CRYPTO MECHANIC
Verified Creator
Trading Crypto Since 2016 | Mainly Focused on Technical analysis 🟢 Twitter @cryptomechanicX
5 Following
254.5K+ Followers
423.9K+ Liked
19.5K+ Shared
All
Quotes
Videos
Live
PINNED
I have created a group for all of us.
Join it and lets build a community 👇
Join 👉🏻 CM Circle 👈
Join it and lets build a community 👇
Join 👉🏻 CM Circle 👈
PINNED
Blessed to be recognized by Top Crypto exchange Binance
two years and we got 3 Awards
I wouldn't take any credit because it wouldn't be possible without your love and support and i would like to dedicate these awards to my followers. You all are like my family. ❤️
I will continue to bring value in your trading journey.
Thank you for your support ❤️
two years and we got 3 Awards
I wouldn't take any credit because it wouldn't be possible without your love and support and i would like to dedicate these awards to my followers. You all are like my family. ❤️
I will continue to bring value in your trading journey.
Thank you for your support ❤️
BTC rejecting from $93K isnt really good. If you’re planning to go long i think it would be better once price breaks this zone with volume.
As long as it’s below this zone Price can rotate lower again. current LTF support is sitting under/around $90k if we see a pullback.
As long as it’s below this zone Price can rotate lower again. current LTF support is sitting under/around $90k if we see a pullback.
A higher low only gets confirmed after price creates a higher high. What you’re seeing right now isn’t a confirmed HL it’s just a structure within a larger structure. These micro-structures are useful, but mainly for trading lower timeframes.
Also remember, this is just one trading strategy. When price behaves the way you highlighted, that’s exactly where fake-outs come into play something I’ve talked about many times. Markets love to trap early breakout traders before showing the real move.
When you’re trading, it’s always better to combine multiple styles or confluences. It gives you a clearer picture of what the market is trying to communicate and keeps you flexible. The moment the market gives new information, your bias should be able to shift with it and that’s what separates reactive traders from proactive ones.
Also remember, this is just one trading strategy. When price behaves the way you highlighted, that’s exactly where fake-outs come into play something I’ve talked about many times. Markets love to trap early breakout traders before showing the real move.
When you’re trading, it’s always better to combine multiple styles or confluences. It gives you a clearer picture of what the market is trying to communicate and keeps you flexible. The moment the market gives new information, your bias should be able to shift with it and that’s what separates reactive traders from proactive ones.
As you said, here it gave a lower low which means a shift in the trend. What happened next ? the trend continued up. That means that this market has no rules to follow. It's whales
$BTC is back at the $93k zone, from where we previously had three dives down.
I want to see price continue to show strength and move away from this zone.
I want to see price continue to show strength and move away from this zone.
CRYPTO MECHANIC
--
A daily close above $93K on $BTC will confirm a Higher High, the first HH on the daily since the $126K top.
That would mean Bitcoin is breaking out of its daily downtrend.
That would mean Bitcoin is breaking out of its daily downtrend.
I think $98k–100k is a major high-timeframe level. Price needs to reclaim that before we can aim for bigger targets this is where the weekly flipped.
As long as price remains below this zone, we can just continue taking level to level trades like we’ve been doing for the last two weeks.
As long as price remains below this zone, we can just continue taking level to level trades like we’ve been doing for the last two weeks.
No trend lasts forever and this is where people lose most amount of their money.
If people are bearish and the trend shifts to bullish they do not accept it and keep shorting the market.
And if people are bullish and the trend shifts they don't accept it and keep buying the dips.
Lets discuss when market shifts a Bullish Trend
when the market breaks a bullish trend you will see it will break below the higher low. Once price does that you can shift your bias from being bullish and wait unless if you get another bullish confirmation.
Some people like to take profits on their buys as trend breaks or some people like to open shorts depending on the type of traders they are and depending on how they want to trade.
Picture 2 is a live example of price breaking a trend.
It shows the most recent Bitcoin price action when it broke its bullish trend and notice how Bitcoin has continued to drop ever since.
This is a really good strategy you can use as a trend trader and as i always say, Trading is easy when you trade where the trend is.
If people are bearish and the trend shifts to bullish they do not accept it and keep shorting the market.
And if people are bullish and the trend shifts they don't accept it and keep buying the dips.
Lets discuss when market shifts a Bullish Trend
when the market breaks a bullish trend you will see it will break below the higher low. Once price does that you can shift your bias from being bullish and wait unless if you get another bullish confirmation.
Some people like to take profits on their buys as trend breaks or some people like to open shorts depending on the type of traders they are and depending on how they want to trade.
Picture 2 is a live example of price breaking a trend.
It shows the most recent Bitcoin price action when it broke its bullish trend and notice how Bitcoin has continued to drop ever since.
This is a really good strategy you can use as a trend trader and as i always say, Trading is easy when you trade where the trend is.
why most traders fail.?
They don't have the love for trading.
They are too focused on making money, fast.
Trading is an art that takes years to master.
It's a self-development journey. And until you let go of all your demons, detach from your stupid expectations and rush to make money, you'll keep failing.
I know every loss is painful.
I know every losing month you feel like you are not getting anywhere.
But that's the journey, accept it, enjoy it, believe in yourself.
Because the moment you let go and you find love within the process the market will slowly start rewarding you.
They don't have the love for trading.
They are too focused on making money, fast.
Trading is an art that takes years to master.
It's a self-development journey. And until you let go of all your demons, detach from your stupid expectations and rush to make money, you'll keep failing.
I know every loss is painful.
I know every losing month you feel like you are not getting anywhere.
But that's the journey, accept it, enjoy it, believe in yourself.
Because the moment you let go and you find love within the process the market will slowly start rewarding you.
A daily close above $93K on $BTC will confirm a Higher High, the first HH on the daily since the $126K top.
That would mean Bitcoin is breaking out of its daily downtrend.
That would mean Bitcoin is breaking out of its daily downtrend.
How would you feel if you were invited to attend Binance Blockchain Week Dubai, fully sponsored and were even supposed to receive an award on stage in front of hundreds of people, but your visa got rejected?
That’s me 🥲
That’s me 🥲
Our Monday updates are working pretty damn well.
Last week, we played the move from the 85k range to 93k.
This week, we planned buys in the 83k–85k zone.
I hope you’re enjoying this and catching these moves 🤝
Last week, we played the move from the 85k range to 93k.
This week, we planned buys in the 83k–85k zone.
I hope you’re enjoying this and catching these moves 🤝
CRYPTO MECHANIC
--
Bitcoin Bulls Continue to Struggle
| Is There Still Hope?
It’s the first day of the week and the first day of the month, and Bitcoin is already down ~5%. The end of the year is usually bullish for crypto, but instead we got a brutal October followed by even more downside in November. Bitcoin closed November with a -17% drop, and now December is starting with another 5% decline. Will the crypto market continue to struggle, or is there still hope? Let’s discuss.
Let’s dive straight into the charts and see what’s going on. But before that, let’s recap what we discussed in last week’s update.
That trade we planned last week for a move into $93k worked out perfectly and as we discussed this move will change nothing bitcoin got rejected from the same zone.
Anyways lets discuss what can we expect now.
BTCUSD (Weekly)
The weekly chart remains unchanged. We’re still sitting around the monthly/weekly zone, but structurally it’s bearish as long as price is trading below $98k–$100k. There’s no reason to be a biased bull when the chart itself is bearish. As discussed in the last update, there will be some bounces in between, and we can keep an eye on those.
BTCUSD (Daily)
The daily chart remains in a downtrend, with price continuing to form lower highs and lower lows. The key level to watch is $93k, Bitcoin needs to break above this zone for us to start targeting higher prices.
Trade Plan?
This is more like a prediction than the trade with confirmation.
I personally want to see Bitcoin finds some support around $83k-85k zone, This could potentially give us a higher low and we can target $93k once again and potentially $98k. Today’s move is likely news-driven, coming from Japan. It’s a low volume move, and I wouldn’t be surprised if Bitcoin recovers.
That’s it for this week’s update. Overall, we remain in a downtrend. I don’t have a clear trade setup yet, what I shared above is more of a prediction than a trade plan because a higher low only confirms when price creates a higher high after.
Let me know your thoughts about BTC.
Let’s dive straight into the charts and see what’s going on. But before that, let’s recap what we discussed in last week’s update.
That trade we planned last week for a move into $93k worked out perfectly and as we discussed this move will change nothing bitcoin got rejected from the same zone.
Anyways lets discuss what can we expect now.
BTCUSD (Weekly)
The weekly chart remains unchanged. We’re still sitting around the monthly/weekly zone, but structurally it’s bearish as long as price is trading below $98k–$100k. There’s no reason to be a biased bull when the chart itself is bearish. As discussed in the last update, there will be some bounces in between, and we can keep an eye on those.
BTCUSD (Daily)
The daily chart remains in a downtrend, with price continuing to form lower highs and lower lows. The key level to watch is $93k, Bitcoin needs to break above this zone for us to start targeting higher prices.
Trade Plan?
This is more like a prediction than the trade with confirmation.
I personally want to see Bitcoin finds some support around $83k-85k zone, This could potentially give us a higher low and we can target $93k once again and potentially $98k. Today’s move is likely news-driven, coming from Japan. It’s a low volume move, and I wouldn’t be surprised if Bitcoin recovers.
That’s it for this week’s update. Overall, we remain in a downtrend. I don’t have a clear trade setup yet, what I shared above is more of a prediction than a trade plan because a higher low only confirms when price creates a higher high after.
Let me know your thoughts about BTC.
$ENA This zone has provided some good bounces in the past. Not sure if it can do it once again, but this is the last zone for the bulls.
A breakdown below this will mark a new all-time low, and after that it’s open air.
A breakdown below this will mark a new all-time low, and after that it’s open air.
Not sure how many times a support can support the price.
This is the only important area i see on $SOL chart, Below this is nothing.
This is the only important area i see on $SOL chart, Below this is nothing.
Login to explore more contents