BTC quickly swept the highs from yesterday but closed the 4hr under 45k This indicated a liquidity grab that moved price back down where we expected it to go Still targeting last weekend's CME gap, with some grind down over the weekend we would reset a lot of the higher timeframe metrics. If we get the same Price Action as the past weekend keep an eye on...
BTC Weekend consolidation create a CME Gap below us - Google CME Gap for more info on that The Key Weekly S/R is going to be the level we want to close the week out at. Looking at the overall market we might have some pullback and a quick Long Liquidity sweep to fill the CME Gap. Otherwise wait for a Higher High out of the Local level Until then short the Lower...
BTC Bull Run 2021 Phase 2 is still going on Now that we have been up only for a while this may be the time to punish some Longs. I don't think this is the end yet, and I think we can retrace heavily to 53.7k and even 50k without losing the overall bullish structure. That being said there are plenty of other Factors. In the Video: I go over BTC, BTC...
BTC had some really great swing failures leasing to easy short scalps. Still bullish overall but we are overdue for a correction. We can still hold 53 and be bullish perhaps even lower. Just be aware of liquidation slides to th downside as they can hard and brutal. We also broke the trendline support If BTC dominance increases massively as BTC dumps then alts...
Last 2 Days BTC has been on a Tear! After holding the 40 to 41 level (and the long stops) we pumped out dramatically on the 30th. What appeared to be a potentially bearish enclosing monthly candle ended on September 30th pumping hard causing general market indecision in what was already an overly bearish month. This bullish close actually pumped above the...
Lots of interesting stuff the swing fail didn't play out and instead got short squeezed this leg up took us right into the old CME gap from May what this means is that anything we do in here will probably cause a quick move to fill by monday the last few stops are just above us from 49.8 to 51.5 after that it's a straight shot to the April/May Monthly...
Here we outline both the Bearish and Bullish scenarios and how to trade each one. We cover: - Bitcoin - ETH - BTC.D - ETH.D - DEFI
Wow! Caught the June High of 41330 (BTCUSDT on Binance) being broken on this little market update Now we are looking for a daily close over 40550 for the highest daily close since May on "Dump Day" A Super bullish daily close would be over the now broken June High of 41330 Other than that everything doing as expected; we want BTC dominance upward continuation and...
Unfortunately a slow day in Bitcoin with quite low volatility. Looks like the Market Makers are moving us into the corner between the previous June High of 41330 and the Upwards Trendline that took us to the High we are at. The end of the month is as far as they can push it. ETH also hasn't done much and has much further to go than BTC in trying to break its...
Described in detail in the video!
Delighted to be wrong in my bias from yesterday and to see that BTC came up and took the 39.3k zone which was my invalidation level for short-term downside. Price Action has been great for scalping today. Bitcoin Dominance still sending and going to test 50 very soon as ETH dominance is coming down. This is 100% Bitcoin season right now as alts are not reacting...
BTC did as expected and came back to the 36.6k support (check out the 5min mark from yesterdays video). Now unfortunately we are seeing quite a bit of weakness with a lower high and potentially another lower high. Bad Price Action looks like it wants to dump and break levels. 35k is the line to hold for me. CME gap is acting against us as it is right below it....
Going over the movement up from the low that we have had. Also testing out the Video Publishing function from Tradingview. Why did BTC move up? Well, short squeeze but also cascading Short Liquidations. I also go through Dominance and most importantly the DXY. Let me know what you guys think, other charts, ideas, etc in the comments
Bitcoin is moving on up, retaking the crucial Monthly Open and now on par with previous levels lost. The FOMO is strong but be cautious. The market is still extremely emotional, and we are only at 21 on the Fear/Greed index. What we really need here is good consolidation and for Bitcoin to form a base and hold the Monthly Open (MO on chart) Keep an eye on...
BTC dumped through previous High Time Frame support levels and potentially made a local bottom at 32k. We are still short from our signal at 36k and now the previous Support Levels (circled in yellow) have flipped to resistance. The macro symmetrical triangle has now been completely broken. With the Price Action being as cancerous as it has been, coupled with...
BTC pumped hard since the daily open this morning. We are currently at resistance so let us see if we can base here for a few hours and hit the Monthly Open. Key Take aways - - LTF overbought and many expecting deeper retracement before Bull Run restart - CME Gap exists above us from $57.5k to $62k (These are filled the vast majority of the time) We want to...
BTC busted out of the ascending triangle and the channel to make a new ATH! Let uss look for some consolidation here and hope some previous resistance acts now as support as we retest previous levels. Trend Master has been long for a while. The 4hr has been long since 47k so we are taking some profit here. Draw your horizontals and trendlines, look for BTC to...
We now have multiple touches on both the descending upper and ascending lower trendlines showing BTCUSD in a clear Symmetrical Triangle. This is not rocket science this is basic triangle patterns, trendlines, and Technical Analysis. These triangles more often than not respect the fundamentals and if it does so here then we are looking to break down to lower...