drcrypto14

drcrypto14

link likely completed it's wave 1 back on the 10th. currently looks to be completing it's wave b inside wave 2. target is sub $6.

drcrypto14

same setup as eth. wave 1 looks complete. starting wave 2. looking to short to $19.2k minimum target. $17.5 TP2

drcrypto14 Updated 

link has been strong so far this year. vs eth, looks really strong as well. should outperform most this year. currently resting at daily rsi eq and price support. should eventually make a run to the local highs. looks great.

drcrypto14 Updated 

currently looks like a bearish retest. flip the zone and we'll cut the short and look for longs. current short targets: TP1: daily pivot $1480 TP2: $1400ish

drcrypto14

weekend setup. looking for the daily pivot test. good RR here and if we lose it, should run way deeper. can't seem to break the hourly rsi eq. manual stop, as always.

drcrypto14 Updated 

tight stop here, as i think if we lose that low we're goin to the daily pivot. 2 keks by eom please and thanks. 4h rsi about to tap oversold. daily rsi about to tap eq. feels like the right spot to long.

drcrypto14 Updated 

same as eth. wave 4b appears to be completed. eyeing $21,500 for wave c. looking for longs there. daily rsi eq alert set for the trigger.

drcrypto14

we're in the middle of wave 4, where b looks to be completed. looking for $1550ish for wave c. likely looking for wave 5 longs in that zone. trigger will be daily rsi eq retest. set an alarm there and wait.

drcrypto14 Updated 

got bearish right before fomc. thought we'd lose the TL only to have it pump in my face lol feels like deviation as powell is once again a local top. $1430 min target, although i think this could go much lower. let's send this back home.

drcrypto14

feels very weak here. probably should wait until after fomc. think we'll retrace a good portion of this move. $1350ish target. good luck.

drcrypto14 Updated 

still long and looking for the blow off top. wicking off trend line support. think we play towards 1.8 keks for one last ride before we retrace a good portion of this move. no lower lows yet. structure remains valid.

drcrypto14 Updated 

similar to eth, still looking for the blow off top. somewhere between $25-26k. think we retrace a good portion of this move and trade sideways for the remainder of Q1. retracing towards 19k would be healthy for the macro picture. i'd avoid trading for feb/march as i think it will be big downward chop. long for now, then we're flipping short for wave 2.

drcrypto14

when you get consolidation like this, sometimes it helps to look at the renko. hoping we get that final drive with pure exhaustion. feels veery similar to last november. if we get it, we'll exit these longs and flip short.

drcrypto14 Updated 

similar setup as eth. leaning btc to the weekly pivot around $26.5k.

drcrypto14 Updated 

imo, time fibs are an incredibly helpful tool and not enough traders use them. full moves typically occur in 3 full time waves. take the first wave to get your time scale. wave 2's are typically similar time length of wave 1. rest of the breakdown on the chart.

drcrypto14 Updated 

here's the eth long setup. looks like we were a little early to short. too much strength with this move. dips continue to get bought up immediately. tp1 1800 tp2 2k (weekly pivot)

drcrypto14

noticed something slightly concerning regarding daily rsi. last 4 times we tagged overbought has lead to serious downside. this move to OB has also been significantly weaker. average downside post tag is 51.66%. not necessarily saying that's exactly what will happen this time around as i think we still have a bit more upside we can get here.. but it's enough...

drcrypto14 Updated 

eth also looking progressively weak. same setup as bitcoin. hoping for trendline retest before more potential upside. think eth is the better short based on ethbtc chart.