p3nchan

p3nchan

So far the midterm trend is still up with multiple up move bars. The trend is still very steady, and now is not pretty good to short if you do trend trading. However, keep an eye on the long-term.

p3nchan

So the weekend has finally come to an end, and we can see there's not much altcoin flied far. Now Bitcoin has come to a consolidation phase. Not pretty sure how it go, so flat now. But I did check the chart of FTT. It seems that pretty good if we reach the lower part inside the range. Look forward to going to the range high if we made a bounce down below....

p3nchan Updated 

Look for price to take the POC, or even VaH here, which is also inside a supply zone. Confluence meets. Let's see how it go.

p3nchan

After the weekend, the price dumps finally. Would prefer to long at the breaker since the setup is complete along with the OTE within. Gonna see how it goes later on.

p3nchan Updated 

So now the price has already broke the secondary structure at H4 scale. Now look forward for it to dump to ML level for lq.

p3nchan

Alright, it's so closed to my estimation from last one. Now let's see if it'd go downward to the bottom. Not sure if it'll break the lows below, but according to past two cycles few months ago, it's possible. So watch out if you got long position when it do structure break here.

p3nchan

Currently the structure is favoring the long. Now the market has not shifted to downtrend. Will wait for the clear down trend and then enter shorts.

p3nchan Updated 

Now having a gameplan for the potential liquidity grab on the lows. Would love to see how it goes here.

p3nchan Updated 

So far BTC reached a "+" bar just like few days ago, which can be recognized as reversal bar.

p3nchan

As there are the POCs and poor low below, now look forward to moving down till around 22.2k. Also, there are FVGs down here, and I expect the v-shaped FVG filling for this part. As for the TPO formed two days ago, the poor low is yet to fill. So probably it may be filled as well.

p3nchan Updated 

Now BTC has come to a supply zone which is a resistance for it to move up. I think it will going to hanging here for a short time to engineer liquidity, then continue its downtrend. Let's see how it'd play.

p3nchan

If BTC is stronk to break out current consolidation stage, I'd expect it rising fast inside the FVG zone till the next OB, which shows resistance for it. However, the scenario may not be highly possible as the major trend is still down. Just write it up as a note for myself.

p3nchan Updated 

Currently, the chart plays not pretty well. The lq grab was in the middle of the high and low, and the structure break didn't close outside. Now it'd better to watch and wait for a clear momentum or direction to happen.

p3nchan Updated 

The highs have been tapped. And now look forward to the POC below and 900 for ETH.

p3nchan Updated 

Short squeezed happened for ETH at 1280. This made a sudden pump for it. Now will look at the data to help decide how it goes. Will explain with pictures in the comment section.

p3nchan

Three taps happened and the potential long entry after the two bars closes. Finally left at the near swing high.

p3nchan

So I just had the time measurement according to the past two swings. All the following time is by UTC. Firstly, it might reach the top, which is 23k, at around 7/20 16:00 - 7/21 4:00. And then it goes sharply, it might reach a low, which may be just like 17.6k - 19k, at around 7/25 8:00 - 7/25 12:00.

p3nchan

Price swept PML and MH, now it consolidates here at around 21k. Will act if it reached the 23k, and hopefully the trend continues.