ramon_markiewitz

ramon_markiewitz

After deviating over and over again i think it's possible that the model 1 can finally bring us to the range high, especially after taking out the extreme liquidity. I was wrong with this before, but now i think we have spend enough time.

ramon_markiewitz

I would love to see a PO3 as the last move before the weekly cycle low. That would be three great trades, but let's see what happens.

ramon_markiewitz

I'm looking for a good entry for TON that I can possibly hold until the ATH, I just need more confirmations.

ramon_markiewitz

After BTC finally confirmed its model 1 yesterday evening, the next technical price target is the range high, but I'm more focused on the supply zone above.

ramon_markiewitz

In my opinion, it is likely that we will complete this Model 1 first either by going straight down or by going into supply first and then going down. After that we should get into the supply form last Friday. Since we created a Model 1 on the larger time frame, we should also create a new ATH, but it doesn't match my cycle count, which says we should stay in this...

ramon_markiewitz

Because Render is not showing much strength i think its probable that it's just compressing and at some point takes out his range low and high, if it not starts pumping out of nowhere.

ramon_markiewitz

After deviating his range highs 2 times without being able to stay above, ACH has the risk to visit his bearmarket lows.

ramon_markiewitz

For an model 2 DOGE should come price and time wise into the orange box. If we come deeper for an model 1 watch out for the demand zone at 0.16$.

ramon_markiewitz Updated 

Potential wyckoff model 1. I'm waiting for another deviation of the high and a tap in the supply zone from december 18. I would enter a short with a BOS.

ramon_markiewitz

There are a few different scenarios that I'm watching for the next week. It looks like BTC is accumulating in its current range after taking out the range low on Monday and either confirming a model 1 or 2 soon (which will be invalidated at candle closes below 94,300) the technical price target would be the latest all-time high at 110k. Unfortunately there are 2...

ramon_markiewitz Updated 

BTC could form a good model 1 over the weekend. At the moment I see 2 potential trades, lets see what happens.

ramon_markiewitz

Another deviation above the high could confirm a model 1 which would take us at least to the low of the range where also a liquidity curve forms, so watch out for that.(it gets invalidated if it strongly pushes above)

ramon_markiewitz

After the price has been suppressed below the supply zone all week and the next half cycle low (if my count is correct) should come on January 29th, which happens to be the day of the Fed Interest Rate Decision, it could be that BTC starts falling next week. I will watch carefully whether BTC gets through the zone and watch the next daily and especially weekly...

ramon_markiewitz

Even though I don't like it, I can't ignore that the current range in BTC looks like a distribution that, if it plays out, has a price target of $89,000 (with demand below it).

ramon_markiewitz

Maybe BTC will stay in the range for a while longer. The next daily and weekly cycle low will be around March 15th. I hope not, but we will see.

ramon_markiewitz

I'm waiting for another manipulation of the low to take out the liquidity. That could complete the model 1 and would give me an entry after a BOS where my target would be the supply zone from the beginning of the week.

ramon_markiewitz

On Tuesday, BTC did not enter the supply zone, but turned around shortly before and has been falling very slowly since then, leaving a lot of liquidity behind. When we get up there, I'm thinking about switching from long to short for a short time, maybe up to the POC or some demand zone, we'll see.

ramon_markiewitz

The demand zone of Aug/Sep 2024 could be a good long entry. Maybe one last push down to grab all the liquidity. If the demand doesn't get taken, I would still remember it for the future.