Athantonios

Athantonios

I am currently out of my longs a little bit shy of 24k as I am starting to see signs of weakness. Bearish divergencies are starting to form on low time frames, SPX on resistance, US100/US500 on resistance, Total Market Cap on resistance, BTC seems like it is about to form an SPF on the daily (and potentially on the weekly too if this keep going that way) In the...

Athantonios

Price has been rejected from the 22500 resistance. To be fair, this is the most significant resistance we have on the chart right now considering that it is both a daily resistance and the 200W MA which has been acting as support in the past and should now act as resistance. The way I see it there are two basic scenarios here: A) Bullish Scenario: The price...

Athantonios

Hey all! It seems like my idea (posted 3 weeks ago) about a potential relief rally is coming to fruition (with a bit of a delay). I'll keep this analysis quick and simple by giving you all the possible resistances and where I believe the bear market bottom is. Here we go: Red lines: The red lines are all my price targets for this relief rally. I give emphasis on...

Athantonios

18970 area used to function as a weekly resistance in November 2020. The moment we broke through and flipped it as support we had a huge pump. Likewise, bulls must now defend this price on a weekly level if they hope to see a bounce higher. Should they fail to protect this level I suspect we will visit the green box very soon. Some other important prices on this...

Athantonios

ETHUSD has had a RS flip on 1068 level. What was working as support now seems to be working as resistance. On top of that we see RSI testing its moving average, MACD about to have a bearish retest on its reset axis (on 0) and ETHUSD average price increasing while volatility and volume are dropping. Should the triangle (white line) breaks bulls must defend the 1012...

Athantonios

Morning/Evening all! BTC has entered a very choppy range, which means the price moves in a tight range bouncing between many levels chopping positions of all market participants, shorts and longs alike. In this picture I have marked and mapped the choppy areas as well as the zones that should be considered Resistance and Support. There are two ways to use this...

Athantonios

Hello again! Here's the whole clear picture so far: - We were in a bigger range (20k - 22.5k) - As soon as we lost 20k (bottom of that range) we broke down to 17600 (which is the daily low of 11th December 2020 - the last red day we printed before the beginning of the new bull market. Those numbers are not random. More on that in another post!!) - After breaking...

Athantonios

In my previous post I published the idea of a massive bear market rally. This idea is still in the books, however, it may take days if not weeks to play out (if it does) As a result, it is important to spot local tops and re-balance lower (not just to maximize your profits but more importantly to avoid getting rugged) When we started the daily, the main idea was...

Athantonios

Local bottom was found exactly on the 3D lows of the 2020 consolidation (before the breaking of the old ATH) Today's daily candle has made higher lows, higher highs and is a bullish engulf candle. On top of that the close was exactly over the daily resistance of 20400 (coincidence?) Also MACD shows the local bottom is very likely to be in and we're now preparing...

Athantonios

Markets tend to hunt liquidity and so there are often gaps that need to be filled before the market moves on. In summer 2021 the market went back to fill the gap shown as "A". We printed many daily candles in there, exhausting selling pressure. We found a bottom and moved on. On the way down area A is considered "exhausted" therefore the market has no interest to...

Athantonios

This looks awfully lot like it wants to slow bleed, then range on support, then puke to next area of support

Athantonios

If history is any indicator we shouldn't expect any pivots in monetary policy until 10Y Bond Yields come down to Interest Rates or Interest Rates hike to the former's level. For 10Y Bond Yields to come down we need to see lower inflation or inflationary pressure.