We are still holding our #DYDX position. The setup is still valid.
By the way, #1 trader by PnL on Binance is also holding some LONG position and keeps building
#BTC
Meanwhile, Bitcoin is forming an inverse H&S pattern!
Buying makes sense only after positive reaction on the support (neckline) happens
🤔🤔
#BTC 1M UPDATE
Bitcoin is currently stuck in the same range where it was at the beginning of 2022 (after the bullish cycle)
Usually, such corridors that used to serve as a distribution range on the way downwards, serve as a consolidation range on the way back upwards.
So, what I am trying to say is that we can stop in the $37,700 - $45,500 range for quite some time to accumulate powers before going further upwards
#BTC
Bitcoin is forming a Wyckoff Accumulation pattern on a 12H chart!
This is a bullish pattern, but before buying we need to get confirmation — reaching SOS point ($45,000 mark). The perfect entry will be on retest
As long as there is no confirmation, the setup can be invalidated at any moment
#ETH/BTC UPDATE
The price is retesting broken trend line which is definitely a bullish sign for Altcoins!
As you can see, we tried to break it two times before and succeeded on the third attempt!
Must bounce from there on bullish news regarding Ethereum ETF approval in Q2 2024
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#BTC UPDATE
The main support is $41,650, as long as the price stays above it, bulls run this party.
At the moment the price is stuck between $42,500 support and $43,900 resistance. The resistance is quite strong. Breakout of one will immediately send us to the $44,700.
In fact we are located inside the big horizontal channel ($37,000 - $45,000), I wrote about it in the 1M Update.
That's why Bitcoin might act a bit chaotic.
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#ETH/BTC UPDATE
The price is retesting broken trend line which is definitely a bullish sign for Altcoins!
As you can see, we tried to break it two times before and succeeded on the third attempt!
Must bounce from there on bullish news regarding Ethereum ETF approval in Q2 2024
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Buying some #DYDX here!
The price has broken through the $2.8 resistance level and taking hold there.
After some short consolidation, it must go upwards and break the Bullish Flag!
#BTC UPDATE
The price has returned above the $41,650 level and taking hold there. However, as long as we stay below the $42,500 crucial resistance, we can't talk about regaining bullish phase.
Chances of going below the $40,000 still exists. I would say that monthly candle closure will determine a lot
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❗️Buying #AVAX here as well, also breaking out of the Falling Wedge!
Seems that the season of #SOL - #AVAX - #INJ - #TIA is appearing.
#TIA
made +40% profit with x5 leverage so far, moving towards the second target.
Stop loss moved into breakeven zone.
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