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$BTC As long as price keeps consolidating near the range low, I still think this scenario has a decent chance to play out. We've seen this during every consolidation this cycle where it breaks lower, fails to see continuation, retakes the range and moves higher from there.…
$ETH Support is support until it isn't. ETH has so far still been holding the big $2K-$2.1K level throughout all the volatility and chaos. We've now seen a higher low on the low timeframes so if this wants to get going here and fill that inefficiency from the full retrace from…
There still seems to be a lot of confusion about what leverage is, what it means and how it should be used. The question: "What leverage do you use" is irrelevant. Leverage is used to limit your counter party risk. It helps you take larger positions while having minimal…
Initial reaction down because obviously people had hoped for more (buying). Not sure how realistic that was anyways. Especially for those altcoins mentioned in the initial announcement. Those should also be hit the hardest here in the short term. But on the bright side: This…
$BTC Trading right against its previous range low yet again. It's still struggling to hold on to the range but bears have also failed a further breakdown after the initial rejection. Interesting level that's worth watching here over the next few days. Especially with the Crypto…
Crypto stocks trading up strongly the past few trading days. Outperforming $BTC by quite a bit. Especially $MSTR. Showing there's some decent interest from TradFi to allocate into the Crypto Whitehouse Summit before Friday. Going to be an exciting rest of the week.
Personally going flat into the Summit (still holding my long term spot of course). I won't be able to watch it live (due to timezones) and don't feel like gambling on a certain outcome either. Although I do feel like the downside should be somewhat capped relative to the upside…
$MNT Trading back down near its massive support and range low. Looking for a local reversal/market structure break from this .786 fib retracement. This one got hit relatively hard after the Bybit hack due to them owning quite a bit of MNT. Good chance this saw some forced…
Stay tuned for the Nillion mainnet coming this month. One of the bigger launches we've seen this year so far.
The Fee Switch Narrative is on. Who is next?
The $TOTAL Crypto Market Cap fell back below its 2021 highs yet again. Last week's candle got saved but afterwards couldn't hold on again as price slipped lower this week. Eyes on the weekly close. Wouldn't want to see too many weekly closes below this area to maintain the high…
$BTC.D Still pretty much going nowhere the past few weeks. Part of this is of course due to Stablecoin dominance rising as well. But ALT/BTC pairs aren't doing nearly as bad relative to $BTC as they did previously. Make of that what you want. Seller exhaustion or just a…
Good to see the first big step towards reshaping the revenue distribution (Aka Fee Switch) from one of the big DeFi protocols. Watching for $UNI, $LDO and others to follow at some point. The better AAVE will do relatively speaking the quicker others will follow I'm assuming.…
Some decent relief from these "Strategic Reserve" coins already. Going to be an interesting rest of the week with the Crypto Summit coming up.
$BTC Did end up seeing a strong rebound after the Daily RSI hit the oversold region on Friday. Obviously it has traded up and down more afterwards due to the recent headlines. Sometimes, a few of these high timeframe indicators or tools can give a good idea of where to start…
$BTC Re-testing the Daily 200MA again. Important area to watch as you rarely get these tests during a big high timeframe run. Also a key level to hold for the bulls.
The event to watch out for will be the White House Crypto Summit this Friday. I think expectations for the summit are pretty low at this point. I would be surprised if they would actually come up with some kind of plan to buy coins (if they do, and it's not just a few hundred…
Oh so that's what it meant. The Total Crypto Market Cap increased and decreased more than the equivalent of McDonald's entire market cap (~$220B) in 2 days. 🤪 I guess it was in the charts all along.
$BTC Open Interest from the move has been fully wiped out with price back to the level it started. Kind of looks like one of those CPI/FOMC moves but on a much greater scale lol. I'd recommend to just chill and wait until the market finds its footing again and doesn't move 10%…
$BTC After creating the largest $10K CME gap in history, it has now closed a day later. Volatility is insane.