In my last update I mentioned resistance and support levels: - Resistance: the first one I was looking at was 20.5k which got front run in the end - Support: I said I was interested in one level only, and this level was 18.1k Today, this level finally got hit and already offered us a 2% bounce If we want this bounce to take us higher, we first need to reclaim...
In my last update, we talked about the possibility of getting a drop as the POC of the rise moved up. We ended up getting a drop of over 8% after I posted my idea, took the liquidity below 18,519 then pushed back up and rejected the 1h OB at 20,185. I usually don't do hindsight analysis as you guys know, so sorry for not sharing the levels before they got hit but...
Quick update: The POC of the rise just moved up. Staying below the POC (the red line) and losing 19.8k (POC of the bigger range) could trigger a larger drop. We could still push higher and break 20.5k to take liquidity then drop, but we first need to reclaim this local POC at 20.2k to see more upside. Any questions? Good luck traders Remember not to break your...
People are getting pretty bearish this week, and markets are approaching big levels (DXY approching resistance, S&P500 approaching liquidity) On BTC, I'm looking for a move down to take the lows and see if we get a reaction (as shown on my chart). We have some support at 18.7k (which is offering a bounce now), and we also have confluence at 18.2-18.4k. However,...
Yesterday I talked about the 1 and only scenario I was looking for: a move down to look for a bounce. My initial plan was to hold for a higher low (support I was looking at was 18.7-18.9k). However, this plan didn't play out and we pushed lower. We ended up breaking the low at 18,461 for a failed auction before seeing the bounce. Now, the big level to reclaim...
In my last update, I said BTC was at nice support. It ended up pumping over 20% from the support area that I gave, and pushed above our first target which was round 21.4k We then rejected off a 30min OB and are now back below 20k For this week, I'm just interested in 1 area: 18.7-19k (OB + liquidity) Looking for shorts here is of course something I'm not...
In my last update, I said I wanted BTC to drop to 19.5k before bouncing, and that a reclaim of 20.8k would be a sign of strength. We ended up bouncing at 19.5k for more than a week, but never reclaimed 20.8k, which showed us that those bounces were weak. Now, we are at a nice area of support, a strong fib level and lows that haven't been taken for 2 months at...
In my last update, I told you that we were at major support (above 20.7k), but that personally I was interested in 19.3-19.9k We ended up consolidating above support for a couple of days, before breaking the range to the downside, and headed to the area I was looking for. So what would I like to see here? I still want to see just a bit lower, for a couple of...
In my update 7 days ago (link below) we were hovering just below 24k I shared with you my thoughts: One more push a bit higher (above 25k) and then lower We ended up hitting my key level to the dollar almost, and have seen a 15% rejection since then. For the support levels that I gave you: We had 23-23.1k Yesterday we put a LTF range above this support, took the...
In my last update, I wanted to see higher and gave you the levels I was looking at. We ended up bouncing off my order block at 23.6k and broke the highs. Then, if you actually tried to analyse my chart, I also had marked a key level at 25.2k Well, today we touched that level, almost to the dollar, and got a strong rejection from it. Now, we could easily...
BTC took the high once again before coming back below it. If you look at the daily chart, every time this has happened, BTC put in a higher low before rallying again. To break this pattern, we would have to break the low at 22,369 I would still like to see a bit higher (between 25 and 26.5k) before seeing more downside, but of course it depends on if we hold...
Here I'm gonna share with you my favorite count for the S&P 500 We are in a corrective structure, which is unfolding in a triple three (3 zigzags) This is my primary count for the S&P, it's very clean. We have nice alternation between X waves (first one being an expanded flat, the one being put in now being a zigzag). So right now we are looking for this X wave...
Yesterday we were consolidating above the POC (which was at 23.8k at the time) and said if we lost it first target was 22.9-23k. We broke it and reached our target fairly quickly, then bounced off the daily which was in confluence with the anchored VWAP just below 22.6k, and are now back above 23k. 2 important levels which I'm interested in: - 23.8k (daily + VAH...
Yesterday we pushed up the the VAH for a rejection Right now we are consolidating between the POC and the VAH of the range. If we break the POC, first target would be VAL (22.9-23k) (we also have a volume gap at 23.5k that you should be aware of) If we break the VAH, target is still low to mid 26k Any questions? Good luck traders Remember not to break your...
In my last update, I talked about the importance of reclaiming 23k I forgot to mention that we were at an interesting support (sorry), but if you looked at my chart you could see the level that I had marked out at 22,379.5 We held that level beautifully, reclaimed 23k with a strong move up, came back down to test the fib golden pocket, and we are now hovering...
In my last update, I talked about how we didn't want BTC to lose 23k We chopped around that level before moving lower today Now, I'm just looking at 3 regions: - If we reclaim 23k, good sign of strength, 26k becomes likely - If we can't reclaim 23k, keep an eye on 21.1-21.5k, but I'm more interested in the area between the daily at 19.3k and the new monthly at...
BTC has now tried to push twice above the range high at 24.2k but failed This would be considered bearish of course, however BTC has been consolidating below the highs pretty nicely, even after rejecting them twice. To me this is a bullish sign, showing that it wants to go higher, and I'm still interested in the 28-29k area As always, this can change anytime,...
Yesterday I posted 2 ideas: One where I gave all the levels The 2nd where I acknowledged a potential rejection In that 2nd idea, I said we would need to lose 22.5k for a confirmed sign of weakness. We ended up pushing to the upper daily at 23.4k, before going back and retesting the lower daily at 22.5k perfectly to then pump and break above 24k Now, of course...