BTC appears to be ranging in an ascending triangle. Looks like mid march may be the next major turning point if this holds. I am scalping this channel. 24053 apx entry on my long (I used hedging to get this entry - I'll post the journal on my blog later. If you know me, you know where to go. Message me and talk to me on TV if you really want to see how I'm doing...
The NQ has broken the uptrend. There is increasing geopolitical uncertainty appearing in the news. Russia has declared that they are suspending the nuclear treaty, and are broadcasting to their people that it is the west's fault for the war in Ukraine. Good luck out there. Interestingly, crypto has held up as the NQ and ES dumped and broke trend. In fact, BTC...
There is a pretty tasty short on rose. Watch the micro structure shown for price agreement.
I have a wicked short entry on klay @ .3255. It was hard to nab so averaged out a little lower than I was entering on. The PA suggests that it will turn down. My entry is obv better - just watch for a retest and breakdown and ladder in if it holds. BTC will need to co-operate. NYSE market end you'll probably see PA.
GMT price is falling under .4 in a descending wedge. Based on the macro, I expect it to continue to decline before breaking the downtrend at some later point. This is a new asset for me - it prints a really clear picture vs more competitive assets - I'll be trading this one. If .4 is gained, and the descending channel is broken, I would re-asses but it looks...
Looks like 6.55ish is a decent short. 6.6 for tight sl, can go in super fat if it's really out of steam. This may be a scalp but market bullishness is pretty much exhausted IMO especially after the PPI print, so I'm YOLO'd in 20x with a massive hunk of my account and a tight SL. If it falls, whatever it's still just a couple points but upside can be pretty good....
This looks like a reasonable setup for me. I thought it would probably base up but I think this will descend into the channel visible on 4hr. This is good for a scalp. Asset has not been moving like much of the rest of the market so I'd keep an eye on it as it may be due. We must be close to the peak of the rally now.
Could go either way from 22 If it breaks over 22, 22.4 has fvg but it's on longer tf so these are weak. 22.8 major resistance. Under 21800 it will look bearish. Unclear to me which way it will go. LTC looks short to me, so I'm kind of watching alts atm to figure out the market sentiment. Look for price agreement into 22 and a decision from the ascending triangle.
LTC broke an uptrend and should provide some amount of retracement. BTC looks a bit bullish so this may revert. Holding above 95 invalidates this. Double top. Trend break. Looks reasonable but the market direction is unclear today
ADA has apparently failed to find a continuation on ascending triangle. It has swung both ways and failed to maintain any upward momentum into price agreement. This setup is short, and following the signals I see in the SPX for a larger trend change in the market with the new Jobs data and likelyhood of more rate hikes.
BTC has been struggling to maintain 23k and broke down to 22.8 today. It's held up by a long tf support line @ 22.8k, and the upward trend line it has been riding. If 22.8 is broken, most assets will probably fall. Again, the earnings recession may bleed through all markets and halt the rally. Many are looking for 28k-30k, and usually things turn around just a...
Daily candles saw nasdaq and btc breakout strongly and present an outstanding rally. I think we'll see this breakout fail or at least retest from here. The jobs data and incoming rate hikes are probably shifting the sentiment. At this point, I believe it's safe to short. ES has presented a breakdown from price agreement today, and I believe this is the signal of...
BTC broke up from a descending wedge, but failed to present a strong and consistent trend. The SPX is breaking down from price agreement (moments ago). BTC will certainly fall. 22700 resistance and 22700-22800 would be a supply zone of interest, but I think that we won't see it again for a while. Invalidated over 22800. Why? The market has started to understand...
I'm already really heavy in BTC but just sharing this idea, that this may be a reasonable entry for a high lev, tight SL position. There is also the trend line below. Anything could happen from here tho.
I'm noting the triangle on kava demonstrating towards 1.02. Watch for dropping volatility and volume, then swings either way, and you'll see it move likely from there. This is probably long but who knows. Good luck.
Low volatility period observed and, as we move towards NYSE open, price has consolidated into price agreement. I expect action here - it's trying to the upside.
posted another entry on a btc setup. I've got a slightly different perspective on the 1hr that's also bullish overr 23300.
XRP is consolidating into price agreement around .41 and will likely move hard and fast soon. I have a position from .4097 long and am waiting to see what the PA says into asian market open. I'm long on btc @ 23301 and generally am observing a bullish setup across the major assets. Euro is weakening so there is a good macro narrative to support bullish momentum...