rfelchuk

rfelchuk Updated 

Waiting for reaction to 7370-7220 zone for taking buy opportunity. The 7370 could potentially provide liquidity via swing failure It is also untouched OB So thinking if price is to go to 8K it shall start there

rfelchuk Updated 

How many bought the dip? I didn't, not to say I haven't tried. As I am a day trader my risk is tightened and entry requires precision. I did put 2 attempts to buy BTC, the last one at 6700 but was stopped out. Now one can see how close this entry was to the precise low. Never mind. The green transparent box supposed to be the area of buying power consolidation...

rfelchuk Updated 

Hi there! So we found support at the same level as last time when BTC flew to over 10K. Will the support hold? Well, that I cannot know. But trading is the game of probabilities, isn’t it? Last time acceleration was outstanding so even if we don’t see 10K in a day I still think we might have approached a good support.

rfelchuk Updated 

I am starting to practice Fibs in my trading and guess what, I am surprised! Just take a look at how precisely 0.27 served as a reversal level! Both at Bitfinex and Bybit charts. Too good to be a coincidence. I am long BTC from 8066 and targeting 8224 being a range high, as the first aim. Then I want to show you BTC chart from a HTF perspective but I'll look at...

rfelchuk Updated 

Hello fella traders) It's been some time since the last analysis whereat BTC was resting at 8750-ish. I was expecting price to react to 8600 level stronger than it has indeed done. It is no secret that price now develops in a form of so called "falling wedge". Bullas (including myself) expect price to explode upwards and bearass expect just the opposite. We...

rfelchuk Updated 

Okay ya. Looking good, let’s watch

rfelchuk Updated 

Still at support. Ok, we did not hold at 9100 and in fact are sitting below. But wtf, I feel bullish and I'll tell why: Looking at the daily we have some good PA at support. So I would say it takes a little longer to consolidate and price had to move a little lower than I expected but it still acts bullish. So who give a fuck? Look at the red dotted line!!!...

rfelchuk Updated 

Hi there! So I am glad that support zone that was defined as a retest of a previous breakout has played out well! Price consolidated right at support and shortly after consolidation it shot up! The price now is pinched in between the two zones: Below there's been a strong bullish consolidation 7700-8700 (marked as green ellipse) which provided STRONG impulse...

rfelchuk Updated 

BTC has provided a weaker performance than I expected. My strong HTF bullish expectations rest upon the preceding HUGE impulsive move. I am still HTF bullish , the only problem is: I expected a breakout by now, which clearly is not the case. The price has now approached the support which is also defined as the low of the range. Moreover the previous low has...

rfelchuk Updated 

Seems like ETH is awaiting breakout. 187.4 is the level to watch

rfelchuk Updated 

This is something I missed cus trading on Bybit where the chart lacks historic information. Opened Bitmex chart and discovered my old drawings, whereby I marked solid HTF support with fat green line, it is 159.5. The price has provided a double bottom from that level and successful breakout away from 196 will send price to 226. Fingers crossed, bullas do something :)

rfelchuk Updated 

BYBIT:BTCUSD As some of you know, I am still holding my ETH long from 186.9. Normally I don't hold margin positions for so long but due to being on vacation I decided to stick to HTF rather than checking my TW charts every 5 minutes. At the time of writing BTC rests on a level 9240. What does it tell us: BTC flipped major resistance 9094 to support during that...

rfelchuk Updated 

To be honest ETH looks more aggressive against the USDT then BTC. Clear triangle to me, with a flat top. Taking to consideration an impulsive move up that preceded the current consolidation I am long-biased. Longing from 186.9. Aiming range's high 199.8 for a 2.9R

rfelchuk Updated 

Now long from 7975 Aiming 8170

rfelchuk Updated 

So not having taken profit at first resistance when I bought BTC last time, I was stopped out BE. That excluding taker fee on a stop order, so ended up in a tiny loss. I now see that BTC broke the line of support of a rising channel hence expecting further downside. Thinking 7990 is a good invalidation point for my short. Anyway, I’m short from 7926 and...

rfelchuk Updated 

Clear SFP on hourly to 15m Volume support on the SFP candle Positive price action

rfelchuk

We are also at support of the rising channel, so if bullas want to lead the game, they better do it from here

rfelchuk

I would definitely like to short a SFP of 5,329 - we have diminishing volume support - and divergence on the hourly RSI o.w. if bears don't hold the line we could see a strong breakout candle