Matt’s TA
$BTC hit the 200 daily ema (orange line) and the 50% level of the current dealing range. Want to see a clear break and most importantly close above these levels. To put a price label on it close above $86K. Key Areas/Levels of interest: - Election VWAP…
Daily close in 1.5h
$BTC trying to push above th 50% and close above the 200 DEMA
$BTC trying to push above th 50% and close above the 200 DEMA
BTC Continuation Long Setup
Scale into the long on the retracement or set your limit orders at a preferred price between the 84-86K range.
Good probability (not certainty) that we keep the uptrend alive so we’re aiming to catch a continuation entry on the higher low.
Key Levels to watch:
- 200 Day EMA
- Daily iFVG
- 50% Level of Tue Low -> Wed High
Scale into the long on the retracement or set your limit orders at a preferred price between the 84-86K range.
Good probability (not certainty) that we keep the uptrend alive so we’re aiming to catch a continuation entry on the higher low.
Key Levels to watch:
- 200 Day EMA
- Daily iFVG
- 50% Level of Tue Low -> Wed High
BTC & ETH retested all the mentioned key levels from above & holding support so far
GM - Quick Update on BTC & ETH
Currently still in my Long positions don’t see any form of invalidation of the HL being formed around these levels. Prepared for a potential sweep of yesterday’s low.
Stops below the outline range low.
BTC:
✅ Daily iFVG held yesterday
✅ Support within the golden pocket 50%-61.8% retracement
ETH:
✅ Tested the outlined support zone around $1,950
✅ Support within the golden pocket 50%-61.8% retracement
Currently still in my Long positions don’t see any form of invalidation of the HL being formed around these levels. Prepared for a potential sweep of yesterday’s low.
Stops below the outline range low.
BTC:
✅ Daily iFVG held yesterday
✅ Support within the golden pocket 50%-61.8% retracement
ETH:
✅ Tested the outlined support zone around $1,950
✅ Support within the golden pocket 50%-61.8% retracement
$2,090,000,000 WORTH OF BITCOIN
AND ETHEREUM OPTIONS WILL EXPIRE TODAY.
As the options contracts near expiration at 8:00 UTC today, Bitcoin and Ethereum prices are expected to approach their respective maximum pain points. According to BeInCrypto data, BTC traded for $84,414, whereas ETH exchanged hands for $1,977.
Based on Bitcoin and Ethereum’s put-to-call ratios, both below 1, call options (purchases) have a higher prevalence than put options (sales).
AND ETHEREUM OPTIONS WILL EXPIRE TODAY.
As the options contracts near expiration at 8:00 UTC today, Bitcoin and Ethereum prices are expected to approach their respective maximum pain points. According to BeInCrypto data, BTC traded for $84,414, whereas ETH exchanged hands for $1,977.
Based on Bitcoin and Ethereum’s put-to-call ratios, both below 1, call options (purchases) have a higher prevalence than put options (sales).
Hope everyone enjoyed their weekend! Update following soon🤝
Marked out entry / support levels ended up forming potential higher lows. Besides that the weekend has been rather uneventful 🤷♂️
Marked out entry / support levels ended up forming potential higher lows. Besides that the weekend has been rather uneventful 🤷♂️
Both long trade ideas shared on Friday currently in nice profit.
There’s still a chance this turns into a dead cat bounce and ends up turning into a lower high most likely followed by a lower low.
But for now the 4H bullish market structure remains intact.
There’s still a chance this turns into a dead cat bounce and ends up turning into a lower high most likely followed by a lower low.
But for now the 4H bullish market structure remains intact.