of the loss,' which is the only thing I can control.
I have written down the strategic details about the 'Split Net Entry' and 'Scale-out for Mental Management' that allowed me to overcome fear and catch the wick today in a separate post below. I hope it serves as a small help to those struggling with flash crashes.
▶ https://couchcappy5.blogspot.com/2026/03/trading-strategy-surviving-flash-crash.html
If you want to maintain your principles in the waves of the market and continue a statistical trading journey that doesn't lose, you are always welcome.
[Join Couch Cappy and Get a Lifetime Binance Fee Discount]
https://linktr.ee/couchcappy
[Disclaimer] This post is for informational purposes only and does not constitute a recommendation or solicitation for any specific investment product. All investment responsibilities lie with the investor, and principal loss may occur depending on market conditions. Couch Cappy supports the safe and relaxed investments of our readers.
Comments
Post a Comment