stromm_by_wmc

stromm_by_wmc

With the NFP data coming in hot for the USD, which is unfavorable for all assets trading against it, we are closely monitoring both Bitcoin and Ethereum. We anticipate a sweep of the lows to clear out some liquidity before the uptrend continues. For Bitcoin, we believe the current weekly VWAP or the current weekly VAL, supported by the pwVAH, should hold BTC....

stromm_by_wmc Updated 

The hype is crazy about this coin and there are not many coins in the near past that got so much attentiontion in a short time. It got listed very quick on every important exchange for at least spot trading. Is is completely volatile but we want to try this here but only when we are awake. If this setup is getting filled during the night we don't want to bid...

stromm_by_wmc

We have two setups here in either direction we have been screening ROSE and ONDO for quite a while now and we want to bid both this short and the long. We let those things run over the night, therefore we play it with a hard stop. On ROSE we have been ranging for quite a while and we finally broke out and cleared out the imbalances that have settled on the sell...

stromm_by_wmc

On Ondo on the other hand we are looking for long setup on the lower time frame. It seems as ONDO is topping out on the lower time frame and even with other coins pushing ONDO has some problems following other alts. If the trendline is getting lost, as we anticipate, we could witness a quick sell off into the FVG 2H. We want to bid mid FVG with the support down...

stromm_by_wmc

Some of Mt Gox Funds (MT Gox funds refer to the assets held by the bankrupt Bitcoin exchange Mt. Gox. Once the largest Bitcoin exchange in the world, Mt. Gox declared bankruptcy in 2014 after allegedly losing millions of Bitcoins to a hack. The remaining funds are now being managed to repay creditors.) have been moved overnight, not the first time we've seen this...

stromm_by_wmc

Our short-term take on Bitcoin focuses on the approach to the 4H supply zone and the high volume node area. We have set our stop loss just above the supply zone to manage risk effectively. The target is set at $67,350. As we approach this critical level, we need to observe how Bitcoin reacts to the lows. There is some uncertainty in the market at the moment, so...

stromm_by_wmc

Why isn't ETH pumping right now? Here are some possible reasons: No capital inflow: The ETFs haven't started yet, so there's no fresh capital inflow. Early buyers: Since the SEC decision earlier this week, many have already bought what they wanted. Regulatory hurdles: Only the 19b-4 filings were approved today, not the S-1 forms. In contrast, the Bitcoin ETF...

stromm_by_wmc

We are looking for a higher time frame play on DOT. We believe the recent setback provides a good opportunity to place our first entry. If the price drops further, potentially due to news or other factors, we plan to place a DCA (Dollar-Cost Averaging) bid below the current daily demand zone. The daily demand zone should hold; otherwise, the bullish count would...

stromm_by_wmc

Today, Snowflake’s earnings are due, and it’s an important event to watch. Looking at the stock’s history since its debut on the New York Stock Exchange in September 2020, we can identify a crucial zone that initially acted as support but has since turned into a resistance zone. We’ve seen attempts to break above this resistance at around $210, but these have been...

stromm_by_wmc

Regarding Nvidia, we maintain our view that Wave ((iv)) has concluded, and we are currently on the path to completing the overarching Wave 3. We anticipate this wave to reach between $1032 and $1300, which we consider the maximum potential target range for now. We observed an accumulation phase from June 2023 to January 2024. This area might become significant...

stromm_by_wmc

This is what we want to see on NTRN as we face challenges breaking above $0.741. We are looking for the HVN to hold here and the MDay-Mid, FVG, and POC to provide enough support for NTRN to maintain its bullish structure. The resistance at $0.741 has proven to be a significant hurdle, but with the support from these key levels, there's a strong foundation for a...

stromm_by_wmc

We have let things develop and it seems as it is indeed bullish, I don't really know what to say else only the ETF approval/disapproval could shake this market currently. The correlation between BTC and NVIDIA is also not something you can just ignore but currently I don't think even a miss on NVIDIA earnings could make crypto worry. Looking at SUI now we got the...

stromm_by_wmc Updated 

INJ looks strong as hell but I am going to take 25% out here as we still can't flip this 24 Q1VAH level on BTC and there is nothing wrong with taking profits 😉 If BTC flips this level we should pump hard but as far as as we didn't there is a chance for a sell off.

stromm_by_wmc

This surge needed to correct at some point either we are going down now or we are pushing up a bit before correcting either way we should be falling in the near future and we want to place two entrys here on STX. The first entry is on the 4H FVG and the second DCA entry on the edge of the demand down below. We are using the same hard stopp on both entrys and the...

stromm_by_wmc

Just in case we are getting a pullback on BTC we want to have a limit order in place. We want BTC to retrace to the 2H FVG which is sitting on the MDay-High Range and just above the 2H Supply Breaker. Also with the volume profile next to it it should have enough momentum to hold this level at around 63.5-63k

stromm_by_wmc Updated 

Looking at this short on NEAR the strucuture remains bearish and for now it doesn't seem to flip bullish. I am looking for either the FVG or the 2H supply to hold. If this works out the target is $6.65 ✅

stromm_by_wmc

Examining the broader crypto market, it's evident that we've hit the Wave 4 target zone on the Total Market Cap chart, reacting perfectly—a precise landing in this case. This suggests that, looking at the entire market as a unified entity, we should form new local highs and surpass Wave 3. When we look at other indicators, like the Ethereum to Bitcoin chart, we...

stromm_by_wmc Updated 

Just checked BTC and ETH again and escpecially ETH is playing out like wanted. The strenght over the last days was nothing not to note but we said it in our last report, we need to flip 64,2k on BTC and 3200$ on ETH to remain bullish in the long term. On BTC we are back to exactly 64,2k where we rejected multiple times now throughout the last weeks and on ETH we...