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$STX Big level. Nakamoto Upgrade coming up. My favorite "BTC Beta" play and likely one to outperform if BTC trades back to $70K+. Pretty thin price area above $2.05 if it can clear that.
$PYR Higher low made, now key to break that local high at $3.25 and make its way to the mid range around ~$4. I do believe GameFi will get its time to shine again this cycle. Especially if $ETH were to see some love.
It is October and Q4. Historically speaking, this is the most bullish time for #Bitcoin in terms of seasonality. The past 5 Octobers were green, some with large numbers. But keep in mind, September also tends to be BTC's worst month which was pretty good this time.
$EIGEN Launched today. I think many market participants will be watching the price action develop to gauge overall market strength and sentiment. So far, price has held up, and even gone up slightly, even though there's a lot of airdrop participants selling their tokens. I'd…
$XRP Would not be surprised to see this fill the SEC Case win candle from last year. If the market holds up, and especially if BTC Dominance starts coming down, I could see a good case for some of these old majors to make a few decent moves. New coins should still outperform.
$FUD One of the main $SUI meme coins, testing the all time highs here. Almost into price discovery. This coin was initially airdropped to me from the Fuddies NFTs. With SUI on the rise and making new local highs, I'm assuming that SUI meme coins won't stay behind. The meme…
$SPX Grinding higher into all time highs as #Bitcoin is trying to make its way back up there as well. The recent rate cuts & stimulus definitely helped put some momentum behind most risk assets and could be what is needed for BTC to catch back up to TradFi. Trade it using…
#Bitcoin Testing the Daily 200 Moving Average after breaking above it yet another tiime. So far this year it has struggled to hold on to that level. Whether $BTC trades above or below is a good mid/high timeframe momentum and strength indicator.
#Bitcoin The .786 Fibonacci level indeed was the one to watch again. I'd recommend keeping track of that level after a big impulsive move and see its reaction. Worked out well both during upside and downside this year. Generally these things keep working for quite a while.
#Bitcoin Has built up some decent liquidity levels on both sides. Below: $62.6K Above: $67K These are the main levels to watch out for in terms of liquidity.
New Video! Discussing the recent market structure break and price levels to watch out for next. If you like my content, consider subscribing and leaving a like! It helps to push it in the algorithm.
Many coins bounced big and are now correcting (slightly). Yet, I can see and feel the PTSD from the past 6 months on the timeline. And yes, I feel it as well. We've had dozens of full retraces right after it was looking like we're just about to make it. On the bright side, the…
#Bitcoin Lots of large orders on Binance futures trying to push price down. New week but also the end of the month & quarter so expecting volatility for the remainder of the day.
$SOL Has been consolidating between ~$115-$200 for the better part of 2024. These level mark important high timeframe support/resistance zones which have both been seeing strong price reactions. If SOL manages to break through the weekly resistance, I think ATH would follow.
#Bitcoin Is trading back above the bull market support band. It has been a lot of back and forth but is set to get its second weekly close above the band. Let's see if there's enough momentum to finally leave the band behind and get the next bigger move going.
$ETH Is yet to make a higher high. Something $BTC managed to do this week. For this, ETH needs to break that ~$2.8K price level which also has the Daily 200EMA sitting at the same area. Rough level to break, but an important one. Also for the overall altcoin momentum.
ETFs heating up #Bitcoin Has seen big ETF inflows last week. Friday saw +$494.4M in net inflows alone. The week in total saw +$1.1B in net inflows. Even $ETH saw a +$85M net inflow during the week. Not large by any means, but better than it has seen in a long time.
#Bitcoin Just your usual weekend price action. So far, price didn't deviate more than 1% above or below the Friday Close price. Would expect some more volatility later in the day and of course when futures open back up tonight. Enjoy the slow weekend because a new week is…
#Bitcoin If the monthly candle can close like this, it's the first engulfing green candle we've seen in a year and arguably, the most bullish one we've seen in 2024. Now all that matters is whether the bulls can keep the momentum going and actually see follow through in Q4.
#Bitcoin Is heading into Q4 next week. Both Q1 & Q4 are generally the quarters where $BTC sees most of its returns. Especially in this cycle. Even this recent Q3 has been pretty flat (+4%) for BTC and down for most alts. Let's see if the strong Q4 & Q1 trend continues.