TRON absolutely nuking into a retest of breakout level. I would expect a bounce here. Macro view 1D+ still is bullish if we hold above that swing low ~550 sats. My optimal trade entry is right at 564 sats. Low risk, high reward here.
I am interested in longing eth here. Confluent with a .5 FIB and yearly open. 1H TF reclaiming 132 is also a good sign. Could be a 1D HL compared to ~128.
Overall looks really good to me. I feel like the chart is screaming at me to take this trade.
Macro outlook still bleak for me. I am expecting to see 3200 before we see 4200 again. Taking out the liquidity below 3300 feels like the most logical move to me.
I would not feel comfortable longing here with leverage for more than a scalp.
Shorts favor the bears.
Zooming into smaller TFs and keeping my macro bias in mind, I am starting to begin scaling into...
Completely nailed the short these past few days. You can look back at previous posts or on my twitter to see the short calls with stop loss and targets. Today I think we bounce and run into resistance somewhere in or around my gray box. Closes below there are bad and have me thinking short with a final target of blue box. S curve shows how I think PA will play...
Looks like we may have topped out here. H&S pattern looking to play out as we make a lower low. Looking towards blue box for a bounce. If we see BTC bounce here, ETH will probably follow sothats something to watch. Short from 152
I think we will see new lows sometime this month. I think we will pump up to maybe 4500 before we top out. Might see some distribution above that range high before an eventual breakdown. Not longing here, invalidation will be a D1 close above 4500.
Ended up early on my last short. Took a bigger than average loss on account due to big position size. Looking for the top again here at 3800.
Confluence with previous daily resistance levels, we would still be bullish if top blue box holds.
Small size here.
I think there is a decent possibility we see this play out.
Take the yearly low, and bounce hard up to maybe 4k. We have been steadily making higher lows and longs have stops under those levels.
Will be a very interesting next couple of days-weeks leading up to 2019