So as btc futures opened tonight we are seeing some upward movement. we have a liquidity range from 7330-7289 and then a trend support down around 6980. I imagine we will see a little chop thru at least the upper liquidity box as we move forward to Tuesdays weekly options expiration. then marching upwards.
watch for a breakup and out here at the neckline or a rejection leading to a lower low...with the holiday season upcoming in the states... I wouldn't be surprised with market trickery and pulling money out for the holidays but I am favoring a relief rally to the 7830-7900 range here over the extended weekend.....
Well I think 70-72 sats is a safe range to call the bottom for this coin. I'm looking for 50% entry at 72 sats and 50% entry at 70 sats. looking to take profit in the 89 satoshi range. which would be approximately 25% gain
Looks like MITH/BTC is consolidating here nicely on top of support. Im expecting it to retest the last high and then move up to retest the 1.27 fib extension area with another horizontal resistance at the same area....1410-1415 satoshi range. This chart is a 30 minute chart so I do expect this to be a little slower of a play maybe over the next 24-48hrs
So I am eyeing entries at 467 & 461 for this trade...setting a stop loss at 445....there may be a quick scalp opurtunity If we reject the 480 resistance...as long as we can hold over that I am eyeing these levels of resistance 540-575-645 as we approach these resistance areas I will tighten my stop losses and upon getting stopped out look to reenter at another...
this looks juicy....I think my chart explains my trading outlook on this coin....2100 seems like a solid entry point with the descending triangle inside a descending triangle.....possibly wait for confirmation of the break of 2130 prior support/resistance for ultimate protection but I think this is pretty bullish.... set a safe 5% stop loss at 2k ezpz
well I made this chart a few days ago....figure id publish it now
ive highlighted some important numbers in the GUSH etf if crude can gain some positive traction.
expect a continuation on DRIP. but try to scale in slowly. if we break below 18.01 pivot point we can retrace to the bottom of this channel.....lets see if this 19.72 will hold as support...
I think we are currently in a current correction up to 4400. if we can make it thru the 4340-4480 range this could have steam to make it back up to 5k
this could be a market reversal starting to form before our eyes with a new higher low and for the time being shorts are starting to cover... if we cant break 9097 tho we may just be seeing a bull trap forming. if we break below 7k or 6980 I would be very hesitant to continue holding my long and look at scaling back into my long around the 6350-6500 range
So with the .68 fib zone not offering much support and getting close to our liquidity box I expect btc to have a pullback at least to the 6500 range and could see it falling back to the 6320 area before we get any real push in a bullish direction. we were unable to hold over the downtrend resistance from the 8450 previous run up we had...I would start scaling into...
So yesterday I posted a publication about "is this a bull trap?'". with this fib fan on the 3 HR time frame it looks like the pull back we had earlier bounced perfectly where it needed to...I think we shall push forward towards the 7500 mark and would not be surprised if we continue towards the high of the previous run of 8450. There has been a down trend...
as you notice here we still have not found a bottom on btc. I think that we want to close more Renko candle downward on the daily before we can say btc has bounced. a lot of this action is from SEC "reviewing" etf denial decision. I d expect the sentiment to change especially since we cant break over 6800 and any time we get in the 6720 range volume dies