After many week of consolidating in our triangle, we have finally come to a decision point. In simple terms, ETH was holding the $2,570-$2,630 range as support and the $2,790-$2,850 level as resistance. Now, for the first time since creating our uptrend price has created a micro lower low. This has caused price to break down from our triangle which gives us a measured move of a breakdown to around the $2,350 level. Now it is possible for price to rebound to the $2,630-$2,690 level to retest our old support as new resistance. If that scenario does play out and sellers come in at our trendline of old support then expect downside momentum to continue to that downside target (this would likely coincide with BTC dropping below $90k once more). Macro timeframes are still bullish with ETH maintaining its 200 MA on the weekly, and the 21 and 50 MA on the monthly. If we can reclaim our old support trendline again then the short term momentum will flip back to the upside. But our market structure right now is signaling a slight push lower either very soon or if that trendline of old support gets tested and sellers turn that into a level of resistance.
Price tapped into the outlined FVG indicated by purple box and has high potential to continue its upward trend close to 2,968. Possible re entries into FVG during early Asian session before more upward movement. Keep on eye out for new FVGs to enter into a long position and trail your SL below them
RE: BTC Under $100k, Where Do I Buy? Hello Friends, For those of you looking to capitalize on Bitcoin BITSTAMP:BTCUSD you may want to add to your position, or start accumulating for the first time. My ideal entry will be at $85,158.42 Check out this link for my BTC Exit Strategy: https://www.tradingview.com/chart/BTCUSD/LfTRBDtd-BTC-to-230k-USD/
Long from 2500$ region . Looks promising . Lets see what the upcoming days brings on.
Appears price is making a head and shoulders or an ugly wedge. I’m looking at a tp of 186.15. Everything is still pointing down except the higher timeframes.
88% for 2023 and 53% for 2024 Holding the magnificent 7 in 2023 was better than The Turtles' average of 80% back in the day.
The price made a rising channel at a resistance area, which followed a breakout and pullback, a lower low will confirm the bearish move, time to go short WE ONLY TRADE PULLBACKS
The price made a double top and tested a bullish trendline, which resulted in a pullback then an impulse giving us a confirmation of a bearish move time to go short WE ONLY TRADE PULLBACKS
Yello, Paradisers! Is #FIL on the verge of a massive collapse, or will the bulls step in at the last moment? Let’s break down the latest setup of #Filecoin: ?#FILUSDT is forming a textbook descending triangle, a pattern that typically signals a bearish continuation. The price has been making lower highs while holding a crucial support zone around $2.45—a clear sign that sellers are in control. ?A breakdown below $2.45 could trigger a sharp sell-off, with the next major support sitting around $0.82. If #FILUSD loses this level, it could enter price discovery to the downside, leading to extreme volatility. ?On the bullish side, a breakout above the descending resistance line would invalidate the bearish setup. A strong daily close above $4.00 could flip the trend, targeting a move toward $6.00 and beyond. However, until that breakout happens, caution is warranted—trading inside a descending triangle without confirmation is dangerous. The market is at a make-or-break point. We will see if #FIL breaks below support and plunges lower or if the bulls stage a surprise comeback. Let us know in the comments! MyCryptoParadise iFeel the success ?
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