ColdBloodedCharter

Another chart and another variant of a WYCKOFF DISTRIBUTION schematic — this time on the medium-term DOGE charts. Crypto is absolutely riddled with distribution patterns these days. Across all timeframes: I’ve shown you the clear 5-year DOT distribution, the current-cycle $RENDER distribution schematic, and the short-term $EVAA distribution setup. Serious capital has been leaving crypto. You’ve seen rallies in metals, big stocks, and the Nasdaq — but not in crypto. Cryptoville is Distribution-ville right now. Just my two cents. As for the #DOGE mid-term charts (4H/6H), HIDDEN BEARISH divergences keep popping up on the 4-hour. The next leg should be DOWN, with the next SUPPORT at 17.5c. Lose that, and my SHORT is going to start PRINTING. 💙👽

Time for a big call, a full EXIT from BNB for me, the time has come. My latest spot entry at $1040 was based on the then-expected DEAD CAT bounce, and that's exactly what materialized. The #Binance coin did precisely that, a WAVE B that peaked around the $1185 mark, and did NOT manage to reclaim the 50 MA (yellow) short-term momentum line in the sand. The dead cat SURGE also ended at a textbook fib 0.382 level followed by a loss of the fib 0.5 level at $1119, and that was a BEARISH FLAG breakdown level (targeting... $753, yes). So, the BEAR FLAG breakdown, the textbook completion of WAVE B dead cat, the down-curved 50 MA in confluence with the FALLING TRENDLINE. The BULLISHNESS has evaporated, deal with it. How I deal with it: full EXIT from my recent SPOT at 4%+ (TP1 was at 11%+), full exit from the whole long-term portfolio BNB. It has been a great ride. And a short POSITION, using all of my recent SPOT profit as margin. SHORT at $1083 STOP LOSS: above the 50 MA ($1140 roughly) + above the trendline, 25% stop loss after every 4-hour CANDLE close. TAKE PROFIT: 33% at $965, 33% at $865, and the rest at $755. Btw, huge amounts to be LIQUIDATED below $1000, people have aped in not knowing that it was a DEAD CAT. Brutal, but fair, in my mind. 💙👽

I'm stuck with my ONDO spot bag ($0.907 entry) that I bought on 10/10 before Trump stirred up some serious crap with CHINA. I will EXIT below the $0.666 SUPPORT (DOUBLE BOTTOM for now), as the price has been stuck in a range between 66.6c and 78.2c, forming a RECTANGLE — a BREAKDOWN below would have a measured target around 55c. A breakout above $0.782 would target 90c. This whole 12-HOUR chart (and the DAILY too) simply looks like just another WYCKOFF DISTRIBUTION schematic, unfortunately. A lot of BEAR RSI divergences recently — a REGULAR one followed by three HIDDEN ones. The momentum has been awful for 7 weeks in a row, just a solid DOWNTREND. A lot of positive news — the LINK one, the #RWA push by Larry FINK, etc... No reflection on the charts. All I see is distribution, lower and lower without any serious buyers stepping in. It's a BEAR MARKET coin, and below $0.666 it could fall like a stone, imo. I will update when it breaks out of this range. My STOP LOSS at $0.65. 👽💙 #blackrock

PUMP looks much better than most coins, and on-chain data still acts as #hopium . It just had an incredible 60%+ up rally from 34 to roughly 55c recently, followed by a retracement to a GOLDEN POCKET (41.5c). These last two moves could have been WAVE 1 & 2. The price action has been finding support above the 200 MA + 0.5 fib. There could be a bigger move in store next — either to the DOWNSIDE, in order to sweep LIQUIDITY down to $0.00387 (fib 0.786 - must HOLD level), or to the UPSIDE, but the GOLDEN POCKET will act as resistance up to $0.00502. Possible LONGS if the GOLDEN POCKET gets retested as SUPPORT again. BEARISH MACD CROSSOVER, early stage, so definitely no entry for me yet. Liquidity sweep below $0.004 followed by a strong reclaim of the 200 MA — this is the perfect scenario. Not a hopeless chart, this #pump unlike some other coins. 💙👽

DOGE is now a BEAR MARKET coin and I'm shorting it at $0.187. Similar story to XRP after both have lost their confluence of supports (200 MA + horizontal) and bearishly retested, in DOWNTRENDS, DEATH CROSSES (50 MA to cross below 200 MA) on the DAILY chart, HIDDEN BEARISH RSI divergences on many timeframes, a lot of stuff and nearly all of it — bearish. Low-leverage #short with a manual STOP LOSS: I will close in 4 parts, 25% on each 4-HOUR candle close above the 200 MA ($0.209 atm), or sooner if any solid BULL divergences occur. There is no intent on the chart; buyers never stepped in in OCTOBER and are unlikely to do so anytime soon. Risk-off climate across all markets, not surprised that the KING #memecoin has been entering its BEAR MARKET territory. And many other coins look very similar. Anything below the 200 MA on a DAILY chart, I would rather not LONG as long set-ups tend to fail too often. Longs above 200 MA, shorts below 200 MA — this is the approach. 💙👽

XRP is quickly becoming a BEAR MARKET coin, I'm afraid to say. The 200 MA on the DAILY has rejected once again; the horizontal and golden pocket support levels have been flipped into hard resistance zones. Also, both the 50 and 200 MAs (yellow and green) are not only acting as dynamic resistance in confluence with the horizontal one, they are poised for a DEATH CROSS as well. HIDDEN BEAR RSI divergence recently on the DAILY and currently on the 4-HOUR chart. It looks like the rally from the 10/10 collapse bottom up to $2.7 a few days ago was just a DEAD CAT bounce (WAVE B), and WAVE C targeting $1.20s could be next. And one of my favorites, the ELLIOT WAVE oscillator (white arrow), is showing a high chance of another WAVE downwards soon or next. Shortable coin. 💙👽 #XRPArmy

$RENDER is another one of those cases which, like DOT pretty much, seems to exist only for DISTRIBUTION purposes. I published the #dot WEEKLY chart earlier on, showing its full life that has essentially been a variant of WYCKOFF distribution schematics. And #RENDER is very similar in the current 'BULL MARKET', an attached 3-DAY chart shows the whole of the price action since JANUARY 2024. Take a look at the DISTRIBUTION SCHEMATIC #2 pasted above the PA. Textbook almost. This absolute collapse could have been predicted, clearly. After this year's JANUARY blow-off top ($12), I saw what was forming and completely lost interest in this asset. Learn your WYCKOFFS guys, and avoid coins that are looking like this one — you will save yourself a lot of money. And that’s my official financial advice, actually. Lol 💙👽 #wyckoff

SOL zoomed in on the 4-HOUR chart is looking much better than most major cryptos. In an UPTREND after a TRIANGLE #Breakout and with a HIGHER LOW on the pattern's upper trendline. Once again, lots of SUPPORT below, all kinds of it. It's ready to start a new cycle upwards, no ELLIOT WAVE count yet though, but the correction seems to be complete. Obviously, a lot depends on BTC , so hopefully no dip below the 200 MA there. There could be a potential flash-crash in the market, so my STOP loss is manual, using candle closes (below $170) rather than a set level. My targets will be based on ELLIOT WAVES once a solid count appears, but for now, I'm watching these levels: $206 (rejection here again could be brutal, and breakout above a volatile one), $234 (TRIANGLE target), and the zone between $254 and $264. We’ll see how it goes — easy with the stakes, lots of chaos in the markets, no PCE numbers today due to the GOVERNMENT #shutdown in the US. 💙👽

SOL has had $154M in #ETF inflows this week, not bad for the first few days on the market. But this is not a reason for a LONG ($187) I have just opened. The original plan was to LONG the $205 breakout for a while, but a HIDDEN BEARISH RSI divergence flashed and the $205 resistance got retested, printing a LOWER HIGH again, and the price dipped to retest the 200 MA + the ascending trendline (confluence of SUPPORT). It was the 4th retest this month and it has been solid, each time giving us a HIGHER LOW as well. I highlighted in light-blue also a horizontal SUPPORT ZONE and #solana has been sitting inside of it, so there is plenty of support of all kinds, including a GOLDEN POCKET ($172 - $176). A sequence of 2 HIDDEN BULLISH OBV divergences triggered this LONG at the end. And below the pocket is where I would EXIT this trade — 2 or 3 candle closes (4-hour ones, not the daily ones) and I'm out. I also highlighted an interesting fractal of price action: notice the Q4 2024 resemblance to the current behaviour — DOWNTREND toward the same horizontal support ZONE supported by the 200 MA, followed by a huge SURGE. This is quite a risky trade due to the general market circumstances, and I will monitor the reaction very closely around $200 again, and possibly add to size on a BREAKOUT as originally intended. 💙👽 #long

Longing SOL here at $187. Reasoning within 30 minutes in the next post. Modest stake, SL: two 4-hour candles below $170. 💙👽