- Bitcoin has traded relatively sideways for the past 8 months, after recovering from the FTX fallout of late '22 around $15k, it has rallied to new highs over the past two years back to ~ FWB:73K - with the backdrop of Bitcoin ETFs live + general favorability towards crypto as an asset class from tradFi incumbents, am expecting the gap between Bitcoin and Gold...
buying mid-range retest / bullish shift in daily market structure targeting new highs been consolidating in this range for 4 months expect breakout in one direction soon
spot trade, downside risk ~30%, upside 8x Solana has established itself as the premier alt L1 this cycle, trading 45% off the highs w/ catalyst of WW3 and network congestion, latter of which will be fixed soon bull market dips are for buying
it's cooooooooked bros - range high deviation / failed breakout - loss of HTF daily/weekly uptrend - supports ~1600, 1350, 1000
2100 --> 1700 --> 3400 HTF bullish trend, LTF bearish deviation + break in m/s
- over exaggerated reaction to FTX blowup + SBF crimes - most performant L1 by far - still has active dev community - upside with Sol DeFi 2.0 & NFTs post more efficient compression through Metaplex - localized fee markets, QUIC, & stakeweighted QoS not priced in - network much more technologically sound than it was at ATH's - from technical perspective needs to...
- one of strongest Layer 1s off the lows - catalysts w/ upcoming account abstraction + Fantom Virtual Machine - much lower market cap than other premier SC platforms w/ only ~1.4B - retest of multi-month range highs, don't want to see this trade back into the range on weekly basis - intra week dips into higher low of weekend from SVB implosion + USDC depeg +...
consolidation / re=accumulation under previous all-time highs 2011 - looking for multi-year breakout hedge against worsening recession + FED maintaining tight economic conditions throughout year instead of cutting rates
failed breakout followed by retest of strong base around ~53k & reclaim of previous ATH, targeting 2.618 fib extension
- 3 years of sideways price action on the ethbtc pair, breakout & pullback into monthly support - ETH should outperform BTC next few months
long, desc tri bear trap, invalidated on ~30k break more likely on flip of 35k pivot