cryptovatsik

cryptovatsik

Swept two previous highs now, into local supply. If looking to short I'd take it on a lower timeframe break of MS and bearish retest targeting the grey box. Ultimately I'm looking for longs and would like to add more in the grey box if we get it. Cheers

cryptovatsik

SPELL - update from previous post Got the range low sweep (green) Got the range high sweep (red) Got the range EQ bullish retest (yellow) Playing out quicker than expected, but the principals and levels are the same. Target above in red dot circle. V

cryptovatsik

Pretty standard - 3 touches of lower lows in price and higher lows in RSI taken from the bottoms. Looking decent.

cryptovatsik

SPELL has had relative strength lately and I feel nobody really noticed. Unless you zoom in down to current PA, it won't look like it has done much recently. That is not the case, SPELL has: - Broken out of two resistances (indicated in "breakout" and "s/r") - Flipped a key S/R level into support, thus breaking bearish market structure - Is developing a...

cryptovatsik

This would be great if we got it, plain and simple. Lower low in price with RSI making a Higher low - confirming a bottom. RSI has reached its lowest point across multiple exchanges and timeframes, the time is coming soon for a bottom IMO. Just a potential scenario & observation, nothing more.

cryptovatsik

Technically my short trigger has hit, the market showing some strength yes, but if I stick to my rules it would tell me to short this area with a tight stop-loss. Time will tell if I am wrong or not, but that is why I have invalidation levels (reclaim mid-range I am invalidated). V

cryptovatsik

Bitcoin Logarithmic Growth curves displaying historic price movement since its existence. A lot of discussion now on whether the recent 'top' was a completion of our 4th bullrun or not, my observations below: What we know: - Price has touched the upper band of the Log curve at the end of a bullrun, this has happened 3 times in history - highlighted in red -...

cryptovatsik

Link, ahh good old Link. How have you been, tough year hey? Well, good thing is you're still kickin' around despite all this blood on the street. I haven't charted LINK in a long time, but I feel now it is time again. My thoughts are all written on the chart, clearly, with BOTH short and long triggers. I don't really care if you agree or disagree and in fact I...

cryptovatsik Updated 

Okay folks, my plan REMAINS as I've shared previously! Looking to long ETH soon, almost at my buy zone. Plan remains the same, will enter in GREEN with a tighter stop loss, in case this rally is over in the mid-term. If this dip completes and we get another leg up, I'm targeting the squiggly top clearly as a TP area. as that will take out our previous highs of...

cryptovatsik Updated 

Long position still valid, TP'd once already but leaving the position open until stopped out / invalidated. Otherwise this turns around and I will TP2 / TP3. At the least I made profit one the original trade idea, it is not about being right it is about making $ and having invalidations. Weak market across the board, it's likely I get stopped out but I am...

cryptovatsik

I shared previously both scenarios and was leaning toward red, simply given the fact we had a harsh rejection at the above bearish ob in red, with candle closes below and wicks above. We then lost the s/r as support, made a LL and broke market structure increasing the drop momentum down to my target almost perfectly, just quicker than I had anticipated! Now...

cryptovatsik Updated 

Would expect to see BTC touch the lower band of this ascending channel we have here. Lost the channel EQ and weak market across the board, short term I think we head lower given the recent price action. Stay frosty.

cryptovatsik

If you want to trade GALA, here is how I would do it. Long target with SL and short target with SL. These need to be tight stop losses imo, with short-term target swing trades. Not looking to accumulate in this choppyness, but could easily play this if we get another leg up or if this fails and it breaks down. Personally I do care which direction it goes, but...

cryptovatsik

Plan remains the same, I've shared this prior, we will get new lows likely for accumulation and re-accumulation. Be patient, disciplined and have conviction. Do not chase these MINOR pumps, wait for the lower dips if you are accumulating. If you are trading this, have tight SL's and clear TP's. Do not get caught up thinking 'you bought the bottom' Personally,...

cryptovatsik

Beautiful tap of the bearish OB with two wicks to the top, while candle closes at the bottom of the block (red). Now stuck between May low as support this time now, albeit not very strong support though (not tested much). Expecting chop in this area until ETH makes a decision. Stay frosty!

cryptovatsik

My plan for the next little while, if I get a chance to long I will but it is becoming late to the party if you didn't get in earlier. I will look for shorts on a failed attempt at previous range high/untapped highs. We will test the lows again imo, just a matter of time. That is when we will know if we've bottomed or not, for now this rally could be the...

cryptovatsik

Fractal still in play (not taking it too seriously) but something like this is still on the table given the levels that are being flipped and ETH displaying consistent strength - especially against ETH/BTC Trend is your friend.

cryptovatsik

Fractals can usually fit to your bias and look really nice, but it's important to remember they usually do not follow the path and historic PA doesn't typically ever look the exact same. A nice idea though for now, visualizing a path up to next resistance! I took this fractal from a previous structure that is similar to what we are seeing now, if the bullish...