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The market is at a pivotal point now the #ETH shanghai upgrade is here.
#BTC || Lets first look at Bitcoin. Price has retraced to previous support, 28.8k. This is the first time this level is being tested after breaking down.
#ETH || For Ethereum it's a slightly different story. The pivotal area of 2k ish has already been tested once and price is having another go.
#ethereumshanghaiupgrade is here. What is it?
"The Shanghai upgrade, scheduled for April 12, will allow network validators to withdraw funds that have been locked to secure the network since Decembe
#ETH || For Ethereum it's a slightly different story. The pivotal area of 2k ish has already been tested once and price is having another go.
#ethereumshanghaiupgrade is here. What is it?
"The Shanghai upgrade, scheduled for April 12, will allow network validators to withdraw funds that have been locked to secure the network since Decembe
How to catch a trade on Bitcoin
#BTC || A break down how to catch a trade.
Market structure: We had a clear uptrend which is identified by new highs that are higher than the previous ones. And new lows that are higher than the previous ones.
Higher time frame point of interest: 28.880 on Binance chart is the pivotal point. That level was the previous higher timeframe range we lost. Now that price trades into that level we can expect at least some selling pressure.
Zoomed in on the point of interest we can see a bearish or
Market structure: We had a clear uptrend which is identified by new highs that are higher than the previous ones. And new lows that are higher than the previous ones.
Higher time frame point of interest: 28.880 on Binance chart is the pivotal point. That level was the previous higher timeframe range we lost. Now that price trades into that level we can expect at least some selling pressure.
Zoomed in on the point of interest we can see a bearish or
I'm Switching to Investor / Position trader mindset. Focusing on Higher timeframe moves the coming 6 months. My positions will always and forever be spot.
I will still chart sellers positions as you are used too.
I will still chart sellers positions as you are used too.
#ROSE || Don't sleep on this Layer 1, web3 and AI coin. Will be huge in #crypto2023 . But I'm patient. The next 3 months I'm expecting lower prices on many alts.
Bitcoin: A top down analysis
#BTC || What can we expect for Bitcoin the coming weeks?
New week. New weekly chart. A top down analysis. Last week we broke a major range from a high timeframe breaker block. This was also my reasoning for buying alts at that time. The pinbar reaction strenghtened my bias.
Currently we are trading within a weekly fair value gap. The longer term reaction remains to be seen. My target would be that weekly bearish order block as long as daily bullish structure remains intact. The daily bullish
New week. New weekly chart. A top down analysis. Last week we broke a major range from a high timeframe breaker block. This was also my reasoning for buying alts at that time. The pinbar reaction strenghtened my bias.
Currently we are trading within a weekly fair value gap. The longer term reaction remains to be seen. My target would be that weekly bearish order block as long as daily bullish structure remains intact. The daily bullish