reiiss7

reiiss7 Updated 

This went way higher than most people expected and now people are calling 100k again. We have a relatively "boring" number 95.7k which was the sellside monthly imbalance

reiiss7

This channel is obviously very important as the midline respected at a previous sell imbalance. We have a channel crossover at 97.8k but it could fakeout or even breakout. Let's see.

reiiss7

Something like this, the Daily PA is threatening a big move down. If we don't liq grab here I think we can end of month. This is such a typical thing on a bearish month - last few days liq grab.

reiiss7

Bears have been burnt a lot, now everyone is Long 95%+ Retracement for another Rally after taking all liquidity

reiiss7

The situation is much clearer after today. Here I shorted NEAR, after a confirmed Redistribution pushing it at least into the mid-lower range Expecting sideways action in lower range for some time before a downmove in the next week or so

reiiss7 Updated 

Breakout Stop/Losses will be here. People would have put that under the daily. There is also an imbalance. People are expecting 65k and 60k, so somewhere in the middle is good. However 60.4k is still good too. I think alts have gone too low for an alt season Rally. It would be too obvious. Markdown is in play. Volume is poor.

reiiss7

This pattern happens in accumulation - a fake bear flag. It looks like to me that they started selling from around the breakout zone at 85-86k. I think we can drop to get everyone shorting the bottom again before a big move up. I marked 2 important zones to look out for and will update accordingly.

reiiss7 Updated 

There is no better Seller liquidity than U.S. Open on a Wednesday! If I wasn't already in, my plan would be to Buy here with Tight SL under this supposed Spring or wait for a breakout of 2K. The chances of going lower has decreased considerably. Fear and Greed was under 10/100! The target is 128K for BTC and 5.5K for ETH before a potential collapse. For now,...

reiiss7

This could easily happen considering Weekly + Monthly... I drew this liquidity point 1 year ago when it broke out. The 40.7k point is all untapped liquidity from buyers who bought high leverage and never took profit. Good Long to 60k ish!

reiiss7

We have untapped liquidity at 79.8k Also, a lot of Shorts are in the market since 86.5k Usually in these situations it does a max 10% move before reversing and taking their money. I suspect 92k will be tapped again in the next week.

reiiss7

A Weekly Buying Climax in Macro Distribution supports a movement of altcoins in 'alt season' (a buying frenzy at the top) - something a lot of people are starting to think won't happen, but probably will after they panic sold once weekly support breaks. There is a lot of seller liquidity available over the past few months and people are fickle enough to FOMO back...

reiiss7

A closer view of expected approximate trajectory of Bitcoin for the next few weeks/months. See this chart below which outlines the Macro: A good news event commonly starts with a bull trap, then a bear trap, then the real direction a few days of weeks later. The target would be to get Bears to sell the bottom for a huge Buying Climax.

reiiss7

A lot of people think the bottom is in. Price is overextended. The Fib sequence has already respected once (5.618) Let's see if 79.8k holds. There is also the chance of 67.9k full Bart.

reiiss7 Updated 

An inverse head & shoulders, with a falling wedge, all great ways to induce buyers into the market once the new week opens. Buyers would consider an immediate drop on the week Bullish. When the weekly opens, it may in fact drop momentarily to 94k to create this pattern and start going back up. This would liquidate weekly open high leverage bears and encourage...

reiiss7

Could be a "Real direction, fake move. Fake direction, fake move. Real direction, Real move." It doesn't look great for altcoins. I take a look at a mid-cap coin because it tells you a lot about the market. Where there is less liquidity, the situation can be more clear. This has helped me aid my decision.

reiiss7

Good Long here since the Daily Imbalance never filled. 500 is false support. Bears will be thinking a lot lower, Bulls will be scared to buy at this level.

reiiss7 Updated 

Preliminary Supply area test: Buyers will be waiting at 88k, 85k and open Shorts when 85k breaks Only to get liquidated when it goes back up

reiiss7

Buying Climax (BC) would be accompanied by a HUGE drop in BTC.D Many alts testing their 2021 bull run Break of Structure areas. AVAX is around 76-77. This would make sense if BTC does go to 130K.