reiiss7

reiiss7 Updated 

There is no better Seller liquidity than U.S. Open on a Wednesday! If I wasn't already in, my plan would be to Buy here with Tight SL under this supposed Spring or wait for a breakout of 2K. The chances of going lower has decreased considerably. Fear and Greed was under 10/100! The target is 128K for BTC and 5.5K for ETH before a potential collapse. For now,...

reiiss7

This could easily happen considering Weekly + Monthly... I drew this liquidity point 1 year ago when it broke out. The 40.7k point is all untapped liquidity from buyers who bought high leverage and never took profit. Good Long to 60k ish!

reiiss7

We have untapped liquidity at 79.8k Also, a lot of Shorts are in the market since 86.5k Usually in these situations it does a max 10% move before reversing and taking their money. I suspect 92k will be tapped again in the next week.

reiiss7

A Weekly Buying Climax in Macro Distribution supports a movement of altcoins in 'alt season' (a buying frenzy at the top) - something a lot of people are starting to think won't happen, but probably will after they panic sold once weekly support breaks. There is a lot of seller liquidity available over the past few months and people are fickle enough to FOMO back...

reiiss7

A closer view of expected approximate trajectory of Bitcoin for the next few weeks/months. See this chart below which outlines the Macro: A good news event commonly starts with a bull trap, then a bear trap, then the real direction a few days of weeks later. The target would be to get Bears to sell the bottom for a huge Buying Climax.

reiiss7

A lot of people think the bottom is in. Price is overextended. The Fib sequence has already respected once (5.618) Let's see if 79.8k holds. There is also the chance of 67.9k full Bart.

reiiss7 Updated 

An inverse head & shoulders, with a falling wedge, all great ways to induce buyers into the market once the new week opens. Buyers would consider an immediate drop on the week Bullish. When the weekly opens, it may in fact drop momentarily to 94k to create this pattern and start going back up. This would liquidate weekly open high leverage bears and encourage...

reiiss7

Could be a "Real direction, fake move. Fake direction, fake move. Real direction, Real move." It doesn't look great for altcoins. I take a look at a mid-cap coin because it tells you a lot about the market. Where there is less liquidity, the situation can be more clear. This has helped me aid my decision.

reiiss7

Good Long here since the Daily Imbalance never filled. 500 is false support. Bears will be thinking a lot lower, Bulls will be scared to buy at this level.

reiiss7 Updated 

Preliminary Supply area test: Buyers will be waiting at 88k, 85k and open Shorts when 85k breaks Only to get liquidated when it goes back up

reiiss7

Buying Climax (BC) would be accompanied by a HUGE drop in BTC.D Many alts testing their 2021 bull run Break of Structure areas. AVAX is around 76-77. This would make sense if BTC does go to 130K.

reiiss7

As you can see, the Wyckoff schematic below shows a strong possibility that the 2021 bullrun was simply our Preliminary Supply area. There is no way of knowing what the exact numbers are, but there is a strong possibility we top way before 150K, and a fair way above 123.6K, which is where the majority of shorts would be placed. Currently we have a 5 wave...

reiiss7 Updated 

Looking to Short 0.489, as it seems like this is Redistribution still

reiiss7

A retest of the Preliminary Supply area. 104k was never tested. Buyers are waiting at 80k, 83.6k, 88k etc. So here is a perfect level to burn everyone. Ethereum dropped to 2k, and if it drops to 1.7k, 1.5k etc there will be a strong bounce again. Not many people are expecting this level. It might just drop to 68k, 58k etc. But here is a good level for me to...

reiiss7

Shorting the Monthly open is not as easy as it drops and you make money The situation changed, the fake pump already happened now 98.3k hold, for a final 104.1k monthly open liq pump SL 107.7k

reiiss7

Along the same lines of my ETH idea, the annotations speculate what might happen

reiiss7

If we get a Monthly close around this level, it will look awful (Shooting Star with a HUGE wick) A lot will short the Monthly close. ETH can take liquidity around 3469 and drop (Weekly Bear liq) or go higher to 3925 (Max pain for Bears) Bulls would be in profit but the Falling Wedge would encourage them to hold their positions, only for them to get liquidated...

reiiss7

With Trump coming into office, there is a chance of a huge blow off top. This is where I would be selling.