#WRX once again flipped above the crucial resistance and feel really comfortable here. The main target id double top in the 1700 - 1750 sats area.
I open a long here and place one more buy order inside the blue box.
As you've probably noticed, I didn't trade $BTC for a while, just wanted to switch to alts trading. Now it's time to come back to Bitcoin.
The direction is finally clear: downward. This can be a third $8500 test and as you know, usually third test leads to a breakout. I've already opened a margin short with wide entry zone just in case of a spike above 9k to...
The price pushes closer and closer to the resistance and I wait for the next bulls attempt to break 10k. Just opened a leveraged long with quite tight SL and main target a bit above 10k. I have a feeling that todays spike down to $9630 was the last stop hunting.
Unfortunately, bears were too weak and my short didn't work out. Right now the local priority is upward, but only local. I can see two possible outcomes:
$BTC price rises to $9900 - $10k region and rejects there. This is bearish and can send us to $9500 or lower again.
$BTC price pumps above 10k and closes above. This will be a sign for a new bullish cycle...
The price is trapped between the hammer and the anvil: $9650 and $9560 levels. Previous $9560 test was positive, however, now the priority is to break it and move lower.
$9660 and $9720 retests are possible, but this way the following dump will become even stronger.
My position details are on the chart!
$ETH looks really bearish as long as it stays below the $205 level. The target of the decline is $191 support which it needs to test. Talking about stop loss for this trade, I would place it to $210.5 level.
What do we have here? A strong ascending support and horizontal resistance. The price killed all resistances inside the triangle and willing to grow higher. The breakout above $29.5 would be a signal to go long.
Didn't see a breakdown of 36k sats and there wasn't a growth engulfing. Now there is a reversal and $LINK engulfed a part of the dump. It is quite possible that we'll see a retest of some resistances, which are market on the graph.
$XRP and $EOS have broken their strongest support levels. They are ready for a free fall and I am ready to catch the dip!
My biggest buy orders are 1500 sats for XRP and 2050 sats for EOS, blue boxes are my total zones of interest. I will note you when I'll start making my order ladders.
Well, I didn't expect $BTC to pump THAT hard, but I'm totally ok with it 👌
Global resistance was broken and retested, so now we can consider it as a support level. I don't think that the price will fly up during the weekend, so here is my suggestions:
Today the price doesn't make a new high and BTC consolidates in the $9700 - $10000 range until new week...
The flat market probably ends right here as the price keeps above $9200 level. Overall the mood is bullish and I think it's strong enough to cross $9500 double top. Global resistance is really close and the halving hype is getting real - I really like that 😎
The setup is invalid only in case $BTC drops below $9200 and closes in that flat zone.
Briefly speaking, the $9204 resistance is the most important (locally) level for now. As long as we can't break it - we can't go higher. The zone between $8500 and $9000 looks good for consolidation before the breakout. However, we can also visit $8250 - $8300, but chances are low. More clear information will be given later, when I'll enter a position.
It makes no sense to open a new position today because we will likely have two unfilled gaps tomorrow: old one above and a possible new gap. I suggest opening a position regarding the new open CME price.
1. CME opens below $8840. This way both gaps will be above and the priority will be upward, at least to retest previous local high.
2. CME opens above $9170....
Monthly engulfing. This is locally bearish because the start of the new candle should represent correctional movement. Still, globally it's a bullish pattern so I don't recommend you to heavy short $BTC.
The priority is correctional, the price should cool off a bit to continue healthy further growth. Most obvious point for a reversal are $8500 and $8000 - perfect...