$BTC
Once in price discovery you no longer have former price levels for targets and managing risk.
I use 2 things to help me.
First is the fib tool, I'll find the clearest pre breakout price swing and use the tool to extend out levels. I focus on standard deviations, 0.5, 1, 2 etc. I also will mix in the fib specific levels like the .618.
Second is market structure, focus on a high time frame and assume that the uptrend remains valid until that high time frame structure level is lost.
$ETH, As you can clearly see, the trend remains down — so there’s no need to force an entry here.
• Either wait for a clean break + flip of the downtrend
• Or place stink bids at the 1W OB (blue box)
After such an impulsive leg in a bull run, 4–6 weeks of chop, sideways action, or correction is perfectly normal.
#ETH #ETHUSDT
After Ethereum puts in new all time highs, we will likely witness a massive rotation back into Bitcoin.
However, the rotation back to BTC will likely be initiated by a BTC correction in September and will continue on a BTC rally in October.
“Before you enter a trade, look at it on at least two different time frames. Observe the highest one and then work your way back down and execute. This will drastically reduce your error rate.”
0/ You’ve probably heard people yapping about Cypherpunk, but what exactly is it and what is Ethereum’s specific brand of Cypherpunk? A guest thread by @post_polar_