Shorted 50%, because on some charts it didn't sweep the high. SL above 4H demand.
Edit: I closed it for BE. Just saw that 4H supply has equal highs above it, so it's probably gonna sweep it. I'll just wait for final sweep and then enter.
Shorted 50%, because on some charts it didn't sweep the high. SL above 4H demand.
Edit: I closed it for BE. Just saw that 4H supply has equal highs above it, so it's probably gonna sweep it. I'll just wait for final sweep and then enter.
Scenario 2 where A = C. Entry at the 100% of wave A which is right in the middle of 2M demand zone. SL below it and TP at Equal Highs (122R+).
SupremeDelicacy
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$ADA
Loving this setup. 145R
There is a weekly break of structure. Entry is at top of the wick of the weekly demand zone and SL is below the wick of the same zone. Primary target is Equal Highs. Everything after is a bonus. Almost 5 years of bear market. 👀
There is a weekly break of structure. Entry is at top of the wick of the weekly demand zone and SL is below the wick of the same zone. Primary target is Equal Highs. Everything after is a bonus. Almost 5 years of bear market. 👀
Unlike BTC, ETH doesn't have a clear bullish divergence on weekly timeframe, so I still expect ETH to show weakness compared to BTC and to lag behind. Having this range idea in mind. If ETH/BTC pair manages to hit 9D demand + 9D OB just below GP this would be ideal place for ETH to start outperforming BTC.
I put a sell limit order on the bottom of the wick of 4H supply zone and SL above the top of the wick of the same candle. Target is HTF range low in confluence with GP.
Gonna wait for the break of structure to enter short.
SupremeDelicacy
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$LIT
The 3rd volume spike iz completed, also 3-Drive has formed completely with RSI holding divergence and PSH has been tagged. Gonna wait for market structure break on 12H timeframe and then I'll enter short.
The 3rd volume spike iz completed, also 3-Drive has formed completely with RSI holding divergence and PSH has been tagged. Gonna wait for market structure break on 12H timeframe and then I'll enter short.
I zoomed in on ZEC to compare with CRV since it has been playing out similarly so far. This could be me stretching it too far, but this is where the price potentially is. If there is a final drop then I'd expect the whole market to make a lower low. Price could also just continue to grind from here until it sets higher high (above 0.293$) and only then have a meaningful retracement. If final bottom is yet to made I'd expect it to be set by 12th of July.
Gonna take this long in 4D demand and ride it into 1D supply which is a key area of bearish structure. If it breaks then I'll look for a retracement to enter another long, because market structure will then signal a change in direction. If 1D supply doesn't break then it's just another lower high. That's why my full exit is in 1D supply zone with 50% at TP1. This is probably a good opportunity to hedge with short at 1D supply zone instead of fully closing, but I'm using Prop account. 🥲
Still waiting for an entry within 3D, 6D, 1W demand zone. I will take profits in the 1D supply zone that is just above Equal Highs. I expect PA to form like this.