Rally into inauguration and pro crypto policies coming into effect, sell off into tax season/summer doldrums, top callers take victory laps, ~100K holds support and we rally through the expanding funnel into year end. Price TBD but north of 500K likely. Lets see how this ages. gl
Weekly bottoming formation looks very similar to PA around 16-17K. High probability of ETF approval, could happen any day now. Would send BTC to 33-36 area almost instantly. Breakdown of 25k brings us to 20-21k. Not worth selling here.
Sol has had its ass handed to it thanks to SBF. It’s been underperforming probably due to this stigma of crooked VC crypto fraud, but the chart screams upside. Ftx pump retraced, just a matter of time before it breaks out from downtrend. If weekly can hold above, look for pump into 30-40s and assuming crypto continues its run (given liquidity increases, rate drops...
Coin to ~$100 Inverse head and shoulder pattern in addition to bullish divergence. Should see some action soon.
Just an idea, but given the macro context, the saturation of crypto/NFT market sucking new capital away from BTC, it looks like BTC PA might be operating inside of a new and less steep channel. Something to consider moving forward. Good luck!
Looks like a giant ascending triangle. Clear resistance and support levels. Long weekly close above resistance with RSI downtrend break OR short ascending support breakdown.
LTC looks like it is ready to rock and roll relative to BTC. It is bittersweet because I feel like LTC pump can possibly mark the end of the bull run (for now) as it is a 2017 shitcoin and laggard in PA. I have a bag though and will be looking to swap into BTC for long term holding. Good luck!
Can we hold this rounding bottom formation? Lets see
If we can close above 10200 on the weekly, I think we go higher. Check out previous candle action after drops.