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Stock starting the week right below all time highs. The recent scare in the markets took a total of 45 days from peak to where we are now. The dip itself was recovered in a matter of weeks. Crazy strength. Trade it using crypto
#Bitcoin This channel is still the main thing I'm watching on the higher timeframe. It has so far respected both upper and lower bounds on several occasions. Currently trading at the mid range which is pretty neutral. Needs to break that upper bound eventually.
#Bitcoin Weekend Price action 🧲
What is the one token you're bullish on if the market were to turn around for the better? Doesn't seem to be any consensus project as we speak besides maybe $BTC. So seeing where everyone is at.
The combined market cap of AI related coins is sitting at ~$22B as we speak. The total market cap sits at ~$2.16T. Meaning the AI sector is only slightly over 1% of the entire crypto sector. If this narrative continues into 2025, I think this has plenty of room for growth.
#Bitcoin & The rest of the market are at this point where the next 10-20% candle, which can happen quick in crypto as we know, will make many charts look pretty good or absolutely horrible. The price action we're seeing now is the result of market participants trying to…
#Bitcoin Let's see how this one does today. So far it's looking some pretty average weekend price action as it didn't end up moving much from the CME close price. Expecting action to be back once futures re-open. Labor Day tomorrow in the US so the market will be closed.
The Coinbase App Store Ranking was increasing throughout middle/late July but has since fallen a lot This shows very little (retail) interest and just generally bad sentiment in the market. This is about the lowest it has gone this year.
#Bitcoin This cycle can be defined in 4 stages Rally: Jan 2023 - Apr 2023 Consolidation: Apr 2023 - Sep 2023 2nd Rally: Sep 2023 - Mar 2024 2nd Consolidation: Mar 2024 - Now The first two were shorter. The second two took longer and are now the same duration. So…
$AAVE Still holding strong through all the pain in the market. Held the previous range high on the retest. Want to see this continue to push higher from here and not retest the same range high again. If it can do so, it's a matter of time before the next bigger leg up I think.
Check out this absolute carnage on the $LTC/BTC chart over the past 5-6 years. Funnily enough, it has some decent 100-200% bounces on the ratio in between. Has been pretty strong this week so eyeing it in case it wants to go for some relief. Just for a trade.
#Bitcoin The CME Close price was $59K yesterday. But seeing how volatile and crazy the price action has been last week, and it being the end of the month, I wouldn't be surprised to see this make a move during the weekend. Personally won't be trading the CME price this weekend.
Seeing a lot of, primarily first cyclers, that have recently gone full on doom mode. Saying the space sucks, we'll never go up again and just simply cheering on whenever the market retraces another intra-day move. Pretty sure many roundtripped their first life changing gains and…
ETF Flows Overview $BTC: -$175.6M $ETH: $0M 🟡 Another big outflow day for BTC but price held up relatively well on the day this time around. ETH completely flat which is pretty much in line with the entire week. It only saw one day with $10M+ in (out)flows.
Top gainers of this week is a pretty big mix of different sectors of coins. Clearly there's no big narrative going on right now which is easy to hop on. I think this is healthy as it helps put more focus on $BTC & Majors first to potentially get the market out of this slump.
#Bitcoin An interesting fractal for you all going into the weekend. Was thinking to myself, where did we see this before? The massive amount of high timeframe sweeps without follow through. The period after the Luna collapse in the Summer of 2022 had similar (inversed) price…
Funding rates have changed little the past month. We can see some darker colors earlier this month around the massive flush. Since then, the funding rates have stabilized a bit but are still healthy and pretty low.
We went from doing this every few weeks, to every few days to now going through this cycle every few hours or even minutes. Price action absolutely abysmal
Traders having fun again today.
#Bitcoin Historically sees most returns on Monday, Wednesday, Friday and Sunday. Tuesday, Thursday and Saturday tend to be red. Although this can be completely different at any given week, I can confirm that having this in mind during intra-day trading can be helpful.