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Hope everyone is doing well under circumstances. Obviously $BTC is doing just fine, especially when zoomed out. But I know people are often deep in alts and also use leverage. No rush to buy dips. Generally you get an initial bounce and some sideways action which can go on for…
The $TOTAL Altcoin Market Cap is yet to make a new all time high. It got in close proximity but has rejected for now. I think we'll get another go and break it in Q1. Key level to hold below is that $1.27T level.
$BTC Price action is choppy and doesn't look pretty. Yet, it's still trending up slowly. This type of price action is one that is pretty harsh on low timeframe traders. Zooming out is recommended.
We saw ~$800M in Liquidations during the past 24 hours. Back in 2021, Wednesday was usually the day where we saw a lot of liquidations. It almost became a trend at some point. Up only -> Mid week liquidation wicks -> Retrace. Would be interesting to see if that repeats.
Close to $1B in positions wiped out on $BTC. An additional $1B+ on $ETH which got hit even harder. This is on the back of market weakness during the FOMC presser by Powell. A lot of overleveraged longs were taken out.
In 2 hours we'll hear about the Fed's interest rate decision, their economic projections and after that, Powell's presser. There's a 95% chance of a 25bps rate cut so I'm not expecting anything weird to happen there. What will be more important is their projections, primarily…
$BTC Still following last year's price action. Slow choppy grind up before the actual breakout is still my best guess of what's next.
About taking profits and regarding your comment: 1. I'm not calling any top. Think this market should have like 6-12 months left according to the 4 year cycle which I still stand by as long as it works. Has treated me well so far. 2. It's good to talk about taking profits &…
From here on out, all you need to do is hold on and take profit when it is time to do so. When that is will be different for everyone. Everyone has their own targets, risk appetite and goals. All I can recommend is to take partials along the way, even if you think prices go…
#Bitcoin So far following the pace and size of the previous few big breakouts this cycle. Seeing $BTC is now truly into price discovery, I'd expect the risk on sentiment to stay pretty high and for moves to become more violent. Even if BTC cools off or trades down slightly. We…
The average daily RSI is still sitting at a neutral 50. This means there's plenty of room for upside in the short/mid term. Most coins had a good reset the past week as BTC chopped around and we saw a big flush lower. Once BTC cooled off, I expect alts to catch back up.
$SOL Attempting to break out after consolidating beneath its all time high for some weeks. Key level in the short term is ~$235. Break that and it hinkt his goes for the highs again.
$ETH Breaking the ~0.04 level on the ETH/BTC pair would be confirmation for me that we'll get another big altcoin leg up. ETH is always the leader in a big altcoin dominance push. Historically, Q1 has been bullish for the ETH/BTC ratio. I think the market is shaping up nicely…
Stop losses are key when trading. I've seen too many people ruin their portfolio's because of one trade that has gone against them for months but them refusing to close it out. Even though their invalidation was hit way before. You can have a hard stop or have a manual one…
$ETH Breaking $4.1K, which is the yearly/cycle high, is key for continuation higher. I think that after breaking that level, it should lead to quick expansion to the all time high and beyond $5K+. This should have made a good base in this 3-4K region during this past year.
#Bitcoin Opened up with a CME gap today. But in a strong trend, gaps are left behind every now and then. We still have a gap sitting at ~$77K for example which I doubt gets filled anytime soon. Regardless, I always like to watch these levels as they often mark local reversal…
NFT Collection floor prices on $ETH have been increasing at a rapid pace the past few weeks. The moment ETH/BTC bounced seemingly gave investors the confidence to start bidding the major ETH NFT collections as well. Betting on a bottom and outperformance by ETH. Q1 is…
New Video! Discussing the $BTC Chop around $100K, the next move and when I plan to take profits. If you like my content, consider subscribing and leaving a like! It helps to push it in the algorithm.
Many people often find themselves holding on to dozens of small bags of coins. Most of these without good conviction or a reason/thesis of why. It can sometimes be a good idea to concentrate the small holdings into your big conviction holds. You will see that even though the…
#Bitcoin Has been accelerating since breaking back above the Bull Market Support Band. It consolidated around it for many months during 2024, but finally found the strength it needed to make for this next high timeframe move up. It can be a good idea to watch the band in the…