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#Bitcoin Trading back at a perpetual price premium as we speak. It's going to be quite the battle to actually break that $100K mark, but the longer we trade right below it, the more likely we'll have the fuel needed to break through. Just don't want to see longs crowd in too…
Some traders & good accounts worth following: Some of these you've seen me mention before, some might be new for you guys as they have been new follows for me as well. @alphawifhat @Dentoshi @tradingjip @0xENAS @qthomp @BobLoukas @NachoTrades @Gold_Cryptoz @CryptoWizardd…
Some traders & good accounts worth following: Some of these you've seen me mention before, some might be new for you guys as they have been new follows for me as well. @alphawifhat @Dentoshi @tradingjip @0xENAS @qthomp @BobLoukas @NachoTrades @Gold_Cryptoz @CryptoWizardd…
#Bitcoin Is now just 1% away from the big $100.000 price level. This would be a massive milestone. Bitcoin first broke $10K back in November 2017. Which is almost exactly 7 years ago now.
#Bitcoin Keeps grinding higher over the past few weeks. The $100K mark is in reaching distance. I still think price will trade up a bit more afterwards before cooling off. Just by the sheer amount of attention it will get around the world, from breaking that 6 figure mark.
#Bitcoin Making good progress towards its 2 year moving average x5. Reaching this level, has historically marked a good region to start selling. Last cycle trade right below it for a few weeks before rolling over. It currently sits at $210K+ so that's quite far out. We'll see.
$ETH Speaking about timing. Now let's see if it sustains. Join the free Telegram channel for more like this
The Weekly RSI Heatmap shows a very telling story. This chart is sorted by market cap from left to right. As you can see, the left side is trading much higher, indicating that the majors are seeing much stronger upside than the mid/small caps. This is of course led by $BTC.
$MSTR up +10% pre-market again. Up +55% this week. At this pace Saylor will just keep raising cash to buy more $BTC. The Flywheel is going at full force. Basically consistent mega bid as long as this MSTR stock premium remains. Good chance it will turn around in violent…
Altcoins have been moving up quickly on just the tiniest shimmer of $ETH strength. It's just failing to maintain any decent move so far. Eventually, we will see some relief when $BTC has cooled down and stops making new all time highs every few hours. Alts probably join BTC…
#Bitcoin Is knocking on the door of the 6 figure mark. On this recent push up, open interest has remained contained which is good to see. You really don't want to see a lot of longs crowd in here to force a break out. Spot bid also still very strong which is also why there's a…
Gm ️ The $100K $BTC milestone is waiting.
#Bitcoin Trading back at a spot premium while sitting at all time highs. The Spot (Saylor) bid is strong.
Not much progress made by most CEX listed coins besides $BTC and some others. Most of the gains this week have been made in the on-chain trenches. The liquidity rotation there is very visible with new narratives & coins popping every day while the others hurt.
$ETH Although there's definitely stronger coins out there to trade, I'd love to trade a sweep & retest of the Daily 200MA. Lowest I'd want to see this go while still remaining in a proper bullish trend would be a retest of $2.8K. It's pretty clear that if the BTC Dominance…
#Bitcoin Chart Inversed is one of those charts that just keeps sweeping previous lows with people bidding every sweep hoping it's a reversal. The 2022 bear market enjoyoooors know. Generally, these kind of moves, both up and down, end with a big candle towards the same direction…
"But who is to say he doesn’t just repeat this again this week? And the next one?" Seems like that's exactly what he's doing.
Volatility/Implied move is something you can profit on as well. Knowing when to expect sideways, small or large moves can be beneficial.
"Up or down". Yes, point is that price is very compressed and sitting on a key low timeframe support. Whatever move follows from here is likely going to be a 10%+ one I'm assuming.
$ETH This ends one of two ways.