View of a sidelinor on $BTC
Positive Points:
-Lots of spot buying
-Bullish structure on LTF and HTF
Negative Points:
-120k boss level we never had a meaningful structure above. Rejections are aggressive, see chart.
-Government shutdown could be extended (negative even if markets are being irrational)
Do we reject? I don't know but my system says short.
Its hard to hold a bearish argument after such a move. If I had a long, I would TP some or at least have a hedge until 123k-124.5k+ where I would then double down and go for ATH breakout long.
How I positioned: got a $BTC short at 120k, two alts longed (SOL and HYPE). ETH closely watched.
Plan is look to flip giga bullish on ATH breakout or add to my short if we close below 117.8-118k.
Aiming for a sweep of range lows at 112.8-114.7 to long.
Would not write out 107.5k revisit and maybe an HTF dump to 98k, which is definitely less likely and I do not see a true catalyst for it. Not doom posting, but just reflecting the HTF view. All the below levels are meant for me to giga long depending on circumstances.
$BTC on the LTF looks good, look for 4H or and maybe even a 1H bullish close within the blue boxes to enter into a long on a retracement from here. Targeting 118-120kl.
$ETH rebounded well off the the weekly demand.
Would look to long a sweep and confirmation within the blue box under 4.2k . Stop could be tight based on the entry timeframe. Will be watching closely.
$SOL is the more interesting major, supported by $SOLETH consolidation while still holding a Daily bullish market structure and potentially forming a Weekly bullish structure. Looking to long SOL on a 1H/12H confirmation above 220. A pullback at 200 could warrant for a long entry while 190 definitely does, for now we play level to level, looking at 200 and 220 for entries.
$BTC on the LTF looks good, look for 4H or and maybe even a 1H bullish close within the blue boxes to enter into a long on a retracement from here. Targeting 118-120kl.
$BTC Update:
While the weekly chart still struggles to show a bullish structure, BTC had rebounded from the weekly order block pulling in bids as the market sentiment irrationally turns bullish due to a government shutdown increasing the rationale of further rate cuts and ETFs and DATs further buying of BTC.
Yet, I have missed the entry and am currently sidelined but still betting on a liquidity sweep at the purple levels. Before the next leg up.
The market is bullish and I am bullish, but I will not chase blindly.
$BTC Update:
While the weekly chart still struggles to show a bullish structure, BTC had rebounded from the weekly order block pulling in bids as the market sentiment irrationally turns bullish due to a government shutdown increasing the rationale of further rate cuts and ETFs and DATs further buying of BTC.
Yet, I have missed the entry and am currently sidelined but still betting on a liquidity sweep at the purple levels. Before the next leg up.
The market is bullish and I am bullish, but I will not chase blindly.
Looking for $BTC to put in some SFP on the 12H.
Bears have all the reasons to support their argument and on all timeframes but the Monthly.
Im still expecting at least another leg to 120k. But playing level to level is the right way forward. No need to rush. Patience.
@TheWhiteWhaleHL Taking responsibility of your influence. Respect to that. If only more opinion leaders think the way you do.
But your followers are also responsible for themselves.
Take a portion of those responsibilities, not all.
Looking for $BTC to put in some SFP on the 12H.
Bears have all the reasons to support their argument and on all timeframes but the Monthly.
Im still expecting at least another leg to 120k. But playing level to level is the right way forward. No need to rush. Patience.
Closed $AVAX at 34. Structure break + $BTC weakness relative to equities, is a red flag. Trade still valid on a higher time frame. I can re-enter below or above YO. Will continue to follow AVAX closely.
$AVAX trade doing well but the weakness in BTC is not supportive.
The 1H printed a bullish trend and we tagged YO twice and swept above, I had no reason to believe the run will continue before getting a close above the YO.
I would like to hold the LTF structure above the pink line.
The patience paid off, our average is still beautifully low. Not moving the SL for now, looking for a reason to add in the blue boxes.
$AVAX trade doing well but the weakness in BTC is not supportive.
The 1H printed a bullish trend and we tagged YO twice and swept above, I had no reason to believe the run will continue before getting a close above the YO.
I would like to hold the LTF structure above the pink line.
The patience paid off, our average is still beautifully low. Not moving the SL for now, looking for a reason to add in the blue boxes.
Weโre up nice on $AVAX ๐ต
Proof that you can make money even in the bad days.
All you need is a system and discipline.
I bid strength and it paid off.
Will wait for YO to be breached and would add to my position if BTC is supportive.
$AVAX
$BNB
Bidding strength increases your hit rate. $BNB has been performing phenomenally.
It continues to hold strong at a confluence of FVGs on different higher timeframes and a daily order block.
If we can hold here then we might be able to rescue the 12H bullish structure. Would love to put a tighter SL but only if $BTC shows more love.
Id bid this after more confirmation, I am to bid it higher above $1000 as well. Patience,
Weโre up nice on $AVAX ๐ต
Proof that you can make money even in the bad days.
All you need is a system and discipline.
I bid strength and it paid off.
Will wait for YO to be breached and would add to my position if BTC is supportive.
$AVAX
Weโre up nice on $AVAX ๐ต
Proof that you can make money even in the bad days.
All you need is a system and discipline.
I bid strength and it paid off.
Will wait for YO to be breached and would add to my position if BTC is supportive.
$AVAX
This is where were at. Got a fill and back at the first entry but in green. Why? We planned out where liquidity is, and where it makes sense to buy.
Most importantly we chose a coin that has been showing strength, consistently.
$AVAX has been moving like a train. I called it at 18.
Will share the analysis later on.
$BTC long is in. Didn't wait for major confirmation. Good confluence and historically significant level. Most importantly I accept the risk associated.
Order book looks like it's trying to pull prices upwards, not very confident if it does right now but I need the bulls to come in and I'm one of them. So why not bid?
Would enter $BTC longs here if I see confirmation of the reversal within the yellow box.
I donโt like the red scenario, but with the current FUD it still seems possible โ Iโd re-long on a re-entry into the yellow box.
Longing the monthly or quarterly open is risky, but thatโs why the reward would be great. Iโd long there and compound at the yellow OB under signs of strength.
$BNB
Bidding strength increases your hit rate. $BNB has been performing phenomenally.
It continues to hold strong at a confluence of FVGs on different higher timeframes and a daily order block.
If we can hold here then we might be able to rescue the 12H bullish structure. Would love to put a tighter SL but only if $BTC shows more love.
Id bid this after more confirmation, I am to bid it higher above $1000 as well. Patience,
My R/S levels for $BTC โ this is the range weโre trading on the HTF.
I see the ATHs as extensions/deviations; we never had meaningful closes above 119k.
119k is the final boss IMO โ anything above is a deviation. Just like when you beat the Elite Four the first time and learn that there is also a Champion to beat. ATH is the Champion.
Right now, weโre sitting at the previous ATH, which has proven to be strong support. We need to hold 112k.
Iโll treat dips as deviations down to 107k (Quarterly Open).
I donโt think itโs over โ on the weekly we could dip as far as 100k and still stay bullish.
But recovering from that would not be easy.
Would enter $BTC longs here if I see confirmation of the reversal within the yellow box.
I donโt like the red scenario, but with the current FUD it still seems possible โ Iโd re-long on a re-entry into the yellow box.
Longing the monthly or quarterly open is risky, but thatโs why the reward would be great. Iโd long there and compound at the yellow OB under signs of strength.