XYZ
8.3K posts
Imagine if there was a system that tells you where the price might be in the future consistently with a high degree of accuracy in price and time...
Bitcoin: Final test of Bear Flag resistance incoming Then the next leg down begins History rhymes
$PEPE When you see an altcoin putting in a naked low, it lacks the accumulative strenght that is needed to deliver a sustainable reversal and therefore we monitor for deviations of the swinghigh for potential bearish reversal setups. When that move up towards the swinghigh is also creating high quality exhaustion with price taking the high while leaving all the lows in tact, it is setting up for an extremely high quality contextual environment for bearish reversals. Combine that with where the majors (like BTC) are currently located and you start to understand the high-probability environments we are in right now for massive #TCT opportunities. The drawing I am showcasing is not a 'must-happen' scenario. I am just following price action on the LTF and waiting for high quality confirmations --> if my drawing ends up developing, you best believe I will be positioned accordingly. And most importantly --> no confirmation = no trade, it can always search for swinghighs higher before reversing. It is a matter of when, not if.
$BTC I’d only get involved if you give me triggers like this The only move that can minimise the risk of scalping in low tmf
$ETH [update] Every day that price continues to progress, I become more confident in my thesis of a bearish rotation taking place and all the distribution models across the board getting completed. Price continues to build up sellside liquidity as it keeps deviating highs and/or mitigating supply. BTC has been pushing up on an increase in BTC.D and altcoins are barely able to make new highs, one small rejection on BTC will trigger the flush across the board and we will be positioned. Focus.
$BTC 78k lost, if it isn't reclaimed soon I think that will be it for the bullsih momentum for some time. I've been seeing exhaustion for some time now, BTC has kept pushing but I think we are finally ready for a downside move. I was kind of okay with the idea of $BTC blasting through 80k and then giga dumping, but if things keep looking like they look now, I think it will mix slow bleed + chop while losing levels. Reclaim 78k again + hold and then could see a tap of +80k, but I'm still bearish HTF and still would be a good short imo, exhaustion across the board.
$BTC 76s has been a key pivotal level for me the last several days - with the overnight singles at 77.5s capping price. Compression into and through the 75.7 level is a sign of continued weakness and opens up a thin pathway to 73s imo - currently positioned for downside as per the post from last week (see thread) Local support 75.7 Local resistance 77.5 Developing w-poc and daily developing d-poc 76.8 Worth marking out Mondays Lows as well... Cheers
The LTFs are showing of course a level of f**kery we didn't miss, but like I said days ago it was expected as the Chikou is still inside the Kumo and such things can happen. While it makes the decision to get out as it gets closer to the boundary of the cloud there can be some rejection, or a clean break. Certainly not a place to fool around, or where bulls enjoy a clean R:R. On top of that you can add the war catalyzer that can literally blow up to both sides. In other words, be careful and manage risk accordingly around this area. I'm hopeful for a continuation, but a short hedge must be in place for us. For now we have support at the Tenkan, and the Kijun below around 72/73K. Stay patient, focused, and disciplined. IKAGI/WP 👺