My setup that I hope to take. Waiting for the FUD event that will drive down the price to take the liquidity below the equal lows. There is also a good confluence of 0.5fib between the yearly high/yearly low and a weekly breaker OB. Will set to TPs.
Watching this area for a potential reversal long or mid term short if the breaker and diagonal is broken and retested. Be careful.
I suggest a potential drop to 0.7 fib retrace would make a lot of sense, forming a giant inverse HS bottom before a massive bull run to 32k. Buckle up!
Hi, The way the price levels are structured, makes me think we are in for a bullish base formation. We'll see in the next 1-2 months if this thesis fulfills.
Long -Short - Long = 27R I think BTC will form a temporary bottom to retest the breakdown area of 18-19k.
I divided the whole range in 4 simple areas. My plan is to wait for the price to dip in the "Buy-The-F**king-Dip-For-F**k-Sakes" area and just hodl it. If the price decides to go up before the dip, then I will take short position at the "da resistance" area. If my short gets liquidated, then I will ape into long cuz we are going to Valhalla.
300WMA is the new 200WMA. Buy the potential liquidation of Celsius wBTC.
Dip buying opportunity is coming. Historycally 200wma is the best time to buy. This time it has a nice confluence with a bullish weekly breaker block and 0.7 fib retrace.
ETH/USD has to hold the support area with bullish confluence between 3.8k - 4.1k If so, that would trigger giga short squeeze that would take the price to new ATH way above 5k and up to 8.4k (based on fibs).
The last dip of 2021 is here. Black friday discounts allover the market, don't miss out!
I see 2 scenarios currently: 1) Whale pumps to 0.62fib and meanwhile fills mega short position using buy stops. 2) we continue up after a brutal short squeeze. Everybody from the sidelines enter long positions and Eth is en route to flip Bitcoin as the leading crypto.
Trading range of 29-59k has been established. New ATH coming this fall.
Possible IHS forming, good long setup at 52k with SL below daily support.
Change my mind if you can.
Deep pockets are accumulating Flow
Pullback down to OTE would be the perfect bear trap, just before the ETF decision.