reiiss7

reiiss7 Updated 

Under 42.5k = REKT But for now it's looks good for bulls We dropped on Monday and didnt take liquidity, which made me suspicious. ETH is performing better, which it does when price goes up. I still believe we will drop but currently short term I think we can go up for a bit, not sure where to but probably 44k+

reiiss7

Thinking we bounce here off the parallel channel before dumping to the 30's again GAP here as well

reiiss7 Updated 

We went even higher than I thought and now i dont think 40k will hold just because everyone will realise its a fakeout Looking for a 37k liq grab next for a bounce into a falling wedge Tight SL only in this region

reiiss7 Updated 

Following the plan as per my last charts where I bought at 42.6k and hedged with 2 shorts, 1 of which is now panning out so I closed longs. Expecting a few weeks with price hovering between 40k and 43k

reiiss7

Our next break of structure here can mark the top! This area was Russia/Ukraine war news. Otherwise we could see 53.8k as top which is Bear Market 2021 Break of Structure but I don't think it's as likely

reiiss7 Updated 

Looking like a drop here soon like the rest of the market BTC has held up well but I don't think 48k can hold forever

reiiss7

Keep an eye on this coin it just pumped to BOS and top of Channel

reiiss7

Big descending wedge, looks like a big drop is coming soon. Bad 4h close

reiiss7

Shorting as I see Distribution on LTF started BTC may have topped also, but we look to see the 43's and see if it bear traps or if it just collapses Although it might pump straight to 47.4k Above 48k is bullish

reiiss7 Updated 

DXY looks like it's scamming FOMC failed to pump past 43.9k Nothing is ever this easy Only shorts here, 125x for now

reiiss7

It looks like the CO may be trying to create a fractal pattern similar to the 2023 accumulation zone at 16k area. This is likely to be a big trap, but as it unfolds more and more traders will liken this to a huge pump to 100k (the percentage gains from 2023 would match up to around 100k from 35k if repeated in 2024). I think we can test the 23's but may even...

reiiss7 Updated 

We can see clear Selling Climax, and Buying Climax. During accumulation phases, we also have Selling Climax close to the bottom, and this is what confuses people. They also confuse the Secondary Test (ST) with a Spring. We have a very clear difference in immediate upthrust price action along with low volume. Most of the volume seems to be in high points and...

reiiss7 Updated 

By the looks of things, any Stop Losses above 42.9k are safe and very likely we won't see the 42k's anymore. The same goes for ETH. Top of today's Daily we won't see that price again for 2-3 years in my opinion. The good news is if we don't get a massive wick, there are some great opportunity for low leverage short trading in a downward slope. This type of PA is...

reiiss7

45-47k seems less likely now. FOMC should have pumped it to that area. Within these parallel zones, 38k looks pretty good. We can bounce off 38.7k for a bear flag however. ETH did a hammer into weekly VWAP... usually what they do when they want to sell.

reiiss7

I have been looking into the law of diminishing returns, and compare recent tops with numerical tops in the last cycle. Essentially we are looking for a 5.5k bottom and 53.8k top. Retail buys are set at 13k, 12k, 11k, 10k, 9k, 8k, 7k and 6k. Stops likely to hit at 5.9k Majority of liquidity is taken at 5.5k and 3k buyers don't get filled. Distribution is still...

reiiss7 Updated 

I've been looking at fractals from recent years, and if you look at the different coloured boxes you can see a lot of similarities. Essentially, price has a tendancy to fall under the Preliminary Support of the previous year's bull run, and rise back up again before falling again. We can see a 6.618 impulse down at 25629.96 on Coinbase. 6.616 impulses have been...

reiiss7

We had a drop this morning and I've measured the fibonacci impulse (different to standard fibs, I use these often). This may be a total guess, but as we know Grayscale is selling BTC right? The GBTC market price is $37.94 The 37.94 impulse reads $28128.14 ... 128 being a derivative of a shark harmonic pattern. I'm probably wrong but would be interesting if...

reiiss7

There will be plenty of buyers at 38k, 38.5k and 40k, but what if we drop straight to the start of the last leg? Plenty of liquidity here at 37.3k and the imbalance/imbalance that started the move. I will be opening a small LONG here and closing short as well. Let's see what happens! Some TP will be 40k, but we could drop straight here!