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#Bitcoin's Market Structure has flipped back to bullish on the daily timeframe after making a higher low and higher high. It is also trading back above the Daily 200MA. But I do want to see the daily close above this level to fully confirm the breakout.
$BTC.D Still trading around the big ~57.5%. The recent decline the past week was tiny on the larger scale, but alts really enjoyed it with many rallying quite hard. #Bitcoin Dominance has now trended up for over 2 years. A change in direction would make for some massive moves.
$ETH Made a higher low but is yet to make a higher high. It would do so above $2820 which also corresponds with the horizontal level and Daily 200EMA around that area. Important level to watch.
You guys still remember what happened the last time stimmies were given out right? Central banks all over the world have started their easing cycles.
The nice thing about these long consolidations and drawdowns in the market is the fact that it washes out a lot of bad weeds. Both in terms of market participants and predatory projects. These are great times to get your following in order. Plenty of good traders sharing alpha.
#Bitcoin $65K waiting room ⏳ Even if BTC ends up sweeping 65K and rejecting, which wouldn't be great, it would still make sense to at least sweep the level for liquidity purposes. The longer we trade below it though, the more likely I think it is we hold it if it breaks.
$AAVE Doing its thing, grinding higher into new cycle highs. The air up here is incredibly thin. Rarely any price action has occurred here previously. $200+ remains the target. But if BTC breaches $65K as well then we can look for higher.
#Bitcoin Decent amount of sell orders sitting on Binance's spot pair. Some of it got filled earlier on these local highs. This is right in line with the big $65K level which would signal a market structure break.
Although most people see this as a meme (which it kind of is), the upcoming release of CZ will be quite telling for the current market environment. $BNB has seen some of its recent price increase because of this, no doubt. What is important to me is whether $BNB remains strong…
The $SOL / $ETH chart is an interesting one. Been testing this level, which is also the 2021 all time high, several times now. Currently ETH is gaining back some ground and I'm personally more bullish on ETH vs SOL as long as this level is acting as resistance.
4 days until CZ is released from prison.
$SILVER Broke out and has been up only together with $GOLD for the past couple of weeks. Looks about ready to go for that $35 level next. Generally falling yields and $DXY is good for these precious metals. Trade it using crypto
#Bitcoin Sitting right below every important level that matters. - Daily 200MA - Local high from August - Channel high from the down trend since March Break this and the market structure has flipped back to bullish and the road to higher levels is cleared.
#Bitcoin Both levels holding on another test so far.
$ALT is one that's put on my radar by Sherpa. Looking quite bottomy in the short/mid term. Want to see green being held to test ~$0.17 afterwards. $EIGEN token "launch" next week which is slowly getting some more attention.
#Bitcoin Pretty much stuck in between these two levels for the past 5-6 days. Chopping up $BTC traders while several alts are making some big moves the past week.
$STX Clean setup, looks similar to $TAO before it broke out. Needs to break that Daily 200MA to clear the way to the cycle highs at $3+. Nakamoto upgrade in ~2 weeks which will help the ecosystem thrive. This has been a long term hold of mine for a long time.
$CPOOL It has been a pleasure seeing this trending up the way it has been. Just needs to clear that $0.14-0.15 area above and it will be trading above all the important levels again.
$PYR Higher low made, the important $2.6 level is being defended well. Just needs to get above that local high at ~$3.26 and flip the market structure back to bullish. If it can do so, $4 is up next.
#Bitcoin The bulls know where the liquidity lies. $65K is the level to break to make a higher high and flip the market structure. $70K is ripe for the taking after that. There's also a ton of liquidity sitting in that region. One step at a time.