Recently we have seen BTCUSD bounce around from a previous resistance zone down to its relative support zone. Both connections had some nice wicks that allowed for some great scattered entry points. These bounces have begun to setup a new directional shift if we look at the first resistance zone as completing wave 1 and the touch back to support (.618) as...
This setup is showing across most majors and even some mid cap alts. Looking for the pivot support with closes above, divergence appearance, and fisher trigger at 0 level. If all three of these complete I will enter in long with size and wait for bearish divergence with confirmation for the exit.
Given ETH's upgrade coming around the corner, I remain bullish on...
As stated in previous post, I expect the overall market to chop during the short term and finish the month with strong volatility. Looking at individual assets I see SOL approaching a nice long opportunity around $110.
I will post my limit orders for the time being but will execute size when the trigger occurs (bottom indicator) along with LTF divergences.
We have approached a critical level for the overall cryptocurrency market. What I would like to see here is previous support hold with a couple days of chop. Either way I expect a larger volatile move to play out as we traverse into the end of the month. Therefore, I have positioned myself out of any leveraged perpetual plays and have only scooped up a couple long...
