ever wonder why BTC seems to go for a run after the last friday of every month? it's the BTC options expiry! coincidence? i think not!
watch as price approaches the prior trendline. i'm betting price flips resistance back to support before the bull train rolls along to a new ATH. i'm not 100% long until that support is established (or a convincing advance to a higher level).
as usual, i expect most of the market to follow. i hope everyone loaded up their bags last weekend!
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note that this doesn't change my feelings on the ETH/BTC narrative. i'm still fully expecting ETH to outperform BTC for the remainder of this run.
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good enough for me
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bounce please
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ETH sucking the life out of BTC. a lot of people don't like to hear this, but i think it's pretty clear that ETH will control the show from here on out.
call me crazy, but i really do see ETH dominance flipping BTC this year. ETH/BTC price just needs to barely squeak past its high from 2017 to do so.
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whales playing games with their pet dog again. either that or Elon sneezed or something. could throw a wrench into this BTC idea.
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yawn. taking her sweet time. still looking bullish to me. there's a sea of liquidity around the neckline, so maybe a bounce off of it would provide the momentum it needs for the next push. if i were trading this, i'd have my stop below that level ($55.5k-ish)
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bearish RSI divergence on the 4hr (daily still looks fine). if we can't flip this trendline back to support SOON, i'm calling this idea invalid and we may be taking another dip.
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definitely smells like alt season.
i'm starting to feel like DOGE whales are timing their pumps at key areas for BTC, specifically to drive the BTC price down.
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.