$btc
Now 120 hours of age (5 days)βοΈ
What started as a humble callout, has now been turned into reality.
The hourly range no one wanted to see.
It's a period of overleveraging and bad execution.
Expecting a range before it happens is the best way to make sure you don't.
zcash:native After an impulsive move down we are getting the classical golden ratio retracement aligning with a previous resistance/support zone (image #2).
$PENGU Entered today, really like this setup, many confluences and clear invalidation (Golden pocket retracement and also weekly level).
Full target would be April monthly close which also lines up with golden pocket retracement. Intermediate target to lower a little risk and take some profit would be at .0083.
I also have a swing short, currently hedged with SOL long, very confident price will at least test one or both areas marked in yellow circles on the below 3M BTC chart.
It is no coincidence BTC found resistance at precious 3M candle close marked in red.
BTC will have to test Quarterly open if current candle closes green in June or at minimum test the other 3M candle close that provided resistance back in 2025(circled in yellow, left), as support. My two cents, appreciate all your posts π€
Ben Cowen said in July 2023 that altcoins would probably go to new lows after 2 years of downtrend, but they exploded shortly after.
Altcoins are in the same spot now.
What will happen next?
$PDYN looks beautiful, perfect bounce of weekly support and retest of broken diagonal. More importantly above AVWAP from absolute highs and lows. Above 200 SMA/EMA and riding the 20 EMA. Looking for a tag of 12 which was 2024 closing price.
$PDYN This has required more patience, the high volume mode at 9.21 has created turbulence along with the AVWAP from the highs. Still above 200 SMA/EMA, above June open and riding the 20 EMA. Still confident 12 is coming over coming weeks.
$LMND Looking good and will hold so long as $30 holds. Last 3 day candle close was engulfing, on daily timeframe we are above 20 EMA and 200 SMA/EMA. Also above 200 weekly. Looking for 47 and equal highs at 50 over coming weeks.
$LMND another stab at the yearly open, despite volatility last few days, positive trend is intact (look and LTF 200 SMA/EMA in pink and red). Holding to 41 at least.
$RDW about to get a beautiful weekly close above the yearly open level. Also now above AVWAP from the highs earlier this year. Next resistance level 23.89-24. Still looking very good.
$RDW very close to 1st major target, the yearly open. Momentum has stepped up, above anchored Vwap from the top. 3 day candle has just closed with strength.