So much bullish news but I went short on BTC yesterday on retest. Adjustment to breakdown structure plan - Short entries at $63500 and $63,300. - Initial Target Price $58k - weak bounce - Ultimate aggressive target is $48k - Expecting ALT market to breakdown. ETH might break to new ATHs and move against the downtrend as we have seen before. Speculative and...
BTC fast Approaching $65k area. Target was $75k but considering a bearish double local top scenario and framing this as a move into sell zone. 1. Break of Support 2. Move to Retest 3. Rejection ($57k) 4. Resumption down - support off failed H&S. Of course hypothetical but If this materialises I think there will be some large price fluctuations over this week...
Watching this channel for the weekend - Long on the recovery - $65k and possible $70k+ as a stretch target to close off the flag target. - Break below, option to short on retest of channel. Bearish momentum but leaning a little bullish tbh Best, HF
Approaching ATHs and I think most are rooting for the old dog. - The previous ATH ended on a monthly long legged doji - often means indecision and why I've been expecting a revisit to ATHs at least. Whilst diminished liquidity here can push price up to the bullflag target of $70k - here we may see a retest to the previous ATH. - Sticking with my LOG chart for...
SOL target is $300 if it can break up above the mid-range of this trend. Exited. Will re-enter on break or through possible support at $190 levels. Best, Hard Forky
Interesting territory for BTC with a possible run from $58k to $70k / 20% - Break into upper channel and Retest successful, expecting a Resumption at the break of $58k up to $70k. - Revised from $65k, assuming a second equal length flag from the break of declining wedge. - Following the Retest ALTs have started to move. Might be short-lived but...
Wedge - coming to a close. If BTC stabilises at the $55k range we might see this break to the upside - 0.13 B, HF
LOG. Currently split: Bull Scenario - Completion of Bullflag up to ATH - likely to continue it's march but possible bounce off $50k. Bear Scenario - BTC just completed a retest of the break down from ATHs - two touches of resistance, monthly RSI currently looks bearish. This would lead to a lumpy drop in price - $20k target. Sentiment seems to lean towards...
Considering exit and short price for UNI. Still a way to go before any form of real breakout. - I'd be surprised if UNI can break of $30 in the near term pushing TP to $38 - Currently expecting the market to break back down in around 14 days and $28 to act as resistance. - Exit will be clearer in a couple of weeks Best, Hard Forky
Subtle but if valid it signifies a bearish move on the break down. Watching for the break either way. TBC B, HF
Ok, great momentum but needed a narrative to support the long rather as was expecting a pump later in the year. - Large bull flag with a TP at ATH is a pretty good narrative. Probabilities are usually pretty good with Bull Flags and if this continues up, the main body of the pole may materialise in the next 48 hours. B, HF Market Structure has been pretty...
The hourly price action is out of my league so stepping aside into the safe arms of the old Log chart. I think these lines have been in place for about a year now - not perfect but interesting to see how they are interacting with price. Looking at some alternative scenarios vs. my sideways expectation. - Local Fractal based on the ATH period - Consistent pattern...
I was enjoying watching my long finally move up to the $47k TP but that was quick. Tough price action recently but was 100% committed to this. I can't enjoy it for too long as BTC is still in my SHORT phase in the Q4 plan + in the near-term there is excellent chop incoming over the next week - between $47k and $45k then back to test the break at $43k. Plan: -...
Large share of portfolio so reviewing targets. Being conservative. - 1st Oct - $42 - 14th October est. $45, retest of ATH before selloff B, HF
Trying to get better at tracking/planning the DXY. The DXY is definitely a key part of this currency/crypto synthetic market/ecosystem. This is a sketch of the path over the coming months before it drops later in the year. Channel trendlines seem accurate but timings ned to improve. Best, Hard Forky
Break of resistance, Initial Target $47k B, HF
I expected that Sunday and much of this week would be tough to trade and heavy margin trading would be risky. - Today/Tomorrow: That being said I believe that we will see horizontal resistance break at $42,500 today and finally see BTC moving to $47k. News will be based on US Funding Bill/s - Next few Days: Expecting more big price action between $47 and $43k...
After the short at $45k to $42k I am now moving long to $47k. - Entry should be around $41,500 - 13% gain. Dips have been shallow recently so may need to ladder in. - Safer entry would be break of $45k but marginal value. - Avoiding any heavy leverage on BTC for this trade - I'm expecting some dramatic price movements as we enter Sunday. - ALTs are pretty weak...