The Re-distribution in Crypto is painfully clear to me. That said, I think we can see 1 last hoorah. DXY may need a couple more months to continue its uptrend, so for now we may see sideways in the high 20's for a while, to ensure retail buys high. To propel Bitcoin to the 1.4 Million Double Bottom figure, we need to retest the imbalance which is slightly under...
I can not say how long this Short will last, because I am currently viewing Order Flow and watching Live to look for clues. But at the very least, if you were scalping, here was a great trade. Buying volume exploded high above the last point of Supply, but price did not. Therefore, we can see there is likely Buying Absorption occuring, as we also have upper...
I was out enjoying myself holding short when this was happening, as I expected lower. I did not get the chance to have a closer look at the volume indicator on Coinbase, which is what I really should have done, as it would have allowed me to buy the bottom. But we all have stuff to do. Now my opinion on the market does not really matter as we have to keep...
We can see clear Selling Climax, and Buying Climax. During accumulation phases, we also have Selling Climax close to the bottom, and this is what confuses people. They also confuse the Secondary Test (ST) with a Spring. We have a very clear difference in immediate upthrust price action along with low volume. Most of the volume seems to be in high points and...
It seems like Bulls are forgetting about the Monthly candle. The weekly seems to be baiting bulls into buying (and holding) the Weekly RSI divergence which hasn't even closed yet. Chances are we could have a Sunday, dumpday to nail that back down (after buyers have already bought the top and shorts have been liquidated). What is realistic is that we may just...
We have heard a million different numbers 24.2k... 23.6k... 22.8k... 21.5k... 20k... So what would be the potential psychology? My guess is that ALL of these get broken. Every single buyer gets destroyed and even 19.5k Stop/Losses get taken out. This would get every man and his dog shorting/selling, thinking 3k is happening. And it could... the news is not...
One can only imagine how many shorts have stop/losses above the 4 hour shooting star candle from yesturday. We have a FED event today. My estimation is a bullish speech to bring price up to the trendline and take out Stop/Losses, and then we can begin the descend towards the 17k's.
We have 2 main supports - the 24.2k imbalance and the CME gap fill here Let's find out where we land on. Currently im short from the 27k's.
ETH/BTC is not looking too good. Bitcoin rose today to take out liquidity, and Ethereum failed to move higher. Keeping an eye on this chart for now, as a continued drop would mean good shorts for ETH. A rise above here would mean we target $2027 for ETH next.
Liq grab at 2020+ with Preliminary Supply on ETH futures We will set a limit order here and wait Good luck
Currently in a long to the supply zone around 28.4k What happens there is important, as we have a daily trendline there. Plenty of liquidity to take in the yellow circle. The RSI is strong.
6, 7, 8 (9.618) Death awaits. A return to the imbalance. What goes up, must come down.
We have Preliminary Support at 24.2k, and we have a potential top at 33.6-33.7k, based on a number of factors. Therefore, I will be waiting at these levels for either a LONG or a SHORT, as shown above. It is not clear whether this is an Impulse 1,2,3,4,5 or ABC Correction, so we will entertain both possible scenarios. I would be very surprised if the top was...
Rumble, the video platform that may rekt Youtube. Weekly engulfing. Pump it.
This has rallied a bit too much, and has hit a psychological number of 0.9786, just shy of TP's at 0.99 probably. Shooting star 4h candle also.