maccainthebakery

maccainthebakery Updated 

So far no follow through to break out of 8400. Break and close above here - then its game on again to target $9500. Currently chopping around in Bart land, and expecting more of the same though. Expecting CME to be filled, and a clear Liquidity gap down further below. I expect low $7k to be tapped...but...the question I have is will the market allow $6k entries...

maccainthebakery Updated 

I like KMD. I like its eco-system, and I like the token. I've been waiting for KMD to retrace. The scale of the alt retrace has been stronger than many expected - but it offers up new opportunities. I will keep watching for the Market Structure to hold for an entry, no point risking all in from here, wait for confirmation for the sake of missing out on a few % gains.

maccainthebakery Updated 

Seems like the 'News' release from Tether investigation earlier was timed wonderfully and resulted in the perfect price action. BTC was looking bearish, so it should not come as a surprise to the sell off...notwithstanding the release of the news did 'help' with the speed of the sell off. You'll see from the chart the magic 705 number appears yet again as the...

maccainthebakery Updated 

Lots of bearish sentiment out there. I also have a bearish view on SP500. But consider if liquidity is the target for order flow...could we see ATH before down?

maccainthebakery Updated 

Good news slowly filtering through for ADA. Team has been working strongly behind the scenes - minimal fuss, and Shelley brought out a strong move upward. Looking to catch the retrace for some follow up action. Although BTC is just throwing alts around right now at will. Happy fishing.

maccainthebakery Updated 

The chart suggests the sell off is almost done. Although BTC may put in a request for one more Alt Coin shake out...and what BTC wants, BTC gets. Just be a cautious trader here, wait for confirmation of SR Flip retest validation, with good HTF candle closes above. And keep your eye on the king BTC movements. Longer term - AGI will do well.

maccainthebakery Updated 

Lets get TRX in perspective - big picture. HTF. We had a good rally Feb/March prior to the announcements of BTT and the incessant shill from the King of Shill - Justin. But look at the weekly chart. Looks slightly worrisome. Personally looking for a change in Market Structure on Weekly which means a strong reaction needed at the daily breaker. If the daily...

maccainthebakery Updated 

Everything is in the chart. Volume incoming. BTC can help fill bids with its expected ranging chop over the next days and weeks. Always remember your Stop Loss and manage your risk.

maccainthebakery Updated 

On H4 thats a nice liquidity sweep into H4 breaker - with a close forming an SFP right now. Highs taken and open interest cleansed - so what should we expect next? Logic says Lows. Now my bias and eyes are towards that juicy equal low which has confluence with EQ of current local range, offering a lovely short scalp for swing traders. If BTC goes on a tear and...

maccainthebakery Updated 

Lots of good news abound for xrp - all we have is a minor wedge meme breakout. On memes - is XRP forming a downward wedge meme? Lets look at the confluence. Full range OTE = check, Monthly OB EQ = check, D1 Bullish breaker = check, XRP weak AF = check. Obligatory meme = check. Lets see. If it pumps from here - this theory invalidated.

maccainthebakery Updated 

Classical Fractals forming coupled with strong FA, good market structure and clean OB set-ups. No brainer. H12 close above weekly resistance / C&H neck will set this bird free. Take a slice of profit at first price line following neckline break, and feel free to add more upon retest/retrace. Can easily go much higher up to ATH.

maccainthebakery Updated 

NAS is testing resistance of range. Expect NAS to move well in April, assuming btc behaves itself - at least within reason. Good FA in April for this coin - including launch of NApp store, should allow this coin to move with good growth. Chart is clear with expected ranges and targets.

maccainthebakery Updated 

Short Term retrace before further growth?

maccainthebakery Updated 

Weekly SFP and support holding. Ranges are clear. Looking for HTF closes above range EQs for upwards movement to proceed following each cycle of growth vs retracement. Will be taking profit at levels shown and looking to re-invest near range EQs (or 705's if possible) following retracements assuming market conditions appear favourable.

maccainthebakery Updated 

OTE of local range confluent with D1 EQ of entry zone. Symmetrical swing Fib confluent with historical buy/sell noise and where profits should be taken. Wait for SR Flip to validate at retest of buy zone with daily candle closes required above EQ to maintain market structure. Expecting larger cap coins to benefit most in April if btc dominance chart or total...

maccainthebakery Updated 

A continued failure to rally for XRP puts full range weekly OTE in sight. I mean - why not...put in a good argument and I'll listen...XRP has found some anticipated support at local rage OTE (see my XRP theorising chart), and this provided a straight forward 12-13% long scalp...but if this thing puts in another HTF LL, then expect us to tap directly to the weekly...

maccainthebakery Updated 

Watch to see how we react at support. It will help your decision making. A drop below support opens up some great alt entry possibilities.

maccainthebakery Updated 

Straight forward - good Market Structure - chart speaks for itself.