ETH is nearing it's ATH. This could mean either of scenarios:
- We break ATH, move from expansion to consolidation, we trade LTF without a higher level bias,
- We break ATH, retrace and expand higher, we look for FVGs/OBs,
- We break ATH, reverse,
- We break ATH and reach higher,
- We don't break ATH.
Now any of these scenarios could play out.
Zooming out, it seems that after the last ATH in November 2021, market reversed, expanded a bit higher to consolidate -- Accumulation. From December 2024, it made a move lower that took out sell stops, gathered liquidity to move higher -- Manipulation. Now, it is expanding after this consolidation move. This expansion lasts where sellers are willing to step in to take large order buy orders.
This is crypto market and there is a lot of hype about it. We are hearing alt season everywhere. Now, whatever that is, there is coming a time, where there would be enough euphoria to convince many people to try their luck at crypto. To flip a $1000 → $5000. A lot of these retailers will become exit liquidity. Smart ones will take timely exits. Some will get stuck. But the smart ones -- "Smart Money" -- are the whales that have bought the coins, and are waiting for their exit time a.k.a Alt season.
Now, just the point of all this seemingly unstructured talk is to say that we don't really know for sure what is going to happen. There is no possible way to know. But we see what the price is trying to do. Currently, it is expanding and can go to one of the possible scenarios listed above. We see what is currently happening on the Monthly timeframe. If it is bullish, we can expect a bullish month. We are in a bullish month, and we trade longs on LTF as the monthly chart develops.
- We break ATH, move from expansion to consolidation, we trade LTF without a higher level bias,
- We break ATH, retrace and expand higher, we look for FVGs/OBs,
- We break ATH, reverse,
- We break ATH and reach higher,
- We don't break ATH.
Now any of these scenarios could play out.
Zooming out, it seems that after the last ATH in November 2021, market reversed, expanded a bit higher to consolidate -- Accumulation. From December 2024, it made a move lower that took out sell stops, gathered liquidity to move higher -- Manipulation. Now, it is expanding after this consolidation move. This expansion lasts where sellers are willing to step in to take large order buy orders.
This is crypto market and there is a lot of hype about it. We are hearing alt season everywhere. Now, whatever that is, there is coming a time, where there would be enough euphoria to convince many people to try their luck at crypto. To flip a $1000 → $5000. A lot of these retailers will become exit liquidity. Smart ones will take timely exits. Some will get stuck. But the smart ones -- "Smart Money" -- are the whales that have bought the coins, and are waiting for their exit time a.k.a Alt season.
Now, just the point of all this seemingly unstructured talk is to say that we don't really know for sure what is going to happen. There is no possible way to know. But we see what the price is trying to do. Currently, it is expanding and can go to one of the possible scenarios listed above. We see what is currently happening on the Monthly timeframe. If it is bullish, we can expect a bullish month. We are in a bullish month, and we trade longs on LTF as the monthly chart develops.
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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.