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$STX Flipped the horizontal, Daily 200MA/EMA & Local highs. Eyes on the $2.5 level which should lead the way open to the major $3+ resistance which has rejected price earlier this year and in 2021.
Saylor bought Another $5.4B last week. He'll just keep accumulating as much as he can while $MSTR trades at a premium to its $BTC holdings.
New Video! The Big $100K BTC Milestone. Discussing my thoughts & ideas on the market right now. If you like my content, consider subscribing and leaving a like! It helps to push it in the algorithm.
#Bitcoin Has opened up with a relatively small CME gap above. The gap sits right at the all time highs and the $99K+ price level. Seeing how close price is trading to it already, I'm assuming we'll try to close it fully relatively soon.
#Bitcoin Has traded in touching distance of the $100K mark. Will next week be the week where we see a 6 figure $BTC? It would make for a massive inflow of media attention and new retail participants/money.
#Bitcoin Over $500M in positions liquidated in the crypto market over the past 24 hours. $BTC Took out the local liquidity cluster below, there's quite a lot sitting between $99K-$100K now as well. Has enough fuel been created to help the push above $100K?
#Bitcoin Is on track for its best November in 5 years, in line with 2020 exactly 4 years ago. Generally, a green November leads to a green December the month after. This has always happened in halving years (2016 & 2020). Let's see if the theme continues.
#Bitcoin Has been slowing down during the weekend as alts have been moving. This is pretty typical for a bull market & price discovery phase. In 2021 we used to see BTC cool off and alts being green on nearly every Saturday. Expecting pace to pick back up when futures re-open.
#Bitcoin Has ended its second big consolidation period in August, which took roughly 5 months from top to bottom, just like the one in 2023. This has now started its third impulsive rally. The previous two rallies have lasted between ~100-180 days but were both early/mid cycle.…
One thing which is underrated during a bull market is making sure that you get enough sleep. It can be tempting to stay up long nights to try and not miss anything. But if you're sleep deprived you'll easily get burned out and make bad decisions. Can't catch 'em all anyways.
Market not close to being as overheated as it was in March this year. Considering #Bitcoin is trading near $100K, this is quite impressive. We've seen strong spot bid since the elections. Mainly on $BTC.
$NEAR Really clean retest of the horizontal, diagonal and Daily 200MA las week. This just needs to flip the local ~$6.5 high and I think this will trade back at its cycle highs shortly after.
$CPOOL This up trend is becoming hilarious at this point. Every time I open the chart, it has made another higher high and higher low. It's a bit volatile, but very clean. There is no need for me to think this stops uptrending until it actually does. The trend is your friend.
$APT Looking like a healthy up trend which I think will trade higher over the next couple of months. There has been very little trading up in this price region so there's not that much resistance holding it back.
$METIS Trading above the big $50 level. Looks good for continuation if you ask me. The recent Bithumb listing should help by opening it to the Korean market. This would fly if ETH were to see some proper relief.
$ROSE Flipped the local support/resistance area and is trading above the high volume region. Above here it's pretty thin until ~$0.12 which is a good first target to look for I think. I did invest in this as a longer term spot hold. Think it has some catching up to do.
#Bitcoin This is why you generally don't want to sell mid cycle to try and buy back lower. You're often better off just holding through the volatility, because if you're too late to re-enter, the market will move away swiftly and leave you sidelined.
People preemptively selling their alts into #Bitcoin as it's on the brink of breaking the $100K mark. A breakout and sideways chop should lead to some bounces on alts. But until we actually see the breakout, I think BTC will just keep soaking in more liquidity as people brace…
The state of the market: - New money is gambling on chain. - Bigger money & CEX traders mostly focussed on $BTC. Saylor is still twapping billions a week and BTC makes all time highs every few hours. After BTC cools off for a bit, CEX alts will get very interesting. Patience.
#Bitcoin The last month of price action is showing very clearly what I was saying earlier: A bull market & price discovery don't care about theses left behind levels. It often just keeps running. That's why I recommend using this mostly during ranges. Not in strong trends.