I think we run the range highs before expansion down or last push downwards. So will be longing to short near range high, which would have easy invalidation. Right now I am long looking for 17.5k on BTC and 1340 on ETH. Good luck lads. Will post more charts here now. It will help me practice my ideas being discussed and criticized to gain valuable insights...
Looking for 10.45 here. BTC might be gearing up for a move towards 47k. Good luck
Potential H&S breakdown here with targets mentioned here. It is possible this was dead cat bounce, We will know in know. Good luck.
AAVE is looking a bit weak here, but Defi has the tendencies to pickup rather quickly than the others in the market. If we are to expect a dip from BTC, these will be my potential targets for shorting and then buying back.
AXS maybe heading down the channel here, I am short from 19.
I have to admit the weekly chart does not look good, and lines up with my rendition of Wyckoff Schematic. Depending on the flow of money (which right now does not favor BTC) we could be seeing 20k in the coming weeks to complete the schematic. Decreasing volume is always a concern, also this major correction could add fuel to boost BTC in long term. We may not...
Quick in quick out with tight SL. H&S forming on the 5mins chart
A potential opportunity for long scalp here, targets nearly 8-9% from here. Be patient in your entries, and plan your exits.
Fibs have been very useful in predicting the direction of AXS, i have taken a few based on it. Previously I tried shorting it @8, but I learned my lesson there of not going against a strong momentum.
I drew this last night before sleeping, i thought that this will be the most favorable outcome according to TA. Took a little short position at 33k. The projection has been playing out well, I would be careful in this region as BTC can pivot here, or head down further.
Rejected from 0.5 fib, could go as low as 270, which is were i am bidding.
Risky move i am calling here, I think it falls from here a bit. Corrective and profit taking period. 15%downside from here imo.
I am thinking about short term relief here, TP:35.1k, before any more potential downside.
Fibs say we go 11 for this, for a potential 16% gain from here.
Atom is consolidating right now, and may be ready for a move up soon. Potential target 1: 15.5, TP 2: 18
We breakout here and teleport to 290's. Keeping an eye, DEFI has been picking up, might have bottomed already (to be seen in the foreseeable future).
Potential targets for H&S will be around 29k, and tapping it 5th time would be potentially dangerous, and can lead to capitulation would ultimately lead to mid 20's as suggested by my Wyckoff Chart. I was expecting a test to 38.4k, before it, but harsh rejection from 36k could lead us that way too.
If we don't bounce here, we might be in for H & S pattern forming. With the potential downside to 29k, tapping that region 5th time, which might not hold this time around. We watchful of your positions guys. I will keep everyone updated on the activity and the formation, shall it come to materialize.