BTC/USD - TPO
This chart considers the amount of trading activity based on the time. I merged the current period of sideways price action, which gives us the TPO point of control $20750 and the Volume point of control $20900.
I would expect these two levels to act as support and resistance in the current range
@Whalescryptovip
BTC/USD - Daily timeframe
A break above $21400 would likely tempt a lot of traders to begin aggressively longing but the $22800 is yet to be tested and looks like a prime area for swing failure pattern
@Whalescryptovip
BTC/USD - Weekly Chart
Good morning team, no surprises when we saw the price find resistance at $21500. This was a level marked out at the beginning of the year and a zone where we anticipated some resistance. My analysis remains the same. To look for higher, I would like this zone to flip into support. Intraday, the yearly Point of control, has been broken and is yet to be back tested. I would like to see this level tested as this would give us an indication of how strong this current move was.
Last week's price action did happen very quickly, which left behind a lot of inefficacies and value gaps which again could be filled before another leg up in price
@Whalescryptovip
BTC/USD - Update
The first posts will look more at intraday price action, with the following posts focusing long term, as we have a yearly and monthly close.
On the daily timeframe, the price has continued to move sideways, similar to what we saw towards the end of last year.
Two levels to watch for a reaction
$16800 - $16900 resistance
Monthly naked point of control + daily level
If the price breaks above this, the price has room to move towards $17500
Support $16500 daily level
@Whalescryptovip
BTC/USD
Since yesterday's post price has moved towards our area of interest, falling just short of our area of imbalance.
I still think this region could get filled over the next couple of days. We could see a retracement first before the move-up local 0.618 Fib
@Whalescryptovip
XRP/USD
The Fractal showed a while back still looks intact. We have the weekly level below, which is a level of interest for me. I will update further if we reach our zone of interest
@Whalescryptovip
BTC/USD
Friday's analysis played out as expected, with the bearish CVD and drop in open interest giving us the heads-up that a dump was imminent.
Now that price has broken the structure, we could see the price revisit the $17100 level before we see another move down.
$17100 has multiple confluences of resistance. Weekly level, daily NPOC + previous range value area low. My thoughts as we, if we approach would be to look for a short if we see price begin to stall. This could lead to price to test the $16800 which has not been tested yet
@Whalescryptovip
BTC/USD
Liquidation map. Currently, in the market, their delta is positive, which means traders are entering more longs than shorts at this level. This creates liquidity for the market makers to take.
There is significant liquidity above $17k, which I would like to see taken before we have some correction.
Looking below, as expected, there is significant liquidity below
@Whalescryptovip
BTC/USD
Order flow chart
Sideways price action mainly over the weekend, with price dumping upon the weekly open.
Order flow was showing bearish divergences just before the drop
@Whalescryptovip
CHZ/USDT
One coin that could perform well during the world cup is CHZ.
Looking at the technicals, we are below resistance which makes looking for longs here risky. I have also noticed a cup and handle pattern forming on the higher timeframes.
$0.28 is where a bearish order block was located and has now been tested a few times, so I expect this level to break soon. Once a bearish order block has been broken, this would turn into a bullish breaker if retested and held
My targets if we get an entry is $0.39 - $0.55
My invalidation would be if we broke $0.29 and then began closing back below it on the daily and weekly timeframes
@Whalescryptovip
DXY
Dollar strength index
We have seen significant weakness in the dollar recently, and this was compounded by the CPI coming in lower than expected. This is an encouraging sign that potentially, the Fed will begin bringing down rates quicker than expected. As you are all aware by now, the Dollar has an inverse correlation with BTC and the Stock market, which makes a case for a relief pump more probable. Looking at the chart, the dollar looks set to lose its parabolic trajectory. However, this is a little subjective. The level I am watching is the red zone, which, if lost, will be a significant market structure change which, in turn, could signal a rally for stocks and BTC
@Whalescryptovip
BTC/USD
There is a lot of FUD flighing around with the whole Binance / FTX drama, which has put the entire crypto market on edge in the fear we will get another repeat of the Luna fiasco.
From a pure technical point of view, BTC has now filled the imbalance we have had our eyes on for weeks, making the current retracement an obvious one.
The current local resistance is $21300 ( daily)
Local support is $20K, which is the value area low.
I still have my eyes on the great zone $1930. This is where there is a lot of support confluence
@Whalescryptovip
ES1
A Volatile day is expected today, with the FOMC meeting taking place later today, in which the Fed will announce the next rate hike.
If it comes in at 50BPS, markets will react positively. 75BPS, which is what is expected, we can expect markets to remain neutral, but this would also depend if there is talk about reducing it in the next meeting.
Depending on the news later on today, this would have an impact on the above harmonic, which so far is playing out. On days like this, you mustn't take unnecessary risks, as historically both sides of the market get wiped out in the first few minutes
@Whalescryptovip
BTC/USD
After bouncing off the value area high, the price moved up to form a swing failure pattern, followed by another bounce yesterday at $20291, which was also a daily level of support.
We have resistance at $20700 which will need to be cleared to see the price climb higher.
Between the $19400 -$19100, there is a lot of support, and the area I would be interested in looking for longs, but this would become more likely if the price lost the $20K support.
FOMC is taking place tomorrow, which will introduce volatility to the market. Trade safe
@Whalescryptovip
Link/USDT
Zooming out to the higher timeframes price is still in its sideways accumulation zone. The more significant move will come once we get a confirmed breakout
@Whalescryptovip
XRP/USDT
XRP hasn't moved much compared to many other altcoins.
If the price can break the $0.40 value area high of the current range, then we could expect a move up to $0.45 to fill in the inefficiency left behind from November last year
@Whalescryptovip
BTC/USD - Footprint chart
On the order flow chart, there is a Bullish CVD divergence forming, which could signify a more significant entity absorbing all the market shorts coming into the market at these highs. A break below yesterday's low of $20300 would negate the bullish divergence
@Whalescryptovip
BTC/USD
Remember, at the start of the year, I covered BTC high timeframe; the yearly POC now looks like it will be tested very soon. This was also an area the bulls defended before the loss of $20K.
For now, this is the only area I am watching. A break and hold above, then I will look for higher. If we get rejected and change market structure, then it's likely we will have a significant retracement after this run to the upside
@Whalescryptovip
This year has been quite the roller coaster. For some of you, this has been your first bear market experience. But trust me, this is when you have to sharpen your tools as you go into battle, ready to reap the benefits of the next cycle.
This year has been very eventful; we witnessed the collapse of Luna, followed by the fall of FTX but still, the market fights on. As we approach the end of another year
I want to wish you all and your families a merry Christmas and a happy new year. I will be back better and stronger in the new year.
Much love
@Whalescryptovip
BTC/USD
In the wake of the Fed's announcement price hit $18300, which is a fraction below my area of interest. Since then, we have seen the stock market and Crypto dump.
This move quickly turned the bulls into bears.
In the above chart, I have highlighted an area of interest that has multiple confluences
Monthly NPOC + higher time frame Fibonacci support and a daily order block. This zone is where I will be looking to buy, while I suspect many will be looking for lower
@Whalescryptovip
ES1 - The stock market could give us a heads-up on the direction of BTC.
Similar idea to BTC looking for a move up to supply followed by a movement down to demand. I will monitor price action if we get rejected at the bearish order block
@Whalescryptovip
BTC/USD
Overnight the sell delta has been building up, with liquidity building up at $16800-$16600. The orange block indicates where we have a lot of liquidity (100x long) liquidation level, which is where I think the price will go first.
We still have a lot of liquidity above, which I think is a matter of time before that gets taken too
@Whalescryptovip
BTC/USD
After yesterday's move up, the price left behind imbalances between $16500 and $16800
and a bullish order block $16500 -$16300. These levels could get tested before getting another move up as the price now has shifted bullish after breaking the recent lower high.
I also have the $17559 daily level marked as a level of resistance which is also the top the current range price has been trading in
@Whalescryptovip
ETH/USD
With all the FUD surrounding Crypto and, more specifically, the FTX hacker selling their ETH, if the price capitulates, where is the price likely to find support
In this chart, I have applied a fixed range volume prime tool.
The first fixed-range volume profile has been pulled from the start of the bull run to the current price action, and the second range has been pulled from the current all-time high to the current price action.
$900 is the value area low of the second range + previous lows and would be my first area of interest if we fall lower.
Below that, we haven't got much support in terms of volume until $600. This is evident with little volume build-up between this range
The biggest volume support ( point of control ) is located where we saw the breakout in late 2020 at around $400
@Whalescryptovip
BTC/USD
Update!
Over the weekend, price action continued sideways despite all the bearish news with FTX.
Price eventually hit the daily level, and that's where we got the bounce. The price hit $16800, which was the CME gap + bearish order block where we currently find the price.
My plan for today is simple if we get a move up from here, the next level of interest is $17565, which is a new daily level + area of previous resistance above that we have a big zone of imbalance that could get filled before we see the next move downwards
Current local support is $15871 and $15300.
More specifically, I have an interest is $15300 as this would run the low of $15600, which was put in last week. More updates to follow
@Whalescryptovip
Some thoughts on the current market conditions
.
This week has shown us that anything is possible in this crazy volatile market we call Crypto. Yet, another lesson in “not your wallet, not your Crypto" Due diligence on which platform you trade is more important than ever. Undoubtedly, this will be a challenging time for many. I have been through two bear markets and watched BTC drop 50% in two days. One thing that stands true is that once the dust has settled, thats where the opportunity lies.
”When times are really bad, we forget that they will ever be good again, and when times are good, we forget that times will be bad again"
Tilman Fertitta
@Whalescryptovip
XRP/USD
Pump to $0.5, but what now?
Historically when XRP decides to pump, the XRP army fomos rushes in, which can make it difficult to predict the exact top.
On this recent pump, the price tested an old area of imbalance + 0.618 Fibonacci with $0.52 also being a bearish ordeblock.
This will be one to watch over the weekend
@Whalescryptovip
UNI/USDT
Possible Gartley harmonic
What I like about this setup is that the 0.618 aligns with the monthly level. The idea is to look for scalp short if the price rejects on the monthly level $8.33. If the harmonic plays out fully, then we will look for a long at point D. I will update further if the criteria is met
@Whalescryptovip
UNI/USDT
Possible Gartley harmonic
What I like about this setup is that the 0.618 aligns with the monthly level. The idea is to look for scalp short if the price rejects on the monthly level $8.33. If the harmonic plays out fully, then we will look for a long at point D. I will update further if the criteria is met
@Whalescryptovip
Near/USDT
Keeping an eye on this red zone to flip into support to target $3.51
Further updates to follow
@Whalescryptovip
