A 1D candle close through the 1D level = bullish trend continuation guaranteed. But a 1D candle close through the level doesn't mean that price is not 'allowed' to get back and close below this level (only for BTC, altcoins I don't know: Doge would argue otherwise for example). It is allowed to and the reason why this should be kept in mind is because there is a...
You have a big structure (blue box). Within that structure you get the final SFP before price breaks down further. This structure is what creates resistance if price gets back to it. You can't SFP the SFP (unless it's a Short Deviation Setup which isn't possible here due to horizontality). When price manages to get back to the SFP it's a sign that the structure...
Logarithmic chart. Looks like a clean Deviation Long setup. I've never seen a Deviation on the 1M before but this sure looks like it. Long deviations on BTC always provided mega pumps, don't know with altcoins + this TF but yeah: willing to take the risk. One of the best altcoin charts I've ever seen. Will sell BTC spot for...
14-11-2024 Now that we have the HTF breakout, we can note the new HL. Two HL's to be exact... I don't know how this works with market cap and all, but pure from a structural perspective I think this breakout looks to be the best one yet: - March 2020 low led to a stronger structure being formed, more zig zag instead of the usual straight up (I view...
Even though price convincingly closed above the ATH with a 1D CC, because it's a Monthly level (March 2024 ATH = level) you have to remain sceptic: it's all about the 1M CC; a LTF setup will determine the closure of the November 1M candle. If price goes down first (low probably inbetween two dashed lines) then it's probably a free bull run. If price however...
BTC LTF MSB Short Setup: Looks to be the same kind of setup like the other two where you get the HL structure - HH structure- LL structure - LH structure; ------------------------------------------------------------------------------------------ I'm a bit sceptic about the following things: - Price didn't immediately break through the structure like it did in...