Dmitriy V. I.
84 posts

Dmitriy V. I.
@dvi1998
Mechanical Engineer • Part time BTC trader


gmgm using less brain power this time around so just looking at the obvious points of interest and making sure I'm flowing with the trend/directionally correct fomc tonight which should be fun but sad it won't be with jerome hope you're all having a good week, see you tmr!





BTC Price kept moving up over the weekend and reached a level of interest for shorts. We have a macro support/resistance level here, the 1-hour trend tested from below, and some Fibonacci levels just above us with supply. Price is a bit below the key zone, so I cannot justify a short just yet. I will be a bit more patient and wait either for a market structure break or a further push higher. Waiting.





BTC Multi Time Frame Not many bullish arguments left. On the 1H, we lost the relevant trend and fully deviated back into the most recent range, losing the volume node too. Structure has turned bearish here locally as well. Price looks directed to take out a series of poor lows left on the way up from 59K. On the 12H, we remain range-bound, but the rejection at PoC has been pretty clear. RSI is losing the 50 level. I could see the macro value area giving some support, but it does not allow me to justify much on the long side. On the daily, the macro trend has turned bearish too. While I always felt that the lows down at 59K and 60K were not safe, I could have seen a bigger relief developing after the local range breakout. Now I have no arguments left, so I'm back to hunting for shorts and any possible bounce. Code 8L3XL5 for 2% off the eval if you want to try @breakoutprop breakoutprop.com









