SafePal priceSFP

What Is a Swing Failure Pattern? 📉 😨 An SFP happens when price pushes above a key high (or below a key low), only to reverse and close back inside the range. It’s a classic fake-out: liquidity gets taken from stop orders, but the breakout fails. 🤑 Right now BTC just locked in a weekly bearish SFP. That means price tried to break higher, swept liquidity above the highs at $123k, but failed to hold. Historically, this has been one of the most reliable reversal signals. 🗓 Over the last 5 years, this exact setup has appeared many times and almost always it led to strong downside reactions. It doesn’t always guarantee a dump, but the odds are stacked against continuation once a weekly SFP forms. If you have many leveraged longs — better cut now than later. But hey, NFA, DYOR, you know... 🧠

RT @lava_xbt: $BTC weekly + 2W update 📌 We're currently looking at bearish divergence, weekly SFP, weekly cross down, and a double top at…

TOTAL2 showing a weekly SFP 📌

$EURUSD After shorting the 4H successfully, I fumbled the 8H short. I closed it right after entering — there was some logic behind it, but ultimately it was a mistake, as I didn’t fully accept the risk of the trade. My reasoning: it was a B setup due to the bullish MS on $EURUSD, so I risked 1/2 size. Letting it play out would have been the right move (and a good loss if stopped). Plenty of lessons for the journal here. Moving on, the next area of interest is a MTF bullish level. I’ll look to go long here with larger size, as the chart is showing strength with a BOS + SFP at the bottom (on higher TF). There are 3 red-folder events later today, so I won’t risk full size on LO — these events often wick people out before the real move plays out. If price is far from CMP, I’ll hold the LO’s.

In regards to eth either 2 scenarios make sense to me. We either frontrun the prev ath target by a bit and retrace quite decently or we just break through ath and do a SFP! To me 2nd scenario has higher probability atm.