Coffee & Markets | #8

Cyril Cox
4 min readAug 31, 2021


Kickin’ off! A couple charts I want to cover setups on.



I wouldn’t be surprised to see Bitcoin sweep toward $45,190. I would be interested in a long on bitcoin if it weren’t in a consolidation range. However, I resume to look for setups once we get out, either side.

For the upside, I would look to buy a 50k break-out with confirmation, looking for 55k, 60k and the all-time high (conservatively) as targets, with invalidation of a break back below 50k into the range-bound environment. If that were to happen, I would consider shorting, but again, on confirmation.

Also, I drew what a confirmation looks like at a lower time-frame (4h, 1h):

source: me

For the downside, won’t lie, I don’t see many good setups for my style of trading. It’s too tight a range, folks. One could short from 45k down into 42–40k range, but it’s not worth it in my eyes.

What I choose to do if Bitcoin goes down: long alts, since if some are going up while BTC, you’ll be outperforming bitcoin double (if you get it right).



I have a wonderful setup for Ethereum for y’all, if it plays out.

Ethereum looks like a strong break-out here, and with a clean consolidation range it may just hold.

If it fails, we may see the June high retested, which would be a key area. Fail the June high as well and we may see the bottom at $1,700 retested, I will look for shorts if we fail this break-out again.

However, I am more leaning towards the idea we won’t break back into the range. I think ETHBTC will give us a run for our money, as long as it can hold here and not break back down.

A very sweet setup may it pan out is once we hit the $3,930 area, the last point of resistance before the all-time high in my opinion, I would be open to shorting back down, as far as the June high IF we see weakness.

I would want to see a resistance area > false break above > deviation back below and continuation lower on the LTF — then I will short.



I expect XRP to produce all-time highs sooner rather than later, perhaps similar to what Cardano has done recently.

Thus I’d look to play a margin swing all the way to the top of the range. If we then get a break-out > confirmation I will enter with a new setup, but to be clear, I am simply targeting inner-range liquidity here.

Entries are marked, I would potentially short, but as of now I don’t see it as a likely scenario. Invalidation would be a soft stop with an invalidation of the break-out or reclaim level, whichever one (and naturally, a hard stop a safe distance away).

Targets are $1.55 and $1.80, respectively.



Chromia has paid me well in the past. I very much rode that initial wave up with a hefty amount, so I’m grateful. My intent isn’t to give it back thus I am shy here and want a solid confirmation of a reversal of this dip.

I marked the arrow, if we reclaim $0.46, I would look to long all the way into the all-time high. Another plus is that would give me a fairly tight invalidation. I have currently marked out $0.36 as my invalidation, but I will use the new low that will be made around $0.42 as my invalidation instead.

The reason why I expect a new all-time high as well is because this is looking like a fresh break-out toward new skies on the monthly (see chart).

Just wanted to throw a couple of my setups out there. Next week more, lads and lasses.

Good luck, don’t lose money, and don’t sue me if you do.

Entertainment, not investment advice.




Cyril Cox

crypto trades — coffee & markets — risk management