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BTC & ETH Structural Market Analysis
⭕️Methodology:
• Dow Theory
• 1D: HWC
• 4H: MDC
• 1H: LWC
Market Outlook:
Yesterday's structural analysis remains valid for today, but let’s review the key levels again.
Today’s approach:
1️⃣ Wait for Total2 to react at 1.53 – if it breaks upward, we hold our positions.
2️⃣ Take profits quickly – if weakness is spotted in the trend, close positions without hesitation.
Note: There’s a chance of fake breakouts on long positions, but personally, I’m willing to take this risk. If TOTAL breaks its key resistance, we may see a strong rally.
Key Levels & Scenarios:
♦️ BTC ♦️
• Important levels: 115 and 120.
• A breakout of these levels will define bullish or bearish scenarios.
• Long trigger remains at 120.
♦️ BTC.D ♦️
• Bullish above 61.44 and 62.17 – bearish momentum in altcoins.
• Bearish below 60.83 and 60.42 – bullish rally in altcoins.
• If BTC dominance climbs, 62.74 is the limit where we stay bullish on BTC pairs. Beyond that, focus shifts fully to BTC itself.
• If BTC breaks 119,500 while dominance drops, it confirms holding or entering longs on altcoins.
♦️ TOTAL ♦️
• Still struggling with the 3.85 resistance level.
♦️ TOTAL2 ♦️
• Successfully broke 1.48, leading to the recent altcoin move.
• Next critical level: 1.55 – a breakout could trigger a strong altcoin rally.
♦️ USDT.D ♦️
• Breakdown of 4.22: keep positions open.
• Breakdown of 4.13: start of a new bullish trend in BTC & altcoins.
• Fake breakout around 4.13: expect range-bound movement between 4.13 – 4.37.
• If 4.37 breaks upward: expect corrections in BTC & altcoins.
♦️ ETH ♦️
• Weakness visible in ETH/USDT chart; candles are not giving strong signals.
• ADX oscillator suggests a sharp move is coming (direction TBD).
• If RSI climbs above 70 with current ADX conditions: expect a sharp bullish move.
🔥 If this analysis helps you, hit that follow & smash the 🚀 to support my updates! And share your comments 🔥
BTC & ETH Structural Market Analysis
⭕️Methodology:
• Dow Theory
• 1D: HWC
• 4H: MDC
• 1H: LWC
Market Outlook:
Yesterday's structural analysis remains valid for today, but let’s review the key levels again.
Today’s approach:
1️⃣ Wait for Total2 to react at 1.53 – if it breaks upward, we hold our positions.
2️⃣ Take profits quickly – if weakness is spotted in the trend, close positions without hesitation.
Note: There’s a chance of fake breakouts on long positions, but personally, I’m willing to take this risk. If TOTAL breaks its key resistance, we may see a strong rally.
Key Levels & Scenarios:
♦️ BTC ♦️
• Important levels: 115 and 120.
• A breakout of these levels will define bullish or bearish scenarios.
• Long trigger remains at 120.
♦️ BTC.D ♦️
• Bullish above 61.44 and 62.17 – bearish momentum in altcoins.
• Bearish below 60.83 and 60.42 – bullish rally in altcoins.
• If BTC dominance climbs, 62.74 is the limit where we stay bullish on BTC pairs. Beyond that, focus shifts fully to BTC itself.
• If BTC breaks 119,500 while dominance drops, it confirms holding or entering longs on altcoins.
♦️ TOTAL ♦️
• Still struggling with the 3.85 resistance level.
♦️ TOTAL2 ♦️
• Successfully broke 1.48, leading to the recent altcoin move.
• Next critical level: 1.55 – a breakout could trigger a strong altcoin rally.
♦️ USDT.D ♦️
• Breakdown of 4.22: keep positions open.
• Breakdown of 4.13: start of a new bullish trend in BTC & altcoins.
• Fake breakout around 4.13: expect range-bound movement between 4.13 – 4.37.
• If 4.37 breaks upward: expect corrections in BTC & altcoins.
♦️ ETH ♦️
• Weakness visible in ETH/USDT chart; candles are not giving strong signals.
• ADX oscillator suggests a sharp move is coming (direction TBD).
• If RSI climbs above 70 with current ADX conditions: expect a sharp bullish move.
🔥 If this analysis helps you, hit that follow & smash the 🚀 to support my updates! And share your comments 🔥
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Declinazione di responsabilità
Le informazioni ed i contenuti pubblicati non costituiscono in alcun modo una sollecitazione ad investire o ad operare nei mercati finanziari. Non sono inoltre fornite o supportate da TradingView. Maggiori dettagli nelle Condizioni d'uso.