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We've seen a decent bounce so far on the $TOTAL Crypto Market Cap. Held where it should have.
Big test here with the Daily 200MA/EMA and 2021 highs above.
Bulls would want to hold the green zone at all cost and ideally make a proper higher low if we consolidate a bit here.
Seeing a lot of people overreact to whatever price action we're seeing the past few weeks.
But all $BTC is doing is following stocks hand in hand. This can be seen very clearly on the chart below (straight lines are weekends when stocks aren't trading).
It's always correlated
$BTC Liquidity sits at $89K+ and <$83K.
The $89K-$90K level also corresponds with the previous range low and is a key level.
I'd want to see daily closes back above there to confirm the rang retake, can't celebrate before we see those closes because it might just be a liquidity
$BTC Was able to retake the 4H 200MA/EMA for the first time since losing them in early February.
These tend to be a good indicator of the short/mid term momentum and trend.
Bulls would want to hold on to these to keep the momentum on their side.
$APT Held on to its high timeframe support level during all the volatility.
Looks decent here but would like to see it break that local high at ~$7 to properly change the trend back around on the lower timeframes.
$BTC Range breakdown failed to push lower. Range still has to be retaken, BTC attempting that now.
Consolidation took a bit longer than previous range sweeps. But is this time really different or just slower? We'll see soon enough.
$BTC A lot of the recent dump and now bounce can be contributed to the volatile price action in stocks.
As you can see, BTC has not moved much the past few weeks relative to $SPX.
Price is correlated and has mostly been moving hand in hand with each other.
$BTC Perfect tap of that high timeframe resistance and coming down a bit for now.
$ETH did the same at the big $2.1K level which is an even bigger resistance.
Those two levels are key in the short/mid term.
$84K-$85K is an important support area for BTC.
$BTC Is still trading at a solid spot premium during this bounce.
If it can maintain that while slowly making its way back into the previous range ($90K+), I'd be confident we're due for a move back to new highs.
For now it still remains a big resistance and price has been
$CPOOL Has seen a sharp recovery since its local bottom so far.
Key area here is to hold on to the ~$0.15 region to attempt a move back to the next horizontal area.
It is currently the only RWA coin I hold in my portfolio. Still a sector I'm bullish on in general.
$NIL Has done well since launch as it has been slowly grinding higher.
Think it's good to see that new launches aren't instantly trading at multi billion FDVs as it makes for healthier price action afterwards.
Currently watching this low timeframe range, this is getting quite a
$MOVE Nice $38M buyback coming over the next 3 months after "Market Maker Irregularities".
Movement trying to break out here but got a lot to do to turn this trend around. That $0.55+ area is key.
$BTC Closed back above the Daily 200MA/EMA and ~$85K round number & horizontal.
The real challenge will be that $89K-$90K horizontal level which acted as support and the range low during the previous range.
If BTC can get above that point and hold, I'd be expecting higher
$BTC Opened up with yet another CME gap this week.
It's a small one this time and sits at ~$84.1K.
I always say that it can be useful to be aware of where the gaps sit as they could act as a magnet when price trades close to them (within 1-2%). This is more of a self fulfilling
$NIL Live on all your favorite exchanges in the next hour.
Big hyped launch and the first one in a while so I would not be surprised to see liquidity move into this and make for an interesting trading environment.
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$BTC & $ETH Working out nicely according to the idea shared on Thursday.
This is a pattern that you see playing out quite often during these choppy grinds up.
Move up -> Retrace slightly below the previous support/resistance -> Chop -> Next leg up.
Stock futures quite green
$BTC Has been very choppy the past few weeks. Unable to string several daily green or red candles in a row since its local bottom on the 11th of March.
These kind of consolidations are generally to chop people up before the bigger move occurs.
Right now, price is pretty much in
$BTC.D Has been trading at a similar level for the past ~2 months.
I will be watching closely for the next move. I think a rejection from this point could lead to a larger move down considering the recent resilience we saw on ALT/BTC pairs even during $BTC weakness.
I'll be
$BTC Weekend doing weekend price action.
Good time to touch grass and recharge for the week ahead.
I think this next week will be telling where the market wants to head for the next higher timeframe move.