One level I'm eyeing: 2500. Willing to play in both directions, bias is neutral.
$BTC | $USDT Morning Update Scary dip over the weekend, which wasn't surprising judging by how heavily please were leveraged. Retapped the daily support around the psychological 50K. February High zone (confluence with MO) is key. Priority is upward until proven otherwise.
Closed most of my position. Now we here, I'm tempted to short but will sit on my hands instead and observe for now. Plan: - Reclaim supply -> new highs - Reject here, retrace to at least 2040, if not lower. PS: nevermind the trendline on the RSI, this is supposed to be on the daily.
$BTC | $USDT Morning Update Retracing to Friday levels. This entire demand area is obviously a must hold: - Hold there and make new highs, - Lose it decisively and we'll most likely retrace much deeper. I usually let Monday play out without taking any swing positions.
Gold had an impressive rally since the March crash. Broke ATH , then regressed back into the range and below 2011 high. My take is the following: - until we reclaim 2011 high on the monthly, then the short idea is valid. - confirmation upon a monthly close (December) below 1825. Expecting us to revisit the breakpoint area (origin of the pump) around the 1580$...
Demand seems to be exhausted, stops cluster is too close. Expecting a sweep + retest of the lower demand before resuming upwards.
$DXY Apparently, everyone was bearish at demand. Tapped the monthly demand and the golden pocket: there's a very strong confluence for a bounce in this area. Expecting this one to tap the first supply level (grey box) around 93.7.
S&P looks a bit heavy. Wouldn't be surprised if we tested demaand in the upcoming weeks
$SOL | $USDT At supply. Two ways I would long this: - Break supply and February high, where I would big the grey area (turned demand) - Wait for a retrace to the 3D demand, confluence with 0.618 fib level. If this is bullish then we hold there.
Not a perfect fractal, but same pattern albeit extended. Not saying this will happen, but something to keep in mind.
$VET | $USDT Approaching fresh daily demand. If this is short-term bullish then we should bounce around this area. Otherwise, a deeper pullback towards the 0.786 fib level is in order if we lose January high. If we do bounce, then daily supply is the ultimate target
There's two ways I would look at this. First of all, this entire zone is a weekly demand and can extend to as deep as 1200. When you zoom out, the actual number becomes insignificant, and you would look at the price momentum and market structure to determine your next move. While it may not seem like it on LTF, retesting this entire zone is bullish and not...
$ETH We either breach it from here where you would bid the supply (turned demand). Or we pull back to 1450 where it's a must hold for continuation. Main target for both would be the daily supply above us if we manage to make a floor in this area.
$BTC Morning Update Going according to plan shared on Twitter, below supply. I want to see a reclaim of the grey box and the upper range at 57K to eliminate the short-term bearish scenario. Till then, probability favors the downside.
$BTC | $USDT Evening Update. Lost Monday low and the blue box. This seems to be resistance for now. Until reclaimed, I think further downside is plausible. Eyeing to clear the lows below, and preferably close above yearly open. Reclaim red box & this might look better.
$BTC | $USDT Morning Update Well, revisited 33K which is now apparently resistance. This is a no-trade zone for me. Until we decisively reclaim the 12H supply, we might just keep ranging here. 4H close below Monday Low and this will look really bad. Careful.
$ETH | $USDT Morning Update. Similar to $BTC, expecting this one to sweep Monday low and tap the demand zone. Will re-assess there. Lose the blue box and we head deeper. Till then, this is a no-trade zone for me. Patience is surely a virtue.
$BTC | $USDT Morning update. Two setups I'm looking at. Sweeping of either Monday high or low + close below/above these levels for a potential short/long setup. Lose Monday low and blue box is next. Losing the blue box will turn this entire structure more bearish.