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the candle i want from the market
$BTC
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Change in plans – $PENGU update 🐧📈 Momentum is holding way too strong to justify a short right now, so I’m adjusting my ltw setup. Instead of fading this move, I’m looking for one more leg up from here. If we break the local high, it could trigger an even bigger price surge. On top of that, I’m seeing signs of $ETH ETF inflows, which adds to the bullish pressure — so no shorts from this level. #ETHBreaks4000
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🔥 ltw $ETH Setup – Entering Correction Phase ⚡️ Despite the recent bullish momentum from #etf related news — including potential staking-enabled #ETH ETFs and anticipated corporate treasury inflows. I believe we’ve now entered the correction phase. 🎯 Our ltw setup has played out nicely, with #Ethereum surging roughly +150%. ETH is currently at a major profit-taking zone, and I’m expecting a pullback of around -25% from here. 🔻 Altcoins are likely to follow this move with even steeper corrections — potentially dropping -50% or more during this phase. 🛡️ That said, I don’t expect a deeper drop beyond this level. This correction will likely mark the dip for Ethereum before we resume the uptrend. 🚀 Expecting new ATHs in the coming months.
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📌 This is exactly why I don’t open long or short positions on $BTC or $ETH right now. 💥 I avoid using leverage on ETF-grade assets — the risk/reward just isn’t worth it in my opinion. 🚨 #TRUMP just authorized cryptocurrencies in 401(k) #Retirement plans — potentially unlocking $12.5 trillion in retirement capital for Bitcoin exposure. ⚡ That headline alone fueled the latest rally. Here was my ltw setup: 🔹 1. Expected #bitcoin to break out of its downtrend and accumulation zone into a new ATH (failed) 🔹 2. Anticipated a support break for a short setup (this one actually played out well) But now, with renewed bullish momentum and Trump’s pro-crypto stance, we’ve seen another leg up from there. 🚨 Even the most established crypto asset — #BTC — is this volatile. 👉 Avoid leverage in these conditions & Stay smart.
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🔸 $ENA ltf Setup – Looking to Short 💥 $ENA is currently testing a major resistance level, and I don't expect it to break through — especially given my bearish outlook on the overall market. 🔻 On top of that, there’s a 17M token unlock coming up, which should add additional sell pressure right into resistance. 📉 After breaking down from the triangle structure, I’m expecting a sharp move towards $0.55 followed by a potential drop to $0.51 ⏳ Will post the HTF chart shortly. #CryptoIn401(k)
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🚨 $PENGU Correction Incoming? 🚨 ⚡ After a strong breakout, $PENGU appears to have hit a local top — rejecting from its ATH, a key resistance level 📊 Both Elliott and Fibonacci retracement are aligning well here. 🎯 We're likely entering Wave 2 of the structure, and I’m watching for a pullback towards the $0.025 zone. 💥 With a broader market correction on the horizon, this level could present a solid accumulation range before the potential Wave 3 leg to the upside. #Notcoin
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