AlphaTradeZone

AlphaTradeZone

Bitcoin is currently forming an ascending wedge right on top of a Daily resistance. This is a common distribution pattern and it appears in context with a Weekly bearish bias. If BTC breaks both supports that stand bellow 3900 and 3800 levels we are going to see price reaching as low as 3500 which is the next untested support on the chart.

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Two possible plays on ADA depending on which side this wedge is going to break. If it is on the upside best entry is the retest of the wedge, on the downside wait for a break of the level.

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TRX into our buy zone and holding very good above the EQ of the Demand Zone. Bullish Divergence on the oscillator and sweep of the lows are also two factors of confluence for this bullish bias. As soon as TRX climbs above the Demand Zone we will look for longs.

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Litecoin after a huge move up has finally reached a strong weekly resistance. I am expecting it to retrace the following weeks down to 12800 satoshis. We can also see that volume is showing signs of exhaustion on this uptrend. Bias is shifting bearish. A bearish engulfing candle on the Daily would lead me to search for short setups.

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Bitcoin has broken above Daily resistance. This level has been now turned into support. This may result in another leg up if we are able to take out 4025 and close above. As long as we remain bellow a break bellow the support would indicate a fairly safe short position. General bias is bearish. Reaction on the support was not strong enough to invalidate this.

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Usually what seems to most traders as an ascending triangle ends up being a liquidity trap for bigger players. The ascending trendline gets weaker at each test by absorbing buyers. In case price goes up 4k is the first strong level to watch due to the fact that it's an ignored prior level or resistance.

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Over the last days Bitcoin has been ranging. Range is marked on the chart. On the downside we can see strong high volume wicks which indicate buying activity. On the upside we see resistance (D breaker) tested many times and unsuccessful rejection of this level. Range broke and the High retested from the upside, combined with the above analysis could lead to a leg...

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Bearish bias remains in Ethereum. Price found support on the Daily Bullish orderblock and bounced up to take out a short term swing high. Liquidity rests both above and bellow the swings since Ethereum is slowly forming a small range. If the top breaker is rejected then price can drop down to 110 since this is the first untested support. As lon as we stay bellow...

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Bitcoin has recently moved to the bottom of the range and after finding support it exploded on the upside. Price is now trapped between 2 Daily Breakers and remains inside the range. Most of the time when Bitcoin hits one side of the range and takes out the stops it reverses and reaches the opposite side. This means that if we get back bellow the EQ of the range...

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Gaining the support on TRX will led me to long a retracement until the Equilibrium of the range. If we get back this move down was a deviation into the liquidity of the Demand Zone.

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Ethereum dumped more than BTC without clearing the liquidity above as we expected. Price broke market structure, getting bellow the support and retesting it as a resistance before it breaks down hard. Price has currently formed a Lower Low contrary to Bitcoin. I can see 2 possible scenarios here. One is that we reject the Low Timeframe supply zone and continue...

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Price broke down after rejecting the Bearish Daily breaker. Bias is bearish and liquidity is sitting bellow the big wick right on the demand zone. This is a level that we should consider watching for bullish price action since it may provide the necessary momentum to push price higher. Ideally we woud need a quick and strong reaction combined with a lot of...

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On the chart there are notes that describe in detail a typical way that an altcoin pumps. In this particular example we notice 5 phases that occured. a. Price takes out the low then proceeds with a big pump (Accumulation) b. Target goes just above the most recent swing high to trap breakout traders (Distribution) c. Selloff that causes stop loss triggers and...

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On the chart you can see how we plan to trade the ONTBTC pair. If price breaks bellow the breaker we are going to sell our positions and wait for price to reach lower support in order to refill our longs. Next target will be the liquidity pool above 3200 satoshi.

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Supply and demand on small timeframes

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For the last days Litecoin has been ranging. We are probably reaching the end of the bull cycle. It seems like LTC is in distribution phase. The move above the range was probably a deviation above the range high, the level that price is now rejecting. A sharp move bellow the Equilibrium would confirm our scenario that LTC is seeking liquidity bellow. This setup...

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Perfect rejection on the Daily breaker, support bellow has been already touched once so price will probably be heading to the next support at 3575. Setup is invalidated if price manages to get a close above the Breaker Block. General Bias is down.

AlphaTradeZone Updated 

Ethereum is showing a lot of strength in the last 2 weeks. Price is reaching the strongest High Timeframe Resistances now, after breaking through every other resistance. We have also reached the 0.786 fibonacci level. A bearish sign that indicates reversal is the descending volume on this move up. As long as we stay inside the channel, ETH remains bullish, a...