OldBlokeCrypto

Old curmudgeon & derivatives trader from Australia. ASX trader since '97. Crypto trader since '17. Trading $ETH, $SOL & select alts. Not financial advice.

[il Donaldo Trumpo @PapiTrumpo]

EVERY SINGLE DAY IS BEAUTIFUL NOW!!!🌞🇺🇸🥳🥳🥳

[OldBlokeCrypto @OldBlokeCrypto]

@TraderMotif I prefer Pepsi myself, mate. 🤷‍♂️

[OldBlokeCrypto @OldBlokeCrypto]

@elonmusk Her spiritual daddy would be so proud. 🤮

[OldBlokeCrypto @OldBlokeCrypto]

@CramerTracker You're using the wrong tense. The correct one is "lost". Thanks. 👍

[OldBlokeCrypto @OldBlokeCrypto]

@CramerTracker He probably forgot..he's good at that, it seems. 🤷‍♂️

[OldBlokeCrypto @OldBlokeCrypto]

@TraderMotif You & me both mate. Waiting for that drop off in volatility, like you. It's a good sign when that happens. 👌

[OldBlokeCrypto @OldBlokeCrypto]

@CrypNuevo H1 timeframe = noise. D1 timeframe is far more predictive, as is the W1. The D1 is still showing that same wick you refer to, BTW.

[OldBlokeCrypto @OldBlokeCrypto]

@CryptoMichNL Thanks for a really well reasoned analysis. 👍

[OldBlokeCrypto @OldBlokeCrypto]

@puming3 From retail, yes, not institutions. They will be looking to scoop up cheap blue-chips like ETH, SOL & BTC.

[OldBlokeCrypto @OldBlokeCrypto]

$ETH. D1 chart. Simple. We've breached the 200EMA, Now between it and the HTF range low @ $2,791.
As I posted earlier, most of the downside liquidity has now been taken, with massive upside liquidity starting around $3,350. Only panic selling will push price down to the range low.
So either we head higher next or tag the range low & then head higher, but building a long position is the obvious next move by the MM. No need to over-complicate the obvious.

[OldBlokeCrypto @OldBlokeCrypto]

$ETH. D1 chart. As I posted yesterday and earlier this week, the next logical support for #ETH is the HTF range low @ $2,791. I have another buy order set at $2,800, should price get there.
Interestingly, the 50EMA on the weekly (a stronger support than compared to the 200EMA on the daily IMO) is currently sitting at $2,845, so it will be interesting to see how price reacts to that level too.

[OldBlokeCrypto @OldBlokeCrypto]

@GarethSoloway Opportunity knocks. 🙂

[OldBlokeCrypto @OldBlokeCrypto]

@CramerTracker @jimcramer A broken clock is right twice a day. Ain't that right, Jimbo?😏

[OldBlokeCrypto @OldBlokeCrypto]

@cameron @GaryGensler Because his masters in the politburo have told him he's done enough damage and should keep his head down for now. He can crawl back out from under his rock if/when they win the election.

[OldBlokeCrypto @OldBlokeCrypto]

@CrypNuevo Imagine if Uncle Jerry got spooked into an emergency rate cut. Wouldn't that change the market trajectory in a hurry?!

[OldBlokeCrypto @OldBlokeCrypto]

$ETH. 1 week liquidations heatmap. The only remaining large pool of liquidity I could find to the downside is sitting at $2,950. From a MM perspective, there's not much point in pushing lower than that.
Of course, the HTF range low @ $2,791 could be reached as a result of panic selling, but IMO the MM is not aiming for that level. He's more likely to start building a long position now.
Personally, I picked up another addition to my #ETH HTF long @ $3,000 last night. If we hit the range low, you'd better believe I will be adding further too.
Remember, buy on red days, sell on green days.

[OldBlokeCrypto @OldBlokeCrypto]

@devchart Is that all? Talk about clickbait - I thought it was something serious like Jim Cramer going all in long. 😆

[OldBlokeCrypto @OldBlokeCrypto]

$ETH. Weekly liquidations heatmap. I posted yesterday about the downside wicking & liquidity that was an attractive target for the MM...and he sure went for it.
However, he has left a big pool of more liquidity right below today's low..and another downside wick.
I won't be surprised if he's back soon for some more juicy liquidity.
Personally, I added to my HTF long overnight when price hit $3,100.

[OldBlokeCrypto @OldBlokeCrypto]

$ETH. D1 chart. Interesting confluence between 50% of the downside wick from a week ago and the 200EMA.
Strong support level as the result of such confluence, but also attractive to the MM to take the liquidity in between the current PA and that level. Like I said, interesting....🤔