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The Grill Sergeant

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The Grill Sergeant
@grillsergeant
ETH/BTC Strong reaction from the bottom of the channel. Into the track line now, so it is wait and see time. Can it break through or does it get rejected again?
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The Grill Sergeant
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ETH/BTC Strong reaction from the bottom of the channel. Into the track line now, so it is wait and see time. Can it break through or does it get rejected again?
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The Grill Sergeant
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ETH and Total 3 👀
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The Grill Sergeant
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USDT Dominance We shouldn't get too excited about any rally until this loses support. The weekly clearly shows weakness and a bear flag. Stay patient. The chart and fundamentals heavily favor this breaking down. Will February be the month it happens? If it does, March and April will likely be profit taking season.
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VIRTUAL Trying to reverse in a zone of support. I'd like to see this reversal confirm. A close and confirmation back above the blue neck line would give much better confidence. Otherwise, I am looking at this as a bounce to the scene to crime which would see heavy resistance from the neck line and track line. This would actually make for a good short opportunity purely from a TA standpoint at around 2.43 to 2.45.
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The Grill Sergeant
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ETH Trying to confirm a daily reversal after holding support again. I've been packing my ETH bags for a while. If feels painfully obvious that ETH will make new ATHs in 2025. If it can't with the Trumps buying, the ETFs, better U.S. regulation...then most of our alts are super screwed.
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The Grill Sergeant
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ETH/BTC I am sure most of you are noticing the great day that ETH is having. Well, I am not surprised because ETH/BTC once again touched the bottom of the massive channel. This does not mean a bottom for ETH/BTC, however. Previous touches have seen bounces only to make new lows. Good news: Canada has started quantitative easing. While the U.S. has not yet, they may not be far behind. Benjamin Cowen has long been an advocate that ETH/BTC and true alt season don't typically happen until QE begins.
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Total 3 Support held again and saw a strong bounce. Right into the top of the wedge. I have a feeling this eventually breaks out and alts have a strong February.
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COIN Daily trend flipped green a few days ago! Unfortunately, the retest of the pink line never came, which would have been an aweseome entry following the wedge break out. This is looking great, which is a positive sign for crypto.
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BTC Green dots wanting to come back today. <:RektLaser:1322292789891039332> It appears likely that it is time to take out some yellow lines above. I would have loved to see a move down to 95K first, which could still happen on another shakeout.
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Total 3 Continues to hold support and is dancing along the top of the trend lines. Like I said with BTC, today probably triggers the start of the break out or break down.
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The Grill Sergeant
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BTC Building on the liquidation levels, you can see that the liquidation levels also align with support and resistance levels. I marked the general areas on this chart to give my plan for how to play the reaction to FOMC. There are also massive earnings reports coming out after hours that will likely have an impact on all markets. TSLA, META, MSFT and IBM are all reporting after 4pm.
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The Grill Sergeant
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FWOG For those of you that lamented missing this pump, price is at some VERY intriguing levels. If you believe that FWOG and large SOL memes don't die, then this is a good place to be chipping some in. There is a downward narrowing wedge pattern that is nearing the end. It is right at major support as well. I don't love buying something when the daily track line, dots and candles are all red, so you could certainly wait for signs of a breakout or reversal first.
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**BTC Liquidation levels** FOMC meeting is this afternoon. This probably triggers the move to one of the groups of yellow lines. If we go up, be ready to take some profits at around 110K BTC, so you have cash to buy a pull back. If it goes down, be ready to buy around 95 - 96K.
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VIRTUAL This had a huge head and shoulders break down recently. With that and everything red, I'm looking at 1.30 to 1.75 as support where this could stabilize or bounce . Beyond that we are talking back down to .5 or .6. Proof that no matter how great something is, it can run up too much too fast. This leads to profit taking which leads to fear selling. Virtuals Protocol and AI Agents still look great for this cycle.
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SOL flashing a great opportunity on a retest of the downward trend that was broken. This aligns with golden retrace zone. Price would be around 200-205.
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As bad as it feels for alts, today's move has only been a retest and bounce off of the major trend line of this bull market.
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The Grill Sergeant
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BTC Dominance We knew this looked like it was going to continue to move up. Now we are seeing the scary part of this move with alts getting cooked.
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The Grill Sergeant
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USDT Dominance Nothing major has changed here...just another bounce off support. Still not breaking back above the pink trend line. Track line is turning green with a green dot, which matches with the BTC charts suggesting the correction goes deeper.
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Locking in on charts for a moment here. A lot to look at. Let's start with BTC. A lot of time left in the day, but currently the daily track line is turning red, which would suggest further downside. Looking at the liquidation chart, a move to 95K before reversing would make a lot of sense and would create a higher low. We are getting really well set up for our next short squeeze through 110K. There is always a chance that something triggers an even bigger correction. FLASHBACK to 2021 - There was about a 21% correction that revisited the 2020 high before liftoff. A move like this would take us back to 74K. I am not saying that this is a highly likely scenario, but it is one that we should stay prepared for mentally. I will be ready to hold and buy no matter how bad it feels.
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