I missed last week’s trading and Market Pulse due to personal reasons, so from the previous plan I only managed to catch BTC from my phone. Let’s dive in.
BTC
Daily
RSI looks well-positioned to push higher.
I am currently long BTC from $113K (from the previous plan).
My plan is to take profits once we start taking out those highs.
However, this week’s Monday low is still untapped. Since this is FOMC week, I want to see the gray box support hold to confirm continuation to the upside.
ETH
Daily
I also hold a position here, as ETH is at a pivotal point.
If the mid-range holds, I expect continuation to the upside.
I don’t want to see $4400 lost, otherwise I’ll be targeting:
Range low
Or deeper – the weekly demand zone as the final stand for bulls.
Here are the two setups if we go lower:
Tap at the weekly demand
4H Setup:
There’s a small pocket of demand that I’m watching for a potential reaction.
SOL
Took a small position, as SOL remains very strong.
Targeting potential $300 if momentum continues.
Watching the pocket of demand and the untested Monday low as key levels.
Here is the 4H chart
HYPE
Simple setup: broke out of the range.
If we get a pullback into demand sitting on top of the previous all-time highs, I’ll give this a shot.
Current Positioning
I have three open positions (BTC, ETH, SOL) going into FOMC. Not ideal, but with expectations of rate cuts, I’m staying in them. Let’s see how it plays out.
Good luck.