MyTradingJournal6th

ETHUSDT.P trading near 3,885 level. Monitoring for potential breakout or retracement on the 4H chart. Will respond to next move. Disclaimer: Not financial advice.

BTCUSDT.P consolidating near 110,000. Watching for breakout or reversal signals on the 4H timeframe. Will update on direction. Disclaimer: Not financial advice. For educational purposes only.

1-week range: Resistance at 116,000 and support at 108,000 4-hour range: Resistance at 126,000 and support at 102,000 A short position can be planned near 116,000, as the next potential move could target 75,000. In the previous bear market, it took roughly 365 candles from the top to the bottom. If the current top is 126,000, there’s a strong possibility this bearish trend could continue until around November 2026, when the bottom might form near 25,000 — a price level ideal for accumulation by large players. Remember: Smart money never buys at the highs — those levels are usually traps. Good luck.

🔍 Technical Analysis Bitcoin is currently consolidating around the $110,500 zone on the 30-minute timeframe, showing mixed signals that require careful attention from traders. The price action reveals a critical inflection point where institutional players are likely positioning for the next directional move. Current Market Data: Price: $110,555.2 (+0.03%)​ Session Range: $110,330.4 - $110,610.1 Key Level: Trading below EMA 9 at $110,911.3 Timeframe: 30 Minutes (Binance Perpetual) 📊 Key Technical Observations 1. Moving Average Analysis The price is currently below the EMA 9 ($110,911.3), indicating short-term bearish pressure. The Moving Average Ribbon shows mixed signals with price consolidating between key dynamic support and resistance levels. 2. Smart Money Concepts Multiple LuxAlgo Smart Money Concept indicators are active, suggesting institutional order blocks and liquidity zones are being respected. This indicates smart money is actively participating in the current price range. 3. Volume Profile Volume remains moderate but consistent, suggesting controlled consolidation rather than aggressive selling or buying pressure. 4. Support & Resistance Framework Immediate Resistance: $110,610 (session high) Key Resistance Zone: $110,900 - $111,000 (EMA 9 confluence) Immediate Support: $110,330 (session low) Critical Support Zone: $110,000 - $110,200 (psychological level) ⚡ Key Catalysts to Watch Break above EMA 9 ($110,911) - Could trigger short-covering rally Volume expansion on breakout direction - Confirms institutional participation $110,000 psychological level test - Critical support for bulls Smart Money Concepts signals - Watch for order block reactions 🧠 Market Psychology The current consolidation reflects institutional accumulation/distribution phase. With Bitcoin trading near multi-year highs, both bulls and bears are positioning carefully. The 30-minute timeframe shows indecision, but a clear directional break with volume will likely trigger significant follow-through. Market Sentiment: Neutral (Consolidation Phase) Volatility: Medium (3.84% as per recent data)​ Institutional Flow: Mixed (Smart Money Concepts showing balanced activity) ⚠️ Risk Management Reminder Never risk more than 2% of your trading capital per trade Wait for volume confirmation before entering positions Bitcoin remains volatile - size positions accordingly Consider wider stops on lower timeframes due to noise 📝 Disclaimer: This analysis is for educational purposes only and not financial advice. Always conduct your own research and consult with qualified financial advisors before making trading decisions. Past performance does not guarantee future results. What's your take on Bitcoin's current consolidation? Drop your analysis in the comments below! 👇 #Bitcoin #BTC #TechnicalAnalysis #CryptoTrading #SmartMoney #TradingView

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.”