CryptoBully

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$BTC update
One of the few accs here that weren't doom posting the lows cause of the fear of "rate hikes" and "clarity act" refusal.
We bid the lows at $75k and took partials at $85k, which is more than decent of a trade (check last 2-3 trade posts on BTC for context)
Now as it stands, if we get a clean rate of the range highs, I'll look to play continuation towards $92k, if we fail to do so and close back inside I'll rather sit on my hands and see how it resolves. GLHF
BTC+0.78%
$ETH
The level we discussed months ago that once we get break of $2k, $2-8k was our next level of interest.
So the reaction at this level is key, if ETH can sustain a bid and flips above, we likely see some continuation $3.2k at least. Or a rejection from here would make $2.1-2.2k volume imbalance a good bid.
Market already priced in rate hike and clarity act and now we got the aggressive impulse, so I'm more inclined towards continuation, however we wait for our trigger.
ETH+0.17%
Being wrong and accepting it is one of the best skill you can develop as a trader.
If you engage at the key highs/lows looking for continuation but price quickly shows acceptance, taking a trade in opposite direction is often a good reversal trade
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Back to 72-73k or close on the FOMC
Then rip back up as a V reversal
That's a bet you should be willing to take as a good R:R. Markets don't really care about hikes once it's as priced in as right now
Could be wrong, but still good R:R so I'll take it
As prices are trending, some of you would end up selling too early while others would round trip.
So one simple tool that I use during trends is Anchored VWAPs. Simply anchor the VWAP from start of the trend and general rule of thumb is, prices holding above the VWAP is=bullish and trend is to continue and vice versa.
This is not a trade trigger but a good gauge of at what point we are in terms of trend overall
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$BTC Detailed Update
Kind of similar environment to what we had last year. Memes heating up alongside geopolitical tension right while we are at the range highs (not calling for a top)
But if we do end up correcting, these are the levels I'm interested to knife catch. $75k which is nice resting liquidity alongside aligning with Anchored VWAP retest.
Next zone would be $70-71k which is roughly 50% retracement of this whole parabola which quite often results in a bounce.
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BTC+0.78%
How to identify breakouts/large moves before they happen in real time?
Mark out the range highs or lows and wait for price to trade into it. If price SFPs the high/low, it is usually a reversal trade setup for mean reversion.
However, if price impulses through the highs/lows leaving behind imbalance with good volume, bid the next candle open or wait for move into imbalance for continuation
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Overcrowded/obvious highs and lows tend to front run when price has a liq cascade or a sharp move into it.
As limit buys tend to have orders sitting in these levels as well as short sellers having their asks at these levels and price has tendency to front run/trap traders at these key levels
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Market thoughts very simple right now
68-72k is the area where a perfect long with clean invalidation below presents itself. But not sure if you get that good an entry
If you took profits with me on the way up, that’s when you size up again
Charts tomorrow
$ETH
Little late to update this, but we got our second trigger, price impulsed through the 2k level and we got +30% move almost
TLDR: long new highs/breakouts, much of your gains in crypto will come from these sort of trades
ETH+0.17%
$SOL
As per the updates we made previously, our initial TP was the range highs at $83 and I mentioned explicitly I was holding good chunk of pos since market showed momentum.
Took some more of this position off here as we swept the Q2 (April) highs. Trade majorly done, if we see a flush again, I'd like to bid low 80s.
SOL+0.46%
As a perp trader
The social trading app wars are going to be fascinating
What happens to a market that’s run out of sellers when you breakout with strength after a 10% range with 35 vol for 3 months?
Let her rip
Don’t short or sell too early, learn to be uncomfortable in spot
$SOL
Our first long in a pretty long time on Sol, Price as soon as we entered went parabolic, although the TP I mentioned in the prev update was partially filled as I had limit asks and left the rest to run since price sliced through it with volume.
Will see how this develops, if we accept back below $83, I'll cut the rest of pos, if not higher it is.
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SOL+0.46%
$ETH
HTF view point. We traded this back at the lows around $1500 as majority of the time these low tend to front run. So the trade is majorly done as you can get trapped right below the resistance if you bid here without confirmation.
So I'm looking for the break of $2k and hold to consider buying breakout, otherwise not interested for much as it stands
ETH+0.17%
$SOL
No climax since 50 days or so as price has been trading in 70s. No trigger for me to trade just yet, if price retests the demand in green, I'll look to bid or buy breakout in case price trades above the highs at $77 (marked on chart) for a move towards the high at $83.
SOL+0.46%
I think major altcoins run hard soon
So does gold
Positioning accordingly
Volume Profile Cheatsheet 💯
Volume Profile are the bread and butter of my trading strategy. Backtest this if you're a beginner.
Trading Volume Profile is fairly simple when combined with basic price action. It helps identify key support/resistance levels and areas where the most volume is traded.
Below is everything you need to understand it:
Point of Control (POC): The price level with the highest traded volume. Price often revisits this level.
Value Area (VA): The range where a significant percentage of volume (usually 70%) was traded. It includes:
Value Area High (VAH): The range high. Val
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