GoldsteinTheProfiletrader

JTO is building value above the pmProfile. That´s bullish and not bearish, because people are accepting the price above the profile. This "building value" tells us that the price is preparing for another leg to the upside -> We have to find out main targets above the current range. There are some untapped levels like the pwPOC and pwVAH above 2.300. They are in confluence with the bullish sequence target zone. That´s why I am planning to sell off at the upper pwPOC. What´s the invalidation? When do we need to exit the trade? Only if JTO starts to build a lot of value below the pmVAH and even pmPOC. That´s something we would need to observe during many 4 hr candles. It isn´t likely to happen. Especially because we can see long-liquidations (b-pattern) based on the pwProfile. The market is too short to substantially go lower. This information combined with the value that is building above the pmProfile, will lead to higher prices. We have bought JTO multiple times in the past days and sold off at pwVAHs. It made sense because price likes to came back to the good entry zone multiple times, for example because market makers are forcing long liquidations first. (b-pattern).

I just bought TAO with the average entry price of 441. It still looks very bullish to me and should see some continuation. Those untested pwVAHs above will be next. 619 (pmVAH) is the main target. Compared to last week, it is clearly building value higher. Even above the monthly liquidity level, so this dip below is likely just a trap. Also no acceptance into the pwProfile below which will cause this bullish FTR. All signs on green honestly. It only becomes bearish if price would somehow find acceptance in the lower pwProfile and builds a lot of value there. This scenario isn´t the likely one tho.

I have been very bullish on ADA in the previous idea. We bought at 0.61 ish for good reasons and dragged it all the way up to the pmPOC at 0.73. It was a major TP level for good reasons. Price did not show any acceptance above, which is bearish. This could result in a complete FTR (failure to rotate). In this case, we will target the origin of the move. All the way back down to where we came from (check the FTR draw target below in orange). On Saturday we had a strong volume backed breakout to the upside of the bracket. Normally price could have went for a lot higher prices. It didn´t even tap the pmPOC tho, fell back into the bracket (acceptance), so that was extreme weakness, bringing the price back to the low of the bracket quite fast. If bulls won´t reclaim the bracket, then the pmPOC below will be next. Potentially this will last a lot longer until the FTR draw will be hit. If bulls will reclaim the bracket, then we will simply see the top of it. Then we would need to assess if price is doing a good job to go higher or not. So for now: short, with potentially a lot lower target., pmPOC (previous month point of control) below will be the next target. Bullish only if: .. the bracket will be reclaimed.

EOS is leaving a huge liquidity trail behind. Just look at the 4 hr higher low wicks. All these wicks are just representing stop losses. The pwProfile (previous week profile) is showing us short-covering. Aggressive short-term buyers are competing against long-term sellers who will target all the lower liquidity at some point. I took a small short already here above the pwVAH (previous week value area high). I might add at the FTR draw (if it will get hit) and I am even open minded for a surprising run to the upper pwVAH. Hard to tell if it will break down from here or if it will go higher first to generate some more liquidty. Overall I am prepared for downside and I want to see the lower pmPOC (previous month point of control). This level is my main target.

JTO looked terrible for a looong time. Now the market is way too short on it, which is visible in all the b-shaped profiles. That means we had very aggressive sellers that forced the price to the downside to liquidate the longs. Once that is completed, it leaves the market without underlying selling potential. So the aggressive sellers will become the victim, as they are acting against the long-term buyers which are currently accumulating.As the pmProfiles (previous month profiles) give us our main targets, the upper b-shaped pmProfile needs to get re-inspected. The pmPOC becomes target number 1. "Long liquidation depletes the market ofselling potential, which will often set the stage for a meaningful rally thatcarries price substantially beyond the levels that triggered the liquidationin the first place." That´s why I think bulls have a very good chance to even run for the pmVAH above 2.5$. I bought some JTO here, might buy a bit lower if the price goes a bit lower once again. Looking for the pmPOC as TP1 and pmVAH as TP2.

SUI had a significant rise in the past week. By extending last weeks pwProfile, we can see that the POC didn´t move at all. Value is far more important than price. Price is simply advertising opportunity. That´s why I strongly believe that it will retrace a lot. We also had some short-covering in the past days. Those profiles need to get re-inspected, making their POC an important target. There is pretty nice confluence with the pmPOC at 3.28 ish. Selling here at the highs of the current pwProfile or even above is a very good idea imo. Biggest risk for bulls, biggest opportunity for bears. I wanna see the pmPOC (previous month point of control) and pdPOC (previous day point of control) below. If price would break below, I would focus on the pwVAL next.

The March price action was based on aggressive short-term sellers. Who are they fighting? Short-term traders are always competing the long-term ones. So in this case the opposition is formed by long-term buyers. They are only accumulating while the aggressive sellers enjoy the gains, shooting for more until they end up being under water. The pwProfile (previous week profile) and the prior week profile are also b-shaped. We are having the very same picture there. I have already drawn the developing profile because in a few hours it (as we head into Monday) it will be the fresh pwProfile. Again: b-shaped = aggressive sellers. So to me, ADA is a really really good buy. Have a good risk management, don´t overleverage and ride it to the upside soon, together with the long-term buyers which are already known as the winners. The minimum target is the top of the old bracket (range, white) at 0.77 ish. But honestly, ADA should fully rotate the pmProfile up to the VAH at 0.91 ish, which is what I am aiming for. I don´t see it stopping before. Stopping for example at the top of the bracket won´t be any pain for the aggressive sellers that started to build within the bracket. We really need to deviate them. A full pmProfile (previous monthy profile) rotation only makes sense. See you at 0.91 ish.

In my opinion the pwProfile (previous week profile) is not bullish. This looks a lot like shorts covering. Long term-holders are taking profits off their shorts. The recent uptrend left a big zone of singleprints behind which could get filled at some point. The context of the singleprints within a possible bearish profile rotation matches very well. Up here we are witnessing bracketing (consolidation) on decreasing volume in comparion to the uptrend caused by shorts covering. So far that´s not what bulls wanna see. Currently the 6th - 4 hr candle is rejecting the pwVAH. (previous weeky value area high). That isn´t acceptance, it is rejection. People do not see the pwVAH and prices above as fair. This was my original basis for a short trade from here. On Monday price has put a first potential swing high as "excess" above the pwVAH. This happened on decreasing volume, that´s why I am defining this as excess. A place where short-term buyers do not get accompanied by long-term buyers. That high got tested yesterday, but also on decreasing buying volume and price fell back below the pwVAH. After checking the local daily profiles with the help of TPO, we can see that during this bracketing time, daily profiles are overlapping, marking a potential end of the local uptrend.The whole TPO bracketing looks like "fading bracket extremes". Price is literally "hanging" at one extreme on decreasing volume, the pwVAH, defined by multiple days of overlapping values. If bulls want to claim this and pump higher, they need to close several 4 hr candles above the pwVAH, build volume with an increase of buyers. As long as this doesn´t happen, I am going for the short trade which is offering potential high reward and low risk.

ORDI: Yesterday in the morning I was pretty bearish on ORDI but my first short scalp attempt got stopped. Price kept flipping supply into demand in the 30 min timeframe and I catched a long from demand. I was aware that price is facing resistance and that it definitely needs to keep going locally. It shouldn´t start showing weakness. Then it SFP´d it´s own local high into the .886 and started retesting local demand once again. That already looked bearish to me because bulls really needed to keep pushing. So I took profits off the long and flipped short. In that zone it was a question of no trade or a short trade especially after the 30 min timeframe started to show weakness. My bearish context of "building volume lower" is still given. Price still isn´t showing real strength from the bull perspective. We keep consolidating below the pwPOC which is bearish. We keep building value below the pmVAL which is bearish. We could only become more bullish if the pwPOC get´s claimed, if it holds and if the pmVAL get claimed. A whole lot of work to do. I was checking the OBV to get more information about this local consolidation. If you check the 4 hr timeframe, that looks a lot like absorption to me. Longs are coming in, OBV is already higher than the previous high but we are still having a lower high in price. So MMs are filling their shorts and eating up all the longs. I have used this bearish context as confluence for my short. After checking the 30 min timeframe I have seen that we kept making higher highs locally but OBV just keeps grinding down. This is a sign for a weak bullish move. So overall all these information are just supporting my bearish idea. I really think that MMs keep filling their shorts to prepare an expansion to the downside. I have put my stop at entry and am safe after a TP1. I am not interested in longs from lower because of the whole bearish context. Seeing these longs coming in again from the lower golden pocket screams for punishment. If my short would get stopped, I would observe if price could make a higher high and how it would react at the upper resistance zone of pwPOC and daily level. Given the context of MMs filling their shorts between the .786 and .886, what indeed happened yesterday in the evening, it wouldn´t make sense for me to go for a higher high. This reversion to the mean should keep failing. My next TP is at the 4 hr low which should definitely get hit if we see a bearish expansion. The 3rd closing would be at the fib expansion level below.

ORDI had a nice drop since the upper golden pocket, as mentioned in the previous TA. Price also had a good local drop since the last post, but bears are just about to begin. Locally I am also bearish and want to see continuation.The previous high confirmed trapped longs but buyers stepped in at the range POC. Now the price is in the same zone of the previous high with the trapped longs. The previous high had lower OBV than the beginning of the range. The current high is even having lower OBV than the previous high. Imo this is just a retest / upthrust to trap more longs into the distribution setup.Another interesting fact is that the range had the LVN (low volume node) at the top of the range above the range POC, which is a sign of weakness. That never changed but at the end of the range ones longs started to build above the range VAH (value are high). Then the LVN could have been found at the bottom of the range, below the POC. This was the first early sign for me for trapped longs even before the trapped longs of the previous high got confirmed by breaking back into the range (failed auction). We still want to see much lower.