Eth looking really strong right now. 4 hr candle close above first resistance. Second stop is $235. I still think it’s way undervalued. With the Defi craze going on we should be at $300-$400 right now.
BTC has been ranging from high $8k to $9800 for a while. Monthly and quarterly close is on its way. I think we need a close above $9400 to remain bullish and on an uptrend for the rest of the month. Will it be a repeat of the January/February candles? Let’s see how this plays out. Anything can happen. Stay safe
Closed my short on the dip yesterday. (See previous post) It looks like it’s testing new resistance at $227.50-$228.25. Unless this area is not flipped, consider this a bearish re test. Stay safe
Eth held strong above $230 after that rejection at $250. Daily needs to close above $238 to keep the momentum going. Otherwise we may see some price decline. No matter what this is my heavy spot bag and I am beyond bullish long term.
So far it’s looking pretty ugly yet it’s still remaining within the trend. $9250 has been a pretty solid support and it seems to be holding. If that’s broken then I’m targeting $8500-$8800 area. CME futures expires this Friday with massive amount of contracts, plus the end of Q2. Let’s see if BTC how this goes. Stay safe
BTC is currently sitting at Resistance. Bulls need to give it a good push past the $9600 and flip it to support. Otherwise we might start a slow decline. This is still going to be an interesting week with the CME futures expiration.
Sidenote-I think this pump was caused by the rumor of PayPal adding a platform to purchase crypto. We all know how the rumors go....
The low chop and sideways action continued throughout the weekend. Weekly close and Rsi (at resistance) both seem to point to the downside. Definitely feels like a big move should be coming this week. Remember CME futures expires this Friday with a large amount of contracts and Q2 is coming to an end. Targets on chart...if we lose $8800 then game over (short term)...
It’s been pretty choppy and boring the past couple of days after that dip to $8800. Still leaning toward the bearish scenario...if we loose $9200 then it may re test the $8800 zone or even lower. Pretty hard to say with all the manipulation in every market. Two things I’ve noticed: Massive buy walls ($40 mill) on Shitmex which haven’t been seen since that March...
Besides the H&S formation on the daily...my buddy spotted this fractal that seems to be playing out. I still think we are slowly grinding our way to another test of the $10k zone. Stay safe.
Looks pretty clear on the chart. Let’s see how low it can go this time. That last sell off it tapped $8600 on Shitmex but ranged between $9200-$9300 on other exchanges. But first I’m expecting a move up to test the $9800 area. If that’s flipped then I don’t see anything stopping it. Let’s see how this plays out. Stay safe
BTC has been ranging here for a bit. Serious coin flip here. After all the fake outs and wicks...decision time looks imminent. Let’s see how this plays out. Currently only in spot.
BTC was rejected twice at the $9500 range. Still holding in the $9400 area but I don’t think it will last long. MIGHT get a retrace to $8800 range. Stay safe people. By the way check out Maker. Coinbase pro listing and Coinbase app usually follows.
Crazy how these trend lines work out perfectly sometimes. BTC is holding strong in the $9400 zone at the moment. If it can bust through $9500 and flip it as support I’m bullish. Volume was pretty low on this move so I’m hoping it’s not a trap. WinkleVoss boys partnered up with Samsung and Grayscale trust has a huge BTC holding. Pretty sure that news gave it a...
Sup everyone. So BTC just did a re test of the trendline. Not sure what caused this small pump but it could be two things: CME Gap in the $9000 range which got filled or the Goldman Sachs meeting regarding BTC which turned out bearish because they said BTC/Crypto is not an asset class. Besides that CME futures expires in two days (sorry I’m constantly saying that...
Been short on the corn for a while with low leverage just to be safe. RSI trendline is broken and PA should follow. Target is still in the $7k range. CME expires this week as well, so it’s always a bad week for crypto. Plus it seems Wall Street is moving back into stocks. Let’s see how this plays out. Stay safe
