UnknownUnicorn2934042

UnknownUnicorn2934042

Liquidations are happening on nearly every move, after trading for months, maybe folks forgot just how drastic the swings can be with Bitcoin, here's how I could see price toying with the majority of traders for a while, though I hope it wont take so long to see a bottom+recovery, BTC loves to play with emotional traders.

UnknownUnicorn2934042

I don't believe that we have reached bottom yet, yesterday morning had a promising , I expect liquidity grabs up to $4800ish or down to $4300 before another leg down, hopefully both for a couple nice scalps . Stay safe out there folks.

UnknownUnicorn2934042

We've seen more and more downward movement, with shorter and shorter rallies between corrections. Lots of untapped liquidity at $4500, so it seems like the next logical stop down.

UnknownUnicorn2934042

Could see a possible bulltrap if we sweep local highs right before another dive down. $5k, $4k, $3k all seem like very real possibilities at this point for a bottom. $5400 being defended by bulls for the past 24 hours gives me hope that we are at least close to bottom, and of course we could just hold this range and get upward expansion, but I don't rule out if...

UnknownUnicorn2934042

ETHUSD looking pretty similar to BTC on the 4 hr chart, possibly more downside, but a lot of these larger cap alts with USD pairings have faired pretty well on BTC pairings after the initial dive down. When BTC would spike down yesterday, ETHBTC, XLMBTC, and others held strong, while XRPBTC and LTCBTC actually had some substantial gains. A market that is less...

UnknownUnicorn2934042

A $5k bottom would be somewhat poetic, as breaching the $5k line on the way up was a big hurdle before last year's bullrun. These lower wicks are evidence of some pretty strong buy support at these levels, but not quite enough to turn things around yet . I could be wrong, and things just consolidate here before they pop off, so I'm not looking for shorts unless...

UnknownUnicorn2934042

So $6200 came, $6k, down to $5200. Can $5k find the buy support we need? Please sir

UnknownUnicorn2934042

ETHUSD is sluggish and flailing at this point. I could see this pattern continue with gradual steps down until there is a bottom, could be $192, or just keep going until we revisit lower lows, $166.35 is not out of the realm of possibility, but BTC would have to plunge down to sub $6k probably for that to happen.

UnknownUnicorn2934042

$6300 hasn't proven to have much buy support as the slow ride down traps bears and bulls alike. The small bounces we've seen and lower and lower wicks downing liquidity makes me feel more and more that we have further to go. Possibly all the way down to $6142 level for a strong bounce, but hoping that $6209-6183 serves as the launch pad for a strong bounce off...

UnknownUnicorn2934042

XRPZ18 has been a great long for me recently, and I still have a moonbag riding open long, but I think it may have a retest of some previous supports before it can move back up out of the current range. Would love to see this play out something like this, to give me a chance to re-open a long: some more sideways action before a deep wick down to 7440 sats with a...

UnknownUnicorn2934042

With not enough buy support to breakout, and with much the same story for first mover BTC, things will send ETH to re-explore $200 level. Looking to catch a long between $206-200 leading into strong a bounce.

UnknownUnicorn2934042

With a clean break above $6400, some ranging before consolidation before breakout to more ranging, consolidation and then a breakout to $6600.

UnknownUnicorn2934042

Although I've caught some nice longs and capitalized on small bounces on the way down, I'm long-term bullish, why would you trade crypto if you weren't? When we hit "bottom" I expect a violent reaction and hopefully enough momentum for a full market reversal. None of these bounces felt that way. They've gotten stronger a bit I suppose, and right now things look...

UnknownUnicorn2934042

Seeing a decent reaction from these levels, with strong daily open last night. I'm inclined to think we need to go down further, but for fun here's a bullish scenario that I could see potentially. We are very close to breaking out of this tight range at $6363, a clean break above $6400 and a quick stop run to $6376 before a bounce to next leg up.

UnknownUnicorn2934042

Starting to play out and look more like this sort of pause-on-the-ride-down dump. Setup for longs at $6300, but if that level gets blast through I have stops in place and new longs to catch ze real bounce

UnknownUnicorn2934042

Looking to play the ride down and book profits at every level, so far so good. Stopped out of long at 40% ROE, looking to catch the next stop at the $6300 level. If we can't bounce there, $6200 seems likely for the "real bounce" we're looking for.

UnknownUnicorn2934042

I see ETHUSD playing out something like this, either a bounce soon from this $207 area, or a further dump down to sub $200 levels, with a brief pause at $203 before hope for the real bounce . Still no position in ETH, but it's getting close to my top bids.

UnknownUnicorn2934042

My short down to a long played out perfectly early this morning,. Closed out short at just over a double up, caught a long, but closed it at entry and caught a lower one for a quick scalp, attempting this short down to a long play now for the 3rd time. So far 2 successful executions in the past day. Bids spread from $6333-$6319 then a stop before even lower ones. ...