Mike-BTD

Mike-BTD

VIRTUAL has shown much strength based on the excitement of a hot new narrative. Although this is the case late buyers run the risk of becoming exit liquidity for profit takers. Keep in mind the price could keep on moving up however most of the time buying into pumps does not work out for the best.

Mike-BTD

BTC is in a sideways structure either looking for a ChOfCh or a break of structure. A continuation down would be in line with the structure being a bear flag and the target would be ~87k. The daily would most likely be oversold at this level and present the best RR opportunity to accumulate.

Mike-BTD

NYAN is again back at the bottom of the range, testing the support area. This zone has the best risk-to-reward ratio, and it improves as the price gets closer to invalidation. As momentum continues to get oversold, assume that DCA opportunities will come around.

Mike-BTD

ONDO is looking for support and is currently testing the previous high. It would be a good sign if the price produces a pivot structure here. However, the daily momentum seems to still be in a free fall. The risk of going long is that momentum gets oversold.

Mike-BTD

KAS pulled back to the bottom of the range. The negative price action in the chart is not exclusive to Kaspa; in fact, it is evident across the crypto space. The sideways channel does show that supply and demand are at gridlock with equal buyers and sellers and little sign of accumulation at this level. To see the KAS price break out bullish, there must be a...

Mike-BTD

BTC is struggling to find support, giving the market some really good opportunities to accumulate. Although the 4h oscillators look bottomed out, the daily keeps me critical of the current market conditions. The daily timeframe seems as if it wants to get its full reset, this would result in more downside across the crypto market. Are you ready?|

Mike-BTD

ICP is creating a structure that should expand as it approaches the consolidation point. Momentum and trend oscillators are still moving to oversold conditions, which could present the best DCA opportunities. In the meantime, keep in mind that the daily is still pushing down, and the 4-hour has reached trading levels. Wait for confirmation.

Mike-BTD

VELO is currently in a retracement and is looking for support. Either the price structures or continues to retrace and hunt liquidity. Velodrome has yet to receive a major expansion. These accumulation ranges are vital for preparation.

Mike-BTD

AVAX did get a nice run-up and it doesn't seem over. However, a short-term consolidation would be healthy for a strong continuation. Both momentum and trend oscillators are showing bearishness. A strong continuation would be when price structure and oscillators are in confluence.

Mike-BTD

LSE:ALPH has shown a lot of strength at support levels. A bullish partnership can definitely make a difference. Regarding price action, at this point, the risk of buying into a pump is presented. The best way to reduce risk is to find a setup with a healthy RR. Structure or a retracement into support would do the trick.

Mike-BTD

SUI has recovered nicely since the dip however the volume across the market is coming down. The question is can this grind-up be sustainable? The momentum and trend are showing signs of class A bearish divergence. A structure or a retracement to historical levels of support would be the only way to plan a setup with a healthy risk-to-reward ratio.

Mike-BTD

FTM is dipping alongside the rest of the market. As a momentum trader, I focus on momentum shifts in the market. The 4h is almost oversold however much more needs to convince me that this dip is over. Bitcoin is not giving me a signal of support yet either. Be patient and accumulate slowly and get more aggressive as the confirmations of support come.

Mike-BTD

AR has broken out with some volume. The price is now hitting some resistance at a drop in historical volume, these levels are usually very emotional zones. There are signs of bearish divergence on the 4h. Remember that the consolidation on the 4-hour could translate into a bull flag which could cause an invalidation of the bear divergence. Be prepared for a dip...

Mike-BTD

KAS is still within the bigger structure but on lower time-frames there is a bull flag suggesting continuation up. The most interesting aspect is the increase in volume on this last impulse. Yes, there is resistance above but if the bullish volume has enough strength a short squeeze can cause the price to expand.

Mike-BTD

TIA is looking to build a continuation pattern above support. As long as Bitcoin doesn't roll over, price action will likely continue bullish. As mentioned, we must get used to trading continuation patterns and be defensive on our capital and gains. Get those stop losses in and put them into profit as soon as possible.

Mike-BTD

ETH is showing lots of strength and is looking to reach all-time highs. Keep in mind these levels are very emotional and volatile. However, to truly see a strong altcoin season Ethereum's strength needs to continue into price discovery.

Mike-BTD

RIO is going sideways forming a nice W bottom. However, the price is currently facing resistance at the top of the range. This is a breakout trade setup, and risk management must be integrated. Either wait for the breakout and the backtest or a bull flag that can provide a price to set a proper stop-loss.

Mike-BTD

OCTA is forming a falling wedge that has a bullish bias when it breaks out. In the meantime, confirmations of a pivot are still needed to build riskier positions. A change of character would give us the best signal. Both momentum and trend oscillators are showing bullish divergence. Prepare for some follow though.