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Crypto has become mellow. Blowoff tops and massive V-shaped recoveries are not common anymore. Cycles are also much more tightly coupled with stonks since hedge funds and banks have crypto desks with quants smoothing out the market. You could say Bitcoin is whipped now. I decided to mark a breakdown from here to the low 20ks range because that's the most...

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Self explanatory and painfully dolorous. Market will keep washing lev traders all day till break, then do a scam move and run.

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Redistribution and accumulation can look the same. The reason I support redistribution is that the PA around the spring area reads like creating enough bull traps to fully cross the huge support of 25.7 and 25.2. With all bulls expecting an runup to the top of the channel, no more buyers will be available to hold 25. Dropping hard and fast will scare any...

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Upbit has a reputation for pumping random low-volume coins and then letting them float down. If you look at the volume, it's all self-explanatory. If BTCUSD shows weakness, they will pull the plug.

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We finally got the resolution for the descending triangle. Now it's time to pretend we understand market and announce that there will be a retest of the support.

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Two trend are colliding, and something new is going to set in soon. The winner will be revealed shortly.

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Coincidence? Maybe. Same market players, same reactions?

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This chart won't happen. It's what we would like to see, but Bitcoin is no longer… BTC. These days it's NASDAQ2, and the days of miracles and moons are over. The reality is that September is programmed to take us to 13k-17k. This chart could, however, remain as an alternative view that feels like the days before reality set in. Technicals, on-chain data, quant,...

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5x long, ascending triangle setup in traditional TA. Slight DXY weakness. If WS opens high it's a plus. Upside of 20% or downside of 5%

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In reality, 64k was the top of the run. The only reason I can think of to explain the second run to 69k is a combination of the brrr and the need for an exit pump. Personally, when looking at the 1D chart, if the volume does not follow new highs, I interpret it as a zombie run. The range up to 64k had already been cleared, but above that: volume did not show up....

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At 15:15 GMT, the dollar spiked, reaching ATHs against TRY, as well as monthly highs against other currencies. Bitcoin is not safe from the greenback.

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I can't tell if SLP is scraping support just to drop to nothing or one of the best buying opportunities on Binance right now.

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Monero is a 250 dollar stablecoin. It's the immovable object hitting the unstoppable bull force. Somehow in the middle of this madness, XMR has ranged between 200 and 270 for the last freaking YEAR** **April's bubble discounted due to ransomware.

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The last few days I've followed PERL and it's either in strong distribution or strong accumulation. Whichever it is, a move is coming.

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Solana had a good run, but it's showing a distribution pattern. The UT was up to 82, so you can expect a scamwick to at least 82 before a final crash. Since this is crypto, nothing is guaranteed, so a healthy stop at a random number above the UT can keep you alive. The final price target is a full retrace down to 42, but in general, I advocate for a tiered exit,...

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Bitcoin is just above midway to the channel upper resistance. The 4H candle is building a doji, and with the weekend coming we could see an extended downside to 45k. There's a strong chance of continuation, so a break with rising volume could indicate a run to 50k, where another short would start.