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People finding out that coins can undo months of downtrend in a few daily candles.
$FET Outperforming most coins these past few weeks. Broke back above the Daily 200EMA and is edging in on the Daily 200MA now. Market structure has already flipped bullish on the daily. Above $1.8 it would look even better.
#Bitcoin Consolidation below resistance is...?
#Bitcoin Traded back right where it closed at when CME futures re-opened. Perfect weekend price action No gap created this weekend.
$ETH Managed to finally break above the 4H 200MA/EMA which often give a good idea of the low to mid timeframe trend. Eyes on the local range highs at ~$2800 which is the key level to break for ETH.
New Video! Discussing the Token2049 & FOMC Aftermath. Insights into the Singapore meetup & Thoughts on the market. If you like my content, consider subscribing and leaving a like! It helps to push it in the algorithm.
$SPEC Back to the local range high after a strong move this week. One of the best performing AI coins together with $TAO. Needs to break this current region to get back into the ~$9-$14 range and potentially move back to the highs.
#Bitcoin Quite a volatile start of the week. Saw an initial drive up after futures re-opened which took out shorts. After that longs got taken out only for it to reverse again and squeeze shorts. That's most of the high leverage weekend position traders washed out.
$TAO With a beautiful breakout. This was one of the cleanest charts out there and followed the idea nicely. Some consolidation would make sense to me but this has definitely changed its high timeframe trend around here. Very strong move.
$DXY Big level down here at the 100-101 area. This is what held price up for the past ~2 years and we're now testing it for the 5th time. 99.5 and 97.6 would be the next levels to watch for. Trade it with crypto
Gm, back to the fulltime grind this week. Singapore was fun and motivating. The coins event went up during the conference which is rare. Let’s get it
#Bitcoin Everything you need to watch right now. Daily 200MA providing some resistance for now. $65K is the key level to watch for bullish continuation.
$AAVE Slowly but surely breaking back above the 2024/Cycle highs. It has ranged for 2.5 years down at the $50-$110 range. I'm assuming this should have plenty of fuel to get to that $200 area as long as the market is somewhat supportive (BTC holding above 60K).
#Bitcoin Slow weekend as expected. Some alts moving but generally pretty neutral after last week's move up. Let's see if $BTC can give that $65K a go next week to try and flip the trend around.
Also feels like Asia is perpetually more bullish on crypto than the rest of the world. Something we’ve always been hearing but first time I could see it with my own eyes.
Good summary on Token2049 and how I experienced it as well. Vibes were good, all the doom thinking seems mostly isolated to crypto twitter. Biggest market uncertainty for most is the upcoming election. Trump win = short tern bullish. Kamala win = Short term bearish but might…
Meme coins caught up to the rest of the coins on this recent move up. AI coins are by far the best performers this week.
#Bitcoin Rainbow Chart As time goes on, the cycles become less extreme. Bull markets see diminished returns, bear markets don't go nearly as deep. That's a sign of a maturing market and also why market participants need to adjust expectations as time goes on.
The average Daily RSI within the market sits at ~59 after moving up this week. This is a good level to sit at. Shows there's some bullish momentum but is also far from the levels that are generally considered as overbought.
#Bitcoin Turned September around into a decent looking monthly candle so far. It has been trading at the previous cycle highs for nearly 7 months now. Is it time yet?