I don't like that price did not touch the marked OB that finally caused the drop. However, to me, ETH seems to have entered a downtrend/correction. I hope for a last push towards the low of the range or even better a retest of the supply zone that caused the BMS on the HTF. This is one of the setups that has statistically worked best for me. My entries are marked...
My rules tell me to short. SPX, DJI and DAX seem to struggle and start to look for their "real" value. Since BTC broke out of the 1h range, I expect price to form a QM which will be my trigger for a short. On the daily we broke the HTF market structure. Until price remains below the orange box (QM), I will hunt for shorts towards the 7k range. People are bullish...
Let's see if I can get my entry. Overbought extended move looks like topped out (could go for a last swing tho) retracement seems due Duriano.
Let's see if BTC can take out the former swing high and push into by OTE. If we break from here, I will look for shorts below T1 as price would re-enter the former range high. However, I would only be interested if PA indicates further downside. I am totally wrong, if price consolidates above the purple box. Then I will go long and accept a loss from my former...
I got out of my longs yesterday as this does not match my condisitons to remain in a long. Loosing 0.37 sats would lead me to the decision that further down side is yet to come.
I assume that BTC will drop further to 8.4-8.2k. This could/should drag ETH down towards the purple box where I will look for an entry assuming PA is bullish on the ltf. DURIANO.
XRP did a SFP on the higher time frame which is super bearish. I'd take this short anytime, but I think we are in a bull-market and I prefer having the trend on my side. I would like the purple line to hold. If we see a nice reaction there, I will spot long XRP and might add some leverage above the higher time frame resistance (if we see a 3D close). Duriano.
Support needs to show it's holding before I enter. Always the same drill: HH on ltf first, then moon on htf. Duriano.
I want ptice to drop onto the 3D breaker first. Then HH on the 4h upon support, then moon, then more moon. I might also become interesting if BTC drops to 8.7k and dragging this one to the ground. However, this depends on future PA. Duriano.
Theta looks particularly clean compared to other charts. It broke out with an former bullish divergence on RSI and an increase in volume. POC of VPVP is the EQ of my purple box. Clean retest of former range high. Price seems to hold. Personally, I am good buying at this level with a loose SL as I think this one will hit T1 with its next wave. Not sure about t2...
I think this one will shoot sooner than later. Indicatros show strong bullishness Price stabilized above POC and EQ Overall volume is decent three of my four coins (from last week) to watch already hit their respective targets. I already have picked the next 4 coins. Stay tuned and hit the follow button if you like my output. Duriano
One of the 4 coins I am watching out for the next days.