bneel20

bneel20

So much bad news on #DXY of BRICS forming a new currency aim to ditch dollar equating to good news for DXY buy equating to absolute hammer down on all markets.

bneel20

Hello all! We are starting see some supply coming in zooming into 4h and 12h time frame. Simultaneously, BTC turned 20700 zone resistance to support. While the rest of the crypto follows BTC, a healthy pull back required if this run up were to be sustainable towards 25k and even to 29k from macro picture. Which relates to Solana targets of $47 and $70 regions...

bneel20

Hello all, ETHBTC pair heading for a possible double bottom, where it ends for a 2nd bottom is any ones guess. This is to showcase a good case scenario for a double bottom on the Monthly time frame with a best scenario of long term targets. Traders usually take profits at Fib 2.0 but has room to run till 3.618, the level which is known for absolute exhaustion....

bneel20

Hi All, We are starting to see some supply coming in on LTF such as 2H & 4H with exhaustive demand. In consilidations like these we often see patterns within patterns i.e, XABCD. Important note: Just because we have a trade idea doesn't necessarily mean the price will get there, it just means for a potential demand identification area. Rather than aggressively...

bneel20

Hi all, Recent IPO Robinhood exchange stock has a nice XABCD pattern and a high probable setup. It had done a nice wick down to 1.13 BUY area which is the C area (important BUY zone). We can notice the wicked candle is clear "hidden demand" due to closing above the previous red down bar. Has a nice RR and I am looking to take profit 50% at the marked zone and...

bneel20 Updated 

Hi, In my previous analysis I was monitoring if the price trying to reclaim the Supply region which is precisely 60150 area. If it had tried it would've been a very obvious rejection, instead the PA fell short of it we got a push down. This very nature indicates to me a strong possibility for further consolidation. Some key indicators - 1. 30-40k market...

bneel20 Updated 

Hi all, Seen as we have many alts with a nice potential, I see DODO with a better RR compared to many 'IF' it were to position itself in the next month or so. In the next couple of weeks I see 20-30% dip from Bitcoin (I have posted previously BUY levels for Bitcoin on my feed) and subsequently 50-60% dip for alts. Trade Campaign reasoning: A simple XABCD...

bneel20

Hi, I really like these high probable setups. Especially in a bull market it allows me to enter at the lowest price possible, which was similar to ALICEUSDT Reasoning - A simple XABCD pattern gives a good indication where it may be headed esp knowing where BTC stands with supply coming in Note - This doesn't mean the price will get there, as trading isn't a...

bneel20

Hi all, We have been in this range for over 2 months. One can argue this is the top just based on Weekly chart pattern, however we are yet to see a sign of weakness on the Daily TF. I have 2 scenarios as we are approaching high supply region PA trying to reclaim the most crucial level (Weekly Supply Down bar) as markec and on the Daily a potential to tap 60200...

bneel20 Updated 

Up and up and up! 50k level is the Daily 0.618 region - Since, there will be lot of buyers I would'nt be surprised if we get front run with a quick tap near 51600 region. This is not to say price must come there, IF it gets there RR is great and a good opportunity. Else, sitting back is my approach. Target point - 5.618 weekly region must be monitored on the...

bneel20 Updated 

BAT still needs to peform in comparison to the others and fairly unervalued as of now. On higher TF's it has clearly broken out of accumulatuion range, my initial spot buy was around 0.4230 and has a great potential towards 7$ region approx. However, I see a decent setup on lower time worth to play on futures and stops to be placed based on risk put in. All the best!

bneel20

We could be range trading for sometime for almost a month and eventually follow the path towards 18k region where the real interest for buying again can be. What after that will depend on the type of reaction. Another sign to watch out is when alts/BTC pairs start to fly (something like beyond 5x- 10x within a couple weeks) it can be a good confirmation for BTC...

bneel20

Those who bought near 4k in 2020 and held thus far congratulations! Bitcoin PA characteristics: Change of behaviour, high volatility with rejection near 38.2k recently One can argue this may be re-accumalation. To consider that we must either close above 'Mid range' on the daily with stability and close above 'Top range' Three important things to monitor: 1....

bneel20

Basically anybody's guess. Long until wrong at every dip I am currently still long with bids sniped recently. There is no sign of being a top, volume across the board looks healthy on all time frames. Consolidation below resistance. There are two levels I am watching as marked. We could run the stops at the previous ATH wick and drop over 15% or continue towards...

bneel20

Hi, Here is an approximate near term road map (6 months). In my previous analysis we were yet to test the 16k region and now we have, it is very likely we will be on our path towards printing another HL. Please note we may even overshoot and test 18k region before correction phase begins The pattern play is macro is a very rough projection, unlikely to be 100%...

bneel20

We have perfectly retested the broken monthly support and Weekly Fibs 0.618, heading towards the accumalation zone between 9280 - 9500 region

bneel20 Updated 

I am going long on this sizing accordingly while BTC looks ropey-

bneel20

I am really liking the PA as there are plenty of opportunities for traders from 4H to higher TF.