1w: Ethereum chart is on verge of collapsing. Be careful with your trades, as a market crash will result in a level of volatility that doesn't respect TA.
1h: Market manipulation with low effort came out. After mitigating long position, we can find a short trading opportunity. 1w: Weekly inverted hammer seems promising We can expect bigger long opportunity, so we'll not close all of our long position.
1h: NQ1! raised its previous high nominally, but it's very likely a whipsaw move. It's still on the supply area which hasn't met the demand of the lower fair value gap and proportionately, it's at a whipsaw area 1h: Bitcoin follows Nasdaq. It is the point where the rsi divergence and the deadcross of stochastic in the overbought area took place, so...
30min: The overheating of the price indicator in 4 hours and 6 hours has quickly coolled down. We look for opportunities to enter long positions after reducing some risk of existing short
30min: harmonic shark pattern at liquidity area with divergence
4h: As the downtrend accelerated, I drew a picture that it would fall significantly, but it broke the low and showed a spring rebound, and a strong rise came out with a double bottom that hold the low. From a mid term perspective, 34k or 40k is very possible as there were upside fair value gaps in those area. Therefore, it is safe to enter a short position...
30min: You can see the back to back mitigation move at the supply zone. 1M: Harmonic extreme 3.618 extension shows that the price is highly overbought. Price seemed to bounce at the liquiduity area, but it couldn't to go further only to fail at 1.13 extension area with the clear divergence. 30k~12K is an area whre inefficiency has occured, so the...
1h: 5th wave seems to be completed with the indicator divergence. But cypher prz has not been fully tested and the 5th wave fibonacci extension target has not been reached, thus upward momentum is still there. If the orange trendline breakout is confirmed, it can go even lower than the previous low. Thanks
Hi guys. Today we're gonna review our yesterday strategy and how it actually worked. 1h: The strategy was to find long entry at the previous demand zone. But it broke the support with a big fat bearish candle. The position was closed with a 1% loss Next, we'll look for the reversal at the Major support area. 4h: Divergence in the Oscillators in...
Hi guys. Bitcoin has shown some volatility as soon as the market opened. 1h: Downtrend reversal strategy can be used at the bottom baseline. Indicator like RSI was used to find the entry price. 1hour RSI baam in the pivot area is expected. 1% risk was used and planning to scale out the position. Additional position can be considered if the price forms...
Hi guys. Seems like the crypto market is consolidating with small volume in weekend. Taking a break in weekend like this is not a bad choice I think. 4h: Bitcoin seems fine as long as it's above the major demand zone and holding the trendline. I've marked the short term profit taking levels which are $41500 , $43500 area. 1D: Daily chart, you...