Transcription
Hello and welcome to the Maiden Voyage market outlook on the new channel. If you don't know me, my name is Paradise. I've been trading crypto since 2017 and I'm a trader and analyst in the Miles High Club. Here, I'll be giving you regular updates and outlooks on the key things you need to be watching in this market. So, let's jump in.
Starting with BTC, it has been a very volatile week. We obviously clipped the highs, formed an SFP on the weekly, but now we've pretty much rotated down to the range lows. So, this is where we need to start paying attention. Now, there's not really anything actionable for me here. We have lost daily trend, H4 trend and H1 trend. So short of those being reclaimed, I'm looking for some sort of liquidity sweep with signs of absorption and possible divergences forming.
Now, right now, the best level for that is into these lows. The reason we like these lows, yes, it is the current range, but it's also lining up with the breakout point we had, which pushed us into new all-time highs. So, while there's nothing actionable for me to do right here, if we get that sweep down here, there's a 4hour intra demand pocket that I am watching. If we get a sweep into that, that's where I want to start paying attention.
Now, right now, you can see across momentum oscillators, we're not getting any divergences form on the 4hour or on the hourly, on the AO or the RSI. Um, so short of getting a trend reclaim, I'm really not having much to do here until we get that. So, kind of the triggers for me right now, as stated earlier, we want to see this sweep down here. Maybe we form some sort of low than a lower low and RSI forms the opposite. we see signs of absorption and order flow. That's where we're potentially going to look to take along.
Now, if we don't get that and we front run it, even though I don't think we do, we can see how reliable H1 trend has been on the way down with capping price. But if we do start to break structure and get above the noodle, then I'll start paying attention. Uh right now, what I like is this low right here. It's around 114700. The reason we like this is it's the last structural low. Now, there's potential to come up here, reject off the H1 noodle and that structural low before coming down. Uh but if we start reclaiming both those things, then I'll potentially consider we front run this level and start scaling into a position.
We go across to look at value. This is the value area for the current range. You can also see the value area low which we've lost and now deviating under lines up with that level we just marked out uh in the red line. So that is the structural level claim and it also means we accepted back inside the value area. Regarding TPO, another line in the sand, pretty much exactly the same level. We have this naked PC up here which is yet to be tagged. Now whether we get some sort of reversion bounce here, tag into that for selling off or whether we get up there, clear that and start reclaiming it remains to be seen. But it just gives further confluence to that level we are watching in the 115ks.
Onto Ethereum. pretty much giving us a similar picture. Although the difference between BTC and ETH is BTC has lost daily H4 and H1 trends whereas ETH has lost H1 and H4 but it is currently just hovering above the daily trend. Now we can see the daily trend has been an excellent barometer for price on the way up. Had that bounce here which pushed us into near all-time highs before rejecting. Now we're getting that rejection. We need to see where it's going to bounce.
The reason I like this pocket is we have the 4K level here which is a psychological round number. We have the market structure break level and we also have the daily noodle. Now in a more intraday term, what I do like is the fact that we swept this pocket of equal lows over here. Yes, we front run that level, but we did indeed tag into this volume inefficiency, this FG over here. Now reclaiming this looks good, but we want to see what happens with the H1 noodle at the same time. It looks quite decent here, but you can see the H1 has capp price the whole way down. So, it's just the same plan as BTC. If we're not going to raid into those lows, I at least want to see some sort of structure break and some trend reclamation to happen.
Now, structure break happens up here around 4,300. Yes, you're waiting a while for that, but effectively what you want to see is something like this. Maybe a pull back into a POI, like maybe there's a breaker, maybe there's an FEG before taking entry, targeting higher. Now, we start flipping this level. I do think we push up into the highs again, but it remains to be seen whether we do that. As it stands, we're still being capped by the H1 trend. So, there's not really anything to action here. Uh, same picture as BTC as well. There's no divergences happening across any momentum oscillators. So, really, yeah, line in the sand. It's quite difficult to long this low reclaim because really we're just coming into a cluster of demand, which is now supply over here. So, effectively look at this on the H12. You'll see this demand pocket, which we just blitz through, is now potentially going to act as resistance on the way up. So, we need to see if that can be cleared before taking any action on it.
Effectively, we're just diddling in the middle here trying to take a trade. So, you really need to remain patient and wait for confirmation of either further downside for a sweep of liquidity or a structural plus trend reclaim.
In regards to altcoins, I'm pretty much only watching what has been the strongest horses of late. Obviously, ENA had a dramatic run up, but has had quite the sell-off of late. But what I do really like about this chart right now, if we go to the daily, this is the first daily noodle retest since we broke out and had this mammoth run. Now you can see every time we came close to it, there was too much demand in the market and it got front run. So this for me is where I want to start paying attention. Now if we start seeing ETH perform and have a good amount of strength, I think ENA based on the trend reset it's just had is one of the best candidates in this market right now.
So effectively we look at this as a range high deviation which it is. We are trading back inside the range. So, sort of two triggers for me right now. Uh, one would be a range high reclaim, we could potentially look for that to line up with reclaiming trends. If we go down to the 4 hour, you can see the 4hour trend is there right now. Now, this level is key for me. If we get up there and start rejecting on lower time frames like the 15 minute or the 1 hour, I'll potentially take a short down to this POI here, which I'll discuss in a sec. Um, but if we start to reclaim that and we flip it, I think this will push up and take out the highs.
Now, where it stands as we sit pretty much at the range EQ here in the middle, we have this very nice 4hour order block. Also lines up this little high volume node cluster over here. So, I'm pretty much just waiting for that to be swept. I have alerts there. You can see it was front run overnight. Alerts weren't triggered. But, as it stands, it's just the H1 trend capping price again. So, if we take it for what it is right now, I think this makes for a very nice structural shift. If we get a clearance above that market structure level uh and break above that, that also lines up with clipping above the hourly trend. This where I'll potentially look to take a starter position. Uh and whether or not I roll that off at the top, if we print bearish structure and we on the low time frame, we can look for shorts or if we start to get above that, I'll potentially look to add to that position.
Link is another one on the radar just because it's also being very strong in the runup. Once again, I just think there's too much dispersion in the market right now to just be slinging money at any old coin. I think you really need to be focusing on what has had momentum lately and what is likely to have momentum. The only thing that sort of throws me off about the link chart is we have this pretty prominent uh daily divergence forming. So whether that plays out, that reset would line up with a sweep of the range lows into the daily noodle remains to be seen. But I just think for what it is right now with the 4hour trend holding up quite well. Uh I'm just looking for once again same thing as ENA. If we get that clearance above the range high, we get some sort of trend reclaim on the hourly. You know, difficult here. We are above the hourly trend, but effectively we're pressing into the the range high right now. So no actionable signal for me. Uh but if we do get a push down from here, you know, it is forming lower highs as we speak. We do get a push down into this. I'm looking for this zone in here.
Now, what this is, this is an daily uh inverted FEG. Just go to the daily chart quickly. You can see that here have this FG over here which is blasted through again. So, this remains a good uh area to look for longs. Effectively, you can see that on the volume profile as well. We have this big low volume node in there. So, looking for that volume inefficiency to get filled before pushing up. Um, so right now as it stands, yeah, just looking for this to hold up. If it does not, now 4-hour trend does not hold up, we simply zoom out and go to the hourly trend. And we know where the hourly trend is. It's hovering down the bottom here. So they're pretty much the only levels I'm looking for. Whether we get that sweep into it, whether we get the range high reclaim or whether we get the bottom, there's three actionable triggers there.
And that wraps up my lightning fast market review. I don't think there's much else to look at right now. Play the strongest horses. wait for BTC and E to give some resolution. Now, we're at the range lows, we need to start paying attention. You should be mapping out your favorite altcoins that have had strength lately and seeing if they are key structural levels. Uh because the greater market is to bounce, those make for very good propositions to potentially scale into for spot or per whatever you're trading. I myself am mostly looking for liquid high caps and things that have just shown strength like ENA and link. Hype is another one which we'll cover in another stream.
Now, if you're looking for access to the noodle indicator I've used in today's video, you can sign up to the Mars High Club. Link is in the bio. I also have my daily trades there, market outlooks, and regular streams. Thank you for joining, and I'll see you in the next one. Cheers.