It cant get any simple, blue will be a short for me, a pullback to red is a long.
Blue is key area and resistance, I dont think price will break upwards in the first try, and watching current PA, with almost no shakes and no punishment for longs, I will bet for at least one big sweep from blue to red before more bullish continuation.
Taking a look at the two main scenarios I'm considering for now, bullish continuation after a retest, or back down to take at least the 2021 lows.
Red box is a clear confluence area, S/R point, mid range of feb21 range, and a demand orderblock area too, so the line in the sand for me. Price needs to clearly hold that box, and not close back below.
Evolution of previous fractal I shared, retesting previous trendline for now imo, still thinking bitcoin is going below 40K at least. Once we are there time will tell if it's just a retest of previous range or we are in some serious trouble, but for now, I'm aiming DOWN.
i'm currently short, until proven wrong this is just a stop run of previous highs before retesting lows again for me. Close back below blue and I will look to compound, currently aiming for those objectives in chart.
Update of my last idea playing nicely for now, any weakness at this point is a short to blue range, if you are not short already. Not looking to long anything at this point, just lead the market settle, but for now just looking to compound if we start losing grey box.
Simple chart in daily showing the same fractal at this point. Expansive move, break down the main trendline, retest, and move back down taking key lows (x) and liquidity below. Retest of the lower range, acumulation and move back up.
This is just for entertainment purpose, but that's a scenario with big chances for me, a retest of the may-jul range is something...
Long play I'm looking at, a push towards the grey box, and back up again at least to 50.500$ highs.
X is the invalidation point for me, I dont want to see the price closing back below that area.
Longed this today, clear reclaim in lower tf, aiming for those objectives in chart. First TP is FEB21 high range, second objective is mid range from ATH. If bitcoin consolidate at this are for some days, should give some spaces for alts to run, and ZEC looks prime for a shot to that area.
XLM looking good, reclaimed key area in lowertf, and currently consolidating above, I'm long aiming for those 3 objectives in chart, key supply block first, followed by FEB21 mid range and ATH mid range. Once we are there I will revaluate but those are pretty clear objectives for now.
I still need one last confirmation closing above purple line, but $DODO is looking good for a trade to the lows of the weekly range. The lows are key magnetic area, so once we reach there, I want to see the price clearly reclaim the low and consolidate above. Clear close inside the range = long to mid and high range. Close above the range = long to ATH. That's...
No idea about this project but chart looks good enough for me, price currently consolidating inside the FEB21 range and fighting against mid range, still needs to clearly close and consolidate above purple for confirmation, but once we get there that's a clear long for me to those objectives in chart. First one is the high range of feb, second one is the mid range...
Price consolidating at resistance, once we have a clear close above trendline this should move hard to at least those objectives in chart, mid range (blue box) is clear magnetic area so Im expecting at least a push towards there. I don't want to see it close back below 0.01$ area.
Following yesterday ideas, still inside the grey area shared yesterday consolidating, waiting for a clear trigger for both sides.
For longs, I want to see the blue parabola break, and the grey box hold. So break the parabola while holding grey box, and close again above orange box (48.5k area), and that's a clear long for me to those objectives in chart, followed...
LINES ARE JUST FOR PURE VISUAL GUIDANCE, NOT INTENTED TO REPRESENT THE REALITY, JUST AND IDEA OF WHAT I WANT TO SEE AND WHICH LEVELS I WANT TO SEE TAKEN O RESPECTED, MOVEMENT COULD BE MUCH FASTER OR SLOWER
Bitcoin currently following the plan posted this morning, reached the area of interest taking those key lows as asked, and currently consolidating at this...
Bitcoin currently fighting against main resistance in weekly chart, I'm not looking to buy at this point, but a possible pullback and retracement, before we try to smash that level again.
The best scenario for me is a retest of the grey area where I will be looking to long, take those lows resting there, respect 46.6k area not closing below, and move back up....
LRC looking really good, back inside the main range after deviating to 0.2$ area, clear sign of strength and an area that needs to hold.
A close above this grey area, and ATH will be next imo.
For position taking, I will be waiting for any retest of the lower range (orange box), thats a clear buy zone for me, and an area that needs to hold as support. Closing...
Pretty clear chart, looking good but still below key resistance in daily chart, I want to see the price clearly closing above orange area in 1D candles, close and consolidation above, and next area of interest is around 2$ (Grey box).
RSR currently looking good like almost every alts, was able of breaking above last months range and consolidation area, celar market estructure break for me, and currently price is aiming for mid range at 0.65-68$ (grey box).
As you can see orange box is a clear S/R area that needs to hold at any pullback, it could go down sharply as a deviation but needs to...