The crypto market just went through another heavy liquidation event, with BTC flushing down to 59k. As expected, altcoins took the brunt of the move with many breaking structural lows and sentiment capitulating.
Even so, a number of alts are now showing tradeable relief‑rally structures. These aren’t guarantees nothing ever is, but the setups are technically clean, with clear invalidation levels and logical upside targets if the market stabilises.
The key thing to keep in mind:
If BTC continues lower (which is still very possible), many of these setups will likely get invalidated and push into their yearly S2 pivots or deeper support zones. Until then, the structure on several alts supports the idea of short‑term relief before the next major decision point.
I’ll be using this same template across multiple charts so the logic stays consistent.
Price swept the October 10th lows and printed a low‑volume spring relative to the selling climax. It has since closed back inside the range and is currently holding above the new yearly S1 support (at least for now).
Targets & Management
TPs
- First target sits just below the yearly pivot
- If price reaches that level, trail the stop toward the range EQ
Depending on BTC’s strength, the stop can continue to trail, but one step at a time
Risk
As always, risk management is everything. These setups are valid only while structure holds, and BTC remains the dominant variable.
Even so, a number of alts are now showing tradeable relief‑rally structures. These aren’t guarantees nothing ever is, but the setups are technically clean, with clear invalidation levels and logical upside targets if the market stabilises.
The key thing to keep in mind:
If BTC continues lower (which is still very possible), many of these setups will likely get invalidated and push into their yearly S2 pivots or deeper support zones. Until then, the structure on several alts supports the idea of short‑term relief before the next major decision point.
I’ll be using this same template across multiple charts so the logic stays consistent.
Price swept the October 10th lows and printed a low‑volume spring relative to the selling climax. It has since closed back inside the range and is currently holding above the new yearly S1 support (at least for now).
Targets & Management
TPs
- First target sits just below the yearly pivot
- If price reaches that level, trail the stop toward the range EQ
Depending on BTC’s strength, the stop can continue to trail, but one step at a time
Risk
As always, risk management is everything. These setups are valid only while structure holds, and BTC remains the dominant variable.
Trade closed: target reached
Struggling at the yearly pivot. Happy to lock in the profit considering overall market looking weak.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.