MyTradingJournal6th

Context • Clear downtrend of lower highs. Price sits below the 200 EMA with an Ichimoku/EMA supply overhead. • Rising wedge broke down; price is bouncing back into the broken trendline and cloud. Levels • Resistance/short zone: 262–268 first, then 276–280. • Invalidation zone: 288–290 (above recent highs/200 EMA). • Supports/targets: 245–248, 235, then 215–220 (aligned with the 0.618 and prior demand). Plan • Entry after retest: If price tags 262–268 and stalls, consider short. • TP1: 240–245. • TP2: 215–220. • Stop loss: above 288–290. • Flip long only if price reclaims and holds above 290; then 305–310 becomes possible. Why this works • Trend down, RSI below 50, momentum rolling over on your panel, and prior sell reactions at the cloud/MA stack favor fade-the-retest until trend changes. Chart checklist Mark 262–268, 276–280, 288–290; supports at 245, 235, 215. Draw the broken wedge line and the descending trendline. Keep 20/50 EMAs and 200 EMA visible to confirm rejection or reclaim. Not financial advice.

Timestamp: 30 Aug 2025 (IST) Timeframe: 4H and 1D Context: Lower highs since the mid-Aug top near 0.25. 24h range is tight. Funding mildly positive. Open interest off the peak but still firm. Levels Resistance: 0.223–0.225, 0.230, 0.250 Support: 0.210–0.212, 0.205, 0.200 Setups Breakout: 4H close above 0.225 with rising OI and volume → 0.230 then 0.250. Invalidation: 4H close back below 0.221 or OI drops / funding flips negative. Range buy: Reactive wick into 0.210–0.212 with seller exhaustion → bounce to 0.223–0.225. Invalidation: 1H close below 0.210. Breakdown: 1H/4H close below 0.210 on rising volume and net exchange inflows → 0.205 then 0.200. Invalidation: Swift reclaim of 0.210 with OI divergence against shorts. Risk Risk per trade = 1R at your invalidation. Target 1.5R–2R on momentum. Take partial profits at each level. Trail behind the last HL/LH. Avoid chasing if funding or OI spike without matching price advance.

Snapshot (26 Aug 2025, 19:25 IST) BTC is holding near $110k after the mid-Aug peak and subsequent bleed. Past 24–72h stayed inside a 4H descending channel; intraday range ~$108.8k–$112.9k. Technical View – 4H descending channel intact; lower highs since mid-Aug. – Supports: $108k first, then $105k; deeper shelf near $101k. – Resistances: $112k–$113.5k supply zone; next cap around $118k. – EMAs (20/50/200) remain bear-stacked; 4H MACD below zero. – Confluence: channel top + MA cluster ≈ $112k–$113.5k. Trade Plan – Short below $113,000 → T1 $105,000, T2 $101,000; SL $119,240; timeframe swing. (For intraday, a 1H close >$111k targets $112.8k; <$109k targets $107.5k.) Invalidation Bearish view invalid if daily close >$119,250 with convincing volume. Big Picture ETF flows just flipped positive, but overall tone is cautious; GDP/PCE this week can push a break from the $110k–$113k pivot. Engage $112k–$113.5k breakout first, or do we sweep $105k before any bounce?

Snapshot (26 Aug 2025, 13:16 IST) BTC hovers near $110k after a volatile flush from last week’s $123k high. The 24‑h range spans $108.67k–$112.93k, and the pivot sits around $110–112k. Technical View – Price is inside a descending channel from the mid‑August all‑time high. – Immediate support lies at $108k, with a major demand block at $105k. – Resistance sits at $112k (channel top/20‑day EMA) then $118k. – Daily RSI is near neutral (≈48) and MACD remains negative. – 4H structure hints at a falling wedge; a break could spur fast expansion. Trade Plan – Short below $108,000 → T1 $105,000, T2 $101,000; SL $118,500; timeframe swing. bearish if < $109k (target 107.5k). Invalidation Bearish view invalid if daily close > $118,500 with convincing volume. Big Picture Medium‑sized whales are distributing while smaller holders accumulate; ETF flows are mixed and macro data (GDP & PCE) loom this week. Engage Will BTC reclaim $112k or revisit $105k first? Share your view below.

Snapshot (26 Aug 2025, 13:16 IST) BTC hovers near $110k after a volatile flush from last week’s $123k high. The 24‑h range spans $108.67k–$112.93k, and the pivot sits around $110–112k. Technical View – Price is inside a descending channel from the mid‑August all‑time high. – Immediate support lies at $108k, with a major demand block at $105k. – Resistance sits at $112k (channel top/20‑day EMA) then $118k. – Daily RSI is near neutral (≈48) and MACD remains negative. – 4H structure hints at a falling wedge; a break could spur fast expansion. Trade Plan – Long above $112,000 → T1 $114,500, T2 $118,000; SL $109,500; timeframe swing. – Short below $108,000 → T1 $105,000, T2 $101,000; SL $112,000; timeframe swing. Intraday: bullish if 1H closes > $111k (target 112.8k); bearish if < $109k (target 107.5k). Invalidation Bearish view invalid if daily close > $114,500 with convincing volume. Big Picture Medium‑sized whales are distributing while smaller holders accumulate; ETF flows are mixed and macro data (GDP & PCE) loom this week. Engage Will BTC reclaim $112k or revisit $105k first? Share your view below.

Price: ~$114.7K at write-time; day range ~$114.6–117.0K. Trend: Lower highs; trading under MA “equilibrium” (~$117–118K). Key Zones: Support: $114.8K → $112K → $110–112K (reaction) → $104–102.5K → $99–101K (major). Resistance: $118K → $121K → $124–126K (major) → $129–132K. Plan: Bearish: Below $114.8K, expect $112K → $110–112K; if $110K fails, then $104–102.5K → $99–101K. Bullish: Above $118K, target $121K → $124–126K; clean break over $126K → $129–132K. Invalidation: Shorts invalid if daily close >$118K; longs invalid if $110K breaks. Flows & Catalysts: Spot BTC & ETH ETFs saw fresh outflows → mild risk-off tone. Derivatives liquidations >$200M in 24h → volatility pockets. Macro: FOMC Minutes Aug 20, Powell at Jackson Hole Aug 22, US GDP Q2 Aug 28, Core PCE Aug 29. Bias: Bearish/neutral below $117.5–118K; bullish only on decisive reclaim.

BTC/USDT 4H — Bearish below 117k; 112k–110k next if 114.6k breaks Live: BTC $114,790 today. H:116,997 L:114,742. Rejected from 122k–126k supply; CHoCH + break of local uptrend; trading under 4H equilibrium ~116.5–117k. Below the retested trendline and EMA stack → momentum down. Bear bias while <117k. Plan Short trigger: 4H close <114.6k → 112.5k → 110.8k, extension 108k–105k, then 100k. Invalidation/flip: Sustained reclaim >117k → 118.8k → 120.5k → 122k–124k; strength only above 124k–126k. Key Levels Resistance: 116.5–117k, 118.8k, 120.5k, 122k–124k, 126k–128k. Support: 114.6k, 112.5k–111k, 108k–105k, 100k.

Summary: BTC tagged the 123.6–124.6k supply and reversed hard. Price is parked around 118k (prior base/equilibrium). Intraday structure = lower highs; 4H momentum neutral→bearish unless 120.6k is reclaimed. Market check (now): Trading near 118k after a $124k spike and fast selloff. News drivers (condensed): Fresh ATH headlines triggered profit-taking; macro tone supportive on rate-cut hopes; ETF/institutional demand remains a tailwind but near-term stretched conditions invited a fade. Key levels Resistance: 119.6–120.2k, 120.8–121.4k, 123.6–124.6k Support: 117.6–118.0k, 116.2–116.8k, 114.5–115.2k, 112.0–112.8k Bias & triggers Bearish below 119.6–120.2k. Failure there keeps pressure toward 116s → 115s → 112s. Bullish only on strong reclaim of 120.6k+. Acceptance above opens 121.4k → 122.4k → 123.6–124.6k. Plan (idea) Short setup: Look for rejection at 119.6–120.2k or a clean break/close <117.6k → targets 116.8k, 115.2k, 112.5k. Long counter-trend: Only if price reclaims and holds >120.6k with momentum → 121.4k / 122.4k; stretch to 123.6–124.6k if demand persists. Invalidation: Shorts invalid if price sustains >121.4k; longs invalid on a 4H close <117.6k. Read: After the $124k sweep, the local uptrend line broke; 4H EMAs flatten and 30m prints lower highs. 118k is the pivot—acceptance below favors 116s–115s; swift reclaim of 120.6k signals bears losing grip.

Summary: HTF uptrend intact; price is compressing inside a rising channel just under 117.4–117.6 (PDH/supply/premium edge). Intraday path: hold 116.7–116.9 → retest 117.4; lose 116.7 → slide to PDL/EQ. Structure Weekly: HH/HL above trendlines; weak high ~120k remains a magnet if 118k clears. Daily: Riding 21/50D EMAs in an ascending channel; shallow pullbacks bought. 4H: Repeated rejections at 117.4–117.6; higher lows along inner trendline. 30m: Tap of channel/EMA confluence 116.7–116.9 after a PDH sweep; momentum neutral. Key Levels R1: 117.4–117.6 (PDH/EQH) R2: 117.9–118.2 R3: 119.6 R4: 120.0k (weak high/liquidity) S1: 116.9–116.7 (trendline + EMAs) S2: 116.1 (PDL) S3: 115.5–115.0 (Equilibrium block) S4: 114.9–114.4 (demand) S5: 112.8–112.2 (discount/“strong low”) Momentum / Volume RSI mid-50s (room either way). ADX ~23 (trend mild) → next break likely expands. Sell wicks at PDH; lighter pullback volume favors bounce if S1 holds. Setups (If-Then) Breakout Long: 30m/4H close >117.6 → 117.9/118.2 → 119.6 → 120k. Invalidation: swift slip <117.2. Range Long (buy the dip): Bullish reaction at 116.7–116.9 → 117.0 → 117.4–117.6. Invalidation: 30m close <116.7. Breakdown Short: Clean 30m close <116.7 then <116.0 → 116.1 → 115.5–114.6; stretch 112.8. Invalidation: reclaim >116.9. Bias: Neutral-to-bullish above 116.7 (look for 117.4 retest / 118k squeeze). Bearish below 116.7, targeting PDL → EQ. Wait for edge breaks; avoid mid-range chop 117.0–117.3.

Bitcoin is currently consolidating between $117,000 support and $120,000 resistance, forming a tight sideways range after a strong breakout. 🔹 Structure Insight: Bullish rally stalled at $120K resistance zone. Range-bound candles with wicks on both ends = indecision. Strong demand zone near $117K, acting as short-term floor. 🔸 Indicators Flash Neutral Bias: RSI cooling off below overbought zone (~63) – no strong momentum. ADX low and flattening – trend weakening. MACD losing strength – bull momentum fading. Volume declining during consolidation = awaiting catalyst. 🟢 Bullish Trigger: Break above $120K with strong volume could ignite next leg up → Targets: $122K–$127K 🔴 Bearish Trigger: Breakdown below $117K opens door to $114K–$112K retest. 🧭 Outlook: Sideways range – wait for breakout confirmation before positioning aggressively.