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Most coins which aren't $BTC & Majors are sitting at average RSI levels of <40. These are generally pretty much bear market levels and show the big difference between BTC & Majors vs most other coins out there. Keep focussing on (relative) strength wherever in the market it…
$BTC Consolidating in this channel for most of the month February. ~$98K level is key in the short term for a break from this low timeframe trend. Currently at resistance.
The past few days, the Moonshot appstore ranking has been decreasing as meme coins have been getting destroyed. Meanwhile, the Coinbase ranking is slowly increasing again. I think the divergence there is generally a healthy sign as we'd want the focus to be back on $BTC and…
$BTC Currently in its 5th consolidation. We saw 2 short ones and 2 larger ones. This one is right in the middle of it in terms of duration so far. Even if price were to sweep the ~$90K range low, watch closely, because a retake of the range might mean that its due for another…
$BTC It's clear where the liquidity lies within this current ~$90K-110K price range. Most of the liquidity inside the range sits above us. Below, most has been taken out recently until you start trading below that ~$90K range low where we'd definitely see quite a few long…
$BTC US Market Open sell offs are pretty rough recently. Arrows at every week day 1 hour before the market open.
$BTC Has been moving together with $SPX throughout its cycle. But where stocks are generally "Up Only", we've seen multiple sideways consolidations by BTC which makes it look like it's underperforming. But what we've see every time so far, is that when stock keep grinding at…
$NKLA Went from a $23B market cap stock to 0. This thing traded worse than your average meme coin going through a few years of bear market.
$ETH This is roughly the scenario that bulls need to hope for. $2.8K level remains a hard level to break through but price has been consolidating and slowly creeping higher. That yellow diagonal is a key support to hold on to, otherwise I think a test of ~$2.4K would be likely.…
$BTC Currently stuck in between the Yearly & Weekly Open. Earlier this month, the monthly open acted as a strong resistance after the Canada/Mexico tariff bounce. Good to keep an eye on these levels as I've mentioned before.
$MNT Is one of the few coins that has held on to its bullish high timeframe market structure since last Summer's flush. It's consolidating nicely above the $1 region as the rest of the market has traded lower. Meanwhile, $COOK, mETH's governance token, is trading back into the…
Times like these are great to reassess your long term portfolio, trading strategy and sources of information. You usually don't have time to do this when times are exciting. During the slow and bad times like these, it can give a fresh look on the assets you've been holding,…
$BTC Starting to trade below its mid range and high volume node after consolidating at that area for a while. My main focus is still on being patient and waiting for either of the range extremes to be tapped to look for potential trades.
$BTC Has closed within a 2% price range for the past 2 weeks. Yet sentiment makes it seem like we've gone through several entire bull/bear cycles during this time. (Yes I'm aware this is also because alts are getting destroyed). Zoom out, get away from the leverage.
Shared some interesting alts & High timeframe charts that have my interest here. You can find them in my public telegram which is free to join. Occasionally sharing some additional insights there. Also the easiest way to chat with me.
Update: Got funds. Wasn't much left on there at the time but still nice. Mostly happy for others to be made whole after that fiasco. We might not have gotten the relative crypto gains from that point but at least the USD value is something.
$BTC A few days aside, the new york session (US Market Open) has been extremely weak and has caused many of the full retraces we've seen the past few weeks. Generally the Europe & Asia sessions try to consolidate or recover a bit until the US Session sells off again.
$ETH There is indeed the full retrace in price & Open Interest which also lost most of the $1.5B which was added during the run up. Like mentioned yesterday, it's going to be difficult if we see massive amounts of longs being opened on the slightest green day. It will need…
Some thoughts about the state of the market which people seem quite concerned by: The average market participant is so hurt that they find comfort in talking about a top and how low prices might be going. Don't see much optimism or hope the past few weeks after all the recent…
$ETH Key $2.8K level test happened again. This level has been seeing a lot of action throughout this cycle. It's also the level that stands between a high timeframe reversal after the poor showing the past couple of weeks. Good level to watch and keep watching.