Crypto Market Update:
The crypto cycle top is likely near. In this video I explain how I'm trading this environment, managing my current positions, and the potential scenarios I am watching for.
$BTC - 3 scenarios(in order of probability):
-Macro PO3
-New high time frame range
-Trend continuation
$BTC.D - Currently at a decisional point. Yes altcoins can still run, we need more data to confirm.
$USDT.D - Just confirmed a macro extra high probability accumulation
My swing longs are derisked and I'm not taking any new spot positions, just watching how they develop/taking profits.
A HTF distribution on $BTC brings the possibility for swing shorts with refined entries that can be taken to bear market lows. These can be extremely high RR plays and this will be my main focus if confirmations are present.
The majority of people are not expecting a market top right now which makes it the perfect place to do so. Hopefully this video clears things up.
Let me know any questions or specific charts you'd like to see me cover in my next video. I will be watching how things progress very closely and keep you updated along the way.
#TCT Trading
#1INCH Long Opportunity:
Locally price has been accumulating for 32 days. Another sweep of the low tapping into HTF demand with an aggressive BOS would be the ideal entry.
HTF context is aligning to put in a higher low for a higher high. $ETH being in a MTF accumulation is another good confluence for this trade.
#TCT
$TRUMP Long Opportunity:
For the last 61 days $TRUMP has been compressing, and now has finally deviated the range low getting aggressive acceptance back up.
With level 1 and level 2 market structure aligning to the upside, a high quality demand POI creation for the M2, a clear range inefficiency, and the potential flush down starting on $BTC.D. Trump has great context for the long.
See below for my in depth analysis. Let me kniow if there's any projects you'd like me to go over in the future!
#TCT Trading
$BTC Accumulation Trade from Today:
Prior to the news release $BTC created a model 1 accumulation schematic allowing for a +6RR entry
Below I explain my TA and thought process taking this trade. If you have any questions let me know down below!
#TCT