$ETH is the one i am keeping an eye on. Reclaim of Feb low will be a sign this wants to move up. I do not have any position on it, will wait for the reclaim.
Solana gave a nice move up when it reclaimed FEB low.
One of the biggest mistakes traders make is assuming that a bearish higher-timeframe chart means the market has to keep falling immediately.
That’s not how markets work.
A monthly or weekly chart can remain bearish while price rallies significantl on lower timeframe. Likewise, a bullish higher-timeframe chart doesn’t mean every day has to be green.
Higher timeframes provide context, not a schedule.
The real question is this:
If you believe the market could go lower eventually, should you ignore the opportunities that exist today?
Of course not.
Trading isn’t about proving your long-term prediction right. It’s about identifying high probability setups as they appear and managing risk accordingly.
Too many traders become obsessed with predicting the market’s final destination. In the process, they miss the opportunities the market offers along the way.
$BTC Hold this reclaim and i think it will move to $63000 - 64500, Could be higher but that's the first lower tf zone.
CRYPTO MECHANIC
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$BTC Sellers are struggling to push the price down. If bulls reclaim this zone and holds above ( $59500- $60k ) There is a chance this go for a relief.
$BTC Sellers are struggling to push the price down. If bulls reclaim this zone and holds above ( $59500- $60k ) There is a chance this go for a relief.
$BTC New Lows on Higher Timeframes I've been saying the same thing from the start: "As long as we don't see a shift in market structure, the odds of a new low remain high."
Now we've seen another break in market structure, with the weekly and monthly close below the previous lows. There are still no clear signs that the bottom is in. There will be countless rallies on the lower timeframes I’ve said that many times before. But when it comes to the higher timeframe structure, nothing has changed yet. That said, I do believe we're getting closer to the market bottom, and Bitcoin is entering a phase where long term buying opportunities will start to present themselves. We've already discussed three different strategies for accumulating Bitcoin for the next cycle:
Time-based Price-based Structure shift
I believe all three strategies will pay off well in the next cycle. The choice is yours decide which approach best fits your risk tolerance and investment style.