Tether Dominance matters!USDT #tether dominance is forming a bullish flag in lower time chart. If #usdtd manages to breakout, the next wave of correction will hit #bitcoin and #altcoins. If USDT.d loses %4.75 , that will be the invalidation.
Altcoins
$TOTAL2 and $USM2: Correlation never broken. What now? Today we dive into the world of crypto. We are looking into the recent rally in the Altcoins including CRYPTOCAP:ETH and §Sol and try to understand the reasons behind it and what is means for the future. CRYPTOCAP:TOTAL2 depicts the total market capitalization of all the Altcoins except CRYPTOCAP:BTC but including stable coins. When in doubt, zoom out. Today we are looking at the monthly candle stick charts for the CRYPTOCAP:TOTAL2 vs the $USM2. ECONOMICS:USM2 is the total M2 money supply from all the sources not only the banks but also other forms of cash within the economy. M2 money supply generally goes up and the economy grows and the Govt and Fed Balance sheets grow.
ECONOMICS:USM2 is primarily responsible for the increase in stock and asset prices. Crypto is no exception to it. Whenever the M2 Money supply goes up the Altcoins usually goes up. During the last Crypto cycle, the Altcoins peaked @ 1.7T $ in Nov 2021 and the ECONOMICS:USM2 peaked a few months after that in March 2022 @ 21.71T $. When the ECONOMICS:USM2 fell to 20.66T $ the Altcoins market suffered a bear market and lost 75% of the value. So, the question comes what happens to the CRYPTOCAP:TOTAL2 chart when the M2 money supply is expanding. We have clearly saw a recent surge in the Altcoin market but still below the ATH. Currently CRYPTOCAP:TOTAL2 at 1.16T $ is still below the 0.618 Fib retracement level plotted on the last cycle from top to bottom. Still CRYPTOCAP:TOTAL2 must cover a lot of ground and grow by 50% to reach its previous cycle top. In those cases, the ECONOMICS:USM2 must go up also by 1-2T $ to support such a jump in the $TOTAL2. But what will CRYPTOCAP:BTC do in that case?
Verdict : CRYPTOCAP:TOTAL2 can only go above $1.7T $ if ECONOMICS:USM2 expands by 1-2T $. Watch out for CRYPTOCAP:BTC in that case.
Thena Ready To Move Now! Strong Short- & Long-Term (1,155% PP)I don't like to post the same charts because there are just too many options and we cannot even get close to looking at all those, specially with a limit of only ten post per day. But, with that said, here we have Thena again, THEUSDT, why? Because it is ready to move and a great time-based opportunity only comes around so often.
When it comes to Cryptocurrencies opportunities are endless is true, but some tend to move faster than others and this one looks good. It looks good short-term and has huge potential also long-term. So good on all sides. Risk is very low. We have a classic local higher low and the stage is set, the world is ready; watch it grow.
Nothing is pointing down. Everything is pointing up.
No plan, no strategy, no complexities... Just buy and hold.
Namaste.
Ethereum vs Bitcoin 450% Growth Potential, Already ConfirmedEthereum is preparing a 155% rise vs Bitcoin, ETHBTC. The bottom is already in and this bullish wave confirmed. The 155% target is the minimum, "back to baseline," and it happens to match MA200 and the 0.618 Fib. extension level.
The main signal is a rounded bottom after a major multiple-years long downtrend. The same signal ETHBTC produced back in September 2019 but smaller in size.
The second signal is not specific to this pair only and relates to the cyclical nature of this market. Every four years, there is a bull market.
» ETHBTC produced a bull market in 2017.
» ETHBTC produced a bull market in 2021.
» ETHBTC will produce a bull market in 2025.
(Due to changing and evolving market conditions, the 2025 bull market can extend into early 2026. Just a possibility.)
This is true also for the small and medium cap. altcoins that are yet to grow. Strong projects such as Bitcoin and many big altcoins have been bullish for very long. These are on a league of their own. They cannot wait for the end of 2025 to produce a bull market because they have too much too strong demand and so they have been growing for years on end. The other part of the market, the neglected part, is about to go nuts. Extremely bullish in short.
This is a friendly reminder, load up and hold.
You will be happy with the results.
Prepare yourself to wait for months. On the safe side, 6-8 months. That would be minimum. The longer you are prepared to wait, the better it is for your mental state. There is no way to go wrong with Crypto unless you are doing leveraged trades. If you want to have certain profits, choose reputable projects through spot, and watch your money grow. Focused always on the long-term of course.
Namaste.
Sui Update, Retest of Support; Bullish ConfirmedIt's been 9 days since my last Sui update. The chart looks good.
For context, see the previous analysis:
We started at the C wave of an ABC correction. There was an attempt to push prices higher but resistance was found at MA200. The resistance produced retrace and the same support zone is tested and holds. If a new advance develops here, which is exactly what is going to happen, then you can expect much higher prices next. This time around, MA200 as resistance will break, which means a new high. The highest prices in more than six months, since January 2025.
This is where the next move will take us and this is easy to predict now that support has gone through a retest and holds.
Namaste.
Orchid 290% Profits Target, MA200 & Price Action FractalThe classic signals are already present on this chart, the double-bottom, etc. But I also have a price action fractal plus an unconventional signal supporting a bullish jump.
The easy target here is 290%, it can be hit within months. Not more than two to be more exact after the bullish breakout is confirmed. Long-term there can be more growth.
The price action fractal is a 1,2,3 sequence. A correction leads to a low that leads to sideways and then a bullish breakout. (1) The correction, (2) then consolidation and finally (3) the bullish breakout.
The unconventional signal revolves around MA200. When MA200 starts to curve down prices tend to shoot up. Right now this indicator only has a tiny curve but this is the start.
If you look at the action around September 2024, MA200 started to curve down. Prices continued sideways for more then a month but eventually a bullish jump developed. It always happens when MA200 starts to curve down. As it goes down, prices go up.
This is another signal that can be used to spot a trend reversal.
Thanks a lot for your continued support.
Namaste.
Ravencoin Bullish Continuation, Altcoins Bull Market ConfirmedRavencoin produced a major bullish breakout, we've seen many of those. It happens that you get one of these breakouts but the following week bullish action is dead. That was all, end of story. This isn't the case here and this is truly great news.
First, Ravencoin produced some of the biggest volume ever, only once was there a week with higher volume and the volume in the last two weeks is higher even than in the 2021 bull market. This clearly reveals the start of the next bullish phase, at least for this pair, but never in the history of Crypto has this project or any other gone on a bull market on its own, not in 2021 and not in 2025. What one does, the rest follows.
So we have a bullish continuation. Really high volume to break above EMA34 followed by additional growth. We can expect this trend to continue. These weekly candles are the biggest since 2021.
Get ready, because the same will happen across hundreds of altcoins.
Here is the daily timeframe:
Two days red and it is clear that this project is creating a new uptrend... Thank you for reading.
Namaste.
Bitcoin Cash Weekly Update, Moving Averages & Bullish PotentialI already looked at Bitcoin Cash recently, this time I want to see how the moving averages are doing here to compare with the other Crypto-projects. Good news for one pair is good news for other projects as well specially when they are in the same category. Bitcoin Cash is one of the big projects.
Here we can see BCHUSDT trading weekly above EMA34, EMA89 and MA200, while rising.
Resistance was found at $453, a fib. extension level. Once this level is broken as resistance you can expect a swift advance toward $680. It will be nice and easy. This is the last barrier and current price action is kind of mix.
It is good because this week trades at the highest since November 2024 coming from a low. It is bad because it is lower compared to 19-May on the wick but the week is yet to close.
A weekly close above $420 is highly desirable and favors the bulls, anything lower and we continue with a mixed situation. Make no mistake, the situation is mixed only short-term. The chart shows a clear bullish bias and there will be additional growth in the coming weeks and months. Only the short-term is questionable.
Bitcoin Cash, Bitcoin and the entire Cryptocurrency market is set to grow.
Thanks a lot for your continued support.
Namaste.
Solana Weekly TF, Good NewsI've gone deeper into Solana's chart and I have good news... You are looking at the weekly timeframe.
I looked at EMA34 and MA200 for some of the major Crypto projects, Bitcoin, Dogecoin, XRP, Cardano and Ethereum. You can find these in my profile @MasterAnanda.
Some were clearly bullish as the action was happening above both moving averages, others were mixed and one was bearish.
Solana is trading below EMA34 weekly but safely above MA200.
MA200 weekly sits at $100 for SOLUSDT.
There is another level of relevance, EMA89. On this chart shown as a blue line and this is the good news. EMA89 is working as support, it worked last week and this week it still holds. This same level matches perfectly the 0.5 Fib. retracement support relative to the move from 7-April to 19-May.
This is all to say that we are looking at a strong support zone, which means that it is likely to hold. If it breaks, it should be brief followed by a recovery right away.
Namaste.
Acala Hits Bottom, Which Means Bull Market Next (2800-3500% PP)Acala is now five weeks into the fire. If you read often you will understand clearly what I mean; if you are new, this might not make much sense.
The low happened 14-April here, ACAUSDT. Some weak action and then red. Five weeks red and the action remains relatively sideways, not much change in price.
Current price trades above the 14-April low. The 14-April low was 0.02698. Current price is higher. Five weeks red, high bearish volume and yet, no new major lows.
Notice the drop from early December 2024 until April 2025. Five weeks red can cover a huge distance, there can be a strong decline. When you see five weeks red but no change in price, this is a bullish signal. It means that the bears have no strength. It means we are not seeing a bearish trend nor a bearish impulse, instead, a retrace and stop-loss hunt. Since bearish pressure is non-existent and after weeks of selling prices aren't going any lower, we can predict change soon.
This change is bullish. The bullish signal comes from the fact that the bearish action is just too weak. It is like seeing prices trading near resistance (say a new all-time high) for weeks, months with no advance. This would reveal that the top is in and a crash comes next. In this case, the bottom is in and a bull market will follow.
Thank you for reading.
Namaste.
C98 Hits Bottom, More Than 3,333% Growth PotentialHere C98 breaks the pattern, a channel breakdown after going sideways for years. This is the liquidity hunt event. Two signals reveal that this drop is the bottom and precedes a change of trend.
1) The highest volume ever and since 2021 came in March as C98USDT looked for a new low.
2) We have a double-bottom.
The bullish action will start without warning, Boom!, 100-200% up. Then it will continue with full force, month after month after month of a rising market, see the green arrow. We are now very close.
That's all there is. Once you hit bottom, there is no other place left to go but up. Nothing, nada, nichts, niente, rien. Only up is possible now and that's where we are headed next.
Buy and hold. Growth potential goes between 2,500% and 3,900%.
Namaste.
ETH/BTC - Last Drawdown Before Rally Upwards!After a long downward road, CRYPTOCAP:ETH / CRYPTOCAP:BTC chart seems to be finally ready to move upwards! The first signs of strength were already shown!
(1) The chart bottomed at the 0.019₿ point, made a big pump from there and now consolidating in the tight horizontal range between 0.023₿ - 0.025₿.
(1-2) I expect to see a one final shakeout down to 0.022₿ support to trigger high-leveraged positions on altcoins (possible -5% - 20% pullback, especially on weak altcoins that didn't show any strength during the past week) .
(2-3-4) Then CRYPTOCAP:ETH can safely ride up towards 0.032₿ zone, from where I expect a local ABC correction to start. More likely we will spend the rest of summer in the 0.028₿ - 0.033₿ range.
(4-5) After that, the final wave towards 0.038₿ should happen during Autumn Season (autumn is typically a bullish time for crypto, based on the previous couple of years) .
Position yourself accordingly. This year must provide a lot of opportunities to earn not only on Ethereum, but on Altcoins as well.
Dogecoin Weekly, Bullish Update —1,2,3,4,5 SequenceJust to make sure we have a little bit of everything, here we have Dogecoin sandwiched in-between EMA34 and MA200.
» XRP is trading above these two levels.
» ADA is trading below.
» ETH is trading above.
» BTC is mixed.
Seeing DOGE in-between can reveal a few things.
No drama, MA200 will hold.
MA200 sits at $0.13822.
Notice the drop between December 2024 and March 2025.
Big red candles; straight down.
Notice the more recent drop, between early May and early June.
Small candles and a curve is starting to show already.
What I am gathering from all these charts is that the retrace only has 1-2 weeks left. I say 1-3 weeks just to play it safe, but it seems to be almost over, the bearish action.
Look at this 1,2,3,4,5 sequence.
1) The last peak.
2) The main low.
3) Initial breakout.
4) Retrace and higher low.
5) The next peak.
We are currently at #4. This means that we are set to experience a new wave of growth, "the next peak."
Thanks a lot for your continued support.
Namaste.
Cardano Weekly, UpdateCardano weekly doesn't look as good as XRP and Ethereum, this is true because I am using the same indicators.
Here we can see ADAUSDT trading below EMA34 and MA200. We can even see an attempt this week to move higher followed by a rejection, this means that there can be some more bearish action before higher prices but this bearish action can easily happen short-term. Why? Because Cardano has already been dropping for five weeks straight.
The rise from the 7-April low lasted a total of six weeks. The week that produced the peak is also the first week of lower prices. So we can say 6 weeks up and four weeks down, or, five weeks up and five weeks down.
The thing is that the market seeks balance and this retrace is already big enough and has been going long enough. Yes, the action is happening below these moving averages but this can easily change.
Short-term bearish.
» ADAUSDT will continue bearish as long as it trades weekly below the $0.7050 - $0.6875 price range. When ADAUSDT moves and closes above this range, the bullish bias is confirmed. Any trading below and we wait.
Thank you for reading.
Your support is appreciated.
Namaste.
XRP Weekly UpdateThe line on the chart stands for EMA34. Notice two things about this level: 1) It was challenged 7-April but the action closed above. 2) The action "now" remains above this level but it has not been tested again, this is a bullish signal.
When it comes to the weekly timeframe, long-term, XRPUSDT continues bullish, with a bullish bias aiming higher. What we are seeing now is consolidation, accumulation, nothing changes and we can expect more growth.
Yes, the market shakes a little bit but this is the classic short-term noise. Zoom out, what do you see? You see just a few candles, red and green, but no change at all. The market is advancing to the side, after this side-advance, it will advance up; a bullish jump.
EMA34 sits at $2.01. We are strongly bullish above this level. We can expect growth in matter of weeks. Can be 1-3 weeks but it can also happen within days.
The retrace was small, consolidation has been going long enough. We are ready to start the next bullish wave.
Namaste.
Ethereum Weekly: Bullish & Bearish ExplainedEthereum has been sideways five weeks straight. Market conditions here are bullish and bearish short-term. Let me explain.
The market has bearish potential because of resistance. Ethereum has been facing resistance and fails to move forward for more than one month, but the bias isn't bearish, this is just a potential based on short-term price action.
The market has bullish potential because of a strong recovery after the 7-April low; because it trades above the August 2024 low and because there is very little retrace since the 5-May break of resistance in the form of EMA34 and MA200.
Ethereum is bullish because it trades above MA200 and remains above this level.
We are seeing bullish consolidation. There was an advance recently and after this advance the market went sideways. This means bullish.
While there can be a retrace short-term, market conditions remain bullish for this pair; ETHUSDT.
The bulls have the upper-hand and the majority of signals are bullish. Ethereum will continue to grow.
There is no scenario where Ethereum moves and closes weekly below its 3-Feb and 24-Feb lows ($2,075). It is simply consolidating before additional growth. It is going to go up, sooner rather than later.
Thanks a lot for your continued support.
Namaste.
Bitcoin Weekly: Bullish & Bearish ScenariosThis is the definitive analysis based on the weekly timeframe. Depending on how the weekly session closes the market trend will be defined. Bitcoin is both bearish and bullish. Let me explain.
» If Bitcoin can move and close weekly above $110,000, market conditions are considered bullish and we can expect higher prices.
» If Bitcoin moves and closes weekly below $100,000, market conditions are considered bearish and we can expect lower prices.
» Any trading between $100,000 and $110,000 can be considered consolidation. Since the main move is an advance starting 7-April, the consolidation has a bullish bias; makes sense?
It is a bullish bias but a bullish continuation is not confirmed. Bitcoin peaked the 19-May week, a new all-time high. Then it produced a lower high this week. This implies bearish potential and bearish pressure.
» If this week closes above last weeks high, around $107,000, we can say the bulls are gaining ground.
» If this week closes at the open or lower, say $105,000 or lower, then the bears are gaining the upper-hand a lower low becomes more likely.
It has not been decided, anything goes. Anything can happen because Bitcoin will not die, trading won't end if prices move below 100K. This would simply lead to a bounce and a recovery later down the road.
It also works in reverse, if Bitcoin moves higher, nothing happens, the market will continue to be and exist, it will continue to grow and evolve.
Right now we are mixed, this is a decision point. The action is determined by the price, depending on what prices we get we can know what comes next. Since the week is yet to close, we remain in doubt but the bearish bias has the upper-hand short-term.
Short-term bearish potential is strong based on the ath, triple-top and lower high.
Mid-term the market is in a bullish trend facing resistance. The wave from 7-April through present day.
Retraces and corrections are normal.
Long-term Bitcoin is bullish, because it has been growing since November 2022.
Thank you for reading.
👉 If you would like to see an update when the week closes hit boost!
Namaste.
Altcoins: Warning. Check this chart!On the weekly timeframe, I’ve noticed a striking similarity between the 2021 cycle and the current one.
Take a close look at the chart—once you see it, you can’t unsee it.
Are we at the same point we were in March 2022?
The MACD is nearly identical
The RSI mirrors the same pattern
The Vortex Indicator stands at a critical crossroad
The only difference: trading volume is significantly higher
This setup resembles a potential triple top formation. If it confirms, it could completely contradict the bullish forecast I’ve held for months—or it might just be a fakeout.
We're at a decision point for altcoins: either the altseason kicks off in September and invalidates this bearish pattern, or we're headed toward a dot-com-style crash for most altcoins—excluding the top 10.
Keep a close watch on $OTHERS. History tends to repeat—let’s hope not this time.
DYOR
#Crypto #Altseason #BTC #CryptoAnalysis #MACD #RSI #BitcoinDominance #Altcoins #TradingView #TripleTop #CryptoCrash #Blockchain #CryptoCycle #MarketAnalysis
Sell Bitcoin and buy Altcoins!🚨 Controversial Take Ahead – Packed With High-Value Insights 🚨
Let’s dive deep.
👨💻 A bit about me:
I’ve been riding the tech wave since the beginning:
Programmed video games in the 80s and 90s
Built VSTi plugins in the early 2000s
Started creating websites when Internet Explorer 1.0 launched
Sold 3D assets when Unity 2.5 (first PC version) dropped
Launched my own blockchain in 2016
Deployed smart contracts on TRON in 2018
I don’t follow trends—I predict them. My instincts are backed by decades of hands-on experience.
Now, here’s what I see coming:
⚠️ 1. Sell Your Bitcoins
Yes, Bitcoin is obsolete. It’s a technology—not a precious metal—and like all tech, it must evolve or die.
Ask yourself:
Do you use a Blackberry today?
Still flying in 1930s planes?
Gaming on an Atari or Commodore 64?
Surfing the web with Lycos or Altavista?
No? Then why are you betting on a 2009 technology?
Most people don’t even understand how Bitcoin works—ask around what SHA256 or RSA means.
Crypto is misunderstood, and that’s dangerous.
Back in 1998, I created the UPL library, which handled data compression & encryption using all major algorithms—Huffman, LZSS, DES, RSA, etc. I’m not just throwing words around—I’ve built this stuff.
Politicians and financial institutions (yes, even Saylor) are 15 years late to Bitcoin. They're missing the truth: BTC’s upgrades failed (Ordinals, Runes, etc). Its value holds due to FOMO from the uninformed, not innovation.
One day, your Bitcoins will be as worthless as mp3.com stock. That’s not opinion—that’s technological reality.
🪙 2. Buy Altcoins
Not every altcoin is a winner—but that’s where the real opportunity is.
Remember:
Nokia and Blackberry ruled before Samsung and Xiaomi.
The next Amazon, Google, or Nvidia already exists—and it's trading for pennies.
When people laugh at altcoins, that’s the time to buy low.
Altcoins like CRYPTOCAP:SOL , CRYPTOCAP:SUI , MIL:UNI could 100x… even 100,000x.
Bitcoin might double—and then crash.
Smart traders buy when everyone else is mocking.
🌍 3. Consequences of the BTC Collapse
This collapse will come at a turning point in global power.
Wall Street and U.S. states are heavily exposed to BTC. If it crashes, the Western financial system could implode—a dot-com-level disaster.
China, on the other hand, is stable, adaptive, and tech-forward.
Crypto without staking, DeFi, NFTs, GameFi, smart contracts? That’s not the future—that’s Bitcoin. Altcoins are the future.
Bookmark this post. Re-read it in 10 years.
You’ll remember I said it first: Innovation is unstoppable.
Enjoy the last Bitcoin pump. Then watch what comes next.
DYOR.
#CryptoRevolution #AltcoinSeason #BitcoinCollapse #Web3Future #BlockchainInnovation #SellBitcoin #BuyAltcoins #CryptoTruth #DeFi #GameFi #SmartContracts #CryptoShift #UnstoppableInnovation
$INJ to re-enter my buy zone? $11.12 must hold!Altcoins are experiencing another pullback.
CRYPTOCAP:INJ had a solid pump recently, but it’s now facing a significant drop.
This could be a good buying opportunity — assuming we’re not entering a bear market.
Key level: $11.12 must hold.
If it breaks, the next major support is around $9.10.
While the macro trend remains bullish, this retracement is concerning.
Set your stop losses accordingly.
DYOR.
#INJ #Altcoins #CryptoTrading #MarketUpdate #CryptoAlert #BuyTheDip #DYOR
Terra Luna Classic LT Double-Bottom & 771% Potential ProfitsYou can say it is a long-term (LT) triple-bottom when taking into consideration the July-August 2024 support.
Terra Luna Classic (LUNC) has been reacting at the same level for years. Each time this strong support range gets challenged, what follows is a bullish wave.
» August 2023 marked the bottom of the bear market. And this produced a bullish wave.
» July-August 2024 marked the bottom of a correction and this produced a new period of growth.
» February-June 2025 is the present low and this too marks a market bottom, from this point on we will see so much growth. This support level is already confirmed and the action has been turning bullish. Here is what I mean.
A low in February 2025, a higher low in April and now a new higher low in June. LUNC has been growing from its base. This reveals what comes next.
When the market is bearish, these lows become lower and lower, by a significant amount. Instead, there is no bearish momentum, no bearish force, in fact, the bearish wave is over, we are seeing accumulation, four months of accumulation before a new wave of growth.
Hundreds of percentages of points up follow next. The chart shows 771% profits potential but there will be more, likely to be much more. This is the best time to buy, when prices are low. Comeback to this publication and see the results in October or November 2025. You will see the difference in price. Right now LUNCUSDT is trading at 0.00006066. In 4-6 months, prices will be many times higher. Wait and see.
Namaste.
JITO Long-Term Accumulation Phase, Whales, Exchanges & 500% PPThe same market conditions prevail on this chart as with many other altcoins. The low is in. The low has been in for months, since 7-April 2025.
The advance has been happening very slowly and this is good. There will be a point where everything is up "out of the blue." No blue here, no surprise. When you see everything goes up 300% or 500% in a matter of weeks, remember that first the market was sideways for months.
This sideways period is the consolidation-accumulation phase and this phase is when the bulls amass strength. Whales are loading. It takes a while because liquidity is not strong on these pairs so it takes months and months for the whales to be able to inject hundreds of millions into the market. If all the money was injected in a matter of days or weeks, it would be chaos, that's why it takes time for a bullish wave to develop.
This phase can last anywhere between 3-6 months. Some pairs already moved ahead and produced some growth. This growth is corrected, it is just like saying, "Hey calm down, not so fast..." And the exchanges put selling pressure on the market to reduce prices so the whales have more time to accumulate. Retail is always anxious, whales are always patient.
Accumulation can only go for so long. It is like a pressure cooker. Pressure builds up and boom! There needs to be a release, the release here is experienced as a very strong wave of growth.
To be honest, the story is irrelevant, only one thing is relevant if you are here for profits, to make money, to trade; Buy when prices are low and hold. Wait patiently for prices to grow. Sell when prices are high.
Only one thing matters, entry prices and timing.
If you get the right price and the right timing, you will do great. We are witnessing a long-term accumulation phase. It is reaching its end.
Cryptocurrency will grow.
The Altcoins will grow.
Bitcoin is already too strong.
Patience is key.
Thanks a lot for your continued support.
Namaste.
AERO: Take Off!?If you find this information inspiring/helpful, please consider a boost and follow! Any questions or comments, please leave a comment!
Long Entry at $0.515
Recap
SPARKS:AERO caught a bid after Coinbase news hit, but world events quickly clipped the rally’s wings. Price bounced cleanly off the .48 level, which aligned with an Area of Interest (AOI), a Level of Interest (LOI), and a golden zone retracement displayed in the last analysis.
Explanation
The .48 level was key and the reaction was textbook. The Coinbase news provided a catalyst just as price reached the .55 level. However, macro uncertainty remains a headwind.
Now, all eyes are back on .55. Bulls need to defend this structural level. The current pierce of .75 is an encouraging move. Continuation and a proper flip of that level would keep confidence high. Wave 3s are a sight to see, so a retrace may not even occur if price simply sends. Still, while AERO stood up and moved counter to the broader market when world news dropped, that alone may not be enough if global bearish reactions continue.
Outlook
Entry projected in the previous analysis has played out in ideal fashion, but the market remains fluid. Key levels:
.75 recent break
.55 ideal hold
.48 impulse invalidation
Current trend at the lesser degree is up and holding higher lows. Next objective: take out the .80 pivot and change the trend at the higher degree.
Break of the higher lows at the lesser degree would be the first sign of weakness. I’m watching for a definitive correction for a potential long add. A swift move that breaks higher lows could signal danger to bulls.
Trade Safe!
Trade Clarity!
