Market Structure and Derivatives.

Chicago
$ETH now approaching $2544, which is the focus for the duration (Weekly). A base of 2544, is a sign of strength in alignment with larger timeframes and invalidates the current NEUTRAL state. A failure to base on the weekly plays to the theme, and puts the market @ risk of a reversion of the advance.
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Update on $ETH $ETH broke 2447 on the daily putting a pause on the momentum. Basis the weekly price remains positve over 2400. Daily map rolling over at 0UTC.
ethereum:native breaking out basis the daily over 2455.81. If the MKT is good, a base of 2455.81 should hold and extend higher looking for the Weekly R 2544.08 (on the right chart) on the session. If the MKT fails to remain over 2447, that is the signal to lighten up and reasses for the day. Keep it simple, ETH over the previous week's close at 2400 this week is positive. Momentum is the focus.
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ethereum:native breaking out basis the daily over 2455.81. If the MKT is good, a base of 2455.81 should hold and extend higher looking for the Weekly R 2544.08 (on the right chart) on the session. If the MKT fails to remain over 2447, that is the signal to lighten up and reasses for the day. Keep it simple, ETH over the previous week's close at 2400 this week is positive. Momentum is the focus.
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Spencer retweeted
#SP500 POSITIONING INTO THE MID-TERMS The Monthly fact foundation for $ES_F. TIMEFRAME: PMH 7848.5 PMM 7711.75, PML 7575 STATE: BULL TREND SENTIMENT BIAS: +> 7429.75 MARKET STRUCTURE: 7872.50 UP, 7724.25 DIR, 7577.25 DP Everything till Nov 1st occurs within this framework.
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2248 lost. $ETH weekly remains vulnerable until a rebase of 2468.82 is made and confirmed over 2489.
ethereum:native under some pressure overnight. 2562 - 2448 is the focus for the trend to remain in tact. Lose 2448 and longer time frame structure is below.
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ethereum:native under some pressure overnight. 2562 - 2448 is the focus for the trend to remain in tact. Lose 2448 and longer time frame structure is below.
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NFP, Monthly open and Quarterly open out of the way. $ETH remains contstructive, but needs a base over 2758 in order to reengage last month's high 2807 - W UP 2833. Without it, vols could continue to bleed into the week close.
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Wrapping up Q3 over on the @bookmap_pro weekly stream. New data tomorrow night, and a reload of binary events on the horizon. Q4 is setting up to be quite interesting. youtube.com/watch?v=zB7KWqTB…
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When you are up at the black jack table, your whole #psychology changes. When drinks come around, you're more apt to buy a round, or maybe buy a few for those around you that are down. The same thing happens in markets, and specifically in #crypto cycles. While $ETH and $BTC have stalled, the rotation trade has been alive and well. Here is a quick video from last week on this concept as we continue to see this theme play out. tradingview.com/chart/NEARUS…
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$BTC with the red to green touch on the yearly. 87,501 still the number to flip the Year back green.
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An update on last week's video about $ETH post-FOMC as we approach the first Monthly target. Easier part of the trade seems to be off the table as we approach some longer duration figures. youtu.be/NpNDQWNg_2Q
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$ETH a story of 2 maps today. DAILY = Defines continued momentum WEEKLY = Provides overhead resistance Basis the daily, $ETH > 2490.2 gives legs to a transition through the W DIR 2518.4 with a WHAT IF up to the W UP 2658.17. Basis the weekly, $ETH has reached the W DIR 2518.4 from the DP 2375.2 which is a normal stalling point. Simplified $ETH < 2490.2 momentum slows for the session 2518.4 > $ETH < 2490.2 constructive and awaits new data tonight $ETH > 2518.4 WHAT IF in play up to the W UP 2658.17
Seeing a lot of bearish commentary out there. And for good reason. Oil, Rates, Clarity Act, Seasonality, you name it. Yet structure remains firm, and it's the bulls ball to lose. $ETH SEP what to watch for: youtu.be/NH6LVUFja8E?is=0AxB…
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ethereum:native at PWC (2475.69) natural pause. A base above, opens the door for further momentum.
$BTC and ethereum:native with a bit of divergence from the broader TradFi market. Hard to be short over the PWL (2404.92) at the very least. So far, more of a lack of selling vs. all out buying.
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Seeing a lot of bearish commentary out there. And for good reason. Oil, Rates, Clarity Act, Seasonality, you name it. Yet structure remains firm, and it's the bulls ball to lose. $ETH SEP what to watch for: youtu.be/NH6LVUFja8E?is=0AxB…
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