Strider_Estel

Strider_Estel

Essentially, BTC has traded rangebound within the 30s-60s for 11 months. After our large correction in May, we started a trend up with key changes in market structure forming macro higher highs and lows. In the past month, BTC continues its slide down the red channel. This seems like a pivotal moment in BTC's bull vs bear journey. Which channel will win short-mid...

Strider_Estel

We held our ascending channel along with a couple of other supports. I'm hoping the bottom is in. I would feel more comfortable seeing us make a macro change in market structure with a higher low/high on higher TFs. Otherwise, we could just be forming another lower high and still in a high TF downtrend.

Strider_Estel

I took a fractal from Jul-Nov '21 to visualize what the road to $100k could look like. Not expecting this but if we repeated the past five months' action we would hit $100k in March '22. What do you think? Also, check that Fib Fan!

Strider_Estel

Buyers step in to defend a key area of significance trying to flip the high 63s into support. They've held ground for 6 days now. If the bears win and resistance holds thankfully we have built out support below.

Strider_Estel

Looks like we're retesting and so far rejecting entry back into our down channel (upper red line). Also, trying to form a new uptrend on the 1D. If we close above the channel and then continue to form a higher high in the next few days, then I'm bullish on BTCETH from the technicals and will consider trading some BTC for ETH.

Strider_Estel

We had a brief dip below the mega channel today but so far, it's just a wick and BTC rejected re-entry. Hopefully (for the bulls out there), it continues holding as support. Feels like that battle may not be over and we'll come back to retest again. But that's just a gut feeling.

Strider_Estel

Forming on the 30 min. I'm waiting for a break and retest. These meet their price target about 30% of the time. TP1 612s TP2 602s.

Strider_Estel

Bitcoin finally broke out of the range we've been trading in since Jan '21. Expect a retest at some point but hopefully, we fail to re-enter and say goodbye forever to this channel!

Strider_Estel

Symmetrical triangle forming on the 2h. These can break up or down. Consider trading the breakout if wanting to be aggressive or wait for confirmation.

Strider_Estel

I pulled a fib from swing low to high for the whole chart - consider this a global fib (in white). Then I pulled a local fib from our April '21 high to the June low. If we had a pull back and only found support at a fib level (I say only because many other levels could offer support - see monthly levels marked in purple horizontals as an example) - we could find...

Strider_Estel

We broke some short-term market structure and flipped to a confirmed downtrend on the 12h and if below 608s we will confirm a new daily downtrend (although we're still in an uptrend on the monthly and weekly). BTC faces moderate resistance at a weekly level that coincides with our weekly uptrend line. Will we close above $60k? I'm uncertain but short-term bearish.

Strider_Estel

H&S with potential downside back to 60s forming on the 15 min.

Strider_Estel

If we close this daily level we have ONE more of daily resistance built in April - then on to clear skies. I only marked monthly-daily S/R levels (left out the 4h).

Strider_Estel

S&P rolled over into a downtrend starting late August. We're currently under the 50D MA and fighting the bull market support band (Ben Cowen's from Into the Cryptoverse). If we break the BMSB look to the 128D MA for potential support. I find it interesting crypto appears untethered from the equity market at the moment. The total crypto market capitalization seems...

Strider_Estel

We won our fight (for now) and are trending towards the .618 fib near $51,300. We could come back and retest 492s at any moment. If we retest and bounce I'd expect us to break the .618 and possibly consolidate around there for a while. If we keep trending up without retesting - then we might float underneath the .618 and see it serve as resistance while we attack...

Strider_Estel

We have faced this key level of significance 11 times over BTC's history and have struggled to hold it as support for longer than 3 months. Will we break through and hold this as support? I'm suspecting a retest lower. Maybe BTC wins round 12 against $49270!

Strider_Estel

DOT trade: trend ranging a bit now on the 4h - could consider taking some profits here but I'm going to let it ride. I'll get more concerned if we break the red line and close.

Strider_Estel

Pseudo-Bull Pennant forming on the 1 week chart. Could the trade break upwards entry at $1.74 with a target of $3.10 and a stop loss at $1.20 for R:R almost 6:1.