- Weekly market playbook thread;
👉 What ranges I'm looking at.
👉 What levels I'm looking at to play.
👉 What trades I'm looking to take in the short term.
Let's see if we can cook something from this trashy price action.
1/ 🧵
👉 What ranges I'm looking at.
👉 What levels I'm looking at to play.
👉 What trades I'm looking to take in the short term.
Let's see if we can cook something from this trashy price action.
1/ 🧵
First of all, I want to wish all of you a happy NY.
23 will be great for you guys; I can't wait to find all the opportunities together, ranging from alts and nfts to all the new chains!
Time to organize, prepare, and capitalize even more widely! 🫡
markets.... 👇
23 will be great for you guys; I can't wait to find all the opportunities together, ranging from alts and nfts to all the new chains!
Time to organize, prepare, and capitalize even more widely! 🫡
markets.... 👇
Three zones I'll be looking at for swing longs or even accumulation in case of a potential bottom, but I will make a dedicated post to that in the next few days and keep this one dedicated to a trading plan.
Key zones are the following;
- range high
- mid-range
- range low.
Key zones are the following;
- range high
- mid-range
- range low.
I'll be looking for a more significant move on two HTF levels: The mid-range and the range formed around the range-high.
If we zoom in one more time, we can see the current ranges formed around the recent price action and critical levels on that chart.
- HTF Range high (from the chart in the prev tweet) above us
- HTF Mid-range, below us (in blue)
- Recently formed ranges on recent price action.
- HTF Range high (from the chart in the prev tweet) above us
- HTF Mid-range, below us (in blue)
- Recently formed ranges on recent price action.
You can see the three arrows, which mark out the ranges I'm looking to play.
- Red, the recently formed range around our HTF range high
- Purple, the current lower time frame range recently formed
- Green, the range which opens up towards a drop into the HTF mid-range
- Red, the recently formed range around our HTF range high
- Purple, the current lower time frame range recently formed
- Green, the range which opens up towards a drop into the HTF mid-range
- Let's start with the green range.
The drop towards the mid-range critical support.
We need to break our current range low first.
Action: I'll be looking for swing longs and maybe even potential spot accumulation again. But more about this is coming in a dedicated post.
The drop towards the mid-range critical support.
We need to break our current range low first.
Action: I'll be looking for swing longs and maybe even potential spot accumulation again. But more about this is coming in a dedicated post.
- The red range.
Zone in confluence with the macro range high green circle on the chart earlier. A lot of work to do before we can look at this. Good to keep this in mind, though.
Action: Clean reclaim here and the potential of a more extensive range trade into the mid-'20s.
Zone in confluence with the macro range high green circle on the chart earlier. A lot of work to do before we can look at this. Good to keep this in mind, though.
Action: Clean reclaim here and the potential of a more extensive range trade into the mid-'20s.
(Grain of salt hopium fractal for the red range)
While we have to wait for most of these, as we're far from them, let's focus on the range where we're at right now --> the purple range.
While the current macro and HTF are bearish, I'm happy to take LTF trades in this zone. Interest spikes at the low, mid-range, and range high.
While the current macro and HTF are bearish, I'm happy to take LTF trades in this zone. Interest spikes at the low, mid-range, and range high.
We're right now at that range mid-point.
So if we keep in mind that we are at that midpoint, as a point of interest, we can drop a time frame again and look at the price action formed.
We can see that we formed another narrow range there. (in red)
So if we keep in mind that we are at that midpoint, as a point of interest, we can drop a time frame again and look at the price action formed.
We can see that we formed another narrow range there. (in red)
Let's drop down a time frame.
You can see that while we're at the mid-range (black line), we're also at the local resistance/mid-range on the recently formed price action range after zooming in. (blue line)
You can see that while we're at the mid-range (black line), we're also at the local resistance/mid-range on the recently formed price action range after zooming in. (blue line)
One could short here, into the lows, and eventually range low. I am not looking for a short here, but the risk/reward is there.
Another long play I'm looking for is a mid-range flip.
If we don't get the trigger, I'm looking at the 15-16k lows.
Let's see what we get. 🫡
If we don't get the trigger, I'm looking at the 15-16k lows.
Let's see what we get. 🫡
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