MyTradingJournal6th

Thesis (1D pattern, 4H execution): BTC is coiling in a diamond nested inside a rising channel. Neutral pattern with a slight bull bias. Trade the break + retest, not the guess. Structure & Key Levels Pattern: Diamond (expansion → contraction) approaching apex. Boundaries: Resistance ~116k • Support ~108k. Measured height: ~8k → projection ~7–8k from the break. Context: Supply near prior ATH/“TP-1” band above; demand zone ~100k (“TP-1” down) with deeper confluence near ~92–94k (“TP-2” down). Channel top aligns with “TP-2” up.

Structure: After a strong multi‑month rally, SOL is coiling in a rising wedge. The price sits above a key ascending trendline but below a descending resistance line from its recent peak. Momentum: Moving averages are converging and volume has tapered off, suggesting momentum is slowing. Key triggers: A clear breakout above the descending resistance would signal renewed strength; a breakdown through the trendline could extend the pullback toward lower support. Risk factors: Macro events—non‑farm payrolls, the monthly inflation report, and the late‑October Fed meeting—may trigger volatility across markets. Trade idea: Bullish: Wait for a daily close and retest above the wedge; use stops below the recent swing low; aim for the next major resistance zone. Bearish: Watch for a close below the ascending trendline; short a retest of that level with stops above; target the next demand area. Reminder: Manage risk carefully and adapt as market conditions evolve.

The ETH/USDT 4‑hour chart shows a recovery rally unfolding within a broader downtrend. After a sharp decline earlier in September, prices have been climbing in a rising channel, while still respecting the boundaries of a larger descending channel. Short‑term momentum has shifted bullishly as higher highs and higher lows form inside this smaller channel, and trend indicators suggest strengthening buyers. Upcoming U.S. economic releases—non‑farm payrolls, the Consumer Price Index, and the Federal Reserve’s October meeting—could inject volatility into the crypto market. These events often alter investor expectations for interest rates and risk assets, so traders should be prepared for sudden swings. Trade view: A bullish setup would involve waiting for a decisive break and retest above recent highs in the rising channel, with targets at the next major resistance area. A bearish setup would trigger if the asset falls below the rising channel’s base, aiming for the previous swing low and then the broader channel floor. In both cases, stops should be placed just beyond the invalidation level, and risk‑to‑reward ratios should be kept favorable. Overall, ETH remains in a corrective rebound within a longer‑term downtrend. A confirmed breakout from this pattern could signal a larger upside move, while failure to hold the current support zone might send prices back toward prior lows.

BTC/USDT daily chart shows price compressing inside a large symmetrical triangle, trading near $112K. With upcoming catalysts (NFP Oct 3, CPI Oct 15, FOMC Oct 28–29), the next breakout could set the trend. BTC has formed lower highs since July and higher lows since June, creating a wedge. Recent support is at 108,723, with deeper support near 101,000. Resistance is at 117,711, with higher targets near 124K–126K. A breakout above 117,711 opens the way toward 128,000, while a breakdown below support risks a slide toward 101,000. EMAs are clustered, momentum is neutral, and volume is fading. Trade Plan: Long Setup: Break and daily close above 117,711 → enter on retest; stops below 110K. Targets: 124K–126K, extension to 128K. Short Setup: Breakdown below 108,723 → short on retest; stops above 114K. Targets: 106K and 101K. Takeaway: BTC is coiling tightly within the triangle. With critical macro data ahead, a clean break beyond 117,711 or below 108,723 will likely decide the next leg. Disclaimer: Educational content only, not financial advice.

Charts reveal what words can’t, support decides the dance of price.

“Silence before the storm, the chart whispers its move.”

BTCUSDT.P is consolidating in a sideways-to-upward structure, testing a strong resistance zone. Momentum is steady but capped, and the market is building pressure for its next move. A breakout above resistance would confirm continuation of the uptrend, while a breakdown below support would shift the bias to bearish. Until either side gives way, the pair remains range-bound and best approached with patience.

Trend/Structure: Steady up-swing from early-Sep low inside a rising channel; price stalling at prior supply 117k–118k. Confluence at resistance: Channel top + red supply band + cloud edge around 117.5k–118k. Supports: 115.0k (intraday base), 112.5k–113.5k (MA cluster), 108k–106k (200-D + “Support-1”), then ~101k. Momentum: RSI ~62 (bullish, not overbought). MACD near flat/positive; volume moderate. Bias: Neutral-to-bullish while above 115k; market is accumulating beneath resistance. Levels to act on (confirmation-based): Breakout: Daily close >118k → room to 120k, then 124–126k (ATH zone). Failure: Daily close <115k → pullback risk to 112k then 108k. Educational summary — manage risk around 117–118k lid.

NEAR is compressing on the 4H just under a supply band after a series of higher lows. Momentum is flat-to-improving; volatility is pinching—typically precedes an impulse. Key levels: Resistance zone: recent swing cluster near the prior 4H highs; breakout line = range top. Support zone: higher-low shelf + 4H trendline; failure here flips structure. Confluence: 4H 200EMA near mid-range acting as pivot. Setup & triggers: Long: 4H close above the range top, then hold/retest → continuation. Short: 4H close below the higher-low shelf/trendline → range unwind. Risk plan (keep it tight): SL just beyond invalidation wick; aim R:R ≥ 1:2 (scale at mid-range, run remainder to next HTF level). Invalidation = close back inside the broken level. Takeaway: Trade the break-and-hold, not the first poke; compression + level + retest = highest clarity.

Current price around $112–113, consolidating after recent highs near $116–117. Resistance: $125 zone. Support: $103-106 immediate Trend: Neutral to mildly bearish until $117+ breaks. Short Setup: breakdown under $101 → targets TP-1 $82, TP2 65