Lots of people saying sub $300. I don’t think so. Highlighting my support range here. Let’s see!
Prediction based on HTF market structure on a weekly chart. I'd like to see a small move down early next week into a pump up to the last weekly up-close candle (green) (also .5 retracement) and then down for a lower low into golden pocket and lower structure.
I would like to see a retracement to about yesterday's high to the highs of the range.
I'm thinking something like this for my next BTC swing. I expect it to go lower and grab a bunch of sell stops below 4 recent lows before bouncing off the key level and heading higher. I am still expecting lower prices over all, but I think we'll see a move up first.
lots of confluence to support this idea, but would be quite bearish
This is looking like an impulse down - I'd like to see a little further down before a bit of a bounce and ultimately taking out the dnPOC at 35.5 and re-testing the 35k monthly. Thoughts?
Since SPX is rejecting from the 1.618 extension almost exactly, it's looking to me like an Elliott Wave impulse starting a wave 4 correction. That would bring price down about another 3% to the range POC/.382 - .5 retracement (a zone around the top of wave 1). Speedfan and fib time pull for approximate time.
This is the next support zone I'm looking at if there is a significant drop. 40-42k was really well defended on the rise, this would be a re-test of the old range, .618 retracement, 2 untapped daily order blocks, and high volume node of the 2021 - present range, plus a "breakdown" of 40k to trap shorts. I would prefer lower, but this is the first zone I will be looking at.
Bitcoin is facing resistance from .786 retracement (pulled from 52k high), but I would ideally like to see the high pivot at 48.5 taken out as a liquidity grab/swing failure before heading lower. There is a mnPOC and order block just above the pivot.
I found this well respected ETHBTC pitchfork with ETH currently bouncing from the bottom of the fork. While BTC is ranging, I'd look for a move up to the midpoint (with .618 confluence) and potentially the high line of the pitchfork.
The next potential trade I'm looking at is a short trade off a swing failure of the previous high right into the untapped daily, dnPOC, anchored VWAP, and high volume node of the current range. Stoploss is unspecified until the data is in.
Cardano/Bitcoin approaching big support - s/r level, .786 retracement from last impulse low, and VAH of entire chart from 2018
This is the only zone I'm interested in to compound my long, otherwise I'll be looking for lower prices. dnPOC, daily order block, single prints
Nice confluence between range VAL, .5fib retracement, nPOC - plus would be nice to take out those poor lows at around 35.5. Bears will think the ascending traingle is breaking down and trap shorts.
Made some adjustments to some BTC session templates I've seen. This one has VPSV and updated session boxes as well as pivots and previous day/week/month values. Would love to know what people think.
BTC approaching my next support level - bottom of channel, .75 speed fan, VAL, nPOC, time POC, a .618 retracement, monthly level plus fib time - .618 of the move up. Definitely an interesting level with lots of confluence.
First of all, I probably will not trade this because it's GME, but I MIGHT... Lots of confluence around the $105 area - two seperate macro .786 fibs levels, a monthly close, and the VAL of the whole range, plus $100 psychological level. I would normally look to trade a setup like this up to the POC and then the VAH. Stoploss tbd by structure - data doesn't exist yet.
This speed resistance fan has been very well respected. If price doesn't make a higher high, I would expect a re-test of previous resistance at $58 which is also .5 fib retracement, a fresh daily level, and an old weekly level. Would potentially trade up to 1:1 extension.