Last week, it broke through the Range High (71200) and successfully closed above it.
69K - 71K shifted from Supply to Demand.
Scenario 1: If BTC closes above 79.5K, which is above the 0.5 level of the 60K - 98K fibo, then BTC will experience rapid expansion.
Scenario 2: If BTC closes below the Range High (71200) again, at least BTC will retest the important liquidity below that hasn't been tested (62K, 60K).
ETH Weekly Analysis:
ETH is relatively stronger compared to BTC, which can be seen from the ETHBTC pair.
2.1K - 2.2K shifted from Supply to Demand.
Scenario 1: If ETH closes above 2.57K, then ETH will experience rapid expansion.
Scenario 2: If ETH closes below the Range High (2.1K) again, at least BTC will retest the important liquidity below that hasn't been tested (1.79K, 1.74K).
ETHBTC Weekly Analysis:
The ETHBTC pair has two layers of meaning:
1. The strength and weakness of ETH relative to BTC.
2. If ETH is strong relative to BTC, then altcoins excluding ETH are likely to experience a wave of expansion. Conversely, the opposite is also true.
Last week's weekly close was above the ETHBTC consolidation area Range High, indicating that ETH remains strong against BTC. We need to closely monitor this momentum.
Post from April 13. Now let's validate, everything is just getting started. #山寨
Set your stop-loss, then: patience, patience, patience.
$DOGE $CRV $ADA and altcoins.
不懂交易的猫
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Bullish
$DOGE $CRV $ADA and AVAX and other weekly-level extreme compressions. {future}(ADAUSDT) {future}(CRVUSDT) {future}(DOGEUSDT)
Since the crash on February 6, the overall market for altcoins has basically been fluctuating within a range.
For example, DOGE and CRV are currently in extreme compression of a triangular pattern. For example, ADA and AVAX are consolidating and compressing at the low point of the previous bear market range.
These coins do not have the same liquidity in the order books as BTC and ETH. Therefore, if a direction emerges after extreme compression, the momentum will also be significant (which means it is very easy to pump the price).
Stop-loss point: Maintain the consolidation/triangle compression area, at the lowest point (also be aware of false breakouts below the lowest point).
Of course, don’t fantasize that altcoins can surge by X times.
There are many such coins, and everyone can take a look, but it is still recommended to find coins ranked within the top 100 or 50.
The analysis from Monday shows that the weekly charts for BTC and ETH are at a turning point. From the ATH to the temporary bottom in February, it seems like we've got some relief.
We're currently approaching a local top.
BTC: (78K-82K).
ETH: (2.5K - 2.6K).
Local lows:
BTC: 71-72K
ETH: 2.1 - 2.2K
These levels are not just buy zones for $BTC and $ETH , but also key buy points for relevant altcoins.
Last week, it broke through the Range High (71200) and successfully closed above it.
69K - 71K shifted from Supply to Demand.
Scenario 1: If BTC closes above 79.5K, which is above the 0.5 level of the 60K - 98K fibo, then BTC will experience rapid expansion.
Scenario 2: If BTC closes below the Range High (71200) again, at least BTC will retest the important liquidity below that hasn't been tested (62K, 60K).
ETH Weekly Analysis:
ETH is relatively stronger compared to BTC, which can be seen from the ETHBTC pair.
2.1K - 2.2K shifted from Supply to Demand.
Scenario 1: If ETH closes above 2.57K, then ETH will experience rapid expansion.
Scenario 2: If ETH closes below the Range High (2.1K) again, at least BTC will retest the important liquidity below that hasn't been tested (1.79K, 1.74K).
ETHBTC Weekly Analysis:
The ETHBTC pair has two layers of meaning:
1. The strength and weakness of ETH relative to BTC.
2. If ETH is strong relative to BTC, then altcoins excluding ETH are likely to experience a wave of expansion. Conversely, the opposite is also true.
Last week's weekly close was above the ETHBTC consolidation area Range High, indicating that ETH remains strong against BTC. We need to closely monitor this momentum.
Last week, it broke through the Range High (71200) and successfully closed above it.
69K - 71K shifted from Supply to Demand.
Scenario 1: If BTC closes above 79.5K, which is above the 0.5 level of the 60K - 98K fibo, then BTC will experience rapid expansion.
Scenario 2: If BTC closes below the Range High (71200) again, at least BTC will retest the important liquidity below that hasn't been tested (62K, 60K).
ETH Weekly Analysis:
ETH is relatively stronger compared to BTC, which can be seen from the ETHBTC pair.
2.1K - 2.2K shifted from Supply to Demand.
Scenario 1: If ETH closes above 2.57K, then ETH will experience rapid expansion.
Scenario 2: If ETH closes below the Range High (2.1K) again, at least BTC will retest the important liquidity below that hasn't been tested (1.79K, 1.74K).
ETHBTC Weekly Analysis:
The ETHBTC pair has two layers of meaning:
1. The strength and weakness of ETH relative to BTC.
2. If ETH is strong relative to BTC, then altcoins excluding ETH are likely to experience a wave of expansion. Conversely, the opposite is also true.
Last week's weekly close was above the ETHBTC consolidation area Range High, indicating that ETH remains strong against BTC. We need to closely monitor this momentum.
BTC is currently consolidating at a high level, and some altcoins have already started to rise, with some of the coins I shared this past Monday beginning to do so. For example: DOGE.
If BTC can continue to consolidate at a high level, then some altcoins still have a good chance.
Currently, the focus is on the two currencies CRV and ADA, both of which broke through the accumulation area below yesterday.
If they can hold the Range Low, there is a high probability of seeing a decent increase.
Suggestion: Use low leverage or spot trading for buying.
不懂交易的猫
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Bullish
$DOGE $CRV $ADA and AVAX and other weekly-level extreme compressions. {future}(ADAUSDT) {future}(CRVUSDT) {future}(DOGEUSDT)
Since the crash on February 6, the overall market for altcoins has basically been fluctuating within a range.
For example, DOGE and CRV are currently in extreme compression of a triangular pattern. For example, ADA and AVAX are consolidating and compressing at the low point of the previous bear market range.
These coins do not have the same liquidity in the order books as BTC and ETH. Therefore, if a direction emerges after extreme compression, the momentum will also be significant (which means it is very easy to pump the price).
Stop-loss point: Maintain the consolidation/triangle compression area, at the lowest point (also be aware of false breakouts below the lowest point).
Of course, don’t fantasize that altcoins can surge by X times.
There are many such coins, and everyone can take a look, but it is still recommended to find coins ranked within the top 100 or 50.
The script for $ETH is as follows (👇 check my previous post):
PS: It's not always right, but you can analyze it based on skills and experience.
PSS: Everything is a probability, and risk control must be implemented.
不懂交易的猫
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Bullish
$ETH Market Analysis:
In the backdrop of a bear market, remember that in a bear market, we primarily short on rallies, and in a bull market, we primarily long on dips, following the trend.
$ETH has returned to the range after a false breakout (1820-2167) previously.
There is a high probability long entry point around 1960, with a stop loss placed below 1907.
Here are the confluence points: 1. POC 2. 1D OB 3. 0.618/0.66
On the upside, there is a significant demand zone around 2500, where shorting can be executed.
The confluence points in this area: 1. Multi D HOB 2. Quarterly line/0.5 3. M HOB / 0.705
{future}(ETHUSDT)
(The white line in the chart represents the ideal state⬇️)
According to the weekly analysis, ETH has stabilized and reached the 2400 area yesterday, which has alleviated some of the liquidity above.
Ideally, there will be a pullback now, and then it will again seek to grab liquidity around the 2500 price.
Convergence Points: Major level fibo 0.382 + multiple H level HOB + D level OB.
不懂交易的猫
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Bearish
$BTC Weekly Analysis: #BTC走势分析
{future}(BTCUSDT)
Last week's range high point had another SFP (false breakout).
This indicates that against the backdrop of a bear market, upward movements are prone to failure or may only be temporary rises.
Trading within the range requires caution, as the market is significantly influenced by geopolitical factors, leading to high volatility; range trading is often stopped out.
Scenario 1: The key point above is the previous high SH (76K), where there is a large amount of liquidity. Scenario 2: If the upward movement is blocked and the range high (71690) is retested, it will continue to decline.
If the market rises online, it is likely necessary to first obtain the two key liquidity points below.
Key liquidity point 1: 62471 Key liquidity point 2: 60118
If the above two key liquidity points are obtained, followed by a false breakdown, the market will experience a significant upward movement.
$ETH Weekly Analysis: #ETH走势分析
{future}(ETHUSDT)
ETH is relatively strong compared to BTC. Last week, it stabilized at the range high.
However, I still wonder if ETH will have an independent market during this phase? I think it likely will not.
ETH's consolidation trend is still consistent with BTC.
Scenario 1: If BTC breaks the previous high, ETH will also break its previous high and enter the key area (2.4K - 2.5K).
Scenario 2: If BTC falls back within the range, ETH will also follow BTC back into the range (Range High: 2157).
ETH also has two key liquidity points below:
Key liquidity point 1: 1800 Key liquidity point 2: 1742
Similar to BTC, if the above two key liquidity points are obtained, followed by a false breakdown, the market will experience a significant upward movement.
$DOGE $CRV $ADA and AVAX and other weekly-level extreme compressions.
Since the crash on February 6, the overall market for altcoins has basically been fluctuating within a range.
For example, DOGE and CRV are currently in extreme compression of a triangular pattern. For example, ADA and AVAX are consolidating and compressing at the low point of the previous bear market range.
These coins do not have the same liquidity in the order books as BTC and ETH. Therefore, if a direction emerges after extreme compression, the momentum will also be significant (which means it is very easy to pump the price).
Stop-loss point: Maintain the consolidation/triangle compression area, at the lowest point (also be aware of false breakouts below the lowest point).
Of course, don’t fantasize that altcoins can surge by X times.
There are many such coins, and everyone can take a look, but it is still recommended to find coins ranked within the top 100 or 50.
Last week's range high point had another SFP (false breakout).
This indicates that against the backdrop of a bear market, upward movements are prone to failure or may only be temporary rises.
Trading within the range requires caution, as the market is significantly influenced by geopolitical factors, leading to high volatility; range trading is often stopped out.
Scenario 1: The key point above is the previous high SH (76K), where there is a large amount of liquidity. Scenario 2: If the upward movement is blocked and the range high (71690) is retested, it will continue to decline.
If the market rises online, it is likely necessary to first obtain the two key liquidity points below.
Key liquidity point 1: 62471 Key liquidity point 2: 60118
If the above two key liquidity points are obtained, followed by a false breakdown, the market will experience a significant upward movement.
ETH is relatively strong compared to BTC. Last week, it stabilized at the range high.
However, I still wonder if ETH will have an independent market during this phase? I think it likely will not.
ETH's consolidation trend is still consistent with BTC.
Scenario 1: If BTC breaks the previous high, ETH will also break its previous high and enter the key area (2.4K - 2.5K).
Scenario 2: If BTC falls back within the range, ETH will also follow BTC back into the range (Range High: 2157).
ETH also has two key liquidity points below:
Key liquidity point 1: 1800 Key liquidity point 2: 1742
Similar to BTC, if the above two key liquidity points are obtained, followed by a false breakdown, the market will experience a significant upward movement.
Since the price has reached the fibo golden zone (0.618-0.66) and VAH, a partial take profit operation is being conducted.
Then let the price continue to develop, so even if the price falls to KSL (key previous low) 37.74, we will still be in profit.
$HYPE
不懂交易的猫
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Bullish
$HYPE Update:
🚗 Mobile Take Profit: 35.76 (Even if a stop loss occurs, we are still in a profit position) 🎯 Partial Take Profit Target: 40.247
Here is the analysis:
In the previous post, we successfully went long on HYPE, and subsequently, we set the take profit to SL2BE (break-even), so even if the market does not move as expected, we will not incur a loss.
As the market further develops, HYPE has broken through the 0.328 level on the HTF (high time frame) and is currently retracing.
There is a very high probability that the market will reach 0.618 (40.247), where we will take partial profits.
At the same time, we are currently moving the take profit and stop loss up, adjusting it to 35.76 a little lower. This way, even if the market turns down sharply, we are still in a profit position.
TAO mentioned in our last post, there was a strong reaction at 0.618 (price 294).
Due to the overall cryptocurrency market having a surge in the short term 📈.
TAO retracing to 0.382 (price 327), the probability of rising to 420 increases.
不懂交易的猫
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Bearish
$TAO During the last analysis, after being blocked in the red area, there was a smooth decline. Currently, it is following the script of scenario two.
Look at today's closing price, as the price closed below 0.382 (327 price) yesterday, if it closes below 0.5 (311 price) today, the probability of reaching 0.618 (294 price) will greatly increase.
The blue area below is currently the demand area for TAO, and this position can serve as a take-profit point for shorting.