CryptoTrendy

CryptoTrendy

In the past month, Bitcoin has respected the perfect market phases that describes Wyckoff. A big accumulation phase between 5800 and 6900 during more than a month. A re-accumulation around 7400 and a distribution phase. The distribution doesn't look as neat as wyckoff describes in his theory. The ETF decision being postponed and the liquidation of #1 holder at...

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It's been months that I've not gone long on an altcoin but the setup looks beautiful: - Weekly bullish OB - 78.6% fib retracement - High Volume Node Scaled in a long position. Wide stop so smaller position size. But I like my R:R (~3.6:1)

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I don't know when my baby might ask this question to me - this day will come - but since I'm sure you probably heard that expression already, I'll try to explain to you guys what it means with the next trade I'm going to take Hedge a position consists in taking an offsetting position to reduce your risk exposure. For instance you are short and you decide to open...

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Bitcoin's price may be printing a bear div on the 4 hour. We'll have to see how next candles close and re-assess but the lack of volume on that upthrust is concerning for bulls. What I see is that there is a clear/clean resistance at $6,850 and $6,900 so you can expect many people to have put their stop losses (buy orders then) above those swing highs. Market...

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Since we entered a bear market, price seems to have the same pattern when it bottoms and bounces. We can see first that every bounce has been less and less impulsive so if that one we are currently seeing is actually our bounce, this should take more time and be weaker than the previous ones. We don't have any change in volume so I still believe we are in a...

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Today will be the day that we broke below our major support : $ 6,000. As we could have expected it, there was a lot of liquidity for longs below 6k. Indeed, a lot of stop losses were triggered when we broke 6k and retail traders market sold (by panic) or to play the breakout. This is a typical move that market makers can take advantage of by pushing the price...

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Looking at that bounce we had today, combined with a double bullish divergence on the 4HR RSI and also a weekly and daily SFP chances are likely we have our local bottom here. As usual, when market became bearish (like 110% of crypto twitter since Saturday) it's time for market makers (MMs) to take advantage of a uni-directional way of thinking ("major support...

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My last analysis on Bitcoin was relatively bullish, at least in the short term. But looking at what happened in the last couple of days may be concerning for bulls. The ones who were hoping for a massive short squeeze like the one we had on April 12th may be disappointed. There's a big difference with the April move : instead of building new shorts while price...

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My last analysis on Bitcoin was relatively bullish , at least in the short term. But looking at what happened in the last couple of days may be concerning for bulls. The ones who were hoping for a massive short squeeze like the one we had on April 12th may be disappointed. There's a big difference with the April move : instead of building new shorts while price...

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Let's try to understand how market makers think and how this COULD play out. This obviously could retrace before, but I believe this play is the price action that would actually give a better advantage to market makers creating as much long liquidity on the way down (volume is still low atm) when everybody is expecting 6k to break and being able to short again...

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Looking at other exchanges' charts, we didn't break Feb 6th low on Coinbase, Binance, Bitstamp nor Gemini. This gives actually less credit to the SFP theory we saw on Finex. We could interpret it like sellers panic sold a little more than in other exchanges. But when they realized that major support wasn't broken on other exchanges, they pushed back price up. I...

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Bitcoin dumped really hard today. As a lot of people was expecting a break of the $6,000 major support (Bitfinex) and thus opened new shorts as were coming near 6k anticipating a break, bulls defended their support quite well. We made a 4HR bullish Swing Failure Pattern (broke below, closed above) which could indicate that market makers filled their longs below...

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Analyzing daily, 4 hour levels & order blocks and combining it with Volume Profile we can see nice zones where we'll have good R:R situations. Price already moved up and reached that 4HR OB but I'm not looking to open shorts here because it would give me a very bad R:R. I'm more looking at the Point of Control - POC ($6,507) and near daily level ($6,560) where I...

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For those comparing last accumulation phase around (6.4k-7.5k) in early April where we ended squeezing shorts opened on support, this phase looks pretty different : - Consolidation lower (bearish) - Closed below previous swing low (6425) on big TFs (bearish) - Shorts are decreasing (not bullish) As I always say, the amount of longs or shorts opened doesn't...

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Looking at the Ichimoku on the 4 hour, we can see that price entered the cloud. We can expect an "edge to edge" trade which would lead us around 6950 Don't forget to hit the LIKE/FOLLOW button if you want to support my work and show your approval to what I do !

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Looking at #Bitcoin bigger picture, we could have one last bull trap before break $6k. If $BTC price retraces and holds 6.4 I'd expect a rally to ~7k to turn previous support(s) into resistance(s) We could also start dropping from here (6.8k) but MMs may need more short liquidity Don't forget to hit the LIKE/FOLLOW button if you wanna support my work and show...

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Daily closed below on BFX, but above on BMX. That's why it's important to compare different exchanges' charts to confirm your bias. I compared w/ Coinbase & Bitstamp, they give different data If it's not confirmed on different charts, don't rely too much on it

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When it comes to TA, I always compare Bitmex chart to Bitfinex. You can see we made a double bearish SFP on the 4HR on Bitmex. But on Bitfinex, we didn't break previous swing high. Logically, I would give credit to a set up that happens on both charts. A trader is always looking for confluence to confirm his/her bias and comparing charts is something that could...