Unsurprisingly, many of my Jan Crypto setups are now invalid or missed long trades, due to the heavy 🐻 bias during screening.
Those that are left represent excellent R/R if BTC corrects off this pump, or are @ tipping points for a perfect long entry if prices squeeze
Crypto 🐂 & 🐻 Setups - Support & Resistance
BNB - Stalled @ previous resistance / short reversal / long breakout BSV & FXS both stalled @ descending resistance/short reversal / long breakout LOOKS - Stalled @ falling wedge resistance / short reversal / long breakout
Crypto🐻 Setup - Support & Resistance
SOL - Approaching previous key support / short if flipped into resistance
The daily 200 SMA has confluence with potential resistance & would be a classic TA point of reversal for Solana
Crypto 🐻 Setups - Descending Triangle
AAVE - Still in a DT / stalled @ previous S/R & the golden pocket. DB target could invalidate setup
CTK & SNX both produced a perfect rejection from DT resistance
Crypto 🐂 Setups - Falling Wedge
BICO & OGN - @ falling wedge resistance / awaiting breakout for long or reversal for shorts with clear invalidation
Crypto 🐂 Setups - Falling Wedge & Channel Breakout
SAND & GLMR - Falling wedge breakout to weekly mean reversion / awaiting follow through or S/R flip
XMR - Fib channel breakout now stalling @ 1W POC. Ideal entry = flip previous resistance @ 160 into support
This post is based on this twitter thread.