reiiss7

reiiss7 Updated 

We can see clear Selling Climax, and Buying Climax. During accumulation phases, we also have Selling Climax close to the bottom, and this is what confuses people. They also confuse the Secondary Test (ST) with a Spring. We have a very clear difference in immediate upthrust price action along with low volume. Most of the volume seems to be in high points and...

reiiss7 Updated 

By the looks of things, any Stop Losses above 42.9k are safe and very likely we won't see the 42k's anymore. The same goes for ETH. Top of today's Daily we won't see that price again for 2-3 years in my opinion. The good news is if we don't get a massive wick, there are some great opportunity for low leverage short trading in a downward slope. This type of PA is...

reiiss7

45-47k seems less likely now. FOMC should have pumped it to that area. Within these parallel zones, 38k looks pretty good. We can bounce off 38.7k for a bear flag however. ETH did a hammer into weekly VWAP... usually what they do when they want to sell.

reiiss7

I have been looking into the law of diminishing returns, and compare recent tops with numerical tops in the last cycle. Essentially we are looking for a 5.5k bottom and 53.8k top. Retail buys are set at 13k, 12k, 11k, 10k, 9k, 8k, 7k and 6k. Stops likely to hit at 5.9k Majority of liquidity is taken at 5.5k and 3k buyers don't get filled. Distribution is still...

reiiss7 Updated 

I've been looking at fractals from recent years, and if you look at the different coloured boxes you can see a lot of similarities. Essentially, price has a tendancy to fall under the Preliminary Support of the previous year's bull run, and rise back up again before falling again. We can see a 6.618 impulse down at 25629.96 on Coinbase. 6.616 impulses have been...

reiiss7

We had a drop this morning and I've measured the fibonacci impulse (different to standard fibs, I use these often). This may be a total guess, but as we know Grayscale is selling BTC right? The GBTC market price is $37.94 The 37.94 impulse reads $28128.14 ... 128 being a derivative of a shark harmonic pattern. I'm probably wrong but would be interesting if...

reiiss7

There will be plenty of buyers at 38k, 38.5k and 40k, but what if we drop straight to the start of the last leg? Plenty of liquidity here at 37.3k and the imbalance/imbalance that started the move. I will be opening a small LONG here and closing short as well. Let's see what happens! Some TP will be 40k, but we could drop straight here!

reiiss7 Updated 

Awaiting price action today. Can visit the supply zone / last week's VWAP at 45.3k or drop to 38.5k area next.

reiiss7

Lately especially since we have become bear, one of the best Short entries are hammer candles. Now of course hammer candles have a good chance of causing price to go up, so it depends on the circumstance and ESPECIALLY the candle before it, and where the candle is. In this case, we had a test of support, a failed rally, and a 2nd test of support that caused the...

reiiss7 Updated 

Noting this down as a potentially good R:R trade. If we reach my stop loss, this trade has been invalidated and price can rise to the supply zone. This happens often so I would not be surprised. If we do not drop harshly here, we can re-review but at the moment things look bearish with no clear signs of accumulation, though upthrusts still very possible.

reiiss7

We have a possible Bearish crab harmonic here, monitoring for more info but it looks like no shorts until here for me. 44.6k takes most of the seller liquidity.

reiiss7

As with many ETF's such as Gold, price dropped over the coming weeks and eventually made new highs. Bulls are looking to buy in the 30's, but we havent taken 24k/25k liquidity yet. As you can see, there is a lot in the mid-high 20's!! Just like at 22.8k in 2022, price dropped approximately 110% of the low, meaning if the same thing occurs we shall get...

reiiss7

Not sure if we can still get 50k's so currently short but willing to close at a moment's notice. Looking to close short and buy at the low 43's for a liq grab back up halfway. Will cut my long if the market starts to not show signs of going back up. Hopefully will get a good short in on a liq grab.

reiiss7 Updated 

I don't think 48k is going to hold, good luck all in your trades. This is the next hurdle. It's a number variation of 2019's 13.8k rally. 53.8k is the start of the 2021 bear market.

reiiss7

Today its Sunday and we havent yet dropped. It's very common in these situations for coins to be making descending triangles, so I will wait for the money to be taken on AVAX. I will be shorting AVAX at the price shown, as well as adding BTC short at whatever price BTC is at, when AVAX is at this price. I cannot say a figure in mind for BTC at the moment.

reiiss7 Updated 

Happy New Year!! This may be my last chart for a bit, as there are too many bulls criticising any form of bear ideas with no reasoning, and it's difficult to have intelligent discussions until realisation kicks in. If Bitcoin keeps going up and breaks 69k, I would be happy, as the world would not be as fk'd as I thought and things wouldn't be so bad as they...

reiiss7 Updated 

The UTAD (Upthrust After Distribution) is complete. Ethereum can now complete its' ABC correction. Target 1 - 444 Target 2 - 259 Good luck bears!

reiiss7 Updated 

Opening a Short here so we can go back down to support