Looking at the Monthlty candels we can see that the pattern is forming it does not suggest a green monthly close. If there is gonna be a momentum cooldown candle i'll plan a long. If the downwards move is continuing strong I would like to see a big spike. (In this scenario bids at 16k and 11.5k)
Took some time away from the charts. I've almost saved my underwater long, i'm scaling out from the position. I'll open a leverage short at 25k, many confluences there. I personally think that it needs time to create a macro bottom, 16K and 11.5k is where i have my bids. If the 25k short goes wrong i'll start to use trend-following strategies to not get totally...
Let's go all-in, Great opportunity in my opinion. Manage your risk.
When you get tired to get rekt, I think the chart explains itself.
Until now i was right. Adding more to my longs, is a matter of supply and demand.
This is what i would likely expect to see now. Remeber that SP 500 is really close to a support and this move is way far overextended. 2 weeks ABCD pattern is basically completed.
My algo shows high demand at this levels, i'm buying in spot (1/3 of my capital). No capitulation yet but markets works because price is unpredictable.
I'm going to take a trede on this supports lines confluence. Despite my bearish view on the monthly, few days ago i've reboght a very little bag of BTC thinking to a possible massive pump due to the huge candle(sigma spike) printed on 1D TF. Well that small long is currently under water and i want to Fix my average price in order to close part of it in break even....
At 4H BTC is bullish. The daily is still under ATR's resistances but the chart has printed a god candle. I still think we need another leg down on the Monthly. Caution is the key.
Just remebered to have some usdt left on my second bybit account, I thought to withdraw them but at the end i've decided to take a lovely 40x short on ETH.
After my last post i've decide to share one of my favourite spot/low leverage strategy to support my long position. Is based on order blocks and the "demand" area we find under. Just want to precise that when i write "invalidated area" i mean for my strategy, not in general(you can find an area under order blocks that works as reversion area also if price bounced...
Leaving for a moment BTC macro structures, i want to go down to the four hours where we can see that this last dump was in some ways predictable. I have no idea if we should expect another strong dump leg from here, but i know that price is more likely to do some accumulation before the nex strong , or at least decent, bull move. On the chart fractals can be very...
Risk reward ratio is getting worse for sellers every time we dump. SeP 500 is close to support. Factals have been a caos in the last weeks, market needs an organic absorbtion. We are close to a 1W logarithmic regression line and to a macro POC. Be fear now is stupid. Overleverage is stupid. Buying according to fix your avarage price is smart.
Just spended the day on fractals, this is what i came out with. I personally think is needed a move like this to shake out all the new trades that approcced crypto. The main reason i don't think we will end the bull run with a blow off top is due to the non-parabolic accumulation we had before the 2021 rally. My guess is that we are in a huge accumulation phase...
This fractal is not super congruent but i think the shape has been keeped well.
This what the price should do to keep the shape of the fractals of april. Breaking HH might be a invalidation.
I'm using this chart in correlation to another please watch both.