ETH on a macro scale looks pretty neutral to me. Had a nice run up from the 300's. Then a pull back from 800 in tangent with BTCs dump. Had a nice bounce off the 490 level. Would need to break above 540 for me to short term become bullish. My key reversal zone is from 605 to 618 mainly due to the order block and how price reacted with the level and how it reacted...
I've seen a lot of talk about BTC hitting tops or bottoms on the 6th of every month. I want their to be some illimunati conspiracy here but unfortunately its just the power of Fibonacci. On the chart above I've drawn various Fibonacci based drawing tools from Gann Boxes to speed zones to Fib Fans. As you can see their is always confluence between a Fibonacci which...
BTC daily not looking very good. I've mentioned before how nothing sub 7k has any well defined support. I've plotted two support zones on my chart but I would not consider them "strong" supports by any means and I would not consider opening longs at those levels. Definitely looking to get on the short side soon just haven't had any good shorting areas just yet. If...
Looking slightly bearish on ICX (a long with the whole crypto market) its currently sitting above a strong resistance zone but seems to be forming a bearish rectangle formation above this zone. Volume also doesn't look too good indicating a lack of buying interest at these levels. Break below 3425sats would be bearish close above 3734sats would be bullish. I've...
Got stopped at breakeven on my previous trade. Its cruel to be on the right side of the market but yet not make money this is an important lesson for me on profit taking. Congrats to the shorters.
BTC broke through one of my key zones. Next major support for BTC is around 7450. Will look to open a long there has nice confluence with a 0.7 fib. Target is the red...
Seen a lot of worry in some crypto groups I'm in about $BTC's correction today. Nothing seems abnormal to me just seems like a good old retest of the neckline of an inverse head and shoulders. My outlook remains the same that I'm bullish until the 8700-8800 zone that is my key reversal zone or my kill zone. That's where I will be taking my profits on my long from...
