cryptonaut

Journaling my thoughts and trades.
Trading crypto currencies since 2017.

[cryptonaut @trader_mode]

2) $BTC looking strongest since the downtrend started in November. Break 45-46k resistance and we have a pure bullish market structure.

[cryptonaut @trader_mode]

$BTC:
1) 40K level did not hold as I thought. We dipped much lower than 39k.
But the main thing: price recovered 2021 summer range highs (confluence now with 4H 200MA).
And even reclaimed 42k level
And it happened relatively fast, *in the face of war*.

[cryptonaut @trader_mode]

$BTC is at crucial spot.

As I discussed before 40k level is important - range highs of 2021 summer range, which also was support in September after we broke out from that range.

But we can dip bellow it and find some floor at 39k (previous resistance) and bounce from there.

[cryptonaut @trader_mode]

3) It's my job to chart the carts, but there are definitely more important things going on in Europe. My thoughts are with Ukrainians.

[cryptonaut @trader_mode]

1) I think at this point it got very hard to chart $BTC. There is too much uncertainty in the markets because of what's happening in Ukraine.
On the other hand, BTC recovered fast, and holds 38k level FOR NOW.

[cryptonaut @trader_mode]

2) Lose 38k and we go revisit lows again. It's pure fuckery actually. But if BTC manages to break that 39k resistance in the face of war, it is a strong statement in my opinion.

[cryptonaut @trader_mode]

$BTC looking very bad.

Lost that 39k level, which only lasted for a small bounce. Tested 40k (did not even reach that high) from below and then rolled over.

We are back in the 2021 summer range. If the 40k does not get reclaimed soon, we are back for the range lows at 30-28k.

[cryptonaut @trader_mode]

$BTC is at crucial spot.

As I discussed before 40k level is important - range highs of 2021 summer range, which also was support in September after we broke out from that range.

But we can dip bellow it and find some floor at 39k (previous resistance) and bounce from there.

[cryptonaut @trader_mode]

Lose 39k and we fall for 2021 range lows at 28-30k in my humble opinion.

[cryptonaut @trader_mode]

$BTC is at crucial spot.

As I discussed before 40k level is important - range highs of 2021 summer range, which also was support in September after we broke out from that range.

But we can dip bellow it and find some floor at 39k (previous resistance) and bounce from there.

[cryptonaut @trader_mode]

Stopped-out from this, either reclaim 29$ again, or I'm waiting for $ATOM sweep those lows at around 25$.
I think it happens if BTC goes to 39k and finds bottom there.

[cryptonaut @trader_mode]

This is how I'm playing messy $ATOM chart.
Looking good imo. Found support on 25$-26$ area, consolidating for a push higher now.
If 29$ flips to support I'm buying. and selling the first trouble area at 32$ (confluence with 200MA on 4H).

[cryptonaut @trader_mode]

$ATOM smashed 29$ resistance.
Now waiting to pullback to green box, that would be nice long. Stop loss below green box, at around 28.25$.

[cryptonaut @trader_mode]

5/ Oh, and do not forget macro and geopolitical fuckery, markets are sensitive now, so need to be careful and picky with entries and strict with stop-losses.
That is my plan for short term.

[cryptonaut @trader_mode]

Thread on how I view $BTC:

1/We are in between two important levels now:

1) support at 40-41k (see in the 3D chart how much times it acted as support/resistance in the past)
2) resistance 45-46k (also important level in the past and rejected recently)

[cryptonaut @trader_mode]

4/ Idea invalidated if we lose 40k level on daily basis. We better do not lose 40k, it is crucial level to maintain half-bullish market structure. Also if we lose 40k but get back above again fast, it is a long again.

[cryptonaut @trader_mode]

$BTC Idea invalidated.
It does not cancel the target written in above, but on LTF we lost support at 42.8-43k.
Next support is 40-41k, where I had initial idea to long, expecting cool off from 45-46k resistance.

[cryptonaut @trader_mode]

$BTC finally broke that resistance with notable volume. 3 times price rejected it, and I thought that we'll revisit lows, but 36-36.5k (green area) held it again and we had another shot, which was final.

40-41k is on the cards imo. that will be a hard nut to crack also.

[cryptonaut @trader_mode]

$BTC retraced back to LTF support on 42.8-43k.
Now riding this to yearly open and potentially to 50k multi time frame level, also round number.
I think eventually it will end up there, because 45-46k resistance is already tested a few times, this time I expect it to be broken.