readysetliqd

readysetliqd Updated 

Background: MAPS has rallied far harder than the rest of the crypto market posting ~8x in 2 weeks. Given that Bitcoin is now trading under resistance (bearish short term thesis for all crypto positions), a hard pullback in MAPS seems likely. Bearish divergence on the H4 RSI coming down from "overbought". Trend angles increased then decreased suggesting momentum is...

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Background: BNB has confirmed a swing failure pattern (SFP)/deviation above the range building since 20 Jan'22. High volumes marked in red arrows to reinforce the boundary while fading volumes in green arrow to support lower boundary of a smaller 6 day local range. RSI just confirmed rejection off underside of 50. Confirming below $407 would confirm an H&S pattern...

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Background: IOTA has spent much of its existence ranging from 2018-2021. There was an explosive markup in Q1'21 with consolidation/accumulation following. Since Sep.'21 until 20 Jan.'22 price has ranged roughly between $1.00 and $1.55. Only recently has price fallen below the range. Strategy: Look for signs of weakness or confirmed deviations at boundaries to...

readysetliqd Updated 

Background: I'm still net long on SOL from the summer cost basis in the mid $30s. I'm looking at targets to offload the rest into stables in case the HTF downtrend stays in play. Willing to buy back higher and pay for confirmation of HTF trend reversal. SOL had a wick into D3 demand zone from Aug'21 and has since reclaimed the macro Fib golden pocket on LTF. Spot...

readysetliqd Updated 

Background: LUNA confirmed a H&S pattern on 21 Jan. with a failed reclaim in the following candles. Target when measured by percentage is $37.74. Target has confluence with a 3D demand zone which preceded an impulse move on 28 Nov. Strategy: 1st long entry at start of demand zone ~$45.06 with a target at 1D supply & minor line of resistance ~$62.78. SL below 3D...

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If we see this LTF uptrend continue, I'll be watching for signs of weakness trading inside the 3D supply overhead. Breaking back below the supply zone and the HTF downward sloping channel with a LTF confirmed retest and LL would be my trigger to short targeting low to mid 30s

readysetliqd Updated 

Background: BTC has more or less followed a steep downward facing channel for the past 2 months. Yesterday we saw a deviation below the channel and a HTF trend line dating back to the 2017 top with a quick reclaim of both. Bullish divergence formed on the 4H chart and the 4H MACD has just confirmed positive. Strategy: If the daily close confirms a reclaim of the...

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Background: XRP is currently trading in a weekly demand zone dating back to mid July. There was an explosive high volume retest of the area in early December. On the most recent entering of the demand zone, price has been rejected from the top of the zone. Price is currently trading sideways/shallow uptrend on LTF in this zone with both volumes and momentum...

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Bearish divergence is building between price and the MACD for the ETHBTC pair and BTC.D dominance has been holding strong at strong support around 39-40% (a large part of alt dominance is of course ETH). Volumes for the pair have been steadily dropping off on most exchanges. I'm looking to sell ETH for BTC in the following 3 scenarios: 1) Falling straight from...

readysetliqd

LINK has been on a tear in USD and BTC terms and I'm finally breaking even in BTC terms on LINK bags bought in the summer, those of us still holding bags and worried about an upcoming bear market may consider keeping an eye on these levels and taking some off the table now or in the near future: 1) Approaching overbought readings on the 3D RSI, bearish...