#ETHUSD - Outperformed TP2, and went to the wick highs coinciding with an old less critical level I had marked on my other chart.
https://www.tradingview.com/x/QS8euI73/
https://www.tradingview.com/x/QS8euI73/
And here was my little prediction in premium for weekend PA before the move. 😁
https://www.tradingview.com/x/pFjzXMaf/
https://www.tradingview.com/x/pFjzXMaf/
#BTC #ETH - Still looking for longs. Nice entries in premium, ETH three options as it was a bit scrappy, nailed the first. BTC $3 off the first bounce then ultimately $20 below, not too shabby! Bit of resistance above has developed now so expect, and hope for, some ranging to support any continuation.
https://www.tradingview.com/x/aWbf4MDB/
https://www.tradingview.com/x/aWbf4MDB/
#BTC UPDATE - So I managed to sleep through both the down move and the up move irritatingly!
Nor did I expect it to happen quite so soon, although I had commented not long before that I didn't like the second rejection of 7380 - back where we are currently at now. Should have trusted the power of the black box and these critical long term levels!
So after the SFP, we dropped down fairly perfectly into hourly demand and have bounced on decent volume. Unfortunately we didn't create support on the way up so unless we can pick up one of the old ranges or break out relatively quickly it is fairly likely we will revisit the high 71s. 69s could also be retested, but this would mean the up move is over and we would likely be looking at a larger correction.
We have also formed a rising wedge however volume isn't really supporting this pattern playing out right now. Still expecting more of a move up to proper supply (still looking at 7750), and ideally after some more ranging so we have stronger support. It is possible this is the local top, however I don't see the confluence with fib levels matching up as yet.
https://www.tradingview.com/x/6oIcE5fo/
Nor did I expect it to happen quite so soon, although I had commented not long before that I didn't like the second rejection of 7380 - back where we are currently at now. Should have trusted the power of the black box and these critical long term levels!
So after the SFP, we dropped down fairly perfectly into hourly demand and have bounced on decent volume. Unfortunately we didn't create support on the way up so unless we can pick up one of the old ranges or break out relatively quickly it is fairly likely we will revisit the high 71s. 69s could also be retested, but this would mean the up move is over and we would likely be looking at a larger correction.
We have also formed a rising wedge however volume isn't really supporting this pattern playing out right now. Still expecting more of a move up to proper supply (still looking at 7750), and ideally after some more ranging so we have stronger support. It is possible this is the local top, however I don't see the confluence with fib levels matching up as yet.
https://www.tradingview.com/x/6oIcE5fo/
#ETH UPDATE - I had entries here around the $164 mark so not too far off.
ETH makes me a little more nervous than BTC as htf support is so far away at around $148. This also bounced on hourly demand but wicked right to the bottom of the impulse wave. But it has also bounced strongly and has made it back also right to the top of hourly demand where it is currently holding.
There is a lot of confluence at $180 with levels and fibs, and supply is slightly higher running up from $191.
As for BTC, no support has been made on this bounce so a retracement needs to pick up a local range (which it now seems it may have done) or it could drop back to $167.
And again, looking for some ranging now to build support at these levels.
https://www.tradingview.com/x/x4Vugv2M/
ETH makes me a little more nervous than BTC as htf support is so far away at around $148. This also bounced on hourly demand but wicked right to the bottom of the impulse wave. But it has also bounced strongly and has made it back also right to the top of hourly demand where it is currently holding.
There is a lot of confluence at $180 with levels and fibs, and supply is slightly higher running up from $191.
As for BTC, no support has been made on this bounce so a retracement needs to pick up a local range (which it now seems it may have done) or it could drop back to $167.
And again, looking for some ranging now to build support at these levels.
https://www.tradingview.com/x/x4Vugv2M/
#BTC UPDATE - Premium entries and exits set yesterday pretty nice again.
https://www.tradingview.com/x/9ZDdbe1W/
https://www.tradingview.com/x/9ZDdbe1W/
Elisa's Charts
#BATBTC - Alert just went off, keep watch. https://www.tradingview.com/x/5CnAoGjr/
#BAT UPDATE - Nice little break and retest and up around 10% now.
https://www.tradingview.com/x/gC4PM3ul/
https://www.tradingview.com/x/gC4PM3ul/
#ETH UPDATE - Since I like transparency - Nailed the red entry earlier today, took out the orange which in hindsight although I commented I was nervous about it in premium and talked about pulling stops to BE, I should have probably pulled the call. Green entry nailed.
https://www.tradingview.com/x/KNEzgBRy/
https://www.tradingview.com/x/KNEzgBRy/
#BTC UPDATE - Red entry, like ETH I should have pulled although also gave opportunity to move stops to BE. Orange entry could have worked depending on where stops were placed, and green not quite hit.
Difficulty with both today is the triangles - overused demand and supply levels meaning weakened compared to first hits on levels.
https://www.tradingview.com/x/jf9BbAXV/
Difficulty with both today is the triangles - overused demand and supply levels meaning weakened compared to first hits on levels.
https://www.tradingview.com/x/jf9BbAXV/
#BTC UPDATE - Obviously I slept through all the fun again! Drew this before I went to bed, and I thought we'd go a bit higher again before a possible retrace. Two-thirds worked but couldn't hold the final bounce.
https://www.tradingview.com/x/827df7vr/
https://www.tradingview.com/x/827df7vr/
One thing I had noted was the creation of 4h supply above, however we closed just inside, so probably didn't give it the weight I should have - although it is much more obvious now a few more 4h candles have closed. ETH closed below the same structure.
https://www.tradingview.com/x/SpZgMDhe/
https://www.tradingview.com/x/SpZgMDhe/
As of now we have tapped into the top of daily demand and a reasonable confluence of support levels and the 70.7% fib. We have broken the rising wedge although until I see a failed retest I don't put much stock in this since the last one didn't go even close to the target.
Indicators are low on the hourly but not bottomed on the 4h, and volume on the bounce isn't very strong, so I expect we will head deeper into the level at this stage.
https://www.tradingview.com/x/zwa6JHcm/
Indicators are low on the hourly but not bottomed on the 4h, and volume on the bounce isn't very strong, so I expect we will head deeper into the level at this stage.
https://www.tradingview.com/x/zwa6JHcm/
#ETH UPDATE - As I said, the creation and subsequent rejection of 4h supply was more obvious here. At the moment ETH is in the middle of nowhere bouncing on a tiny 5m level with a small 30m demand not far below but the daily demand a long way off.
Last time we were at these levels after a similar move, there was an expectation of a retest of the $150 area of breakout and an S/R flip which did not happen. The pink level at $158 was picked up as support so it is worth watching to see if this can again flip.
https://www.tradingview.com/x/bNYpWCv4/
Last time we were at these levels after a similar move, there was an expectation of a retest of the $150 area of breakout and an S/R flip which did not happen. The pink level at $158 was picked up as support so it is worth watching to see if this can again flip.
https://www.tradingview.com/x/bNYpWCv4/