cryptevo

@CastilloTrading hope to hell i'm wrong, but volume is dropping off a cliff since the 11/7 peak. To me this looks like another complacency shoulder.

$ZEC gunning for ATH's break here. I feel bad for anyone trying to short this over $BTC.

@eliz883 Regardless of the TF you trade, simply marking off 4H/1D supply and demand areas is more productive than 95% of indicators.

Newbies who use indicators and 10 screens make you believe that trading is like this! Forget the pussies with dreams of glory! it's the exact opposite! The more you make things simple, the more over time with a lot of experience you will outperform the 99% out here! AMEN

@IncomeSharks this time may very well be different, but historically a bearish div in TSV with price up against resistance usually leads to a dump. i don't think we're talking $50ks type of dump, but a pullback at least. Right now facing these types of divs on the 4H/1D.

#Bitcoin - Good breakout and re-test. We spent most of the year in a downtrend and finally seeing strength for a reversal. Dotted line is the last thing stopping it from going higher.

@CredibleCrypto Per usual in CT dialogue, it's confusion w/the TF you're bullish in. I would say very, very few zoom out to the yearly TF like you to define what's bullish. Any TF lower than that has long been objectively bearish, it's really that simple. All peeps have to do is unfollow 😂

Another month down and was nearly a perfect one. 18 total positions, 17 wins, 1 loss. What's interesting is that despite people screaming at me this entire month for being "bearish" I actually took more longs than shorts this month (10 longs, 8 shorts). Kind of represents current sentiment right now where if you are anything but non-stop bullish you are met with anger and frustration. Meanwhile, we just keeping playing the range until it breaks.

@CastilloTrading Alts are frontrunning BTC with that exact same structure and have already broken through support. My money is on a BTC breakdown.

Support still supporting. $66,000 next ? $BTC #Bitcoin

@CredibleCrypto @RamaLamaZilla @Cryptonaut111 Not a big MA guy, but for most users I'd just keep it simple. Put a 322 pd HMA and a 200 pd EMA on the 1D Heikin Ashis. If green w/no wicks and both MAs are bullish, it has a nearly perfect track record. Absent nuke, prolly a few days away from 1st bull flip since 10/2023 🤷

@RamaLamaZilla @Cryptonaut111 Yea I think if we reject and head down from here best chance we have at holding for another push higher is at 60-61k. Lose that and we are probs headed to the lows.

The image below is actually very important and it's a point I've made before regarding market structure. The idea of what constitutes a "higher high" or "break in market structure" is subjective and varies depending on who you ask. Many on CT have recently proclaimed that the move above 65k today is a bullish break in market structure and use this as an argument for why a break of the 5-6 month range we have been stuck in is imminent/likely. The argument is that this "break in structure" is what makes this rally different from the last 4-5 within this range. As you can see below, there is an opposing argument to this idea that argues that the move above 65k is not a true shift in market structure. For me, I use two criteria to determine if a break of a local swing high or low is significant in terms of a shift in market structure: 1. Did the break of the swing high/low occur by an impulsive move up/down? OR 2. Was the swing high/low that was broken part of an impulsive move to begin with? If either of these criteria are met, then the break is significant and an important shift in structure. If neither of the above criteria are met then the break is not significant, and/or just part of further ranging/chop. In our case today, the move above 65k was not an impulsive move and the highs at 65k were not part of an impulsive move down, so the fact that we cleared them doesn't mean much imo.

@CredibleCrypto i suppose one of the differences b/w now and prior flame outs is that you now have market structure on several major BTC-leading alts showing HTF breakouts. Could end up as deviations, of course, but could also be the canary in the coal mine people want for a sustained BTC move.

Morning folks, no change to the ideas shared earlier. We are now almost at the line in the sand for the first bearish scenario to play out- that is the "triple tap" top that I discussed in my last Youtube vid. If we clear the highs to our left, then we still most likely reject slightly higher, under 70k. As I've said many, many, times simply moving "up" does not make a move impulsive and the current move does not look impulsive at all imo. Meanwhile, OI has hit the highest levels it's been at since August when we were at 63k before we plunged to 49k...

@AltcoinSherpa hasn't flipped the 1D 200 yet, was hard rejected at the 2Q close, and volume plummeting. Although flipping the 4H 200 is a good start. We'll see.

$FET: lots of ways this can go. I think buying around $1.15-1.20 seems decent; lots of confluence w. that level with EMAs + S/R + fib. Still, its important to remember this is still in a bearish market structure and we haven't seen a true trend change...yet

@Timeless_Crypto The failure to reclaim even the 4H 200 EMA, let alone the 1D 200 EMA, was pretty telling. Not to mention plummeting volume. Back down to at least the $55ks.

Bulls have had the week We will run it down with one day to go in the trading week I feel the unwind coming I round tripped a bit this week Will just have to make sure when we catch it, we catch it Leaning bearish intra-day #BTC

@astekz still pressed below the 1D and 4H 200 EMA, with plummeting TSV on the 4H and 1H. Doesn't look like we're breaking the structure just yet.

@ShardiB2 down we go on the LTF. TSV has such a good track record.

@ShardiB2 at the 4H 200 EMA plus the 1H TSV has significantly diverged with price. Definitely at least a LTF pullback in the works, hopefully limited.

It would be nice if this stopped happening $BTC

@IncomeSharks at the 1D 200 EMA now and with a significant imbalance with the 1H TSV. hopefully just a LTF pullback en route, but stops up moved up for sure

$FET - Breaking the downtrend. Just had to be really patient waiting for an entry like this.

@ShardiB2 1H TSV out of whack with price action, this is likely a LTF complacency push, but fingers crossed!

Oh yeah, today is a new day! At resistance here $BTC

@Nebraskangooner yup. not a big MA person, but i like throwing the 60, 322, and 870 HMA on the 1D Heikin chart now and then for a simple, fast, and nearly 100% accurate view of decisive trend shifts. HTF players can simply stay out until we're back above all three.

Many altcoins lost the 99smma on daily time frame in the last couple of months. BTC lagging.

🚨 #Bitcoin Gooner EMAs are showing a bearish trend on the daily chart for the first time in 12 months❗

@BigCheds barely get a blip of relief on the 5 min right now, let alone the higher TFS

$BTC 1H 4H no relief yet with price at well defined daily range lows

@CryptoGodJohn is there any reason not to immediately convert to ANYONE? they haven't explained it very well IMO

$ATOR / $ANYONE one of my favorite holds for mid to long term Buying down here is easy money for what’s to come

@i_am_jackis BTC's PA right now is literally verbatim to INJ's PA from a few months ago. Hopefully the fractal invalidates, otherwise should be another leg down coming. Very few LTF/MTF indicators look bullish.

#Bitcoin has lost a key structure as it deviated above the previous cycle ATH with a confirmed bearish structure below You'll see lots of people get insanely bullish on a liquidation bounce, into a resistance, over a weekend move, and on LTF fractals As I keep on reminding, the macro trend remains bullish but locally, until we either: 1) Reclaim the structure 2) Hit HTF support The macro trend got paused with a MTF correction Hold no biases, see it for what it is. #BTC is entering a decade of a major world S-curve adoption but it won't be a straight line upwards

@eliz883 4H TSV plummeting + price at horizontal resistance + 200 Daily EMA/SMA strongly suggests at least more LTF dumps

👌 this level is key

@CryptoGodJohn @CryptoWizardd daily bull div for INJ/USD on the TSV, one of my favorite and most reliable indicators, while resting on support. fingers crossed.

@CryptoWizardd Check INJ/BTC ✍️

Think $INJ forming a bottom here