Trader AL

[Trader AL @Chip_Slays]

You have to be crazy enough, to think that’s possible. That’s how you do something worthwhile. That’s how you beat the fucking odds. But you have to believe it’s possible.

[Trader AL @Chip_Slays]

@traderkane @ApexTradeFund Great job 👏

[Trader AL @Chip_Slays]

For Ethereum to resume its upward trajectory, it must regain acceptance within the Q2 VAL, which also aligns with the yearly VAL. Until then, the bearish outlook persists and we look for next support level at $1,800.

[Trader AL @Chip_Slays]

#Ethereum's subsequent failure to overcome the Q2 VAH and rejection at the POC as shown in Figure 3 triggered a significant, impulsive decline, retracing nearly 42% to the Q1 POC and VAL Check figure 4.

[Trader AL @Chip_Slays]

This area now serves as support as Q3's profile develops. Notably, the previously supportive $2,880 level has transformed into a substantial resistance.

[Trader AL @Chip_Slays]

However, a closer examination of footprint charts, such as those provided by #Exochart or #ATAS, reveals that this second attempt lacked the volume and Positive delta of the first, leading to another pullback towards the Q2 VAL at $2,880

[Trader AL @Chip_Slays]

Subsequently, the price found support at the upper node of the Q1 profile, as highlighted by the pink arc tool. An example shown in Figure 2-2 To initiate an upward movement, Ethereum would need to break this balance with increased buying volume and positive delta Check Figure2-1

[Trader AL @Chip_Slays]

Crucially, the $2,880 level acted as support during Q2, preventing a full retracement to the Q1 Point of Control (POC) and VAL. This initial strength contributed to a renewed attempt to surpass the Q1 highs.

[Trader AL @Chip_Slays]

Examining the quarterly volume profiles of Q1 and Q2 provides further insights. Despite initially trading at the highs of Q1, Ethereum's failure to establish sustained buying pressure above the VAH resulted in a return to balance within the value area.

[Trader AL @Chip_Slays]

A comprehensive analysis of #ETH high timeframe chart reveals a bearish undertone. A key indicator is Ethereum's current position below the yearly Value Area LOW (VAL) at $2,880, a level that acted as robust support throughout 2024. An example of Yearly Profile is shown Figure 1

[Trader AL @Chip_Slays]

This imbalance typically drives price towards new or previously established historical price levels, as the market seeks to re-establish equilibrium. With that been said let's get into it...
#cryptotrading #ETH #TradingTips

[Trader AL @Chip_Slays]

This framework posits that a failure of an asset's price to rotate within its value area or balance area during an uptrend or downtrend indicates an impending imbalance.

[Trader AL @Chip_Slays]

Before delving into the current bearish outlook for #Ethereum, it is essential to briefly outline the Volume Profile theory as introduced by James Dalton. 🧵👇

[Trader AL @Chip_Slays]

@jrdnwelch ahh The Master Key System!! A great book, and i agree Jordan.

[Steve Will Do It @stevewilldoit]

Fuck it I’m giving a $10,000 watch to someone who likes and retweets and follows me . Will respond in 24 hours . Will ship u a Rolex next day on god.

[Trader AL @Chip_Slays]

One thing about God. He WILL make a way.

[Trader AL @Chip_Slays]

Thank You, God, for always sending your angles to protect me.

[Trader AL @Chip_Slays]

@TateNews_ Health

[Luke Belmar 👽 @lukebelmar]

You shall know the truth and the truth shall set you free.

[Trader AL @Chip_Slays]

@Penny_Lane_BBM The one and only @paoloflores85 without doubt the best mentor ✊