It's Happening Again.... (Bitcoin Targets 2026)
By Mango Research
Summary
Topics Covered
- Higher Time Frames Guide Patience
- Trade Despite Discomfort on Setups
- Risk Management Defines Trading
Full Transcript
Good morning. Good morning. Good
morning. Good morning. Good morning. As
expected and as discussed, Bitcoin has dumped to the bottom of the cloud over the last few days. And now the big question is, is Bitcoin going to continue to dump or are we going to see
a rally to the top of the cloud? I'll be
discussing exactly that in today's video.
[music] All right, so here we are. Bitcoin has
pulled back over the last few days and pulled back aggressively. So, a quick refresher as to what we talked about in the previous video right here in this video. Nobody will see this coming. I
video. Nobody will see this coming. I
talked about how Bitcoin was sitting at the bottom of the weekly cloud, right smack up against it. And while price was looking good, I wasn't feeling comfortable getting bullish at that
particular juncture. And how I'd be far
particular juncture. And how I'd be far more comfortable either waiting for a pullback. Specifically, I talked about
pullback. Specifically, I talked about how we could pull back on the 12-hour time frame and Bitcoin could very well pull all the way back down to the red
key over here while still looking fine.
And now coming back to the live price action, we can see that that's exactly what happened. I'm going to go ahead and
what happened. I'm going to go ahead and turn on our tenkin and kun lines right over here. And you can see that the red
over here. And you can see that the red kun along with the bottom of the cloud was exactly where price has found support. And guys, this is a skill that
support. And guys, this is a skill that I highly recommend all of you master.
People struggle with using the higher time frames as a guide to be patient and then the lower time frames to get good bid opportunities. Remember going back
bid opportunities. Remember going back to the weekly time frame, I wasn't comfortable buying up against this level over here, the weekly resistance cloud,
because the weekly time frame is in a downtrend. I use that to my advantage to
downtrend. I use that to my advantage to say, you know what, I'm going to wait for the pullback and then use the lower time frame to be able to add to my
position. And that's exactly what I did
position. And that's exactly what I did recently. If you guys do remember, we
recently. If you guys do remember, we have now bid at $62,000, $64,000, and we're putting on our third position over here at around $69,000.
Now, does that mean that I have a 100% certainty, full bullish confidence that price is going to make its way to the top of the cloud over here? No. In fact,
I am still feeling uncomfortable considering the higher time frame trend.
That being said, being a trader is all about putting on positions even when you are uncomfortable because of the setup, right? And this setup over here allows
right? And this setup over here allows me to put on this trade that we're already in profit on. By the way, while managing my risk very very easily. Soon
as we lose the key over here, I will simply exit that position and look towards the next setup. And for those of you who decided to follow me on this trade, please use appropriate position
sizing. The position size needs to be a
sizing. The position size needs to be a good balance of making the upside move worth it as well as not too large that
the downside move hurts your portfolio.
If if you guys are in the Mango C program, simply use the Mango risk management indicator, the Mango risk management tool sheet and everything will be set for you. Follow the position sizing, the invalidation levels, etc. on
that tool and you will be fine. And by
the way, for those of you who are interested in the Mango Seed program or any of our other programs, including the Mango Sprouts program, we are currently running a discount for Krisha's birthday
cake 26. If you want to simply dip your
cake 26. If you want to simply dip your toes into the Mango Way, the stress-free way, and figure out if this lifestyle is for you, then the Mango Sprouts program is where you want to start. But if you
are looking to take this seriously and take your wealthb buildinging journey seriously, the Mango C program is a comprehensive program that you might want to check out. Coupon code is
cake26. You'll find the link in the
cake26. You'll find the link in the description below. I will be keeping you
description below. I will be keeping you guys updated on this trade as well. So,
make sure to hit that notification icon so that way you don't miss the next trade update. With that, keep it mango,
trade update. With that, keep it mango, keep it easy, keep it stress free. I'll
see you guys in the next one. Chiao.
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