persistent_edge

Looking to enter long at 64,000 if we breakout should see 65,000 as first target.Failed breakout, no entry. If this small consolidation breaks down that is looking very bearish short term and target will be the 58K low.

Gold is in an unusual area where it is more likely to see supply come into the market than continue to be bought up. Whenever going against a strong trend be quick to take risk off the table as the is a counter-trend trade.Time to wait it out. Bit of a short squeeze feel about this.

BTC Short Breakdown of the range, consolidation at the low of the range. Now look to rotate lower out of the range. At that point, we see if there is an auction to be had at the lower level or not.

Long setup on BTC 15m timeframe. This is a short term setup within the small range which may reach the high of the larger range. Bitcoin generally look for only long setups for now.Market has supply so better to close if not already taken some profit.

Looking for follow-through setups on the breakout from this range. Target areas are around 35K. May grind up to it or happen in a flash and then pull back. Either way 40K will be a place to expect supply to come in if Bitcoin does keep on this run.

Gold has sold off from the top where supply came into the market, now supply has shut off and we are rotating up to the top of the smaller range again. If the range breaks to the bottom you must be out of the trade. Is possible to hold for extension to ATH which may be hit but expect some volatility.Closed at 2000.56

This would be a good place to get short on BTC as the flag breaks down showing supply has come into the market. There's now a high chance the range will fill down to at least 18000 and then price action will show the balance of supply and demand in the market as to what happens next.If it does snap back from the low of the flag and break higher, that will show there is not size selling and we will rotate back up to the top of the range.

This market has spent a long time building supply, which appears in a chart as a weekly bear flag. The market could not break the highs as there was supply there and now we have size sellers coming in to close out the position. We will likely se selling right down to the bottom of the range. Look for smaller bear flags to enter short. If we have enough size selling then the long positions built up in the consolidation will be forced out causing a fierce selling wave that will probably take most by surprise. A first target would be one times the balance zone (current range) and second target 2x, so below $3000.What would invalidate this scenario is a snap back up within this range, showing there is a lack of supply and the market will then move back to the top of the range.

LTF momentum on a larger short setup. Weak bounce from the short. Anticipation of the daily bear flag playing out. Initial target 1R

Classic market structure. Clean bear flag setups but expect a lot more downside from the bigger move. Regardless of its true utility, the majority of people that bought Bitcoin did so because they thought it would go up. I don't think the next round of buyers is going to be there and the overhead inventory of trapped longs is probably huge. There is so much supply above waiting to sell, we will probably see a liquidation to clear out that trapped inventory.