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$FET Slowly trending up. Making higher highs and higher lows. Looks good for continuation as long as it trades above this massive volume node as well as the Daily 200MA/EMA around ~$1.4 I'm still holding this in my long term portfolio for AI exposure.
$DOGE Currently caught between two big weekly levels back from the 2021 run. This range between $0.35-0.45 is key to watch. It has been finding support on this high volume node above $0.38 which is good. I'm assuming the next test of $0.45 should see this break higher.
$SOL Not overcomplicating this one. Tapped high timeframe support and is now bouncing back up into the old range. Looking for ~$220 to hold. If it does, aiming for the range/all time highs next.
I'll chart 3 of your coins today. Been a while since I've done any requests. Let me know which ones and I'll pick out a few in a few hours
#Bitcoin Positions (shorts) are starting to close out as $BTC is grinding higher here. Would not be surprised to see that big ramp up in Open Interest on Bybit, disappear if BTC keeps grinding higher and shorts get squeezed a bit. Generally feel like the short term will still…
Looking at the past year of gains for $BTC per region: Funnily enough, all the regions/timezones/sessions are very much moving hand in hand. The APAC region has been catching up. There have been specific weeks where the US Sessions were more bullish or bearish than others, but…
$AIFUN Broke out and flipping the low timeframe trend around. Next level up would be the white zone around $0.065 which would mark a larger timeframe reversal.
#Bitcoin Generally moves 30-50% after breaking a long consolidation within this cycle. If last year was anything like we can expect this time, the next consolidation period should be shorter followed up by a new leg higher in Q1.
#Bitcoin More volatility coming. $500M+ in Open Interest added on just Bybit in the past hour. Funding going down but I feel like this open interest is a mixed bag between longs & shorts. Likely going to cause another relatively large move soon as one side will get caught…
The Layer 1s have shown most resillient during the down turn. Obviously these are mostly large caps which are generally more "stable". Keeping close track on which coins outperform once the market gets a move back up going. The ones that rise from these kind of liquidation…
The Layer 1 have shown most resillient during the down turn. Obviously these are mostly large caps which are generally more "stable". Keeping close track on which coins outperform once the market gets a move back up going. The ones that rise from these kind of liquidation…
#Bitcoin So far so good. Let's see how this plays out. I think it's unlikely that alts re-visit yesterday's wicks if this were to play out. The leverage was flushed out, likely to see them outperform again once the market stabilizes a bit and $BTC starts trending back up.
$CPOOL Has been one of the strongest performers last week and has already made new local/cycle highs after this huge flush across the market. If it can hold the 2024 previous high as support here that'd be great.
Yesterday flushed out a ton of leverage and reset funding rates back to neutral. This is good and these things need to happen every now and then to keep the larger trends going. Most coins bounced strongly, some better than others. During flushes like these there's often a big…
$AIFUN Held up relatively well yesterday during all the chaos. This cosolidation getting very narrow at this point. Needs to clear that trend line and high volume node, if it can do so I think it should move well.
Massive long flush out across the market. Where $BTC was the main coin to wick lower last week, alts are getting hit hard with many seeing 30%+ wicks down. These are generally the liquidation events you want to be waiting for during these larger uptrends.
$SPX and SPX/M2 Money Supply. The fiat debasement is something that has been going on forever and has only accelerated in the recent years. You want (hard) assets to protect yourself against this trend in the long run.
Funding rates looking a lot better than last week already. Just need sufficient spot bid to come in now.
New Video! Discussing the $100K $BTC level, alt season(?) and coins to watch. If you like my content, consider subscribing and leaving a like! It helps to push it in the algorithm.
Remember, in bull markets, corrections are needed and give you opportunities to compound your winners. It also builds a stronger base for the next leg up. But don’t over leverage at any point. And especially be careful when knife catching these dips.