We experienced another sell-off in cryptocurrencies, bringing BTC back below $59K. As a reminder, we still have a second limit set at $55,236 for a Bitcoin swing trade, and we plan to hold this position as we approach this level. This limit has been in place for several months, and sometimes patience is required. Our limit is precisely at the 24 Q1VWAP and 21 VAH, aiming to capture the resting liquidity below the recent low in May.
For ETH, we are watching the 22 Q1VWAP and 21 Q3VWAP levels to hold, as they have successfully done so four times previously. This would be a favorable retest, potentially leading to an attempt to reach the
4K range again.With both BTC and ETH, we are anticipating the end of this sell-off, considering potential spot purchases in BTC and some altcoins if they experience another (maybe last) downward move.
🏆 Telegram - t.me/stromm_trading
⚡ No hype. No Bullshit. Just join me when you're ready – over 550 are already there.
⚡ No hype. No Bullshit. Just join me when you're ready – over 550 are already there.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
🏆 Telegram - t.me/stromm_trading
⚡ No hype. No Bullshit. Just join me when you're ready – over 550 are already there.
⚡ No hype. No Bullshit. Just join me when you're ready – over 550 are already there.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.