The Grill Sergeant

@grillsergeant

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The Grill Sergeant

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The Grill Sergeant

This joke got me baseapp access!

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The Grill Sergeant

Palladium Long update Up around 5% in four days. Could take some profits here because it is at the weekly track line, but I am riding out the green dots on daily and weekly with stops still at break even.

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The Grill Sergeant

NAK Breaking out above long term trend and shorter term bullish consolidation. Daily track line is green and turning up. This is looking good for those that held through the chop or bought back lower. If there is a retest of the blue line, that would make a solid entry.

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The Grill Sergeant

USDT Dominance Confirmed the reversal. So you're saying there's a chance. Also read a rumor that Jerome Powell is going to resign, which will lead to Trump administration getting someone that will do his bidding, which means lower rates. This is just a rumor, however.

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USDT Dominance This is starting to look like it is going higher as well. 😭 Green dots have started and it is above the track and trend lines. Yesterday's reversal won't confirm until crypto gets a little pop today.

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BTC Dominance Prepare for another move up. Not looking like alt season yet.

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SOL looks destined for $180 at some point, but could revisit $140 first in scenario 2 above for BTC.

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BTC Going long on this and SOL at the track line did not work out. The short answer to your question is that you could buy a little here, but save most of cash for a potential better entry. I see a few possibilities here. 1) Currently retesting the area of May consolidation that occurred before pop to 112K. This could hold, but it will almost certainly take out the new pocket of longs just below current price first (see the yellow line that has formed on the heatmap). There are plenty of shorts building up that should eventually get taken out, but as we learned in 2024, this could take several months before it happens. 2) This area fails to hold and price chops down to the bottom of the channel over weeks/months. I could see the bottom being marked by a wick down to or just below the April close around $93K. This is an area that I will be VERY excited about longing if we get there.

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SOL Also liking this for a long to 180. Look where the big liquidity is left on this. SOL also at daily track line. Both could go a little lower, but I think solid entries start in this area.

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The Grill Sergeant

BTC I am really liking this set up for a long on some crypto. The big area of longs are getting taken out with this move, leaving a pile of shorts that can get squeezed up to a new ATH. Price is also tapping the daily track line, which also aligns with support from the previous highs. I would lose confidence it we see consecutive daily closes below the track line because chopping closer to the bottom of the channel is still a possibility.

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Big bounce on Palladium...moved stop loss to break even.

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BTC liquidation There are a few market-impacting events today. The FOMC Minutes is today at 2PM. Nvidia reports earnings after 4pm. Could be one of those scenarios where the initial move is the wrong move. I'd like to see a wick down take out a bunch of liquidity on BTC.

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The Grill Sergeant

Palladium Taking a long trade here via the ETF under the ticker $PALL Looking like a breakout retest, which will usually yield a nice bounce. This is also nearing the .618 Fib level (about $10 lower). I'll cut the trade if this closes below today and confirms lower tomorrow.

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SOL I'm sure some of you are wondering about this. Still making bullish consolidation right below a major support/resistance level.

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The Grill Sergeant

BTC Dominance So far the track line is holding as resistance. Cautiously optimistic, but the weekly chart still suggests that higher is coming.

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ETH/BTC Too early to say, but this may be the early signs that ETH/BTC is breaking out of bullish consolidation. Zoomed out on the weekly, you can see how beaten down this is. Could this be the start of the move that gets price back above the weekly track line? Until then, we are still below a red weekly track line, so we shouldn't get too overly excited.

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USDT Dominance My reason for staying bullish in the overall crypto market. Broke down from bear flag, came up and retested it and moving back down. 2nd chart is weekly. Last week closed right at the blue trend line. If we get a weekly close below then a dip down the the two low points going back to March 2024 and December 2024. This move would mean a nice pop in the crypto market.

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ETH You couldn't ask for a much better looking set up than this. Many days of consolidation following that huge move up. Eventually this range will break and it probably makes another fast move. Indicators and TA favor this being a move to the upside.

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BTC Had the top signal last week, but price has been slowly moving up since. There is a lot of liquidity built up between 105 and 106 currently, which is a reason for caution for anyone looking to take short-term long trades.

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