$XRP Long setup update
Explained the setup 1 week ago and now I got my entry. I'll get it risk free and I'll look to add to my winning position if I get proper structure on the other side of the Trendline.
Let's see what we get this week
$ETH grabbed liquidity and bounced.
My bias on Ethereum can't be as bearish as BTC, simply because the sweep is way deeper and we've seen a reversal.
The most important liquidity is mitigated, and price is holding up quite strong.
For potential trades today, I'm probably looking for a little short since it's too early for longs here.
While my short target for BTC is a new weekly low, for ETH it is a bit higher at the ~$2,830 imbalance.
A nice scenario would be sweeping the weekly/daily high and mitigating the weekend liquidity above.
When the above happens, I'm shorting the market structure break. If it doesn't happen, I'll focus more on BTC today and let ETH consolidate.
Let's see what todays NY-session brings.
$BTCUSDT - Daily Breakdown.📊
Using MMXM approach to spot potential SELLS:
IDM → IFVG → P/D → RESPECT → TARGET
→ IDM: Liquidity taken + trend reversal
→ IFVG: Best area to position
→ P/D: Possible touch into Premium
→ RESPECT: Confirmation is essential
→ TARGET: Profit zones established
No complexity. Just disciplined execution.
Dive into this setup.👇
SUPER critical moment on #Bitcoin !!
As shown on my last chart, #BTC is almost to target at ~$84.9k. Looks like its finishing subwave 3 which is right at the .854 support. #BTC really is going to keep everyone on their toes until the very last second!
I'm expecting a possible short term retrace UP before the last final wave. It could go as high as ~$87.5k and reach that .382 resistance before the low at $84.9k.
After this, I'm expecting a bullish wave back up to at least $94.1k and possibly coming all the way up to test the $103k resistance next. I'll keep you updated as it develops! #CryptoMarket #crypto