tl;dr
- BTC currently sitting above range high after a huge spike
- the 2 week range had the opportunity to break down and it didn't happen
- instead we got rejected by the range low and went all the way through range high
- this suggests to me that at least one more macro leg is possible for BTC
- first target are the highs at $30k
- optimistic target is...
tl;dr
Direction
- Opened a low risk short on BTC
Reason
- Spiked previous monday high and range high for two week consolodation
Key prices to watch for
- FTA at range mid (~26900$)
- Realistic target at range low or double bottom (25800$)
- Optimistic target at 25000$
- Cut if 27700$ reclaimed on 1h candle close
I opened a low risk short on BTC, since we...
ETH under pressure due to USDC issuer Circle’s banking partners’ issues.
ETH found support at $1,420, coinciding with HTF support and 200-day MA.
Bounce from this level could signal reversal of downtrend and continuation of bullish momentum.
Invalidation point below $1,400, target at $1,744, representing a ~7R trade.
The first area of resistance is at...
