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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 🔥
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.