Yes, the market structure isn't really broken and it hasn't lost any major support Yes, it can go higher, a lot higher, and yes it's been one of the best performers of this cycle . Which makes it rather risky to short it. But it doesn't change the fact that it: - Failed to beat critical levels - By being one of the best performers, retail is loving it. -...
Hello friends, long time no update. I'll kept the chart clean and simple. Fail to break the levels above = orange coin goes for 49 at least, and imo 42-36 eventually. Breaking them probably takes us to 86k at least. All of these levels are confluence of fibs and volume, which gave me 15k bottom and 73k top. Trade safe.
Ok, although i'm super cautious at the current levels (and have been like that since ath) and think that we've been distributing, i don't want to be biased to the one side blindly as nothing is clear yet and bitty has been strong in this range. Here is the most bullish idea that makes sense to me (as in, going higher without any significant low). If things...
The trend has turned bearish. My swing trades will be shorts, probably until 28-21k. But I'll start buying soon to sell on the way up. IMO chances of going above 48k top is 25%, and I think you should consider yourself happy if it can reach 44k. Here are my buy levels based on fibonacci, vwaps and volume profile.
Ok, maxis can start making fun of it because 10k is shown on the chart, but I'm a trader and I trade probabilities. Even if the idea is correct, it won't get there straight and it won't get there in one month. We have three untapped yearly vwaps since 2016, both identified on the chart. I think the first one (at 28k) will come between march and july. The second...
In my last BTC idea i said it wasn't a good idea to be bearish and it turned out, indeed it wasn't. Idea here is self-explanatory but it can look more cluttered when shared so a little explanation. The whole thinking is shaped around the Nasdaq fractal and an up only scenario, which is unlikely IMO. Between the three, blue option is my favourite as it'll stop...
One of my favourite assets as it respects my strategies very well. I could be completely wrong with this one and as usual I'm playing level by level. The substructure is very difficult to outline for now, but I'm watching 4h and daily charts in the interim areas marked on the chart for potential internal trend reversals. I'm aware of the bullish scenarios, but...
I got myself some bags from the blue box, but if they're kind enough to offer the green box as well with nice bull divs, I will return the favour and sit on my hands for a few weeks/months.
DOT is another asset I trade maybe once or twice a year - I gave up trading it after the 2021 top and I saw many people got burnt trying to long it over the past few months since bitcoin's 15k bottom. I still prefer lower targets, but time is at an important place so I might be too greedy to wait for it. Still, if lower targets comes within this week and the...
Same fib play that I used to point many HTF reversals such as: I never traded CAKE and not trading now either because I prefer fresh narratives - but a good RR trade is there if you're interested.
Just a late-night brain dump. I've been trading IMX and WOO for the past 6 months almost everyday and noticed they respect my strategy in similar fashion - so i wanted to look for a correlation between their price action. To my limited FA knowledge, they don't have anything in common at all, but that doesn't matter at all. With fractals, I don't care too much...
I've been suggesting further upside on BYBIT:DYDXUSDT.P and for alts in general for a long time, but dydx has been one of assets I traded best, feel free to check the charts below for how HTF ideas played out since march/january. At the moment it's approaching to a big resistance area I highlighted before and already looks like a deviation of the range (at...
Ok, we nailed the bottom for BYBIT:DYDXUSDT.P with the HTF idea. I'll add my EW counts as a comment to keep the chart as clean as I can. PA wise, my main idea is to go a bit higher, pullback, then run towards 5$. Disclaimer: The setups given aren't the way i'll play it. I don't like using stops in areas like this where I'm confident we'll reverse eventually. I...
Sharing this idea as a reference to my primary HTF view - the chart was going to be too messy otherwise. I don't have much experience in trading harmonics at all, but often I keep an eye on them as they respect fibs levels I trade a lot. Also, maybe just a personal observation, but when i find it more difficult to trade, and it takes ages for the price to move...
I've a small long running from the low we just put in, but considering the news events on Thursday and Friday, it wouldn't surprise me to run the lows. The first level is my favourite front-run confluence, and has tight invalidation. This trade could be stopped out with a ltf wick, so i'm planning to enter partially with limit order and add to position after...
In my last BTC idea a month ago, i said it wasn't a good idea to be bearish and it turned out, indeed it wasn't. I wasn't sure what to expect to the upside but things look clearer now. I shared an up only scenario as well, but this type of play is my ideal scenario since we stopped that insane pump. The idea is mostly shaped around Elliot Wave and Volume...
Almost two months since my last BINANCE:BTCUSDT updates. - these are the areas I'm interested to get a reversal, else, bearish/chop scenarios gains more confidence.
I have a short running from almost the pico top, but looking to compound my position in the coming days. This analysis is mainly based on PA and supported by EW - which is not my biggest strength. Please read to understand my thought process. 1 - Range play. If it bounces from the deviation fib and gets accepted in the range, 70% of the time it goes to mid-range...