Still a bear trend, looking for shorts. Wanted to short higher (monthly open), but BTC is weaker than previously though. So this is the current plan.
Liquidity grab into the monthly open, then dump it.
190 looks like a good place for a knife catch long. That place has a lot of confluence: - origin of the major breakout - 50 DMA support - VPVR support - Stoch RSI starting to turn - ...
If we break 12k then there is not much stopping us from going to the previous all time high. However we are currently at a resistance block. I expect a little pullback first. Then a re-test of the resistance that will probably be broken on the second try (this will confirm if this rally is truly bullish or corrective). Since this rally looks strong so far, I...
Is ETH gonna catch up to bitcoin? It looks good: A&E bottom + consolidation under resistance. I'm feeling brave enough to go long now with a tight stop, than to wait for the breakout.
- Bull cross on the Ichi. - Ascending triangle - Bull divs on the RSI & MACD, which I didn't include to keep the chart clean. I'm keeping it simple so I'll target that first resistance line at 670 sats for an easy 10% profit.
Guppy turned green on the 4H and is about to turn green on the 8H Massive bull div on the RSI Multiple tests of previous resistance --> resistance becomes weaker with each touch. High volume coming in If this resistance breaks, Nano could seriously rip. The only other resistance in sight is 70% above us!
We're currently at the best buy zone on the entire chart. Worth getting a small bag IMO.
Ascending triangle, thunder cloud turned green, bull div on MACD, ... So many signs. This looks like an obvious swing trade long.
I expect a classic quasimodo pattern to play out here that will get rejected at the weekly open.
We've had capitulation. I'm calling the bottom here.