- Consolidation has finally been broken and we are seeing a breakout on the downside - Tried twice to break back into the channel as a retest of the breakout - Now strongly closing below 5.1 will signal the start of the second wave of the Bull run and altcoin season(dependent on BTC dominance falling) Need the strong close below 5.1% to feel comfortable full...
Three scenarios(Bullish Case): 1. It pumps today, we see a massive pull back to 57k 2. Pulls back from GP before pumping to make a swing failure pattern 3. Pulls back today, this was the bottom(unlikely) Expecting Scenario No. 2. want to see some sort of pull back today, trapping longs before one more dump Alt coin season starts with this dump
Currently: - At GP - Bullish divs(1h) Plan: - Fills bearish FVG - Makes lower low but higher low on RSI (bullish div on a higher timeframe(4h) - Still remains in GP, matches rest of the market timing for week 3 pump in october
- GP - FVG - Trendline retest - Aligns with the timing of a open monthly low close monthly high Targeting the previous highs, looking for close above or can hold this if we get a bullrun. Target would be a RR of 3.25 Entry: DCA at GP levels OR Market long when there are bullish divs on the 15 min and/or 1 hour in that area SIMILIAR SETUP on a lot of other coins
- USDT.D approaching strong support level - Markets are overheating a bit, expecting some pullback for the new monthly open and then a break down below this channel - If strong bounce here then no bull run for these two months(unlikely but possible) - Took TP on all my longs and moved SL to atleast BE
- bearish div Swing point 4 hour resistance zone Btc at a major level
Multiple bearish divs forming on short term long term big breakout, needs to retest and validate this move expecting pullback today.
Idea: - Bullish DIV - liquidation wick taking out the longs - swing point - close above the the previous lows Entry: - Enter from 50% retracement to GP, comes out to 50-75% of the liquidation wick - One Entry: Lower time frame bullish divergences - DCA: 50% and GP levels High conviction, low risk DCA is better entry option
- GP - swing point - RSI oversold - lower timeframe lows losing momentum