i have things to do today so i wont be around so this is my planned trade i have 3 lots staggered around 49500 aswell as tp and SLs, if you take this trade and are watching the screen take ur time and wait for the reaction, i believe spx will be meeting its resistance of about 4480 at the same time, its dynamic resistance so there should be some volatility after...
currently exchange supply is low. i do believe were going up to marked key level, i believe we produce a lower high, invalidation is obviouslly claiming the level and producing fresh highs i however still believe we take a visit to sub 40 to aproximatley 38k, this is not a range to rush things or over trade but just watch and take ur profits accordingly
this is my impression of what is likely to happen over the coming weeks, further dumpage on or around the 16th would fit the time schedule nicely with the first breakdown, we may head fake further than my lines show this is just an aproximation. cpi report is tomorrow, i assume the "inflation" trade element will be pushed but if youre following macro global...
if ur in a short from the high its adviseable to long cover for the retest as btc will probably test the vwap and poc. we dont go down or up in a straight line. if ur not in a short and ready to long cover this is not the trade for you
if u compare btc ath macro fractal to solana u will see a stark similarity, starting from the double bottom to the peaks, i would assume this means the top signal for the whole market this current run. lock in profits, look for shorts at resiatnce.
keepin it simple. horizontals the thicker lines are heavier confluent points and volume. but crypto is pretty bullish so i believe we could generally trend up for the next few weeks.. it would be to easy if btc went back down to low 30s or even low 40s so this is going to new highs, 46k shows heavy support. if we drop in to ramen zone buy some more crypto
current upward pressure is meeting its first true resistance since the climb,, there is a confirmed support with high volume if youre looking for entry,, possible target of 47k.. possible bear target 0! lol.. jk,, 34-36k depending on the reactions