Finger on da trigga, quick pullback to that lower VWAP weekly band or maybe we just go. If corn doesn't fail us now, its go time.
Plan for $BTC, taking some off longs earlier, will be looking for pullback to 27.6k area to add back on. Not ruling out getting smacked down after we sweep 28.9k and deeper pullback. But feeling unlikely, 32.4k is mi target bois. #Crypto
Squiggles on ETHBTC chart for accumulating strong altcoins with longterm hold in mind.
Why not? BTC Weekly Grind. Just some ranges and lines to think about ;)
Could see this happening over the weekend to take out some of the range high liquidity? Just keep respecting that range, a falling channel also appearing maybe?
BTC market getting ready for some explosive movement... range is tightening along with volume+volatility going down, so I am leaning for a bullish breakout towards 37k as target. Especially if we break through this point of control $35,400 with strength. After that who knows!
Altcoin Cap (total crypto market cap without BTC) looks like it might be ready to breakout from this multi week bear market. Time for an across the board reversal?
If we look at the 30k-40k range, seems the bears are weakening on their selloffs. Price level of 42-43k is looking juicy for the taking if the bulls can come through with another push then we should move up towards the 45k resistance quickly IMO. We're grinding up against the 200EMA line which makes me think we will avoid the Death Cross scenario mentioned...
As highlighted on Monday the death cross continues to loom and would really be THE indicator to state that the bull market is over.
Something to keep in mind if we do keep ranging sideways or slowly bleeding, then you HAVE to watch 200 EMA and 50 EMA for a Death Cross, can't deny its a big bearish indicator in all past BTC bull runs.
Crypto marketcap looks like its breaking out from the bear trend which has been pushing down since 12th of May during the peak, bull market resume soon?
BTC range here to fill the Elon Candle inefficiency? That would be nice for a DeFi Summer 2.0, that being said BTC.D is showing signs of reversal so might be the king is waking up.
Nice reaction off the 200EMA! Not expecting Bitcoin price to nuke through the 200EMA, this will be a big demand zone. If we're going lower then expect ranging for several days imo!
Bitcoin dominance may start to reverse here, if so would see many Altcoins get steamrolled. Right now im buying spot dips on BTC, ETH, and strong DeFi related projects. Otherwise recommend caution!
Watch the key treasury yield events on Wednesday and Thursday, might cause macro movements for Bitcoin price.
Bitcoin Dominance at key support level on higher support timeframes, BTC.D bounces here and BTC wakes up? Also note BTC outflows from exchanges continue to rise with no large inflows, meaning supply will dry up at some point. Laws of supply and demand to print us new highs!
Looking for breakout on GRT today, if we break $1.68 then I think its going to run higher. Could wait for breakout confirmation, entry after retest of new support, would be the safer play. Otherwise long and strong!
SUSHI looks pretty undervalued right now, the new Kashi lending product will be big imo. Will be looking for long entry on retest.