taztrader

The BTC ATH rally began post cash close and had very thin volume on the break out before setting this range on the higher time frames. Normally, a range after ATHs are made I would be extremely bullish and I am. Aside from the failed breakouts at the highs, the attempts paired with nuances such as the crypto week impulses, the day of signing GENIUS and new regulatory acts being drafted now, the attempts to break those ATHs were nudged off. Sometimes come failed moves come fast moves, and so I have to be prepared that BTC will trade between these thin areas on the volume profile from 111k to 115k. 113k being the most noticeable node in the entire profile. Similar to my analysis on the break to ATHs, I would expect this move to be aggressive and remind us of a 2020 cycle style flush in Altcoins. Kind of already seeing it with the performance of alts today preempting the failed move up on BTC at range highs. I will NOT be shorting anything in crypto, these are just areas that I am heavily interested in buying. Currently flat perps and will wait for BTC to make its mind up.Forgot to update but we got it and took a long there, capture some of the recovery and closed now. But now waiting again for more decision making.

XRP is breaking out of a consolidation zone and above a volume point of control that has been massive since its November rally onward. Looks like next node is to $3.14 Super strong coin. Ripple testimony in banking committee yesterday was bullish. Ripple partnering with BNY Melon yesterday was bullish. Ripple leading regulation standards with their XRP case is bullish. Ripple winning the status of XRP as one of a kind is bullish. Ripple getting a bank charter and fed master account is bullish. Not much is close to XRP fundamentally.Trimmed trade at this level its at the next volume node, it expanded really fast. Probably goes to 3.12 - 3.14 or through it a bit, then assuming does business there sideways and continues to new all timehighs.ATH broken trimmed and left a little on for price discovery, great trade.

Bitcoin has a great chance at cracking new all time highs and breaking out into price discovery this month. On July 14th, the US is considering it Crypto Week. Signing in the GENIUS bill, and more around crypto assets. Bitcoin has held this volume shelf at around 104/105k for a while and these relative equal highs on the daily look like they can crack. I have highlighted some zones on the chart that I'd consider extremely important levels. If we do crack these highs , I am on the side that the price action will be extremely expansive after all the work that has been done at those high volume clusters. If it fails I believe we should trade back to the high volume clusters, and if that doesn't hold, then we should trade through the thinner volume to do more business before bouncing off of the POC at around 96.5k. The 50,150 & 200 EMAs are all signing ideal strength. Virtually all expansions in their early stages from 2023 to now contained these crosses on the Daily TF. I am long BTC on a high timeframe. Macro narratives are strong, the asset is strong, and the downside is always in our control to be limited.BTC breaking ATH right now. US holds hearing on crypto & representatives put on for crypto.

We bleed lower on a ripping indices market but I have to execute the trade anyways. Why so aggressive and oversold on a ripping tradfi market. They're diverged and so i think theres opportunity to make a decent trade. Small stop and normal size.Stopped out.

AVAX/BTC looks good and so does the USD pair here. Can limit risk below the range which was flipped. Will probably keep this one open for a few days if it recovers strong. CPI data came in good! But we sold off. After the big drop from current weeks and Asia session chaos, I think we locally bottomed and could see a bounce across tons of ALT/BTC pairs. AVAX is one that stood out to me. Got long and lets see.

XRP looks strong right now; Relative to the market.XRP on the move, around 0.66 USD now.Ripple concludes the case with the SEC, XRP sees 30% quickly while traditional markets and other assets crumble in a correction. This is going to be so strong when the market is done correcting. I suspect lots of news with Ripple will be revealed now that they have no overhead.This trade is still ongoing and arguably (IMO) one of the greatest possible opps in our lifetime, maybe I'm crazy. But there seems to be little to no downside fundamentally and narrative wise.

XRP looks to be on the verge of breaking out to the upside with a Bump and Run type chart. We have broken out of a bearish trend, retested, and are continuing upward at this moment. There is expected resistance on a monthly time frame around the $0.84 USD level. But I believe it will reach that area rather quickly over. From my experience with XRP it moves quickly and with high volatility. Sometimes getting these 20-35% moves in a singular day. But retraces quite strong. The idea here is the longer time frames and daily time frame confluence. Ripple has won the status of XRP being a non security, we saw it rally to $0.95 that exact day; Then retracing the entire move. XRP dominance is beginning to bounce, and BTC & ETH have run. Alts are starting to reprice, and XRP will follow. XRP/BTC is in a demand zone, XRP/ETH is in a demand zone. XRP/USD is breaking upward. If I were to put a timeline on this move to 0.84 for some heavy resistance it would be in the next 3-4 weeks.XRP now up nearly 5% today. Bump and Run is still in play. BTC ripping up, a lot of alts actually bled out from this move, and I believe we see XRP as one of the only majors rally pretty heavily. Targets are still proper and in play.XRP showing more strength.It is now breaking out, trade still in play.

October has come to a close bearish on the monthly. On the daily we just covered the Volume Imbalance and may reach into the FVG above, but I believe the down side continues. We have equal lows waiting to be raided below with more air below that. Rates decision will come in tomorrow November 1st, 2023. I wonder if the market will react Hawkish amid war outbreak and general state of economics; Even if there was a pause. A cut would lead to an amplified disaster long term while a hike would enhance the market correction. All the Fed should and probably will do is pause rates. Leave the disruption to the war and pin the blame there while the market corrects. We are living in a truly remarkable state of the markets. A once in a lifetime opportunity to position for the rebirth of finance as we know it. I am bearish right now and remain confident that any upside is fuel to an even worse downside. November will be interesting. God speed everyone, have a good November.

XRP looks bullish on the weekly. Last Weekly engulfing previous bearish candle. Crossing over 200EMA after bouncing on the 50EMA. $0.5735 & $0.5968 is not out of the picture, and appears to be a liquidity zone just after the equal highs/buyside of $0.5494 A balanced price range sits from 0.55 to 0.60. With a Consequent Encroachment at $0.5733. I usually treat the CE as a battleground for price action to find its equilibrium, but as we just broke higher time frame bearish bias I believe if we trade through the CE of the BPR, that XRP will rally to the next PD Array which I will consider the 0.67 FVG on the weekly. Overall bullish on XRP for HTF.

XRP - Inverse Head and Shoulders on the 1D XRP seems to be forming an inverted Head and Shoulders on the daily. If this breaks out, I expect it to march toward $0.633. RSI is showing "overbought" territory, but markets can move one way longer than many can remain solvent. IMO, dips on XRP are for buying. A reset of RSI or a cooldown of turbo upward price action is for buying. If we flip 0.633 and retest it to turn it to a support level, this thing could rip to $1 quickly. Like my previous cup and handle post I made, I mention the case with the SEC and the June 13th SEC documents to be released. I expect this to be extremely bullish for XRP. Ripple looks like they are the winners in this case, which sets precedent, and gives XRP the title of "only token with clarity". In this case, there is institutional interest and buying that would take place; JP Morgan made this clear, that they're a buyer if Ripple wins the case for XRP - I wonder who else is a buyer? I expect many partnerships and projects to be revealed with XRP and Ripple after the case, and price will probably only go higher. On June 25th, the Bank for International Settlements (BIS) will be releasing a document on their idea for CBDCs and a "unified ledger". Ripple is an active partner of the BIS, with many projects and mentions for XRP and the XRP Ledger in their documents over the last 6 years. This document released on June 25th will likely include chatter around the XRPL. If this is the case, there is no doubt in my mind that this whole SEC XRP clarity thing is bigger than many can fathom. Just keep an eye on them and what they do. It's not wrong to imagine a higher XRP dominance if this all takes place, and a 'lifeboat' scenario where people will flock to the safe haven, because why wouldn't you hold it? The upside is way too significant and the chart looks awesome. In essence, XRP has inverse H&S on 1D, super bullish catalysts for FA, and lots of sidelined capital waiting to jump in when the green light comes on. Will be watching this, this is a long trade.