Edward Morra

In the last 1-2 years I started to trade less frequently & more patiently.

In the past, I would flip-flop a lot, overmanaging my positions.

What helped me a lot is having several positions of the same coin. Different setups for different goals. Running core positions + mid/short term trades.

It helps me to control fomo + I can fix partial profits while not touching core position (if I’m still bullish on it but think correction is coming).

In order to do that I open positions on different exchanges, different pairs (USDT, USDC), combining spot and perps (can also hedge). Different positions have different TPs and risks/size I allocate.

$BTC | Update

Closed the remaining of this perp long position from November.

Longed ~$70k average -> Closed $97.9k last
Around +40% profit
Trade duration: 63 days.

Still have my $BTC spot. Looking to long on perps again in low 90s if market gives. I’ve closed this trade because idea worked out + tired of paying funding.

$DOGE

Closed the remaining of this position last night.

Longed $0.156 -> Closed $0.392
150% profit

Good shit

$SUI

Imagine SUI doing something like this?

If I had some SUI - I would be taking some profits now. Good chance it gives a lower entry. If wrong - look for price to close above recent high again to flip back bullish.

https://www.tradingview.com/x/UQuhjux9/

$ENA

Post trade analysis and self reflection.

I’ve entered the trade on Dec 20, the day of the big nuke. Bounce was instant and solid, around +36% from where I entered. I decided to hold it and it basically did nothing and now more than 2 weeks later we just back to that level again.

“Held for too long.”

This is a problem I’m sometimes facing since I trade way chill and less emotional these days. I don’t get much FOMO, make almost no irrational or reckless trading decisions (compared to my first cycles), it’s been years since I had a liquidation or a big loss. That is a good thing to be patient and chill during bull markets, quite often you get rewarded for that. But not always! Like, take this last November-December - we had a short lived alt season and you had to be pretty quick to take profits. I kinda did but left a lot on the table still (in terms of profit). Since then alts given back most of their gains retracing pretty deep. I could have re-enter instead of holding for too long. Gotta be flexible and nimble.

https://x.com/edwardmorra_btc/status/1875511289138835542

$DOGE

Killer trade, up around +36% on my last buys on spot. Was able to put good size into this one.

Fixing profits here. Pretty satisfied with the trade. GG if you joined! 🤝

https://www.tradingview.com/x/FHo4XFiq/

$AVAX

Fixing some of my profit on this bounce. Up around +17% on my last spot buys.

Still have my core AVAX position. Hoping for a bullish year for 🔺 coin

https://www.tradingview.com/x/tOmgmtVJ/

$SOL

Solid bounce, up around 20% on my spot buys.

We are up against a local resistance here (-OB and 0.5 Fib) so I'm taking some profit now.

https://www.tradingview.com/x/9R3ywyjf/

👨‍💻Been a while since I shilled a Bybit to you guys but trust me you don’t want to miss it.

Bybit is celebrating 6th year Anniversary! $1.2 Million prize pool + giveaways campaign!

What you can get:
▪️Airdrops (BTC, ETH, SOL, USDT, BBSOL)
▪️Physical Prizes (Gold, Rolex, Tesla, Apple etc)
▪️Vouchers (Bonus, Zero Fee, Position airdrop)

What you can do:
▫️Complete tasks to receive bottles
▫️Feed your pet to increase level + get equipments
▫️Claim Free rewards everyday! (Dont forget)

Campaign ends 6th of January (a week left)!

Use my link to get boosted rewards + guaranteed prizes:
👉 https://partner.bybit.com/b/bbsol_3863

$DOGE

Update: up around +20% profit on my buy. Looking for the price to get accepted back inside the range for continuation

https://www.tradingview.com/x/fDx86Ko1/

$ETH

Update: filled both boxes ($3400, $3200) ✅

Both buys in profit

https://www.tradingview.com/x/DB6xYvfJ/

$BTC

Update: played out ✅

Now its not the time to panic.

Grow some balls and bid!

$AVAX

Adding some AVAX here around $35, have more bids below at around $33

Good area to bounce from

https://www.tradingview.com/x/Q1k9LeJ4/

$DOGE

Bought some spot DOGE in green box.

Good area to bounce from.

https://www.tradingview.com/x/1DwKu3xx/

$SOL

Buying back some SOL I sold at $260 here at $180.

Send it now!

https://www.tradingview.com/x/5Cev1TN6/

$BTC

Grab some liquidity and bounce? Please

As for altcoins: our best hope to see the strength while BTC testing lower (as on the chart) - that way we know alt season is not over yet. But anyway the bottom must be close

https://www.tradingview.com/x/cwKhy8Uh/

$ETH

Reached the target ✅($4093)

Now, testing 2 demand zones I've marked before.

Filled some bids here and have the rest around $3200 waiting. Bottom must be close!


https://www.tradingview.com/x/tH5rUTuu/

Thinking we might see a correction this week (end) to clean some leverage before we can resume to new highs and start a Santa Rally.

Don't short anything. Prepare to buy the dip. We are entering the most crazy part. 80% of profits will be made in 20% of time (alts). Get ready!

$100k

Truly a historical day!

$LINK

I'm still in this position. Up like 100%+ since entry.

LINK marines never give up

$ETH is chadding up and just simply won't give you an entry, sorry

$EOS

I'm all about transparency with my trades, so I'm glad to announce that I'm officially well over water on my buys from last year.

Fixed some profits here at x2 from my entry, letting the moonbag run

$POL

Matic is up +125% since entry.

Keep holding strong!

https://www.tradingview.com/x/LBV6h8lJ/

$AVAX

🔺Red coin pumping nicely!

More than +100% since my last tweet. '24 high next imo

Higher quality chart:
https://www.tradingview.com/x/cb7tAGKh/

It’s incredibly difficult (and stupid) to predict cycle top price. There are no levels, only air above.

However, we can use Fib extensions to make a guess. I don’t know how high we go this time but at the minimum we should be expecting ~$122k

This is based on Fib range extension 2 + Fib extension 1.618 from ’19 bottom to ’21 top.
Both Fibs were measured on a regular chart, not logarithmic (numbers are crazy there)

$ETH

Still riding this position although I wasn't able to add more.
ETH trends are notoriously steep so consider price wicking into $3410 or $3220 (not sure about this one) a gift.

Higher quality chart:
https://www.tradingview.com/x/adCdcENx/

$SOL | Update

Fixed some profits at '21 ATH (~$260). Now, down to 1/4 of my position.

Will be trying to buy back a bit lower ($212-$202).

Pretty happy with how I handled this trade. Bought $113 during summer -> sold $259 for a 130% gain.

$BTC | Update

$100k was missed by a hair. I ended up frontrunning it by closing profit partially at $99618 (Fib).

Bought back some at $91.1k (daily level). Now back to 2/3 of original position size.

Will be looking to add even more lower.

$BTC

I feel like we're forming a consolidation range here. Price action needs to breathe a little before we continuing higher.

Still holding all my core spot positions + leverage plays. Interested in adding lower if we get there (a sweep of $88k liquidity for example).


Higher quality chart:
https://www.tradingview.com/x/OQJ8swh1/

All that buying ($5.4 Billion!!! in a week) and we couldn’t get above $100k. I think its gonna take us a while before we break past it decisively.
Market needs to cool down and consolidate for some time (maybe 2+ weeks), I have trimmed some leverage exposure to fix profits but leaving my all my spot holdings. Will be looking to buy the coming dips.

https://x.com/saylor/status/1861033309934862601

Thanks God I sold my claim earlier this year.

Even after considering the fact I got < 90% of my claim (I sold in April) back - I'm still in profit since I bought crypto that went up during that time.

By the time creditors get their money back (March '25) - markets gonna x5 even more. This will also mark the local top most likely.

▫️More details:
https://x.com/FTX_Official/status/1859643725183602788

$SOL

Still holding my long entries from summer. Nice profits (100%+ on spot, no lev)

https://x.com/edwardmorra_btc/status/1859618814784053627

$POL

Around +37% since my entry. Its only a warm-up so far.

Holding strong!

https://www.tradingview.com/x/Rn0V7pdz/

$ETH

I've entered some fresh ETH longs after we closed that daily above $2830.
My entry is $2888 (I also have spot ETH from lower).

Still holding & will probably add more if we dip below $3k again.

As much as ETH is hated it will inevitably break new ATH. Don't let anyone convince you otherwise. Its been like that for many cycles. It was always lagging behind BTC first.

Higher quality chart:
https://www.tradingview.com/x/arsj23ti/

$BTC

Still holding my lev long (2/3).

Will be watching $100k as a potential profit taking area because of meme round number. Spot is untouched though.

Higher quality chart:
https://www.tradingview.com/x/AzO1rMza/

$BTC | LTF

Possible liquidity run just below $85k followed by a bounce.

If it fails I have my eyes on $82.3k level.

Still holding my longs from $68k. IMO this is a healthy correction before we continue higher.

Higher quality chart:
https://www.tradingview.com/x/WgOEtirQ/

https://x.com/edwardmorra_btc/status/1856290780249297407?s=46&t=XuD_8NTct8mdlaN547c0bw

$DOGE

Closed another 1/3 in huge profit here. Leaving the rest as a moon bag.

Absolutely monster trade. No time wasted + any size.

CME gaps are memes during a bull market?

I guess we'll find out sooner than later. Buy dips when it happens.

Disable red button.

Higher quality chart:
https://www.tradingview.com/x/Cb9IJLcC/

$BTC

Holding long and strong.

Could see us correcting on Monday to possibly close CME gap down to $77k but in a bull market you usually buy Monday nukes.

Disable the red button

$DOGE

Riding the rest (2/3) of my position. Up 60% since entry.

DOGE rallies were always a sign of upcoming alt season. Don't sell too soon.

$ETH

The time has come!

Bullish daily close above ~$2830 and we off to the races.

Hated rally!

Higher quality chart:
https://www.tradingview.com/x/NrGth118/

$AVAX

FA + TA

Gaming blockchain. Huge success of games like "off the grid" (around 1M MAU) and recent Avax9000 gaming grant makes it a good bet.

I'm adding more $AVAX to my portfolio. Don't think we make new macro lows.

Higher quality chart:
https://www.tradingview.com/x/C2VCvpxW/

$POL

Polymarket is the most important app of this week. It accurately predicted the election results beating all experts/analysts. And its built on Polygon (MATIC)

Bullish reclaim of '22 low will make the chart look fantastic. I'm a buyer.

Easy x3 from here.

For higher quality:
https://www.tradingview.com/x/KQbrwE6m/

$BTC

For proper ATH break we shouldn't be closing below ATH on a daily basis imo. Wicks are fine as long as we close above ~$73850 today for continuation of the trend.

Another option - we consolidate right under ATH to build up liquidity (momentum) above and blast it later.

For higher quality chart:
https://www.tradingview.com/x/ftwSJlxn/

$DOGE

Up around 40% from entry. Best performing large cap!

Trimmed 1/3 of profits, letting the rest ride for now!

Thanks for playing!

gm!

$DOGE

Started adding some $DOGE and set my final bids at around ~$0.144 just in case.

If Trump wins - this still has legs.

$BTC

Must-hold area for bulls here imo.

I have filled some fresh longs in green box.
Will cut it if we close below $65k (!)

$ETH

When BTC decisively breaks past ATH it’s only a matter of time before ETH plays a catch up.

I don't make the rules.

$BTC

In case there is some weekend shakeout thing. This is the dip I would like to add.

Don't puke at the bottom

https://www.tradingview.com/x/Lgw68V4K/

$DOGE

If you hold some DOGE, here is the chart with some targets for near future

https://x.com/edwardmorra_btc/status/1847244660902891848

BTC Dominance to at least 60%+, then alts season

https://x.com/edwardmorra_btc/status/1847236724805730728

$BTC

Everybody already posted about this diagonal a million times but still, feels like price been coiling up for long enough already and we can see an explosive move soon.
Whenever that happens - expect high volatility, we have been ranging for 8 months. So, be careful with leverage. When BTC sends - most altcoins probably going to suffer first, this is usually what happens (BTC pumps first - alts suffer -> BTC consolidates - alts send).

👨‍💻Big FTX Update

FTX repayments are coming and it’s time to finally make a big update. I know a lot of you are wondering whether you should wait till the official repayments or sell your claim now? When can we expect repayments realistically? How much to expect?What potential problems can we face? Etc.

Let’s discuss below:

▪️When can you expect repayments?

For claims < $50k one time payment: Jan ’25 - March ’25
For claims > $50k multiple payments: Q1-Q4 ’25
FTX bankruptcy plan was approved October 8th -> effective date will be set within 90 days from October 8th -> repayments will be made within 60 days from effective date.
So, realistically as early as January ’25. Worst case scenario - March ’25.

▪️How much can you expect?

For claims < $50k - around 118%* of claim value. One time payment.
For claims > $50k - up to 142%* of claim value. Multiple payments throughout 2025.
*claim value is calculated at the time of the bankruptcy i.e. November 2022.

▪️How will you get your repayment?

Most likely wire (bank) transfer. This might be a serious problem if you don’t have a bank account or don’t want your bank to know about your crypto money. You might need to explain the source of those funds (how/when did you get them etc) and possibly face tax consequences.
Ideally, you want to get repayments in stablecoins (USDC, USDT) to avoid bank questions and taxes. Unfortunately, this is still not decided. Time is running out and they (FTX) need to find a distribution partner asap. Stay tuned and hope for the best. However, if you don’t want to deal with uncertainties and risks - your best bet is to sell your claim for USDC now before the official repayments so you can deploy this money right into the market. Claim prices are the highest they ever been and for some people this may be the perfect option. You can find out how much you can get for your claim here. Let’s discuss whether you should consider selling your claim below.

▪️Should you sell your claim now or wait until official repayments?

Not financial/legal advice, DYOR.
▫️This is really something you should decide yourself. In my opinion, for claims under $50k - probably just wait until official payment. You will get it in 1 time payment. Unless of course you need that money right now and/or have a clear plan on how to use it to frontrun others who will most likely deploy money right back into crypto as soon as they receive it.
▫️For claims above $50k - it’s a tricky situation. You can easily get well over 100% for a large claim now. For 20-30% you are missing (remember official repayments for claims over $50k is up to 142%) you are not sacrificing up to another year of waiting till you get your whole repayment back. Considering crypto might easily pump 20-30%+ in a week, then selling a claim now and getting that liquidity before everyone else might be worth it.

If you decide to sell your claim or wondering how much can you get for it now, I recommend checking out FTX Creditor. I sold my claim (link to post) earlier this year and can absolutely vouch for them. Quick and smooth experience (can sell your claim within 24-48h, paid in USDC directly to your crypto wallet of choice).

Fill in the form to receive a quote on your claim. They are buying claims under $50k till 19th of October (4 days left). Larger claims till November. Use this link to get a better (best) quote:

👉 https://www.ftxcreditor.com/sell_claim?afmc=0007G8G3

$BTC

CME gap is filled!

We did it, bulls!

https://www.tradingview.com/x/zJO9vb4j/

🔔Large amounts of crypto seized by chinese police from chinese ponzi scheme "Plus token" in 2019 began moving few hours ago. They have around $2 Billion in ETH that can be potentially transferred.
This doesn't mean they selling it (at least for now) but pay attention if they start deposit into exchanges in the coming days.

https://x.com/lookonchain/status/1821136313640481006

$BTC

We now have a fresh CME gap to the north. Usually all gaps are filled after.
Also, gaps aside these type of high volatility rapid nukes tend to retrace almost all the way, so keep holding your coins!

https://www.tradingview.com/x/Q4WTrTaR/

💭Current market thoughts | Black Monday

A lot of bad stuff happening at the same time:
- Middle east war tensions (Israel - Iran)
- Japan's market crash (YEN carry unwind), worst dump since 1987
- Stock market crash around the world: USA, Asia - Taiwan's worst day in 57 years etc.
- USA election, interest rates etc
- Biggest crypto shops and market makers (Jump, Genesis) liquidating hundreds of millions of their assets in ETH, SOL etc
- MtGox and Grayscale supply pressure

Really can't think of a worse scenario than what we have now. And its all happening simultaneously. In moments like this - its important not to lose hope and try not to overtrade / make big mistakes. Obviously, things will get back to normal sooner or later. Market had to deal with some bogeyman from the past, especially MtGox, Grayscale, governments selling (Germany, Usa). Once bad actors are out and supply overhang is absorbed - its going to be a smoother ride upwards. More than a billion $ was liquidated in the last 24h. These type of black swan events are pretty rare. Last ones we had were: FTX collapse November '22, massive nuke in May '21, covid-dump in March '20. Market always recovers after, and those who were brave enough to buy made handsome profits.

I started buying already yesterday (was a bit too early but anyway). Also set some more bids lower before bed and to be honest didn't think we would fill them and fill them so fast. Woke up completely underwater. This sucks but this is not the end of the world. Years of experience taught me to spread bids and never go above x1 of account value (no liquidation price). So, its time to be patient and wait for the recovery now.

I bought mostly SOL, BTC, ETH and some other alts (NEAR, SEI, AVAX etc).

$SOL | Update

Around +30% on spot.
Makes sense to shave some profits if you followed.

Thanks for playing 🤝

👨‍💻Germany is finally out of coins to sell.

https://platform.arkhamintelligence.com/explorer/entity/germany

💭We are still in a bear market (kind of). Bull has yet to start!

Let me explain 👇

This might be an unpopular opinion but few days ago I tweeted that we can still be in a bear market. The reason why this cycle feels so weird and empty is because ETF was introduced earlier than market was ready and kinda speedran the whole thing and we made a new (albeit small) marginal ATH. This led people turn bullish on everything else as well. On top of that we had a memecoin mania that also played with everyone. This is just my opinion but we made a new ATH way before we suppose to. See, historically BTC only was making new high after the halving (usually up to 6 months or more). This time we made new high before halving and failed to continue despite ETF flows. Majority of altcoins (with exception of few newer memecoins) never entered a bullish phase, some are retesting or even making new lows last week, suggesting we might still be in an accumulation. Weak price action across the board (including BTC) only confirms it.

Therefore, I think Q3 of this year has a nice chance of forming a real bottom and we see an expansion in Q4. We also have some solid fundamentals going into autumn. Lets review some positive signs (+):
▫️FTX might finally repay its victims around $15B by the end of this year (+)
▫️ETH ETF is coming quite soon (+)
▫️US elections, rate cuts, seasonality (+)
▫️German government will soon run out of BTC to sell (+)
Some negative factors:
▫️MtGox repayments. It can really take a while with this one but also it means the impact on the market will be spread out much smoother (-)
▫️Grayscale trust (both ETH and BTC), they still have a lot to sell but hopefully they will be more careful with execution (-)

Overall I think we are quite ok and headed into a bullish season finally. Definitively not the time to give up! Keep your morale up!

https://x.com/edwardmorra_btc/status/1809314690553770348

👨‍💻Government of Germany has been selling its confiscated BTC for a while already. Initially they had around $3B worth of BTC.
Today was the largest outflow so far, almost $1 billion was sent to exchanges (presumably to sell). They are sending it across several major exchanges such as Kraken, Bitstamp, Coinbase etc. Now, the good news is they only have half left (~50%). Another $1.4B

Given the immense sell pressure we are still holding relatively ok. If today daily candle closes green - that would be a nice sign of absorption.
Once we clear this supply overhang - we can stabilize.

▫️Link to Arkham dashboard where you can check out how much BTC Germany still has:
https://platform.arkhamintelligence.com/explorer/entity/germany

$ETH

Sticking to my plan. Added back more ETH.

ETF pump candle fully retraced. Send it!

https://www.tradingview.com/x/D1Qf1B5x/

$SOL

Started adding some $SOL on spot on this retest. Betting on this triangle fuckery pattern.

https://www.tradingview.com/x/tSgMyEST/

$SOL

Triangle fuckery typical for crypto.

Stop out buyers -> trap sellers -> back inside the formation.

Lets see how it plays out, not setting any limit orders yet.

https://www.tradingview.com/x/tc009AGF/

$ETH

After taking some profits in $3900s, I'm looking to add back (+more) at the levels below.

With impending (inevitable) ETF coming, I see no reason not to add (yes, I am retarded).

https://www.tradingview.com/x/LpQZQ6UI/

$BTC

Looking to bid this bullish level just below $63k. Bulls - rejoice!

https://www.tradingview.com/x/RCSWXlAg/