Short trade
📘 Trade Journal Entry
Pair: ETHBTC
Direction: Sell-Side Trade
Date: Thu 30 Oct 25
Time: 12:00 pm
Session: NY Session PM
Timeframe: 1 Hour
🔹 Trade Details
Metric Value
Entry 0.03498
Profit Level (TP) 0.031992 (+ 8.75 %)
Stop Level (SL) 0.03523 (– 0.71 %)
Risk–Reward (RR) 12.24 R
🔸 Technical Context
Wyckoff Structure:
ETHBTC remains in Phase E, completing distribution and entering the markdown sequence.
The pair broke consolidation support following repeated up-thrusts (UTAD) at premium pricing.
Market Structure Shift:
CHOCH confirmed bearish control after rejection from resistance (0.0359–0.0362).
BOS validated breakdown continuation toward the 4 hr FVG (0.0337 – 0.0333).
Phase E now marked by consistent lower highs and liquidity draws below structural lows.
Liquidity Targets / Zones:
Primary Target: 0.0319 (4 hr FVG + order block confluence).
Extended Objective: 0.0300 — deep demand and liquidity resting zone.
Resistance Zone: 0.0359 – 0.0362 (previous supply area).
Volume Profile:
Increasing sell-side volume through breakdown candle; institutional participation confirmed by accelerated momentum at liquidity breach.
🔹 Narrative & Bias
Following weeks of compressed distribution, ETHBTC finally confirmed bearish continuation through Phase E progression. The setup aligns with BTC dominance re-expansion and risk rotation away from ETH as capital flows toward Bitcoin safe-haven liquidity.
Sentiment Context:
Macro: Altcoin weakness amid USD resilience and broader market risk aversion.
On-Chain: ETH exchange inflows rising → evidence of distribution.
Technical: Repeated failures to reclaim resistance zone confirmed bearish supply control.
Projection:
Price expected to extend toward 0.0320 and potentially 0.0300 as the final liquidity objectives beneath September lows are met. Any re-accumulation likely to form only after a full mitigation of the FVG zone (0.0331 – 0.0319).
