Awesome FA lately for this little sweetheart of a coin. Nice Market Structure to date and some truly fucked up spikes to heaven. Waiting below current price for entry and validation of bullish breaker. BTC may also help (or hinder) the cause if it decides to go south - depends how hard, and if.
Great couple of days for BTC. BTC put its foot down and made the statement that April is all about the King BTC. We said goodbye to low volatility for the time being. With Buy Stops used as jetfuel to reach the local resistance. Forming a new range. Reflecting on current chart, the picture is becoming clearer. Some clear ranges coming into focus, and forces...
Refer to my other chart (BTC Post the Liquidation Apocalypse) regarding bigger picture on HTF and where I see BTC going. This is where we saw the bear cartel lose their footing on the slippery slope of shorting against the trend. This particular chart zooms into the LTF aspect (hourly) and expands on the principle of ones eye being drawn to untaken liquidity -...
Alts have been pumping to bring fomo. Now expect equal H4 highs to be swept in H4 breaker at a minimum to take out liquidity - surprised if it doesn't happen. Even greater fun would be a higher sweep to take out previous range high to really shake out shorts. Then dribble it down or bart it to fill the CME gap.
D1 breaker holds or we repeat previous fractals of a quick descent down. Down would target OTE of 3580ish...otherwise sweep higher and keep on cleansing liquidity using buy stops as jet fuel.
I'm quite liking the potential set-ups here. I'd like to see a good close above local range EQ or a successful retest of local range OTE. To then challenge equal highs and tap that liquidity above. Full range OTE is clear from the chart and has acted as a decent SR marker for some time (excluding the tom fuckery in '08) - just look at that recent wick in Dec '18...
SR Flip and broken resistance, will look for EOS to take us upwards once consolidation is complete. Theorising that EOS will put its foot down and take control of the market cap recovery over the next weeks and months.
Yet another with decent market structure - the zinging dildo a week or so ago was a possible portent. Chart should speak for itself. BTC needs to do its thing - so let it, and focus on the outcome and not the noise.
Mainnet token swap April 30. Need to watch the SR Flip to validate it holds. Look for Green box if SR Flip fails. Levels are clear to take profit and restock upon pullbacks. This one needs patience.