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#Bitcoin Got to love the .786 Fibonacci retracement after big moves. Been such a solid level throughout 2024.
$ETH Just keeping it simple. The only two big levels you need on your chart are ~$2100 & ~$2850.
$TAO With a similar bottoming formation as most alts out there. Initial low in June/July, Big flush in August and a higher low in September. Key will be to hold on to this high volume node and make a higher high above ~$370 at some point. That would fully turn this trend around
$AVAX Attempting to break out of this down trend channel. Ideally this breaks this current resistance and heads back to ~$28. That would flip this short/mid term trend around and give room for more upside.
$AVAX Attempting to break out of this down trend channel. Ideally this breaks this current resistance and heads back to ~$28. That would flip this short/mid term trend around and give room for more upside..
$POPCAT Managed to hold on to the high volume area and bounced strong last week. The air up here is pretty thin but I'm looking for it to flip $0.8 to make another higher high. That should leave the door open for higher afterwards.
$FOXY Bouncing from the lows after consolidating down there for the past few weeks. Good volume on this breakout, want to see this head back to the green area around $0.012. Meme coins are usually the best performers when the market bounces in 2024 so let's see if that sticks.
#Bitcoin Strong move into the weekend right into the $60K level. I am not expecting too much during the weekend itself as volumes have come down and there doesn't seem to be much action already. Some consolidation after the Friday push makes sense I think.
ETF Flows Overview $BTC: +$263.2M 🟢 $ETH: +$1.5M 🟢 BTC seeing the biggest one day inflow in several weeks. Ending the week with a bang. All markets closed bullish this Friday going into FOMC next wednesday. Going to be an interesting week.
$PYR Looking interesting here. Multi-month downtrend being broken as price has stabilized around these lows. Wouldn't be surprised to see this put in some work if the market is a bit supportive.
$SILVER Breaking back above the big $30 level and trying to break out of the down trend line. A break here would likely lead to a move to the yearly highs at $32.5 and potentially $35 afterwards. Looks good with yields on their way down. Trade w crypto
#Bitcoin Broke and closed back above the 4H 200MA/EMA. This is a good gauge of short/mid term market momentum and strength. Key to hold these going forward to keep the bounce going.
September is Green. 🟢
Sentiment is not mega bearish nor bullish. Most people that are left are just tired and completely lost hope. No one beliefs in big returns anymore and are taking enough with a 10% move on their alts. What happened to the long term belief? The high multiple expectations?…
#Bitcoin Got some decent sized clusters sitting above and below. Below, $57K is the level to watch. Above, most of it is sitting at $58.7K and higher.
$OM Starting to move higher after holding on strong during all the bleeding. Looks good for continuation back to the highs. Key level to hold will be ~$0.85
#Bitcoin Has been consistently trading at a spot premium for the past 2 months. This means shorts are paying longs funding rate to keep their positions open. This is generally healthy but it's also skewed by people doing the basis trade through Ethena & the BTC ETFs.
ETF Flows Overview $BTC: +$39M 🟢 $ETH: -$20.1M More of the usual. BTC inflows while ETH sees outflows. I doubt we’ll see any meaningful inflows in either until we see a sustained trend form. This chop will just keep investors guessing.
When this market eventually turns for the better, the biggest challenge for many will be not to take profits too early. Taking profits has been rewarded the past few months. Others roundtripped. Market participants are conditioned to TP early. That's when a big run can occur.
$GOLD Slow and steady trend up since breaking that 3 year range. As yields come down with rate cuts on the horizon, it's likely that GOLD will keep trending higher. Initial target was ~$2500, looking for $2800 next. Trade it using Crypto