Patrick2707
@t_Patrick2707
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Patrick2707

BTC has been moving nicely lately so let's see where we go from here. As previously mentioned, we should expect an aggressive move upwards towards 110K and eventually new ATH. As expected we got the move and are now trading around 120K. IF we fail to hold the sellside at 115K expect us to trade back towards 110K. IF we hold our current levels expect further upside towards new ATH. No NEED TO FRONTRUN THE MARKET. BE PATIENT AND TRADE WITH IT. Stay safe and never risk more than 1-5% of your capital per trade. The following analysis is merely a price action based analysis and does not constitute financial advice in any form.
Patrick2707

We've had some nice movements on ETH lately so let's have a look at where we are. As previously discussed IF we reclaimed 2.5K we should expect the market to aggressively trade towards the HTF buyside (3.4K and 4K). The buyside at 3.4K has been traded through already so no let's be PATIENT and see IF we get through 4K and higher. As always WAIT FOR THE MARKET TO SHOW YOU ITS HAND. Stay safe and never risk more than 1-5% of your capital per trade. The following analysis is merely a price action based analysis and does not constitute financial advice in any form.
Patrick2707

Let's have a look at BTC as we start this new week. From a weekly perspective you can see how we through around the weekly gap (blue box)and respected it. On the LTF we broke below it and failed to close below it. From here expect us to aggressively trade back towards 110K and eventually new ATH. IF we fail to hold the current sellside, we will revisit the weekly gap (blue box) and 105K. As always WAIT FOR THE MARKET TO SHOW YOU ITS HAND AND TRADE WITH IT. Stay safe and never risk more than 1-5% of your capital per trade. The following analysis is merely a price action based analysis and does not constitute financial advice in any form.
Patrick2707

Let's have a quick look at OP. Market is pretty clean and setting up for some interesting moves in the coming weeks. Let's see how the market wants to move from here. IF we reclaim 0.70$ expect us aggressively trade back towards the HTF buyside liquidity at 1.70$.IF we fail to hold 0.60$ expect us to trade lower towards 0.50$ and eventually 0.40$. From a HTF perspective we are back into a weekly FVG from October 2022....if you pay attention you will notice it is the exact FVG which 'changed the bearish trend into a bullish trend' - to explain it in simple terms. WAIT FOR THE MARKET TO SHOW YOU ITS HAND AND TRADE WITH IT. Stay safe and never risk more than 1-5% of your capital per trade. The following analysis is merely a price action based analysis and does not constitute financial advice in any form.
Patrick2707

We are currently holding pretty nicely and strongly on ETH so let's see how we play from here. Pretty simple plan and triggers as always. IF we break below 2.5K and hold expect us to trade back towards the sellside liquidity sitting around 1.8K. IF we reclaim 2.5K expect us to aggressively trade back towards the HTF buyside liquidity at 3.4K and 4K. Stay safe and never risk more than 1-5% of your capital per trade. The following analysis is merely a price action based analysis and does not constitute financial advice in any form.
Patrick2707

Let's have a look at BTC as the new week is slowly settling and starting up. We've traded back towards our opening week gap (blue box). We are currently reacting nicely and holding it. IF we break and get a clean close below it expect us to trade back towards 98K IF we hold expect us to trade back towards new 100K and new all time highs. As always...WAIT FOR THE MARKET TO SHOW YOU ITS HAND AND TRADE WITH IT. Stay safe and never risk more than 1-5% of your capital per trade. The following analysis is merely a price action based analysis and does not constitute financial advice in any form.
Patrick2707

Let's have a look at how ETH is trading alongside BTC setting a new all time high. Not much has happened on the side of ETH since our last chart analysis. ETH is lagging in comparison to BTC and is yet to show us a willingness to aggressively push higher. The plan remains straightforward and the exact same as previously. IF we reclaim 2.5K and hold it, expect us to aggressively trade towards the 3.4K-4K range. IF we fail to hold 2.5K (clean break and hold below) expect ETH to trade back toward 1.8K. Stay safe and never risk more than 1-5% of your capital per trade. The following analysis is merely a price action based analysis and does not constitute financial advice in any form.
Patrick2707

Let's have a look at how ETH is currently trading. From a monthly (1 month) perspective we have deviated the sellside and have started to regain 2.5K. IF we hold 2550 expect us to push back up towards the buyside liquidity sitting around 3.4K and 4K as second target IF the market holds. IF we get a clean break below 2.2K expect us to retrace towards 1.8K. BE PATIENT...WAIT FOR THE MARKET...TRADE WITH IT. As always in crypto...keep an eye on BTC who will be the main indicator. For those who have been trading ETH for more than 5 years you'll fully understand the importance of 2.5K. For the rest...TRUST YOUR SYSTEM and WAIT FOR THE MARKET TO SHOW YOU ITS HAND. Stay safe and never risk more than 1-5% of your capital per trade. The following analysis is merely a price action based analysis and does not constitute financial advice in any form.
Patrick2707

Let's get back to BTC and let's see how the pa moved in the past days. As we noted previously IF we held the HTF FVG (yellow box) we should expect to trade back towards 90K-100K. We held perfectly and traded back towards our target. Hopefully the scalpers amongst you guys managed to get some nice entries (feel free to go back to the previous idea and watch how we managed to call out the 'bottom'. What is next...IF we 100K expect us to aggressively trade towards price discovery and new all time highs. IF we fail to hold 90K expect us to trade back towards 80K. Pretty simple...BE PATIENT...LET THE MARKET SHOW YOU ITS HAND...AND TRADE WITH IT. Stay safe and never risk more than 1-5% of your capital per trade. The following analysis is merely a price action based analysis and does not constitute financial advice in any form.
Patrick2707

Here is a quick update on BTC and its current price action. First of all, I hope all of you guys have been in good health and form. We've had some interesting overall moves on ALL markets as a result of the current financial, monetary and tariffs uncertainties. Regardless, these are mere 'noises' and the overall charts will SHOW YOU ITS HAND, so be prepared and follow it. Let's see how BTC is currently trading and what is at play for the coming weeks. We are back in the HTF FVG (yellow box). The line in the sand if you will, for those always seeking a 'when do I know my longs are no longer valid' folks. IF we hold the current levels expect us to trade back towards 90K - 100K. IF we fail to hold the current sellside sitting around 80K expect us to revisit 75K-70K. As always no need to front run the market. BE PATIENT, POSITION YOURSELF AND TRADE THE CHARTS. I fully understand it may be all 'new' to some of you guys, troubling to others and even frightening at times. BUT the market will SHOW YOU ITS HAND. Do not allow yourself to be distracted or influenced by outside sources. TRUST YOUR SYSTEM. Stay safe and never risk more than 1-5% of your capital per trade. The following analysis is merely a price action based analysis and does not constitute financial advice in any form.
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