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#Bitcoin Quite a large run up in Open Interest this morning. Especially seeing the relatively small move price made during this run up. This will likely be the theme going forward. Overheating in short term -> Quick flush (like yesterday evening) -> bought back up -> new highs.
New Video! NEW All time highs made! Discussing the post election market and how to navigate it. If you like my content, consider subscribing and leaving a like! It helps to push it in the algorithm.
$FOXY There we go, retook the green area which was the previous range low. Also trading above the Daily 200MA/EMA which come in right at that level as well. Looking good as long as it trades above.
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$NEAR Breaking out. Just has this Daily 200MA to flip and the $6.1 horizontal level which has been key in the past. The AI topic/sector is still hot and I don't expect that to change this cycle. There's plenty of applications building but there's not many Layer 1s focussed on…
$BTC.D First sharp downside week we've seen in a long time. Mainly on the back of ETH/BTC reversing. The first confirmation of more sustained altcoin strength relative to $BTC, would be a braek below that 57% level.
$ETH Now trading above all the important levels I've been watching. Broke the range, broke the Daily 200MA & EMA and the $3K round number. We've seen this recover 3+ months of downside within a week which is pretty typical for the crypto market. From here on out it will be key…
It's sell too early season. Already guilty of multiple charges. It's why spot is great. No PNLs making you close out prematurely. Just ride the wave and enjoy.
There has been a slight uptick in funding rates across the board but nothing like we saw earlier in 2024. And that with #Bitcoin at all time highs. Things like Ethena do counter a good part of this by farming the funding rates. But that does helps with cheap longs in the end :)
#Bitcoin Last month, most returns have come during the US market open hours. But every trading session in the day has been very bullish and all contributed to the recent rise in prices. Good to see the entire world bidding $BTC instead of it just being concentrated.
#Bitcoin It took a grand total of 8 months of consolidation around its previous cycle high to push higher. Historically speaking, a break of the all time high around this time of the cycle is followed by a big expansion higher.
#Bitcoin Did take out that massive liquidity cluster above $70K which we've been targetting. If this is the start of the next high timeframe leg up into more price discovery, it's fair to assume there will be a lot of levels left below. This chart works best during ranges.
#Bitcoin I think some sideways action during the weekend makes sense, after the big run up last week. I will say though, that since $BTC is now in price discovery, it will get much more likely that it opens up with gaps (that don't close) by trading higher during the weekend.
The 2016 highs holding strong for $ETH so far. The ETH/BTC pair has been one of the saddest charts so far this cycle, I do think this will crawl back some ground but it's yet to be seen how high it can go. Watching the 0.036-0.046 area. $BTC remains the king for now. Can…
The @movementlabsxyz testnet metrics are skyrocketing. Happy to see this getting some really solid traction already. With the recent $ETH strength I'm slowly looking at L2s again as interesting trades/investments. $MOVE is not live yet.
Now #Bitcoin is back in price discovery, I like watching $88888 as the next target to look out for. We won't go there in one straight line, it will be bumpy. But the bigger trend is what counts and we've waited 8 months for this breakout.
$SOL Has arrived at $200. This is the last major resistance before getting back to the all time highs. Chart looks solid, has made a nice base around this area. Just needs to break this weekly resistance and it should be good to go.
$ETH Good start, good close above the previous lows which held for most of 2024. Just needs to clear the Daily 200MA now. Pretty sure that $4K will come pretty soon after breaking and holding above $3K.
I think the next few months until the inauguration, could very well be the best environment we've seen so far this cycle. We're yet to see what Trump ends up delivering on once he's actually in office, the market will let the speculations run its course until then.
#Bitcoin Trend is up. All that you have to do is hold on as long as the trend is in your favor. Now $BTC is in price discovery, moves will likely become faster and volatility will go up. Any big leverage flushes along the way are usually good levels to pay attention to as they…