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$BTC / $USD

Current BTC sentiment is all over the place.

Just wanted to give a quick broad view. That grey area (orderblock) is starting to feel like a really crowded area that everyone wants to long.

Things to take away from that level:

We have the H12 EQ (H12 range has been clutch) we have the weekly open, a nice daily support, H1 orderblock that led to break in low time frame market structure and other factors.

Makes sense to long that region.

Except this level can be used to engineer liquidity for the short side considering how many people would love to long that level.

Personally (notes on the chart) I will wait to see if we slice right through it, reclaim up above and run a few stops and will watch open interest (to see if new positions are being opened) and then evaluate price action for my long.

Simple. Kind of.


https://www.tradingview.com/x/QJNtOKJ3/

$ETH $USD Macro view

This is one of the bigger timeframes and this is a stunner. We can clearly look at the 8 fold growth after a massive correction of over 70% to 90%.

Looking at the 200 MA, we are gonna face a massive overhead resistance around $240 where it needs to break and boom!

Again, the Fib timezones too look to intersect with the upcoming resistances.

🎓 Trade Update 🎓
🎓 #WABI / BTC ( 4H) -View Chart

🔸Signal Info: Tael
Rank: #337
Exchange: Binance (Trade)
Direction: LONG
Term: 20 days

🔸Status:⬆️ Limit order filled and position active.

🔸Current Price: 1484sats
Entry: 1476sats
Targets: 1669sats, 1920sats, 2235sats
Exit: 1365sats (-7.2%)

🎓#SpotTrade 🎓
🎓 #KMD / BTC - View Chart

🔸Signal Info: KOMODO
Rank: #64
Exchange: Binance (Trade)
Direction: LONG
Order Type: Breakout Order
Term: Long (30 days)

🔸Status: It has been about 20 days since the last mention on Komodo. The risk on the position was reduced to zero before the $10k crash and the position was closed following that event. The Entry turned out to be spot on, although it's quite out of reach right now. We'll trade the breakout on this reputable cryptocurrency.

🔸Current Price: 0.00007280
Entry: Above 0.00007350
Take Profit: Open until further notice
Stop Limit: Exit @ ±5% loss (~7000sats)

$BTC / $USD
H4


Quick touch up.

Price jumped, tapped monthly open and pulled back.

Bitcoin currently bounced off H4 breaker (breakers are key institutional levels, usually filled with liquidity) and weekly open.

Swing low raided below and ALOT of liquidity left up top.
Ideally you want to run the sell side liquidity, just like we’ve done the buy side liquidity before trending the market.

How would I play this?

If price can regain Monthly Open (8299) consolidate above that’s a clear sign to look for longs and would give us a higher low.

Second, you’d want to see the H12 close above 8400. Once that happens I personally will be aggressively hunting longs aiming for the two untapped swing highs (8634 and 8800)

https://www.tradingview.com/x/o1qi2elp/

$BTC / $USD

H12

This is the range I’m mostly focused on.

Monday’s high and low formed.

Mid week creep up to Monday’s high with no closes above range high (8400) and send it down straight into the EQ (8068 for a nice bounce.

Getting a H12 close below the EQ would pretty much mean we are hunting the low of the week and running some stops.

Now this is where you use your personal interpretation of these levels.

If we hunt Monday’s low before the weekly close and close back above the EQ I will be chad fucking long till 8800 liquidity.

This would mean stops have been ran, liquidity has been collected and the market is now trending to the next liquidity pocket (8800) highs.

From there we can evaluate what’s next, level to level don’t get carried away.

https://www.tradingview.com/x/baFcfl4q/

Rumors on the roll

Okay I just caught something in the air about Apple being interested in whopping Samsung's ass for the cryptocurrency wallet. It is alleged that IOS 14 will bring with it an inbuilt cryptocurrency module. This means companies like Square and wallet providers like Trust will be embedded in their user base.

🎓 Trade Update 🎓
🎓 #KMD / BTC - View Chart

The breakout on Komodo looks effective. Introducing the first target @ 8200sats. Stop-loss remains at 6990sats until a few more candles close above the entry zone.

The bottom of the control wave has been identified and you can see if it is breaking above the $8305 to $8830 to see if the rising wave is sustainable.

Time for some more crypto drama.

Bitmax did send a painful thrust deep in DeepChain's ass. These words seem to sound like a dragon spitting 🔥.

Official response by Bitmax:
https://bitmaxhelp.zendesk.com/hc/en-us/articles/360036309894-Follow-up-to-DeepCloud-AI-Delisting-Announcement-on-BitMax-io

$ADA / $BTC

Taking this setup.

Range high break with price hovering above monthly.

Taking profit at swing points and daily resistance.

Entry: 494-490
Stop loss: 468
TP: 526 and 547

https://www.tradingview.com/x/BVDi1sm4/

$TRX / $BTC

Trx looks good if we can get a daily or H12 above daily orderblock.

Nice bounce of .705 OTE and the EQ (.5) holding strong.

Close above and I’m long.

Targets being two untapped swing highs.


https://www.tradingview.com/x/F7lWcWvT/

#NULS / BTC - View Chart

🎯First target hit for the second time after being re-filled for +7% profit. Raising stop to 4505sats

#RVN / BTC - View Chart

📶 Trade active and very much in the money. Price is drifting between our targets zone @ +22% 🎯.

Local resistance at 380sats is a great place to be taking profit and in hindsight, I wish I had set this as the first target.

The second target about at 408sats also looks a little conservative now that the price is so close. The bullish rising wedge formation looks strong, and I'd trade if I wasn't already in @ 310sats

#BNB / BTC - View Chart

🔼Limit entries set @ 0.00185 and new breakout entry set @ 0.00193. Binance coin has been utterly trapped for the past 10 days. The top IEO coins have been mirroring this behaviour for the most part. Waiting for the dragon to awake 🐲

📈 A mild bit of performance yesterday shook up the indicators a little, and price reached the upper range of the consolidation zone, again pushed down. Limit entry zone bellow is just nowhere in sight right now. We'll cover our profits with a breakout entry.

#IOTX / BTC - View Chart

📶Position active and in the money. Lovely entry at 42sats. The price is now trading at +12% profit 🎯. We need to watch out for a rejection on the top side horizontal resistance. No profit has been taken yet, but I think we can hold this position open until that first target. Might be more aggressive on the stop or exit after that. Exit at break even for now.

The DMI confirmed the bullish bias. The ADX has turned and there is a massive gap between it and the DM lines, this is bullish. Overbought is when the blue +DM trades above the ADX - there is a lot of room to go before we see those readings.

#CDT / BTC - View Chart

I was looking at the 4h chart, just the rest of the updates. It looked bearish to me, tried to zoom out, Also looks bearish here on the daily.

There is always a change that it'll work out. It has been 4 days, however, and as far as I can tell the breakout on the micro time frame has been weak and ineffective.

❎ Closing position at break even
❇️Targeting new entry at 111sats

#WABI / BTC - View Chart

🎯 Target # 1 triggered for +13% profit. Price is moving smartly along my lines if I do say so myself 😌

Give it a little time, we might hold above this profit level. Let's raise the stop to 1530sats for now. Second target now in sight. Final target # 3 on #WABI is set at a lofty +50% profit.

#KMD / BTC - View Chart

📶Active on Komodo, nothing much to say other than the fact that the breakout level has held. Price is doing a bit of a re-test on our entry. A hold here will give the bulls the reassurance they need to resume the accumulation.

The 4h candle formation looks like a shooting star reversal, but the local block is holding. A close below the breakout entry and a confirmation candle would prompt an early exit.