Cold Blooded Charter
X: @ColdBloodedONx
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$TAO 4-HR update
Long still fully active, almost a week in now, and today it’s trying to break out of the wedge with a target around $360. Major resistance sits at $286-287.
At $296 there’s another resistance zone, but also a potential double bottom breakout with a measured move target near $334.
A rejection back below the yellow 50 MA ($270) would be a red flag. As long as price holds above the green 200 MA ($278), structure remains very bullish.
Volume is increasing as well, so the odds of a wedge breakout are looking pretty solid.
👽💙
Long still fully active, almost a week in now, and today it’s trying to break out of the wedge with a target around $360. Major resistance sits at $286-287.
At $296 there’s another resistance zone, but also a potential double bottom breakout with a measured move target near $334.
A rejection back below the yellow 50 MA ($270) would be a red flag. As long as price holds above the green 200 MA ($278), structure remains very bullish.
Volume is increasing as well, so the odds of a wedge breakout are looking pretty solid.
👽💙
Cold Blooded Charter
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Ανατιμητική$TAO long at $264.
A Wyckoff-based long idea - it looks clearly close to the bottom of the MARKDOWN phase, meaning a deep correction that could be ending before a new cycle begins.
The minimum confirmation is already there: a higher low followed by a higher high on the 4H timeframe, which signals a bullish market structure shift.
Stop loss at $235.
No fixed TP for now, but if $BTC starts reversing the downtrend, then $TAO could show significant relative strength.
💙👽
A Wyckoff-based long idea - it looks clearly close to the bottom of the MARKDOWN phase, meaning a deep correction that could be ending before a new cycle begins.
The minimum confirmation is already there: a higher low followed by a higher high on the 4H timeframe, which signals a bullish market structure shift.
Stop loss at $235.
No fixed TP for now, but if $BTC starts reversing the downtrend, then $TAO could show significant relative strength.
💙👽
$OIL (12-HR chart)
Oil is falling; on TradingView the price shows $95.8, but I’m attaching the current state from other site - $90.5.
The entire oil chart looks exactly like the oldest Wyckoff scheme in the book - nothing new under the sun!
In March we had a Buying Climax below $113, exactly like in the schematic I overlaid on the chart. Now we’ve got news about a potential end of the war, but the structure literally predicted it 😆.
So the price on Monday morning / Sunday night on exchanges might open around $90 or even lower, or higher, but close to the $87-88 support zone that has been acting since the beginning of the Middle East conflict.
On top of that we have a bearish market structure shift - lower high, lower low. So below $85-88 we could start seeing a move down even 10%-15%.
Which would affect everything, shifting the environment more into risk-on than it is now. $BTC as well, potentially.
Unless Trump is bluffing again, then oil goes back toward $100+.
The situation is as tight as a drum, but I trust old Wyckoff more than Donald, so it still looks more like distribution ending.
💙👽
#oil
Oil is falling; on TradingView the price shows $95.8, but I’m attaching the current state from other site - $90.5.
The entire oil chart looks exactly like the oldest Wyckoff scheme in the book - nothing new under the sun!
In March we had a Buying Climax below $113, exactly like in the schematic I overlaid on the chart. Now we’ve got news about a potential end of the war, but the structure literally predicted it 😆.
So the price on Monday morning / Sunday night on exchanges might open around $90 or even lower, or higher, but close to the $87-88 support zone that has been acting since the beginning of the Middle East conflict.
On top of that we have a bearish market structure shift - lower high, lower low. So below $85-88 we could start seeing a move down even 10%-15%.
Which would affect everything, shifting the environment more into risk-on than it is now. $BTC as well, potentially.
Unless Trump is bluffing again, then oil goes back toward $100+.
The situation is as tight as a drum, but I trust old Wyckoff more than Donald, so it still looks more like distribution ending.
💙👽
#oil
$TAO / $BTC daily chart
With altcoins, it’s always worth watching the relative strength of a crypto versus $BTC , or even versus $ETH.
In TAO’s case, the long was taken on the higher low at support on this 1D $TAO /$BTC chart.
Now this is the key moment - whether it breaks out upward into independence from Bitcoin or not. If it does, it could easily push toward $330 and even $450+.
👽💙
With altcoins, it’s always worth watching the relative strength of a crypto versus $BTC , or even versus $ETH.
In TAO’s case, the long was taken on the higher low at support on this 1D $TAO /$BTC chart.
Now this is the key moment - whether it breaks out upward into independence from Bitcoin or not. If it does, it could easily push toward $330 and even $450+.
👽💙
Cold Blooded Charter
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Ανατιμητική$TAO long at $264.
A Wyckoff-based long idea - it looks clearly close to the bottom of the MARKDOWN phase, meaning a deep correction that could be ending before a new cycle begins.
The minimum confirmation is already there: a higher low followed by a higher high on the 4H timeframe, which signals a bullish market structure shift.
Stop loss at $235.
No fixed TP for now, but if $BTC starts reversing the downtrend, then $TAO could show significant relative strength.
💙👽
A Wyckoff-based long idea - it looks clearly close to the bottom of the MARKDOWN phase, meaning a deep correction that could be ending before a new cycle begins.
The minimum confirmation is already there: a higher low followed by a higher high on the 4H timeframe, which signals a bullish market structure shift.
Stop loss at $235.
No fixed TP for now, but if $BTC starts reversing the downtrend, then $TAO could show significant relative strength.
💙👽
$TAO long UPDATE on the 1D
The daily chart still looks very interesting. The breakout from the wedge pattern remains active, with a projected target around $450.
Bullish market structure overall — honestly looking stronger than $BTC on the 1D right now.
TP remains at $450. Optimistic? Sure. But why not.
Stop loss stays at $235, giving a very attractive R/R setup.
💙👽
The daily chart still looks very interesting. The breakout from the wedge pattern remains active, with a projected target around $450.
Bullish market structure overall — honestly looking stronger than $BTC on the 1D right now.
TP remains at $450. Optimistic? Sure. But why not.
Stop loss stays at $235, giving a very attractive R/R setup.
💙👽
Cold Blooded Charter
·
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Ανατιμητική$TAO long at $264.
A Wyckoff-based long idea - it looks clearly close to the bottom of the MARKDOWN phase, meaning a deep correction that could be ending before a new cycle begins.
The minimum confirmation is already there: a higher low followed by a higher high on the 4H timeframe, which signals a bullish market structure shift.
Stop loss at $235.
No fixed TP for now, but if $BTC starts reversing the downtrend, then $TAO could show significant relative strength.
💙👽
A Wyckoff-based long idea - it looks clearly close to the bottom of the MARKDOWN phase, meaning a deep correction that could be ending before a new cycle begins.
The minimum confirmation is already there: a higher low followed by a higher high on the 4H timeframe, which signals a bullish market structure shift.
Stop loss at $235.
No fixed TP for now, but if $BTC starts reversing the downtrend, then $TAO could show significant relative strength.
💙👽
$TAO long at $264.
A Wyckoff-based long idea - it looks clearly close to the bottom of the MARKDOWN phase, meaning a deep correction that could be ending before a new cycle begins.
The minimum confirmation is already there: a higher low followed by a higher high on the 4H timeframe, which signals a bullish market structure shift.
Stop loss at $235.
No fixed TP for now, but if $BTC starts reversing the downtrend, then $TAO could show significant relative strength.
💙👽
A Wyckoff-based long idea - it looks clearly close to the bottom of the MARKDOWN phase, meaning a deep correction that could be ending before a new cycle begins.
The minimum confirmation is already there: a higher low followed by a higher high on the 4H timeframe, which signals a bullish market structure shift.
Stop loss at $235.
No fixed TP for now, but if $BTC starts reversing the downtrend, then $TAO could show significant relative strength.
💙👽
$MSTR sell-off has started.
Bitcoin ETFs have been increasing the selling pressure since the beginning of the week..
Saylor probably made another stupidly timed buy on Sunday, and a pretty large one too, so $MSTR stock dropped hard from $177 when I wrote about it on Sunday to $164 currently, and it’s starting to look like a weak summer ahead.
Falling 200 MA ($216 currently), which should act as a strong dynamic resistance for months going forward. Full bear market in progress in my opinion.
From the technically interesting things on the daily chart — obviously the bearish harmonic BAT pattern, and on top of that a classic Rising Wedge breakdown with a target around $125.
That’s where it becomes worth buying for people who want leveraged $BTC exposure without using leverage.
👽💙
Bitcoin ETFs have been increasing the selling pressure since the beginning of the week..
Saylor probably made another stupidly timed buy on Sunday, and a pretty large one too, so $MSTR stock dropped hard from $177 when I wrote about it on Sunday to $164 currently, and it’s starting to look like a weak summer ahead.
Falling 200 MA ($216 currently), which should act as a strong dynamic resistance for months going forward. Full bear market in progress in my opinion.
From the technically interesting things on the daily chart — obviously the bearish harmonic BAT pattern, and on top of that a classic Rising Wedge breakdown with a target around $125.
That’s where it becomes worth buying for people who want leveraged $BTC exposure without using leverage.
👽💙
A bigger zoom on the 4-HR $BTC ..
Inside this larger rising channel there was also a smaller one, which I marked as a rising wedge, and that one already broke down with the target also at $72k, so TP 1 looks logical too.
Price bounced from the $77,600 support for now and also exactly from the midline of the main channel, so that’s a strong support area and logical as well, plus the 200 SMA on the 4HR.
To me everything points to this being the top, then the dead cat bounce retest, and after that another strong correction.
There could be a Sunday fake pump to $80k+ first, then potentially a retest of the breakdown from the rising wedge to the downside and that’s it.
👽💙
Inside this larger rising channel there was also a smaller one, which I marked as a rising wedge, and that one already broke down with the target also at $72k, so TP 1 looks logical too.
Price bounced from the $77,600 support for now and also exactly from the midline of the main channel, so that’s a strong support area and logical as well, plus the 200 SMA on the 4HR.
To me everything points to this being the top, then the dead cat bounce retest, and after that another strong correction.
There could be a Sunday fake pump to $80k+ first, then potentially a retest of the breakdown from the rising wedge to the downside and that’s it.
👽💙
Time to finally turn some $BTC bulls into steaks.
All the liquidations now below.
💙👽
All the liquidations now below.
💙👽
Cold Blooded Charter
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Υποτιμητική$BTC short still very much on.
And I love it when a veteran like Mr Peter Brandt chimes in supporting my thesis.
Come on Bitcoin, drop already stop testing my patience.
Also, the RISING WEDGE here is being tested on its lower trendline. $71k would be the target if broken down.
BTW, BTC #etf have been selling in the recent few days, finally.
💙👽
And I love it when a veteran like Mr Peter Brandt chimes in supporting my thesis.
Come on Bitcoin, drop already stop testing my patience.
Also, the RISING WEDGE here is being tested on its lower trendline. $71k would be the target if broken down.
BTW, BTC #etf have been selling in the recent few days, finally.
💙👽
$BTC short still very much on.
And I love it when a veteran like Mr Peter Brandt chimes in supporting my thesis.
Come on Bitcoin, drop already stop testing my patience.
Also, the RISING WEDGE here is being tested on its lower trendline. $71k would be the target if broken down.
BTW, BTC #etf have been selling in the recent few days, finally.
💙👽
And I love it when a veteran like Mr Peter Brandt chimes in supporting my thesis.
Come on Bitcoin, drop already stop testing my patience.
Also, the RISING WEDGE here is being tested on its lower trendline. $71k would be the target if broken down.
BTW, BTC #etf have been selling in the recent few days, finally.
💙👽
Cold Blooded Charter
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UPDATE: $BTC short position ($80820)
My most important position, because it’s the first and only trade so far for the @breakoutprop challenge. Obviously also on MEXC on my private account.
The main character here is obviously the Rising Channel, which $BTC has been respecting since the beginning of February.
And once again, if you see someone calling this channel a Flag, do yourself a favor and ban that person immediately. It cannot be a flag because flags last up to a month. This is what happens when people learn trading basics from courses written by guys with rented Bentleys in their profile pictures.
Inside this Channel, a lot is happening, and practically everything adds to my confidence that I have a good position betting on downside.
So let’s go step by step.
First of all, the rejection from the top of the channel with overheated RSI a few days ago. The natural target would then be a retest of the channel floor around $72k.
Next, during the rejection, a bearish harmonic pattern appeared, the AB-CD. These harmonic patterns are based on Fibonacci levels, and Fibonacci levels are used by algorithms, including institutional ones etc.
Then there’s the 200 SMA (the green descending curve at $82.8k) starting to converge with the channel ceiling. I really like confluences like that. By the way, a few days ago I moved my stop loss slightly above the 200 SMA.
If price pulls a trick and actually breaks out of this channel + the 200 SMA to the upside, then one of two things will happen: either it’s an ultra bullish move and we instantly blast to $85k or $86k, or it will be a fake breakout of the channel, a bull trap, followed by a quick move back into the channel.
In that case I’ll reopen the SHORT, although I probably won’t have time to post about it.
Either way, STOP LOSS is set with a small buffer above the channel & 200 SMA, exactly at $83750.
From the technical perspective, these are the strongest factors, but on lower timeframes there are also rejection signals appearing, bearish hidden RSI divergences, ugly candles, I like what I’m seeing right now.
Other things positive for the chances of this position: Bitcoin ETFs finally had 2 consecutive days of outflows after massive inflows, which had been worrying me.
The liquidation heatmap from the last month, attached below, shows there’s barely any reason to push higher because almost all the bears up there have already been liquidated, so now most of the liquidity to hunt sits below.
And the cherry on top: literally one day after I opened the SHORT, Saylor ( / $MSTR) opened the door to selling BTC for the first time. That’s a complete policy shift and a new motto — instead of “we will never sell a single BTC,” now it’s “we will sell, but buy even more.”
💙👽
The main character here is obviously the Rising Channel, which $BTC has been respecting since the beginning of February.
And once again, if you see someone calling this channel a Flag, do yourself a favor and ban that person immediately. It cannot be a flag because flags last up to a month. This is what happens when people learn trading basics from courses written by guys with rented Bentleys in their profile pictures.
Inside this Channel, a lot is happening, and practically everything adds to my confidence that I have a good position betting on downside.
So let’s go step by step.
First of all, the rejection from the top of the channel with overheated RSI a few days ago. The natural target would then be a retest of the channel floor around $72k.
Next, during the rejection, a bearish harmonic pattern appeared, the AB-CD. These harmonic patterns are based on Fibonacci levels, and Fibonacci levels are used by algorithms, including institutional ones etc.
Then there’s the 200 SMA (the green descending curve at $82.8k) starting to converge with the channel ceiling. I really like confluences like that. By the way, a few days ago I moved my stop loss slightly above the 200 SMA.
If price pulls a trick and actually breaks out of this channel + the 200 SMA to the upside, then one of two things will happen: either it’s an ultra bullish move and we instantly blast to $85k or $86k, or it will be a fake breakout of the channel, a bull trap, followed by a quick move back into the channel.
In that case I’ll reopen the SHORT, although I probably won’t have time to post about it.
Either way, STOP LOSS is set with a small buffer above the channel & 200 SMA, exactly at $83750.
From the technical perspective, these are the strongest factors, but on lower timeframes there are also rejection signals appearing, bearish hidden RSI divergences, ugly candles, I like what I’m seeing right now.
Other things positive for the chances of this position: Bitcoin ETFs finally had 2 consecutive days of outflows after massive inflows, which had been worrying me.
The liquidation heatmap from the last month, attached below, shows there’s barely any reason to push higher because almost all the bears up there have already been liquidated, so now most of the liquidity to hunt sits below.
And the cherry on top: literally one day after I opened the SHORT, Saylor ( / $MSTR) opened the door to selling BTC for the first time. That’s a complete policy shift and a new motto — instead of “we will never sell a single BTC,” now it’s “we will sell, but buy even more.”
💙👽
$CRWV (CoreWeave)
So, we’re fresh off the Q1 earnings report. The conclusion is that it wasn’t particularly positive overall. On the bullish side, revenue came in higher than expected, but operating costs were also much higher, while debt and massive capex continue to be major risks for investors.
Long term, none of this is really a surprise - it was already known that the company is expected to show its first real profits around 2028. Right now, this is still a massive investment story, but also one backed by huge support from industry leaders (high risk, high reward).
A lot has changed on the chart too. That damn Gartley did exactly what it usually does (it’s the strongest harmonic pattern, and this was obviously the bearish version - I warned loyally).
So once again, the same scenario played out - a very strong correction immediately after earnings. The price is currently hovering around $111, which is below the entry from a few days ago.
I basically nailed the exit almost at the exact top at $137. Maybe I just got lucky, because the wise men of this world keep saying it’s impossible to perfectly time tops.
And that technical analysis is just astrology for men. They’re probably right.
And the most important part of this post - fundamentally, nothing has really changed regarding CoreWeave. I still want it in my portfolio on the risky assets side, but I’m not going to rush into buying again.
I’ll trust the same pattern that helped me decide to fully exit the position. And the pattern is simple - the previous two earnings reports both triggered 5-week corrections.
There should be plenty of time.
For now, I’ve set alerts in case the price drops below $100, and I’ll likely start scaling in somewhere around the $88 - $94 range.
Marked on the chart with the yellow box.
💙👽
#coreweave #GPU
So, we’re fresh off the Q1 earnings report. The conclusion is that it wasn’t particularly positive overall. On the bullish side, revenue came in higher than expected, but operating costs were also much higher, while debt and massive capex continue to be major risks for investors.
Long term, none of this is really a surprise - it was already known that the company is expected to show its first real profits around 2028. Right now, this is still a massive investment story, but also one backed by huge support from industry leaders (high risk, high reward).
A lot has changed on the chart too. That damn Gartley did exactly what it usually does (it’s the strongest harmonic pattern, and this was obviously the bearish version - I warned loyally).
So once again, the same scenario played out - a very strong correction immediately after earnings. The price is currently hovering around $111, which is below the entry from a few days ago.
I basically nailed the exit almost at the exact top at $137. Maybe I just got lucky, because the wise men of this world keep saying it’s impossible to perfectly time tops.
And that technical analysis is just astrology for men. They’re probably right.
And the most important part of this post - fundamentally, nothing has really changed regarding CoreWeave. I still want it in my portfolio on the risky assets side, but I’m not going to rush into buying again.
I’ll trust the same pattern that helped me decide to fully exit the position. And the pattern is simple - the previous two earnings reports both triggered 5-week corrections.
There should be plenty of time.
For now, I’ve set alerts in case the price drops below $100, and I’ll likely start scaling in somewhere around the $88 - $94 range.
Marked on the chart with the yellow box.
💙👽
#coreweave #GPU
Cold Blooded Charter
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Update: – $CRWV (CoreWeave)
So, first of all, this was a beautiful entry, 20% on these shares within a few days in position (from $114 to $137).
Secondly, I’m closing here and now, at $137.
The reason is simple, tomorrow evening is the quarterly earnings report and I really don’t like holding these kinds of crazy pumps into earnings.
The previous two earnings (November 10 and February 26) ended with major corrections immediately after release, the February one dropped from around $100 to $70.
It’s always hard to close something that’s pumping, but this feels like the logical move, it would be much worse to give back profits and drop below entry, even though I’m still interested in the asset. So now I’ll be looking for a correction.
That’s what insiders are also betting on, they’ve been selling, and that’s basically the key argument for me. Even management has been selling shares recently, so I don’t want to try to outsmart that.
20% realized, now I’m looking for lower prices. It’s important not to buy a shallow correction a day or two later, or even a week – these types of corrections tend to play out over multiple weeks, especially on assets like this.
Technically, there is still a potential Gartley, which in the past has cost me a lot almost every time I ignored it. It’s not confirmed yet, because there’s no rejection, but it lines up suspiciously well with the timing of the earnings report, so I’m taking what’s earned and looking for new entries.
Also, volume has been declining a few weeks after the double breakout from the wedge and double bottom, which is another reason for the exit.
👽💙
So, first of all, this was a beautiful entry, 20% on these shares within a few days in position (from $114 to $137).
Secondly, I’m closing here and now, at $137.
The reason is simple, tomorrow evening is the quarterly earnings report and I really don’t like holding these kinds of crazy pumps into earnings.
The previous two earnings (November 10 and February 26) ended with major corrections immediately after release, the February one dropped from around $100 to $70.
It’s always hard to close something that’s pumping, but this feels like the logical move, it would be much worse to give back profits and drop below entry, even though I’m still interested in the asset. So now I’ll be looking for a correction.
That’s what insiders are also betting on, they’ve been selling, and that’s basically the key argument for me. Even management has been selling shares recently, so I don’t want to try to outsmart that.
20% realized, now I’m looking for lower prices. It’s important not to buy a shallow correction a day or two later, or even a week – these types of corrections tend to play out over multiple weeks, especially on assets like this.
Technically, there is still a potential Gartley, which in the past has cost me a lot almost every time I ignored it. It’s not confirmed yet, because there’s no rejection, but it lines up suspiciously well with the timing of the earnings report, so I’m taking what’s earned and looking for new entries.
Also, volume has been declining a few weeks after the double breakout from the wedge and double bottom, which is another reason for the exit.
👽💙
Update: – $CRWV (CoreWeave)
So, first of all, this was a beautiful entry, 20% on these shares within a few days in position (from $114 to $137).
Secondly, I’m closing here and now, at $137.
The reason is simple, tomorrow evening is the quarterly earnings report and I really don’t like holding these kinds of crazy pumps into earnings.
The previous two earnings (November 10 and February 26) ended with major corrections immediately after release, the February one dropped from around $100 to $70.
It’s always hard to close something that’s pumping, but this feels like the logical move, it would be much worse to give back profits and drop below entry, even though I’m still interested in the asset. So now I’ll be looking for a correction.
That’s what insiders are also betting on, they’ve been selling, and that’s basically the key argument for me. Even management has been selling shares recently, so I don’t want to try to outsmart that.
20% realized, now I’m looking for lower prices. It’s important not to buy a shallow correction a day or two later, or even a week – these types of corrections tend to play out over multiple weeks, especially on assets like this.
Technically, there is still a potential Gartley, which in the past has cost me a lot almost every time I ignored it. It’s not confirmed yet, because there’s no rejection, but it lines up suspiciously well with the timing of the earnings report, so I’m taking what’s earned and looking for new entries.
Also, volume has been declining a few weeks after the double breakout from the wedge and double bottom, which is another reason for the exit.
👽💙
So, first of all, this was a beautiful entry, 20% on these shares within a few days in position (from $114 to $137).
Secondly, I’m closing here and now, at $137.
The reason is simple, tomorrow evening is the quarterly earnings report and I really don’t like holding these kinds of crazy pumps into earnings.
The previous two earnings (November 10 and February 26) ended with major corrections immediately after release, the February one dropped from around $100 to $70.
It’s always hard to close something that’s pumping, but this feels like the logical move, it would be much worse to give back profits and drop below entry, even though I’m still interested in the asset. So now I’ll be looking for a correction.
That’s what insiders are also betting on, they’ve been selling, and that’s basically the key argument for me. Even management has been selling shares recently, so I don’t want to try to outsmart that.
20% realized, now I’m looking for lower prices. It’s important not to buy a shallow correction a day or two later, or even a week – these types of corrections tend to play out over multiple weeks, especially on assets like this.
Technically, there is still a potential Gartley, which in the past has cost me a lot almost every time I ignored it. It’s not confirmed yet, because there’s no rejection, but it lines up suspiciously well with the timing of the earnings report, so I’m taking what’s earned and looking for new entries.
Also, volume has been declining a few weeks after the double breakout from the wedge and double bottom, which is another reason for the exit.
👽💙
Cold Blooded Charter
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ΑνατιμητικήGoing thru my most recent entries (spot) and decided to update the $CRWV (Coreweave) quickly.
This one was posted a few days ago, and the price has made another big step in the right direction on the weekly.
We are seeing a DOUBLE BOTTOM breakout attempt which, in my book, confirms the FALLING WEDGE breakout. We are dealing with a combo breakout as I like to call it, and this is very early, one of those trades that often precede the most glorious pumps.
And, the most important bit, a full BULLISH market structure change as a higher high was put in following a higher low.
5% up in a few days, that's a solid start, but I'm in it for longer and expecting technical targets to be hit in the coming months.
Will be updating this one, and possibly look to increase exposure as this asset appeals to me a LOT in terms of fundamentals as well, not just charts-wise.
👽💙
Ps. If you are into trading stocks & investing, find me on X as I will be posting lots of setups like this one in the coming weeks, $BTC and crypto in general don't look attractive to me at the moment.
This one was posted a few days ago, and the price has made another big step in the right direction on the weekly.
We are seeing a DOUBLE BOTTOM breakout attempt which, in my book, confirms the FALLING WEDGE breakout. We are dealing with a combo breakout as I like to call it, and this is very early, one of those trades that often precede the most glorious pumps.
And, the most important bit, a full BULLISH market structure change as a higher high was put in following a higher low.
5% up in a few days, that's a solid start, but I'm in it for longer and expecting technical targets to be hit in the coming months.
Will be updating this one, and possibly look to increase exposure as this asset appeals to me a LOT in terms of fundamentals as well, not just charts-wise.
👽💙
Ps. If you are into trading stocks & investing, find me on X as I will be posting lots of setups like this one in the coming weeks, $BTC and crypto in general don't look attractive to me at the moment.
A few reasons why I entered a short on $BTC this morning.
Shorts from lower levels over the past 3 months (liquidation map below) have already been wiped out. From a liquidity perspective, the most logical move now is a significant move down — 75k and 70k as initial targets, and I think it could go much, much lower.
These are my first preliminary TPs.
Since February, we’ve been in a rising channel, which many amateurs call a bearish flag — but it’s not a flag. Flags are short-term structures, typically up to a month. I stick to classical definitions (Edwards/Magee — highly recommend their technical analysis textbook from the 1950s).
Right above this channel — whose upper boundary is currently being tested — we have another obstacle: the 200 MA (the green descending curve). The 200 MA is widely considered the line between a bear and bull market. Below it, the best setups are shorts; above it, longs tend to work best.
Additionally, I like the overheated RSI — currently at 83.7 — which fits the overall picture. Just look left on the RSI panel where I marked the horizontal level — that has almost always signaled local tops.
The only concern is that ETFs have been aggressively buying lately (see figure 3 below), but that’s not the most important factor. Institutions don’t buy the way retail does — they use OTC methods, so their flows often don’t immediately translate into price action.
That’s it for now before this post gets too long. If my stop loss at 82,555 gets hit, I’ll look for another short.
My macro thesis remains unchanged — bull markets don’t start in May after six months of decline, etc.
💙👽
Shorts from lower levels over the past 3 months (liquidation map below) have already been wiped out. From a liquidity perspective, the most logical move now is a significant move down — 75k and 70k as initial targets, and I think it could go much, much lower.
These are my first preliminary TPs.
Since February, we’ve been in a rising channel, which many amateurs call a bearish flag — but it’s not a flag. Flags are short-term structures, typically up to a month. I stick to classical definitions (Edwards/Magee — highly recommend their technical analysis textbook from the 1950s).
Right above this channel — whose upper boundary is currently being tested — we have another obstacle: the 200 MA (the green descending curve). The 200 MA is widely considered the line between a bear and bull market. Below it, the best setups are shorts; above it, longs tend to work best.
Additionally, I like the overheated RSI — currently at 83.7 — which fits the overall picture. Just look left on the RSI panel where I marked the horizontal level — that has almost always signaled local tops.
The only concern is that ETFs have been aggressively buying lately (see figure 3 below), but that’s not the most important factor. Institutions don’t buy the way retail does — they use OTC methods, so their flows often don’t immediately translate into price action.
That’s it for now before this post gets too long. If my stop loss at 82,555 gets hit, I’ll look for another short.
My macro thesis remains unchanged — bull markets don’t start in May after six months of decline, etc.
💙👽
$BTC has been eating up the accumulated liquidity from the last 3 months.
A.k.a - short-squeezing.
What comes after, I guess we will have to see.
Still holding a SHORT position, added some, stop loss $82555, if it gets triggered, I will keep looking to open a new short, most likely.
💙👽
A.k.a - short-squeezing.
What comes after, I guess we will have to see.
Still holding a SHORT position, added some, stop loss $82555, if it gets triggered, I will keep looking to open a new short, most likely.
💙👽
Going thru my most recent entries (spot) and decided to update the $CRWV (Coreweave) quickly.
This one was posted a few days ago, and the price has made another big step in the right direction on the weekly.
We are seeing a DOUBLE BOTTOM breakout attempt which, in my book, confirms the FALLING WEDGE breakout. We are dealing with a combo breakout as I like to call it, and this is very early, one of those trades that often precede the most glorious pumps.
And, the most important bit, a full BULLISH market structure change as a higher high was put in following a higher low.
5% up in a few days, that's a solid start, but I'm in it for longer and expecting technical targets to be hit in the coming months.
Will be updating this one, and possibly look to increase exposure as this asset appeals to me a LOT in terms of fundamentals as well, not just charts-wise.
👽💙
Ps. If you are into trading stocks & investing, find me on X as I will be posting lots of setups like this one in the coming weeks, $BTC and crypto in general don't look attractive to me at the moment.
This one was posted a few days ago, and the price has made another big step in the right direction on the weekly.
We are seeing a DOUBLE BOTTOM breakout attempt which, in my book, confirms the FALLING WEDGE breakout. We are dealing with a combo breakout as I like to call it, and this is very early, one of those trades that often precede the most glorious pumps.
And, the most important bit, a full BULLISH market structure change as a higher high was put in following a higher low.
5% up in a few days, that's a solid start, but I'm in it for longer and expecting technical targets to be hit in the coming months.
Will be updating this one, and possibly look to increase exposure as this asset appeals to me a LOT in terms of fundamentals as well, not just charts-wise.
👽💙
Ps. If you are into trading stocks & investing, find me on X as I will be posting lots of setups like this one in the coming weeks, $BTC and crypto in general don't look attractive to me at the moment.
A friendly reminder that #Bitcoin BEAR MARKETS never last half a year only, the last one, from 2021 ATH lasted a full year a put in a beautiful CUP&HANDLE.
And that CUP&HANDLE gave us a target which hit like a dream.
Patience is key. Still in a SHORT, will update properly tommorow on shorter timeframes and the strategy to trade this.
👽💙
$BTC
And that CUP&HANDLE gave us a target which hit like a dream.
Patience is key. Still in a SHORT, will update properly tommorow on shorter timeframes and the strategy to trade this.
👽💙
$BTC
$BTC with a DOUBLE TOP breakdown on 1hr, and a RISING WEDGE breakdown on 4hr..
Things are about to get brutal.
STOP LOSS: $82500
TAKE Profit 1: $70500
Sell before May and go away.
👽💙
Things are about to get brutal.
STOP LOSS: $82500
TAKE Profit 1: $70500
Sell before May and go away.
👽💙
Forget $BTC as it's about to crash... $NVidia has been breaking out nicely and showing immense strenght versus Mag7.
What more do you need.
Long position taken, SL below $200.
First partial TP: $260. Then we re-valuate.
Massive respect to @TechCharts for posting the NVDA/MAGS inverse Head&Shoulders chart showing a breakout. Give this encyclopedia of a man a follow.
👽💙
#NVIDIA
What more do you need.
Long position taken, SL below $200.
First partial TP: $260. Then we re-valuate.
Massive respect to @TechCharts for posting the NVDA/MAGS inverse Head&Shoulders chart showing a breakout. Give this encyclopedia of a man a follow.
👽💙
#NVIDIA
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