About meJust here to use TradingView's great charting app. Also a great way to save all my charts, analyses, setups and trades. I'm mostly an intra-day trader so will be unable to share actual trade setups. Just analyses and potential setups in the HTFs.
$TOTAL Market cap rising. A daily close above the cup would be a good start. Then we look to the weekly close for the ultimate confirmation. First target is 3.6T.
Looks like the tide's about to lift all boats!
Structure break on LTF and now re-testing support. Maybe not yet the best timing as alts continue to be suppressed by BTC dominance and BTC not yet breaking out to new ATH but this looks like it's worth the risk if we're targeting 260 (measured target for a pennant breakout).
PA looking really crappy atm but here are the levels I'm watching. That 12.3c level's been suppressing the price for weeks now so likely a key breakout level. Looking to buy some spot at 10.2 if it goes for a retest. A bunch of levels above 12.3 to watch too.
Bears really trying to turn the price back from a key weekly level (dotted horizontal level at approx. 49k). Bulls need to protect 47k if they want to see this higher in the near term. Else, we may see 44k again and maybe another re-test of 40k.
OTOH, if 49k breaks, the resistance level to watch is 53k. Break that and we likely see 60k again soon.
I do think the...
Mostly a RR play banking on a potential false break. Tight stops for a quick out when things go against me. Minimum target is 55c which is 3.7R. Could go way higher but we'll see.
Note this is a low probability high RR play. I like these moves and have studied them but like anything else in this business, they don't always work.
That 41k level has been quite special for the bears. Imagine if that breaks.
If the recent strong rally is a bull trap, we shall know real soon. I don't think it is but the market has its own mind.
I am expecting another crack at 41k after this pullback, we'll know how the market decides then.
A proper bull leg should take us to the 47k levels which is the 50%...
Just a quick note to say that $BTC.D just tagged 41.40%, the measured target of the double-top formation.
Perfect timing too considering what's currently happening in the market.
Will $BTC dominance rebound a bit from here? I suspect so but incoming days/weeks will tell for sure.
In this chart are my reasons why I have buy orders below 1600...
Bearish scenario via a H&S topping pattern takes us to 1533 via a measured move. I'm not saying this will absolutely happen but the odds of a move lower are not low.
Dips are gifts. and buying ETH below 1600 would be quite the bargain IMO.
Not trading advice. DYOR.
Very simple chart to show a market premise...
Needs a daily close and some form of follow through. I'm wary of false breaks at this point due to BTC potential volatility into the weekend.
Be careful out there.
Market's been trading in this descending channel since January and right now in a bull leg putting pressure against the resistance trend line.
If we are to see more USD strength (the dollar has been on a tear lately), then this could be a nice breakout setup.
Watching that 1.26 level like a hawk...
If bears fail to break current levels 24.80 - 25.40, I think we could see a rally to test 28.30 which I think is a key level to breaking out to new highs.
I'm trying to enter in early in anticipation of that breakout which is a bit risky. Again no guarantees as I think market may continue sideways within current trading range but I think the buying pressure is...