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$BTC Showing a similar pattern as the previous consolidations with this recent range breakdown and retake. Expansion -> Range -> Breakdown -> Retake -> Liftoff.
$BTC $90K-$91K area, which has acted as the range low the past few months, is a key area to watch. We saw a violent breakdown and retake back into the range. Price is currently testing it and this would be a region where bulls would want to step in. Daily closes are most…
Whether this is "just a bearish retest" or the start of a new high timeframe leg up will be based entirely on what happens Friday the 7th during the Crypto Summit. People can guess and predict all they want now but it all comes down to whether the market perceives the crypto…
$ETH Sometimes you just have to love how well levels are being respected. ETH swept all the liquidity below $2.1K, bounced from that point and now saw continuation after the news. In the middle of nowhere as we speak but that $2.8K level remains important if we'd re-visit it…
Some thoughts on the market: 1. The announcement itself is bullish but we don’t know any details. It’s an announcement of an announcement technically, and those have disappointed in the past. I do think some of the skepticism is partly due to the bad market sentiment though. If…
$CPOOL Came back down to the .786 which has been a good Fibonacci retracement level to look for this cycle. Also back into the key support area around $0.15 which held nicely for now. Let's see if this can flip its market structure back around here.
Going to be interesting seeing the "Made in USA" narrative unfold over the next few weeks. Especially if we get more details on the Strategic Reserve and what it might include. $MOVE had a strong bounce on the back of this and is attempting to retake the previous range low here.…
$BTC Just like that, the weekly candle is almost green. This is the biggest intra week reversal ever. In terms of USD value. Within the same weekly candle, $BTC: - Went down -$18K - Retraced back up +$16K Insane.
$BTC Now that's an even better looking daily candle. Retraced the worst sell off in this cycle so far (in nominal terms), in just a few days. That's crypto for you.
I had a tingling that we might get a big gap this weekend as per the second part of the tweet. Looks like we'll indeed get a massive gap now. That will be the talk of the town for a while until price moves sufficiently away from it.
Well, that’s a GM if I’ve ever seen one. Gm
$BTC Closed its worst February since 2014. Meanwhile, $ETH had its worst February ever. March has been pretty solid the past couple of years so let's see if that can turn it around this year as well. There are of course many variables at play and seasonality is generally just…
With $BTC at ~$80K, the upside potential will be more attractive to sidelined capital again. e.g. the $150K level is something that has been discussed a lot. That's almost a 100% gain from this point. Compared to a ~50% move just a week earlier. Risk/Reward will start making…
$BTC Weekend so not expecting much in terms of BTC. For the first time in weeks, we actually saw BTC rally at the end of the week on Friday. Most previous weeks we saw a rally into Friday only to fall right before the weekend. It was the opposite way around now. We'll see where…
The $TOTAL Altcoin market cap has yet again tested its 2024 highs just like the wick early February. Technically, a higher low has been made but you'd want this level to be held. The first level up to show some strength by the bulls would be breaking back above that $840B level…
$ETH Has bounced from the massive high timeframe support area yet again. This time, it took out all the liquidity from the August dump on most exchanges & pairs. The $2.1K-$2.8K range remains an important one to watch.
$BTC's Coinbase Premium as gone into the negative recently. This shows there's been a lot of spot selling the past few days, which has been clear looking at the large ETF outflows and bearish price action. For BTC to bounce back strong, you'd want the Coinbase Premium to return…
I've seen worse looking Daily $BTC candles. Bulls stepped in and made it close back above the Daily 200MA. This is a key are to hold going forward.
The $BTC CME Gap has been mostly closed but not entirely. These gaps can be interesting to watch but I always say not to value them too much, especially if price is trading further away from it.
$BTC Has sold off approximately ~$100 EVERY HOUR during the past week.