ZeroOnChain

Crypto Trader / 20 / Posting chart analyses, set-ups, trade-plans and more / getting better day by day / nothing is financial advise

[ZeroOnChain @Crypto_zerro]

$BTC drop probably not over yet.

Here's my game-plan.
Similarities to Jan/Feb are obvious, trendline broke and new lows followed quickly.

While I still expect a small retest towards $71k, this will likely be only Liquidity driven and continue lower (no real buyers).

Therefore I'm trying to catch a countertrend Long (prev. post), and then shorting $71k on PA conformation with the final target being $58k.

Bottom line: New low in June, summer consolidation and probably final low sometime in autumn.

Don't listen to the permabulls calling new ATHs since December just for clout...

[ZeroOnChain @Crypto_zerro]

$BTC countertrend Long,

Price is showing at least some consolidation/brake of yesterdays vertical drop.

What we want to see on LTF is a clear structure shift into a higher low and higher high (break of the trendline),
in addition a retest that holds and shows some buying strenght.

This is my Long setup to target around $71k. I see C
chances of structure playing out like this of around 35-40%.

Keep in mind that this is a countertrend trade, not a reversal. HTF trend remains clearly bearish.

Main focus lies on a continuation short at $72-73k. This has currently the highest probability, so hopefully we retrace into that.

[ZeroOnChain @Crypto_zerro]

@CyrilBogico I understand your view, personally I think there's a little lower to go. Let's see

[ZeroOnChain @Crypto_zerro]

Gm fam!

$BTC SL hit on my Sunday short attempt,
it looked good for a while but then price spiked aggressively.

It was a good loss, traded my plan and signal and kept losses small.

Hyped for todays PA!!

[ZeroOnChain @Crypto_zerro]

$BTC short triggered

TP $60,700
SL $62,500

DYOR

[ZeroOnChain @Crypto_zerro]

@CyrilBogico That’s reasonable, what’s your target for this short hunt. Cause I think we’ll go to 65k, maybe 67k Max before going lower…

[ZeroOnChain @Crypto_zerro]

$BTC short triggered

TP $60,700
SL $62,500

DYOR

[ZeroOnChain @Crypto_zerro]

$BTC short

Sunday pumps like this one usually tend to dump into the new week,
and price has now reached resistance + slowed down.

Now waiting for a LTF structure shift to short this pump back to where it began ($60,700).

[ZeroOnChain @Crypto_zerro]

$BTC short

Sunday pumps like this one usually tend to dump into the new week,
and price has now reached resistance + slowed down.

Now waiting for a LTF structure shift to short this pump back to where it began ($60,700).

[ZeroOnChain @Crypto_zerro]

$BTC short

Sunday pumps like this one usually tend to dump into the new week,
and price has now reached resistance + slowed down.

Now waiting for a LTF structure shift to short this pump back to where it began ($60,700).

[ZeroOnChain @Crypto_zerro]

Saturday PA is boring,
here's my spot plan:

1st DCA area is between $58 - 52k. Pretty cheap prices for $BTC.

If market goes lower (decent chance to happen), my 2nd DCA area (more aggressive buys) will be between $48 - 42k.

Of course I'm gonna spot buy some alts as well, but the majority of my bag will be Bitcoin to reduce risk.

If you got a different plan, feel free to share it with me in the comments.

[ZeroOnChain @Crypto_zerro]

@Chief_Mr_Du Yea if we get that opportunity I won’t miss out

[ZeroOnChain @Crypto_zerro]

Saturday PA is boring,
here's my spot plan:

1st DCA area is between $58 - 52k. Pretty cheap prices for $BTC.

If market goes lower (decent chance to happen), my 2nd DCA area (more aggressive buys) will be between $48 - 42k.

Of course I'm gonna spot buy some alts as well, but the majority of my bag will be Bitcoin to reduce risk.

If you got a different plan, feel free to share it with me in the comments.

[ZeroOnChain @Crypto_zerro]

@AbdullahAkramET Yessir 💸💸

[ZeroOnChain @Crypto_zerro]

$BTC didn't deliver any retest again...

+ it looks like price is getting rejected from previous support and could plunge into the weekend.

Nevertheless no entry = no trade, staying patient and wishing y'all a great weekend!

[ZeroOnChain @Crypto_zerro]

@MriLefatale Yea being sidelined is often times the smartest

[ZeroOnChain @Crypto_zerro]

$BTC didn't deliver any retest again...

+ it looks like price is getting rejected from previous support and could plunge into the weekend.

Nevertheless no entry = no trade, staying patient and wishing y'all a great weekend!

[ZeroOnChain @Crypto_zerro]

Gm fam!
Update on my $BTC short
As we can see price is choppy and didn't deliver a pushback yet.

Due to this conitnued weakness in buying pressure I decided to aim for a retest at $65,600 (HTF EQLs).

Let's see if we even get this one.

[ZeroOnChain @Crypto_zerro]

Gm fam!
Update on my $BTC short
As we can see price is choppy and didn't deliver a pushback yet.

Due to this conitnued weakness in buying pressure I decided to aim for a retest at $65,600 (HTF EQLs).

Let's see if we even get this one.

[Nic @nicrypto]

You can completely write off rate cuts.

NFP print came in well above expectations (172k vs. 85k).

The chances of a rate cut by year end fell from 2% to 0.6%.

This chart shows you the shifting probabilities over the month.

There's now a 58% chance of a rate hike.

[ZeroOnChain @Crypto_zerro]

@CyrilBogico Yea retest is absolutely not guaranteed but let’s see

[ZeroOnChain @Crypto_zerro]

Gm fam!
Update on my $BTC short
As we can see price is choppy and didn't deliver a pushback yet.

Due to this conitnued weakness in buying pressure I decided to aim for a retest at $65,600 (HTF EQLs).

Let's see if we even get this one.

[ZeroOnChain @Crypto_zerro]

$BTC decent short opportunity

Waiting for a retest into grey supply zone,
Signs of deceleration/rejection and I'm short.

Targeting the Feb low for now

[ZeroOnChain @Crypto_zerro]

@meta_myu Gm Myu

[ZeroOnChain @Crypto_zerro]

$BTC not far away from sweeping the February low at $60k. If it gets sweeped without a bounce, theres a decent chance we'll consolidate below it and then drop lower.

LTF sadly didn't give me a good short entry yet, vertical markets are actually the hardest to trade.

New idea: Insta short on NY open 🤣

[ZeroOnChain @Crypto_zerro]

$BTC decent short opportunity

Waiting for a retest into grey supply zone,
Signs of deceleration/rejection and I'm short.

Targeting the Feb low for now