Mock Up Price Action for BTC | Near Term (1HR)
Mock Up Price Action for
BTCUSDT
| Near Term (1HR)
- Watching and waiting for THE opportunities to enter short
Personal Approach & Base Chart Setup
- Stacked Parallel Channels for Grid of Confluence Points
- High Time Frame (HTF) Fib Extensions, Retracements, & Time Cycles
- Red Filled Horizontal Rectangles between areas of major Fib level from Extensions and Retracements
- Price Label Callout with Red Circle highlighting points of interest where I'd consider making a trade
- I will consistently monitor and adjust taking into consideration long/mid/near term price action and market conditions/news
Additional Remarks
I don't think BTC is done yet. I think that the CME Futures on BTC that are set to expire end of month, has too much money on the table and nothing be done about it. I think we're in the midst of a bear trap soon to be bull trap, ridiculously volatile period up and down with retail traders positioned to get hit hard. On the sideline steadily accumulating my top 40 altcoins list to be held for the next 8 to 14 months. Until then I am simply just sidelined looking for the most lucrative opportunities to enter in on short positions. I currently have a heavier skew in active positions for Small Cap and Micro Cap ALTs like
VELOUSDT
and
BAXUSDT
which we know always perform well when broader market as a whole starts to pull back and money flows out of large and mid caps, into guess what, small and micro caps that underperformed the market till now. Besides that, my biggest targets for accumulation are
CSPRUSDT
and
XRPUSDT
BTCUSDT
| Near Term (1HR) - Watching and waiting for THE opportunities to enter short
Personal Approach & Base Chart Setup
- Stacked Parallel Channels for Grid of Confluence Points
- High Time Frame (HTF) Fib Extensions, Retracements, & Time Cycles
- Red Filled Horizontal Rectangles between areas of major Fib level from Extensions and Retracements
- Price Label Callout with Red Circle highlighting points of interest where I'd consider making a trade
- I will consistently monitor and adjust taking into consideration long/mid/near term price action and market conditions/news
Additional Remarks
I don't think BTC is done yet. I think that the CME Futures on BTC that are set to expire end of month, has too much money on the table and nothing be done about it. I think we're in the midst of a bear trap soon to be bull trap, ridiculously volatile period up and down with retail traders positioned to get hit hard. On the sideline steadily accumulating my top 40 altcoins list to be held for the next 8 to 14 months. Until then I am simply just sidelined looking for the most lucrative opportunities to enter in on short positions. I currently have a heavier skew in active positions for Small Cap and Micro Cap ALTs like
VELOUSDT
and
BAXUSDT
which we know always perform well when broader market as a whole starts to pull back and money flows out of large and mid caps, into guess what, small and micro caps that underperformed the market till now. Besides that, my biggest targets for accumulation are
CSPRUSDT
and
XRPUSDT
Comment:
Comment:
Just a thought
Comment:
Zoomed out view with market correction hedge ideas contained
Comment:
So is this an elaborate bear trap bout to turn short squeeze volatile pump to 52k. Or, is the market dead and we just don't know it yet.
