TimMILLionS
5.2K posts
@InfoChris1996 Pullback are normal- not expecting new lows on CRV. x.com/CredibleCrypto…
CrediBULL Crypto@CredibleCrypto
@Marcgrijpink If we get a BTC rejection and pullback from this HTF supply zone then yes everything likely to pull back a bit with it but alts like CRV are not in the same position as alts like HBAR (for example CRV has already swept its LTF range lows while HBAR has not).
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$BTC pulling back a bit here and approaching our first downside target.
CrediBULL Crypto@CredibleCrypto
Technically still holding our MTF range highs but this is starting to look a bit like a potential deviation above those highs. Lots of untapped/equal lows below so might be time to grab some liquidity below. Let's see what the coming days bring but be aware of the potential for a pullback across the board (remember we are up against HTF supply). bitcoin:native
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@decodejar Thx. I think we have a run at closing more of the WTF FVG 79.3kto 86k then perhaps we correct (liquidation style trapping late lingers).
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@kyledoops And the sec case against ripple was dropped and ....
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Big moment for crypto regulation 👀
The CLARITY Act officially advanced out of the Senate Banking Committee in a bipartisan 15-9 vote.
$BTC immediately reclaimed $82K as markets reacted positively.
Next major battle: the full Senate.
Kyledoops@kyledoops
The CLARITY Act vote at 10:30 AM ET is probably the biggest thing crypto markets are watching today 👀 Momentum is clearly building, but people should stay realistic here. Getting through committee is one thing. Getting through the full Senate before midterms is the real battle.
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@zoomerfied And BTC drops $600. I remember when the sec dropped the xrp case and the reaction was not as expected either. Great step forward don't get me wrong but....
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@TraderJBx Nice little impulse on 15min TF into a 3rd wave completion too but two pics of a bit of a concern for me ...
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$BTC
Two failed attempts to break below February’s high, no rejection from the 1D inefficiency, price is once again pushing back into the $80k–$97k range, Clarity Act markup today.
This is looking very good, ngl.
#Bitcoin
TraderJB@TraderJBx
3/3 reading the footprint ✅ $BTC bounced to 81.3k immediately after the quoted post, but showed no real conviction reclaiming 80.6k. February’s high (79.4k) needs to hold if bulls want any continuation. Failure here opens the door to a deeper correction. #Bitcoin
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I haven't posted an update on $HBAR in a while because I covered it in my last Youtube vid on alts and nothing has changed- we are still about 20% above the area of interest on the HBAR/BTC chart which is when I think the $HBAR USD pairing will be ready for liftoff.
With that being said, we can see that on the USD pairing we are technically re-testing our HTF accumulation zone.
I am currently watching a potential lower TF range (in blue) and I think that before we see the next expansion phase we are likely to see those range lows again.
That level is currently about ~23% below where we are today and considering the HBAR/BTC pairing area of interest is also ~20% lower than we are today- it seems quite likely that this zone will be met at some point or another.
A 10% $BTC pullback from our HTF supply zone (which we are still battling) would almost guarantee this zone is met imo.
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@decodejar What be really cool is if you could look at the historical movement of BTC as we progress from one bar to the next. My gut feeling is that BTC has significant moves.
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$BTC update:
Price pushed up to a new high and hit retail's short stop-losses🔨
Although price is overextended, I don't see momentum shifting just yet. I'm sidelined for now waiting for a trade:
A) Signs of exhaustion: short
For this I need to pay attention to the volume. I do really want to see one last big green candle with a lot of volume which would indicate that the MM is selling most of his position. And that's when red candles will follow to restore balance in the chart and correct to the 4H50EMA to fix the current price overextension.
B) Sideways consolidation at 1H/4H EMAs: long to 1W50EMA
"Acceptance above an area" comes from a solid retest/consolidation of said area.
I don't want to long and that the case A happens straight after. So for that I need to see price stop pushing higher and simply HOLD here, wait for EMAs to catch up to price and then it can continue running up in a sustanaible way. If this happens, it could take days and form a trade for next week.
Conclusion:
Personally, mostly waiting for A) case to happen to trade again this week since it could happen today or tomorrow. Ideally it continues pushing straight higher without any exhaustion signs and it will overextend price even more so the short will be more atractive and worth it when we see those signs at higher prices.
Case B) should take longer to form and it's interesting, but again, probably for Friday or next week. Not a trade for today or tomorrow like potentially case A)
I'll keep you updated!
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@CredibleCrypto Thx. I'm leaning towards a whipsaw $82k to $75 flush to rinse both sides imo
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@TimstaMills Funding has been negative so not concerned- could actually signal a short squeeze is likely.
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So far, Bitcoin looks solid.
Continues to grind up into HTF supply on negative funding and a relatively strong spot premium- this looks like a healthy grind up.
I would not be keen on shorting this move despite us being at HTF supply- no clear/pbvious signs of weakness yet.
$BTC
CrediBULL Crypto@CredibleCrypto
Just barely avoided our "local inval" on the last move down and now approaching local highs again. I do think our macro bottom is in. However I also recognize that we are approaching the most logical HTF zone for a rejection now (80-100k) and without clearly impulsive PA it's also possible we have to settle in for a bit more chop on a potential initial rejection off of 80k+. Keep your wits about you folks, a little more patience will go a long way imo. $BTC
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🚨CRITICAL week for #BTC as it comes up and finds resistance. This next level is everything and solidifies #Bitcoin mid-long term price trajectory.
NO, this is not bullish- this is extremely bearish.
1. Last low ($60k)- extremely bearish RSI
2. NO bullish divergence- failed 5th
3. Only retraced 50%, not enough to break resistance or push to new ATH.
4. Corrective structure, not impulsive, not a new trend
These are just some of the reasons why #BTC is likely forming the end of macro Wave B. I've explained the implications of this MANY times! Watching the charts very closely- will keep you updated as it develops!
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@decodejar "Bearish counts ... the bottom is in." - Positioned for both, but my head is saying larger ABC whilst heart is say flat and bottom is in. I'm torn.
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Bitcoin has now technically overlapped the Nov lows, even though by just a hair, so Elliott Wave counts looking for 'one more low' within the same impulse are dead. Bearish counts are now limited to larger corrective ABC structures where Bitcoin has room to go higher first, or it's a flat correction that started in Jan 2025 and the bottom is in. Over the course of the past two months I've looked at various alternate counts, bullish and bearish, but never found one compelling enough to take the place of the Primary count, which has stayed the same and has been locked in since November.
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$80,000 looks good on the Bitcoin squiggles. Have used the same chart since February. OBV looks good.
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@PrecisionTrade3 Still think it's gonna trap more shorters here who think it's done as it makes one more push north. Yes?
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@CJ900X Many thanks. Do those marked grey zones coincides with FVG's? Thx
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$BTC
Gm.
I don't have an overly strong opinion on BTC here, just some observations:
- Trading into the Mid-Range after stair stepping up from 64k across April.
- Managed to close the monthly **ABOVE** March high, which is +1 to the bulls.
- Did not close the monthly above Feb open though, which would have been my automatic *we are so back* signal.
Looking at the VWAPs, it makes sense that ~84k is within reach. Next significant range level is around 88.4k if we can reclaim the mid-range as support.
Contextually, it's impressive that we held across the geopolitical situation across March and April, but also less impressive that its been a slow grind up considering Indices have put in new ATHs.
I'll be looking for intra-week trades and day trades as per usual, but in terms of HTF I don't have too strong a bias or opinion here. While I think we eventually rinse the higher lows that we've built up across April, no point calling that while we're compressing into 78k region. I'd need to see us fail here, or reverse another push. Otherwise, will be expecting more of the same until there's a reason to think otherwise.
Not sure how useful this post is, but when I post my intraday or intraweek trades, ppl always ask about my HTF views, so here it is.
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@CredibleCrypto It's that little last piece where RSI escaped the green zone to then hover over it for months that's concerning. I'm super tired of this current market.
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Looking like the 40 RSI level will nail it again.
That makes it 8/8 or 100% success rate since Bitcoin's inception.
At some point this will fail (during the next secular bear market most likely), but I don't think that time is now.
$BTC
CrediBULL Crypto@CredibleCrypto
The 40 RSI level on HTF has been relevant in a number of markets as a key level at which point we often see market bottoms during secular bull markets. This has been true since inception on Bitcoin. It has been true for the SPX since 1979 with the exception of the crashes of 2000-2008 which were larger degree/secular bear markets. We are once again at this relevant range on RSI for Bitcoin for the 7th time in history. This does not mean that we MUST reverse here- it is just another confluent factor to consider in the broader context of where we are at this time. I've talked about this metric for a long time now, such as the quoted post below on the SPX in 2022 that also marked our bottom. $BTC
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