I've been following meme coins, particularly 
PEPE 
SHIB, 
DOGE and recently $GUAC. I think there should be a breather over this level for many of these coins, although 
BTC seems strong still, given the amount of flows into ETFs. Meme coins have a lot of room to the upside. Think about how many people are thinking "Oh! BTC too expensive at $60k, I may try and buy another thing with my $200... Oh! this $GUAG / PEPE etc. looks cheap, imagine if it goes to a dollar! (mute)" as many individual retail investors are thinking the same thing, price pushes up, just to provide liquidity to a few individuals that want out at these levels. Hence, a sharp corrective wave to the downside may start soon for BTC and other coins. When? I don't know but BTC seems like can climb up to 
87K in the short term, although looks frothy here at $63,405. It rejected 
65K and perhaps as it is sitting just in the edge of the bollinger band it looks toppy. My immediate level for BTC to the downside is about $57k, then 
46K-$44k and may end up trading at $38-
41K with super strong support at $30k in case something extreme takes it down. A sharp move of BTC to the downside will take all the crypto down, but so far it looks like nothing can beat $BTC. Looks at 
GLD at ath. Something that GLD wants to tell us here?
PEPE SHIB, DOGE and recently $GUAC. I think there should be a breather over this level for many of these coins, although BTC seems strong still, given the amount of flows into ETFs. Meme coins have a lot of room to the upside. Think about how many people are thinking "Oh! BTC too expensive at $60k, I may try and buy another thing with my $200... Oh! this $GUAG / PEPE etc. looks cheap, imagine if it goes to a dollar! (mute)" as many individual retail investors are thinking the same thing, price pushes up, just to provide liquidity to a few individuals that want out at these levels. Hence, a sharp corrective wave to the downside may start soon for BTC and other coins. When? I don't know but BTC seems like can climb up to 87K in the short term, although looks frothy here at $63,405. It rejected 65K and perhaps as it is sitting just in the edge of the bollinger band it looks toppy. My immediate level for BTC to the downside is about $57k, then 46K-$44k and may end up trading at $38-41K with super strong support at $30k in case something extreme takes it down. A sharp move of BTC to the downside will take all the crypto down, but so far it looks like nothing can beat $BTC. Looks at GLD at ath. Something that GLD wants to tell us here? 
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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.