The Post Box 📬
Many alts look like $SOL here... Multiple taps of support and recent bounces getting weaker and weaker. A breakdown of this key level for many alts would leave us in a position where we likely fill wicks from the October crash. Not flipping bearish here…
$SOL
Lower highs and lower lows continue (for all alts)...
Time to fill the wick. If you're lucky you might get a retest of $175 to exit on the next lower high.
Alternatively you hold, touch grass and be patient.
Lower highs and lower lows continue (for all alts)...
Time to fill the wick. If you're lucky you might get a retest of $175 to exit on the next lower high.
Alternatively you hold, touch grass and be patient.
👍6
$BTC 1W
A lot to talk about with that weekly close...
Below $107k was not optimal but $98k held which was important as structure still holds with an equal low.
We seen a big sweep of the October lows but no sweep of the $98k lows. It's not overly surprising seen as it felt like everybody wanted to bid $96k-$98k.
However, above $110k is when bulls can really get excited again imo.
A lot to talk about with that weekly close...
Below $107k was not optimal but $98k held which was important as structure still holds with an equal low.
We seen a big sweep of the October lows but no sweep of the $98k lows. It's not overly surprising seen as it felt like everybody wanted to bid $96k-$98k.
However, above $110k is when bulls can really get excited again imo.
👍4
$ETH
As much as price being up 20% from the lows feels good, there is still cause for concern here.
Structure is still in a multi-month downtrend. Lower highs and lower lows since the August top.
Numerous key levels in and around $4,000 make it a tricky area to reclaim ($3.7k-$4.2k).
Let's put in a higher low and higher high if we're truly ready to run this back.
As much as price being up 20% from the lows feels good, there is still cause for concern here.
Structure is still in a multi-month downtrend. Lower highs and lower lows since the August top.
Numerous key levels in and around $4,000 make it a tricky area to reclaim ($3.7k-$4.2k).
Let's put in a higher low and higher high if we're truly ready to run this back.
👍3
$ZEC
The hardest thing for many people during these fast runs is knowing when to take profit.
I hate calling tops because ultimately it doesn't matter but I don't think this is a bad area to at least take some profits if in from lower prices.
The leg up over the weekend doesn't have the greatest volume but that's kind of to be expected. Tough one but important to realise some gains if you've made a chunk.
The hardest thing for many people during these fast runs is knowing when to take profit.
I hate calling tops because ultimately it doesn't matter but I don't think this is a bad area to at least take some profits if in from lower prices.
The leg up over the weekend doesn't have the greatest volume but that's kind of to be expected. Tough one but important to realise some gains if you've made a chunk.
👍5
I feel like my posts will come across bearish but I prefer to label them as cautious.
I'm a long term bull, still holding all spot positions but...
I expect more turbulence in the short term until we start to see higher lows and higher highs form on substantial timeframes such as the 1D.
Good relief bounces for many coins over the last few days but that's all they are until structures starts to flip.
I'm a long term bull, still holding all spot positions but...
I expect more turbulence in the short term until we start to see higher lows and higher highs form on substantial timeframes such as the 1D.
Good relief bounces for many coins over the last few days but that's all they are until structures starts to flip.
👍6
The Post Box 📬
$ZEC The hardest thing for many people during these fast runs is knowing when to take profit. I hate calling tops because ultimately it doesn't matter but I don't think this is a bad area to at least take some profits if in from lower prices. The leg up…
$ZEC
Took a long here at this key area.
Deviated below Saturdays lows.
Looking for a relief bounce, would like to be out by tonight.
Took a long here at this key area.
Deviated below Saturdays lows.
Looking for a relief bounce, would like to be out by tonight.
👏3👎1
The Post Box 📬
$ZEC Played out as discussed in yesterdays video... Small relief bounce for an intraday long before losing the key level. Not seeing much strength here. Took a short on the bearish retest looking at $375 as a target. Clear invalidation if price successfully…
Cut the trade.
Looks like people are rotating into the safe haven cryptocurrency asset.
Looks like people are rotating into the safe haven cryptocurrency asset.
I just bought a new altcoin... $AVICI.
Yes, even in these conditions.
It might be an outlier. Why? Find out 👇
youtu.be/rvDzI3nWvqM
Yes, even in these conditions.
It might be an outlier. Why? Find out 👇
youtu.be/rvDzI3nWvqM
YouTube
You've Never Heard of This Altcoin... But I Just Bought it! (Here's Why)
It's not every day that I buy into new altcoins especially in these market conditions but sometimes when the opportunity presents itself, you have to take advantage of it! In today's video I talk about the project Avici, what it is, why I'm bullish and how…
😢1
$BTC 1W
I don't love that $98k didn't hold and it likely means we now see an extended period of time before bulls retake control.
The last few HTF pull backs have been 32-33%. We're currently sat at -26% with 32% taking us to ~$86,000.
However I'm not concerned about a multi-year bear market here. I don't think this price action reflects that but patience will definitely be tested. Especially since everybody wants to cash out before EOY.
I don't love that $98k didn't hold and it likely means we now see an extended period of time before bulls retake control.
The last few HTF pull backs have been 32-33%. We're currently sat at -26% with 32% taking us to ~$86,000.
However I'm not concerned about a multi-year bear market here. I don't think this price action reflects that but patience will definitely be tested. Especially since everybody wants to cash out before EOY.
👍6
$AVICI
Chart looks great given the market conditions.
I believe that the dip to $40M was a big opportunity for people looking to get on board.
Even though this paints a bullish picture for the short term I'm not too concerned about that. I still believe this project performs well mid-long term and dips are for buying.
Chart looks great given the market conditions.
I believe that the dip to $40M was a big opportunity for people looking to get on board.
Even though this paints a bullish picture for the short term I'm not too concerned about that. I still believe this project performs well mid-long term and dips are for buying.
❤4
The Post Box 📬
$ASTER Cooking up a nice little ascending triangle here... Successful breakout and retest could send us to $1.27 and then $1.50. Nobody paying attention to it now = confluence. Shame this coin gives me so much PTSD but I'll have to put that aside if the…
$ASTER
Right idea, no execution due to choppy price action.
I ask myself is it even worth the RR in these conditions.
Anyway, alerts set at ~$1.25 for a retest. Lets see.
Right idea, no execution due to choppy price action.
I ask myself is it even worth the RR in these conditions.
Anyway, alerts set at ~$1.25 for a retest. Lets see.
$HYPE
Believe it or not, some coins are looking somewhat strong right now...
HL spent the back end of September and most of October making lower highs and lower lows but we're seeing signs of a flip in trend here.
Why? Higher lows are starting to form and now it's time to pay attention for higher highs.
First flip of $43 may signal a shorter term rally but flipping $50 would be the signal that we're ready for new ATH imo.
Not getting carried away at this point but something to watch.
Believe it or not, some coins are looking somewhat strong right now...
HL spent the back end of September and most of October making lower highs and lower lows but we're seeing signs of a flip in trend here.
Why? Higher lows are starting to form and now it's time to pay attention for higher highs.
First flip of $43 may signal a shorter term rally but flipping $50 would be the signal that we're ready for new ATH imo.
Not getting carried away at this point but something to watch.
The Post Box 📬
$AVICI Chart looks great given the market conditions. I believe that the dip to $40M was a big opportunity for people looking to get on board. Even though this paints a bullish picture for the short term I'm not too concerned about that. I still believe…
$AVICI
No signs of weakness here.
Fundamentals looking good with 100k card spends.
Feels like a matter of time before the next leg up.
No signs of weakness here.
Fundamentals looking good with 100k card spends.
Feels like a matter of time before the next leg up.
👍1