One more pump for the Panda? ๐ผ
I think BTC has enough in the tank for another push into London, topping out the 27m stochastic along the way.
Targets above remain live 79.5 - 80.1k.
After that, decision time.
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BTC knocking on the 9hr 200EMA for the fifth time.
Rejected. Again?
Either this resistance is getting weaker with every test...
Or BTC is building one hell of a bull trap๐ผ
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London target tagged almost perfectly. ๐ผ
Nice pullback developing, however momentum is stalling.
Now the question โ was this a healthy reset before another push, or was that the high for the session?
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Good morning Panda Nation. ๐ผ
New week. Panda on duty.
BTC hasn't shown its hand yet, but 63.6k is shaping up as the first interesting rejection zone.
No need to force a Monday bias, we let price come to us.
Targets marked. Let's get this.
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The 9hr is where I'm looking for the trade.
The 9H stochastic is pushing hard towards overbought while BTC remains below resistance.
~$64k is the first test but the 200 EMA around $65k looks like the more interesting area.
If the 9H reaches overbought as BTC pushes into $64โ65k and price rejects, that's potentially my signal to close remaining longs and start positioning short.
I'm looking for:
3D โ + weak 1D + 9H OB + resistance rejection.
If that alignment arrives, the short could become more than an intraday trade - potentially one to ride into the larger 3D cycle.
Let's see what price gives us. ๐ผ
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BTC Weekly Plan ๐ผ
I think BTC is setting up for a significant move over the next couple of weeks.
The 3D, 1D and 9H are starting to tell the same story โ but they're at very different stages of the cycle.
The 9H looks bullish.
The 1D is approaching oversold.
Yet the 3D has me looking for a potentially significant move lower.
Hereโs the setup Iโm watching and where I think the opportunity comes ๐๐งต
The daily stochastic is already approaching oversold.
I expect it to complete that move, attempt a recovery, but potentially struggle to generate a strong bullish cycle while the 3D continues heading lower.
That weak recovery would be important.
If the 1D resets without price reclaiming key resistance, I'll be looking for the next leg down.
3 day is driving my thesis.
Weโve already seen a double-top on the 3D stochastic and the fast stochastic has turned down.
My base case is for this cycle to continue towards oversold - potentially into early September.
If it does, the lower timeframes are going to have a hard time fighting it.
Panda on Duty ๐ผ
New UTC day and BTC has another decision to make.
Doji on the daily.
RSI testing trend resistance.
RSI + 27m stochastic hovering around neutral.
Not picking a side yet.
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Panda off duty. ๐ผ
Good day on the charts.
We watched the RSI trend break develop into NYSE - this still has room to run down in the short term.
Pump towards 65k - 66.5k is still on for late Friday session.
Trading account is back on track for this week.
Thesis right. Execution right. Onto tomorrow.
Public copy-trading performance is here for those who wants to follow the receipts.
https://t.co/CrT78qV98V
๐ See you at 00:00 UTC.
That 27m RSI trend break was on our Pre-London watchlist โ and there it is.
Momentum has cracked following the rejection above.
Short-term bias is now bearish heading into NYSE unless RSI can reclaim quickly.
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London delivered the rejection almost perfectly.
27m 200EMA + 1hr KC stopped BTC in its tracks - now I'm watching the pullback.
If the Bears can't build on this, I'll be looking for another push into the 64.2k target zone ahead of NYSE. ๐ผ
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Pre-London and BTC is starting to make a move.
27m stochastic has turned back up, while RSI continues to respect the rising trend.
Targets are marked.
Breaking the RSI trend could be the tell โ until then, Patient Pandas. ๐ผ
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CPI print definitely brought the action.
BTC ripped straight through my targets on the CPI release, topping out around $64.5k before the classic sell the news reversal.
CPI was friendly enough โ inflation cooled and there was no upside surprise โ but apparently most of the good news was already priced in.
Targets hit. ๐ฏ
Round trip complete. ๐ผ
#BTC #Crypto #Trading
Very tame London session.
Feels like BTC is saving the action for New York.
Still looking for a push higher into the NYSE open.
Targets remain intact. ๐ฏ๐ผ
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