Part of the Wolves of Broad Street Collective, using my feed as a trading diary to shout into the void of #Crypto Twitter... Like a BTC sports commentator
Note To Self:
- Load up on #Bitcoin when the monthly chart flags an RSI pivot or π div signal
- Start selling #BTC when the 1st monthly RSI π» div signal hits
- Exit the #Crypto market when the 2nd monthly RSI π» div signal hits for #btc
π§ π‘
TA is KING π
Note To Self:
- Load up on #Bitcoin when the monthly chart flags an RSI pivot or π div signal
- Start selling #BTC when the 1st monthly RSI π» div signal hits
- Exit the #Crypto market when the 2nd monthly RSI π» div signal hits for #btc
π§ π‘
TA is KING π
@lookonchain Yet another example of why learning TA is vital to crypto trading. Dude sold a falling wedge that was testing resistance ready to break out. The pump thereafter was a white swan event but selling the chart at that point was negligence
This time is officially different
RIP the HFD #Bitcoin top thesis ππΎ you were profitable to trade while you lasted
Alas it's uncharted (pun intended) territory for #BTC now. Beyond previous ATHs acting as potential support for any pull back, all leveraged bets are off for me
Long live the HFD #Bitcoin top thesis π«‘
I π’ what I πand I'm trading what I π§ No π§’
HFD #BTC top thesis remains valid & tradable below $114K. Any sniff of that zone I short resistance, with bounces treated as violent but short lived long scalp opps
TA is KING π
5-waves π» confirms a mid-term trend
I'd π #Bitcoin to do a 3-wave correction retest of lost $108.7K support
If $BTC can LTF double bottom this could be a good long scalp, with $108.7K support being flipped into resistance, a gr8 short setup
Invalid below $105K
TA is KING π
Long live the HFD #Bitcoin top thesis π«‘
I π’ what I πand I'm trading what I π§ No π§’
HFD #BTC top thesis remains valid & tradable below $114K. Any sniff of that zone I short resistance, with bounces treated as violent but short lived long scalp opps
TA is KING π
@BigCheds My $BTC cycle top thesis reflects that History Doesn't Repeat Itself, but It Often Rhymes. The previous #BTC cycle topped at the trend-based fib extension golden pocket & #BTC just rejected for that same zone of this cycle. Lose the 1W 34 EMA support & I short with a gameplan
@CJRCrypto1979@Coins_Kid You're correct. Tom is a gem but five waves is an impulsive, not corrective, move in traditional EW. I anticipate a three wave correction to $107.3K before a third leg sub $100K
A #BTC daily close above $113600 would invalidate my $BTC cycle top thesis. Price being so close to this threshold presents excellent R/R so me so I'm out of leverage longs & shorting #Bitcoin, once with high leverage & a $114K SL & another with size & a $115K SL
TA is KING π
A #BTC daily close above $113600 would invalidate my $BTC cycle top thesis. Price being so close to this threshold presents excellent R/R so me so I'm out of leverage longs & shorting #Bitcoin, once with high leverage & a $114K SL & another with size & a $115K SL
TA is KING π
@BigCheds My $BTC cycle top thesis reflects that History Doesn't Repeat Itself, but It Often Rhymes. The previous #BTC cycle topped at the trend-based fib extension golden pocket & #BTC just rejected for that same zone of this cycle. Lose the 1W 34 EMA support & I short with a gameplan
My π case for #Bitcoin is consolidation representing a π flag, with confirmed downtrend channel breakout triggering a long to circa $94.7K
This would represent a retest of lost Feb 25 support & the Mar 25 highs
1/3
#Crypto Trading Notes
#Altcoins rallied so shorts were TP'd, but with #Bitcoin @ resistance, testing the 1D 200 SMA, w/ 4H π» divs, I've gone contrarian & added to $BTC shorts π«‘π³
USDT.D holding the π pocket = confluence but a #BTC π break is confirmed so π¬π«£
TA is KING π
If #Altcoins do rally then:
$FET = macro rising wedge & could pump to the upside off support
$RENDER showed relative strength bouncing off the POC & could rally to the VAH @ $8
No longs until $BTC break the downtrend and/or USDT.D loses the golden pocket
TA is KING π
3/3
If #Altcoins do rally then:
$FET = macro rising wedge & could pump to the upside off support
$RENDER showed relative strength bouncing off the POC & could rally to the VAH @ $8
No longs until $BTC break the downtrend and/or USDT.D loses the golden pocket
TA is KING π
3/3
My π case for #Bitcoin is consolidation representing a π flag, with confirmed downtrend channel breakout triggering a long to circa $94.7K
This would represent a retest of lost Feb 25 support & the Mar 25 highs
1/3
In summary, if the USDT.D fractal continues to play out then it's a textbook 'Sell In May & Go Away' setup for #Crypto.
If #Bitcoin breaks the downtrend channel, with a daily close above, then I'll look for long setups. Rn that requires a $86.7K+ daily close
TA is KING π
4/4
USDT.D has stopped following the fractal, with the use of a fib channel to draw the uptrend removing my bias & evidencing early signs that #Crypto might be risk-on imminently
2/3
$RENDER = relative strength vs the #CryptoMarket
This clean downtrend channel break is what $BTC needs b4 I flip long
The #RENDER double top fakeout would have seen me trapped in a short but for my patience approach of seeking S/R retest confirmations b4 entry
TA is KING π
Fractal predictions aside, #Bitcoin is working on a LTF head & shoulders pattern, with a $79740π―
If confirmed, this π» reversal pattern has a 63% π― hit rate so π for a potential nice #Easter2025#Crypto trade setup.
(π - https://t.co/EDb8gZAKgN)
3/4
@CastilloTrading There hasn't been breakout yet to trigger long setups. Markets are boring with $BTC consolidating below $85-86K resistance, without breaking the downtrend channel. You're front running the move