Hello dear traders. In this post, I am going to provide my thought process and a thorough analysis regarding Bitcoin and where we stand. First and foremost, let me be unequivocally clear that I am bullish, and I am going to provide the invalidation for my bullish bias, and also where my bullish bias will be ever more valid. Firstly, if you take a look at the...
Hello dear traders. Let's cut to the chase. There's no denying that price is weak and seems in desperate need of a new narrative or momentum. Technically, price is showing weakness in the mid-range, which is in line with the POC of the range as well. Momentum h4 EMAs (12, 21) are rolling over as well. The positive thing at this point is the bullish absorption...
Hello dear traders. Considering that a weekly level (i.e. red) is being defended, I think this is a great longing opportunity. Having swept some lows, the structure at the lows is interesting as well. The FVG is holding the price for now, and I always like to long into fear-inducing candles if the bullish structure is defended. I hope this idea is useful.
Hello dear traders. Hope you're doing ok. This is my #btc expectation in the short and mid term. Let's get down to the nitty-gritty of the PA. Price MIGHT take out yesterday's low, fill the FVG, and then continue the upward momentum. If not, we'll move towards the clean highs at the top of the range, and the PA will be of significance there. I will definitely...
Hi. Hope you're doing ok. I guess the majority consensus is that we are bullish. This is a trade idea and those with a hodler mindset might not see much merit in this, which is totally understandable. Those who want to trade might be in a long from lower. I punted a long at 66300 and closed at 72K because of some longs that aped in right at the top. It is worth...
Hi. Hope you're doing ok. Today's setup is one of the neatest there is out there. Considering the narratives unfolding, GameFi is one of the areas where there is a lot of potential, and ImmutableX is definitely one of the leaders in this field. The chart is incredibly bullish, and reminds me of Jasmy that I fumbled TBH. I saw a similar breakout and retest in...
Hi. Hope you're doing well! After a massive run-up, BTC is resting above 2021 ATH i.e. 69K. Macro is definitely bullish, and it will remain so until a major BOS/MSB occurs in the daily timeframe. Until then, dips are for buying. However, locating the genuine dip and identifying the local trend is key if one is looking to enter fresh longs or take profits. Locally,...
I believe this is a great long opportunity among the coins on the market. It is considered a laggard as well, and in the short term, I see the potential for a great swing trade. Hope you like the idea. Please share if you find it useful. Thanks!
TL;DR: . We are in an uptrend. . The price is challenging a 12H OB. . Upon acceptance above the mentioned OB, local highs will most probably be raided. . Upon acceptance above last week's high, price will most probably push towards the Quarter Range of 2022 (The mentioned level is the 25% of the 2022 range i.e. the yearly candle).
This is my view regarding Bitcoin. No top confirmation for me yet. Please share if you like this.
A pivotal level has been reclaimed and price has officially exited accumulation phase. IMO, this coin is primed to go parabolic at some point. I have bought a bag. I expect full thrust above 9.5.
Currently we are above the median line of the weekly OB, which is the dim red rectangle. The wick above the OB leads me to believe that further upthrust is on the cards. The market has been suffering from indecision for the past week, except for some assets. However, I believe we are going through a breather, which will lead to further upward pressure in the near...
It's pretty simple. Local range high is about to be flipped. I have re-entered the trade after reclaiming the mid-range. Targets are 63 and 68. I'm not ruling out higher. A shift in structure has occurred. A higher low has been established, and naturally I expect the price to take out the highs, at least. I will let it ride unless the previous EQ highs (59.63 -...
If 59.31 is reclaimed, a higher low and a shift in structure is confirmed. Then a sweep of those liquidity points higher will make sense. The market is at a critical point. If the resistance level above for Total and BTC is flipped, then we might see a lot of the alts to push up pretty significantly. Manage your risk accordingly. Good luck!
Price is consistently printing higher lows, as it did in the yellow box. If you pay attention to the PA in the yellow box, you can see that, after sweeping the high, the price remained range-bound and did not sweep the lows and kept printing higher lows, which is bullish. The same thing is happening at the moment. The license for me to open a long would be holding...
BTC is lingering below a monthly level capping the price. Considering how the Total chart is shaping up and the liquidity that lies above the EQ highs , I lean towards a push into 40K - 42K. However, the only actionable scenario for me in that area will be a short , in case of a possible weakness in price. If a move below the monthly resistance is...