90% of people don't know how to optimize buying levels in a macro price dump.
A few days ago, I shared my buying levels for btc and why I think they will be reached.
Here's an analysis on my buying levels for eth 👇
(Prices at the end of the 🧵)
First of all, why I think there's still more downside to go:
The btc z-score indicator has been historically accurate at signalling cycle bottoms.
It always happens when the value drops below -0.4.
It's very close but it hasn't happen yet.
Now for the buying levels.
Using the Fixed Range Volume Profile tool from TradingView on the entire eth price history on Binance, we get the plot in the image.
I have added my thoughts on the screenshot but here's a long story short:
We are close to reaching price ranges where there has not been a lot of traded volume.
This means price will basically go by very fast in those regions. Why?
Because large institutional buyers know that the resistance is in the lower levels, so they know they can buy lower.
You can see this in the image I attached.
It's actually not very difficult to interpret once you know how to use these tools. Plus, they're free.
Once you know the region of interest, maximize your chances of having your orders filled.
This can be done by setting orders at highs and lows inside that region. Why?
Because they're easy to see, so everyone puts their orders there.
It's a self fulfilling prophecy.
For these *analytic* reasons, my buying levels for eth would be (in USDT):
1000, 846, 691
These are not absolute, of course. You can also spread your entries more.
Just don't put your orders on random places. You'll be leaving everything to sheer luck.
If you'd like to check out my buying levels for btc, here's the original thread:
That's a wrap!
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I usually post automated trades and price forecasts from my AI here and in the Discord (
But I also enjoy tweeting my own analysis of markets.this twitter thread.