CRYPTOCAP:ETH and CRYPTOCAP:BTC have a cme gap left over the weekend to fill before continuation of this up move .
BTC and overall market back to bullish terms expect alts to start running here , setup ups are clear with clear invalidations
i have been stopped out on my previous 2 btc setups . so i have another try cause i respect my stoploss/ risk management(its not about being right but rather following ur plan) so btc has broken current parabolic trend i expect a retest of the breakout zone and filling of cme gap .
from my previous post , btc seems to have chosen the 1st option of rejecting from this daily resistance , so we attempt a short here with a clear invalidation as shown in chart.
CRYPTOCAP:BTC is currently under daily resistance giving us two potential triggers . Trigger for short position is failure to reclaim above box aiming for daily support around 52k. Trigger for long position is reclaim of top of the box aiming for 64k and upwards.
We are currently filled 50% of 8hr wick , i see potential short setup here to 52k
cpi came in lower giving a bullish sentiment, powell is looking at cuts, so market is bullish going forward. this is the last level for btc to remain in a higher timeframe bullish structure. i expected it to be protected by bull, double bottom, and divergencies on rsi. let's go!
bitcoin stil in bearish trend, we go lower , clear invalidation if btc can reclaim 58500 support
eth on weekly demand zone . i expect bulls to bid in this area .
CRYPTOCAP:BTC continuation plan. Btc structure is changing to bullish structure . We have formed a higher high . now putting in a higher low. Invalidation clear
btc currently under daily resistance , we may haveone dip left cause btc is currently respecting this bear trend
we been on a downtrend for major altcoins for the past 2 months . Today daily close is very important as it determines whether we are still in a bullish structure on the daily . Invalidations for this long are quite clear as shown in chart . SEE YOU AT $80K
1ST bitcoin resistance , short setup on btc, we got a sunday pump which usually calls for caution . i expect lower prices . invalidation is clear
wif pumped into resistance , expect it to dump lower looking at cuurent btc bearish conditions .
CRYPTOCAP:PEPE had a bearish retest on higher timeframe expect it to go lower considersing btc is also mini bearish. i expect lower prices.
Market structure is already bullish on leading altcoins like FET , i expect ETH to follow plus bullish news of etf flow as a catalyst , invalidations and targets are clear in chart .
These past three weeks have been brutal to altcoin traders . Fet reached 1.1$ after binance posted delisting fud to buy cheap . Announcement has been updated only ocean and agix positions will be affected in this merger. Fet is looking incredily strong with good bullish structure and clear invalidation as shown in chat . FET will basically just change name , pump it .
ETH looking good here , bullish structure on lower time frames, doji morning start on previous daily , am ullish here , with clear stop , risk to reward 4.78 to 1 ratio