brendanwenzel

brendanwenzel

The idea here needs $BTC and $ETH to maintain bullish market structure to happen. However, the momentum is there to pull $MASK up to that target with a week of positive movement on the big boys. Going to be watching for any 4H break of market structure for a signal to close.

brendanwenzel

I'm expecting a positive bounce off this trend line and watching the hourly for the break in market structure on the next swing there.

brendanwenzel

I'm looking to ride this up to the area of breakdown around the ~$4.20 range. Daily market structure looks very bullish, so if $BTC and $ETH can play along, then this should come in relatively short order.

brendanwenzel

It's clearly broken and retest the trend line down twice. Now my expectation is that we see it retest the Weekly resistance around 12 cents. I'm making this play with the expectation that $BTC is about to make a run to sweep those equal highs around $25k.

brendanwenzel

I'm shooting for the next most obvious resistance. My invalidation is a breakdown and close below the flipped S/R level below.

brendanwenzel Updated 

Quick scalp opportunity as OP is retesting an S/R level .

brendanwenzel Updated 

My ideal entry would have been after the 4h SFP closed, but I'm cool taking this retest. We've been getting stuck at the mid range, but I believe the next test likely gets through it and makes a run for the range low. Will be watching this 1630 area and any serious bullish momentum above there would give me consideration of closing it early.

brendanwenzel Updated 

I should have waited with my last entry. I'm happy with this swing trade as what I see as a high probability play. There's a bearish market structure and a lower low is expected after also breaking the trend line.

brendanwenzel Updated 

I'm going to focus on a higher time frame swing trade here. We are currently in a bearish market structure with a clear lower low and lower high. The 4 hour is printing a lower high so the expectations are that it makes a new lower low next. My guess is 22 before we eventually get back down to 21.4.

brendanwenzel Updated 

My target is above the 1-hour bullish order block in green near the daily S/R level. There seems to be confluence there with the trend line meeting as well. Like MAGIC, I was too early with my first call a couple days ago. Patience I must learn.

brendanwenzel Updated 

It's a high probability setup with a decent return.

brendanwenzel Updated 

I've drawn out the pattern I'm watching for on the hourly chart to take my position. Once price gets to the the block, I will short the first lower high on the hourly with the stop above the last high.

brendanwenzel Updated 

I'm selling this resistance test down to the previous support. Keeping it simple.

brendanwenzel Updated 

I'm taking a swing at this 3 R/R based on two 1-hour SFPs. The safer play is to wait for the breakdown below the support line and then short the retest. Being a little aggressive here above support and I hope it doesn't make me pay too much for this aggressiveness.

brendanwenzel Updated 

It's a pretty straightforward retest long expecting it to shoot into the order block before reversing. I will short the tap of the block.

03:17

brendanwenzel

Chiliz $CHZ Chart is looking like it's ready to make a massive run. What gives me the confidence to say that is not only the fact that it broke out of an eight month long consolidation, but it also had a massive reaction after hitting a daily order block on the BTC chart. I would highly suggest you at least go look at the chart and consider adding it to your portfolio.

04:41

brendanwenzel

Bitcoin has recently broken out of its bull flag and had a successful retest. It's my opinion that we will see a green Sunday and a green week. The only question is how green will it be. Like I mentioned the video one of the key things keep an eye on is BTC dominance over the next couple weeks if bitcoin does breakout of the all-time high and goes in the price...

02:36

brendanwenzel

We are starting to see perpetual protocol put in bullish market structure on the daily chart. This also lines up with the channel that is currently sitting on the support. While I do think we could go down a little bit against bitcoin and Ethereum, we are getting very close to a major breakout they could see perpetual protocol go up over 100% in a very short...