having a meme look like this after a complete alts especially meme's capitulkation is pretty good ngl, i mean i think becasue its in $ETH because if u take a look at other major meme's like $WIFš¦
So HTF looks ready and trying to long here a pullback is pretty good idea imo. U got stacked high's above u and some bullish structure below uā
than u can even make the argument of a bulletproof MSB, people like to go sure with a high that generated a LL as proof for a MSB. SO thats good and u got the shit u need (fibs, demand etc..)
The hourly just looks very clean imo, POC in the sweetspot + ur demand. I think its doesnt go prettier than that, trying to long the strongest meme when $BTC is at a SHITTY support isnt the worst idea...š£ļø
hope that guys helped u how im looking for trades, if u got any questions lmkš«”
so i mean in the bigger picture $ETH doesnt look THAT bad its just not pretty nice that we are now bleeding out like this after a impulsive move like thisšŖ
3500 try to short it and expect more downside 3300 try to catch a small scalp but overall expect moreš
-At range low and people are actually shorting it -RL got tested a 100 time's so prolly weak support -People trying to front run the run up of $BTC with being alts -CT influencer got cooked on alts but still bullposting -Overall bearish TL u dunno what to do, so do i famā¤ļø
HOW IM PLAYING METIS šæ OR IN GENERAL ALTCOIN HOLDING'Sš«”
so i talked earlier about it -> CLEAN UP YOUR PORTš«” imagine how u would structure ur port if u start from new with all the knowledge u got now...
Now lets dive into $METIS, so we got local breakout high at 42 $ and this is in the fibs from the whole year so pretty strong fibs... I think if u wanna be bullish now i would look for a reclaim of the wick, IF we get a reclaim i will probably longā
like this would make a great long, the R/R is crazyy and i think u will do nothing wrong with being bullish on $ETH and eco of $ETH. Like selling now spot bags seems pretty dumb and i still believe in $METIS so nothing changed fundamentally for meš¤
I still think $SOLLY is a pretty dope meme -> $BRETT VIBES etc. I just dont know in general how big the comeback will be of the $SOL meme's.
I mean if u take a look at the major $SOL meme and $SOL itself, doesn't look great...
but the downtrend is crazy and there is still no major MSB. BUT i think if u see a reclaim of this supply u can aim for some HTF MSB what obviously would be pretty bullishā
ALIGNING $BTC AND $ETH IDEA'S WITH $ETH/$BTC CHARTš«”
On $BTC im looking for a bottom $OUT at 63k ish, that would mean we are retesting the fibs, OB and even holding the FVG. I think u really wanna try to long thatā
On $ETH the area of interest is a bit lower, im looking 3'300k ish. Like we got some weekly demand and that in combination with some daily FVG and fibs can it be pretty powerfulš
So now if we make our bias for $ETH/$BTC i think its important to chart $ETH and $BTC firstly alone and then take a look at the pair. So i think its pretty sweet longing the pair at 0.048ishš Like a larger retracement on $ETH would mean a pull back on the pair but then imma bet on $ETH outperformš¤Ŗ
i hope i could show u more how im watching at $ETH/$BTC, if u enjoyed it -> im happyš
I wanna go through the HTF and just some important thoughtsš«”
I mean we are still in a Uptrend and holding the impoertant fibs, we just hit the HUGEE 0.618 and are moving in the local sweet spotš I think u really dont want to see a close below like 126$, would be pretty important to see a relcaim of the local 0.618š
Im sure u saw those pretty scary montlhy chart with the same strucutre as last time's TOP, i mean shit look pretty same but im not sure if u can really can make a bias of itš« I think in general everyone was bullish on $ETH, $SOL outerperformed $ETH and u think now its the turn for $ETH especially with the $ETH ETF
I also think people gonna bet on yee next ETF is $SOL and then same shit happens with the realtionship between $ETH and $BTCš¼
i hope i could bring u some value, if so make sure to follow me and i welcome u in my chatroom to ask questionš
There is no point in selling at these price's but u gotta clean up your stuff. Sell shitcoin's that are just going down forever and start dcaing into the better quality projectsš
u gotta be honest to yourself and prepare yourself for the next phaseš«”
hunterrr
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ALTS CAPITULATION Išµāš«
shit is cooking us and we gotta acknowledge that. The only thing that shit didn't felt like this because $BTC is in the upper part of the Rangeš
all the alts are either breaking down, broke down or at range low.š«
leaned up my shit, i mean there is never a perfect time but i just found my myself in this delusional atmosphere of "all good". Imma talk more about it tmr
i will go over the HTF scenario's, midterm thoughts, possible short idea, exact setupā
HTF scenario'sšļø I think we got nice support at the midpoint and had in combination with that some bullish strucutre BUT i think its more likel we will see a retracement to the weekly demandš
midterm thoughtsš” like techincally shit look truly bullish, HTF support daily MSB and now bouncing off sweep im the demand. I just think markets are pretty weak right now so i think if we can recalim the monthly open on $BTC in combination with trend continuatiuon $ETH would be pretty bullish but if that not the case. Not longing here some big swingsš
possible short idea and the exact setupā So its kinda hard to short some HTF support BUT if i get a really clean LTF structure in combination with a weak marekt rallying into some bearish structure -> im willing to take a short
I woudld love to enter on some local sweep in the supply and then my stop would be the most recent high and i would aim for this wick that sweept these other lowsš£ļø Not high probability though tbh, shorting support is never "high probablilty" imma just think we will go down further š«