$800M longs wiped out today
#Bitcoin ETF narrative did a great job luring people in
(I warned you about it just 2 weeks ago)
#BTC broke the support trend line of this mini bull / echo bubble 📉
I thought we would bounce off it one more time before breaking it 😓
RSI hasn’t been this oversold since March 10th 👀
So we can get a bounce at least
#BTC Bollinger Bands are the tightest since... January 2013! 👀👀
This is truly remarkable. Such an extreme volatility contraction is very rare.
Serious volatility spike is coming, so watch out❗️
$EGLD #MultiversX Macro Update
It’s been almost a year since I shared my $EGLD Macro chart. Nothing’s changed. IMO everything below Resistance 1 is Accumulation
We’re slowly approaching my Buy Zone $28-21 📍 👀
I’m sure we’ll dip into it this year, so I keep my stables ready.
Resistance 1: $60-70 (not a big deal)
Resistance 2: $130-160 (Target 1)
🎯 Target 2 - $270
🏁 Bull Market Top/Ultimate Target - $870
$MINA Macro chart
Just look at this humongous Falling Wedge that's been developing on $MINA since its listing 👀
Next leg down should be the final one (obvious Buy for me)
📍Buy Zone: $0.35-0.25
Resistance 1: $0.90-1.20 (not a big deal)
🔑 Key Resistance: $2.15-3.55 (Target 1)
🎯 Target 2 - $14.5
🏁 Bull Market Top/Target 3 - $40
🧨 Huobi's stablecoin reserves fell by 33% ($49 million) last week as traders withdrew their funds in response to reports of alleged arrests of the exchange's executives.
Background: Authorities are currently investigating Huobi exchange over fraud and suspicions of concealed insolvency, prompting a surge in user withdrawals.
In a countermove, Justin Sun injected $200M USDT to offer liquidity, aiming to stabilize the exchange amidst the crisis.
💡The repercussions of the exchange's downfall can be massive, and would easily extend to the broader crypto sector, including Bitcoin. Something the involved parties seem keen to avoid (especially after what happened with FTX).
$NEAR Macro chart
I’m expecting the last major leg down this year. $NEAR should drop below $1
I will be an aggressive buyer between $0.98-0.73 📍
(the lower the price, the more I buy)
Key Resistance ~ $6.5. Consider it the 1st target, but I believe $NEAR will break its ATH in 2025
🏁 Bull Market Top: $50
Oh sh*t, it's the INVERTED #BTC 2w chart! 😅😁
Sorry moonboys, looks like Bitcoin ETFs ain’t saving you
This massive Falling Wedge looks really bullish 📈
(i.e. #BTC should dump to the low 20ks in Q4)
#BTC BBs 1d zoomed in
What's interesting here is that when the Bollinger Bands get very tight, we usually get a false move first and then the real one in the opposite direction 🧐
#BTC Hash Ribbons Buy signal is here! 🔵 👀
We had one in January and #BTC rallied +50%
This is definitely something to pay attention to
⚡️JUST IN: SEC has decided to delay decision on the ARK spot bitcoin ETF filing.
Anybody surprised?
This is soo 2018 type of news 😂
If you trade/keep funds on Huobi, be extremely cautious❗️☝️
Huobi exchange looking like it's a slow moving train wreck, nearing its final throws.
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My ideal scenario for #BTC
I think we should touch the Realized Price before the Halving
$NEAR 2D update
It was a perfect Buy in November-December, we managed to catch the very bottom and doubled our money in just 1 month!
So here we are, visiting my old Buy Zone again
It’s still a good spot to buy some $NEAR for the long term, but in my opinion we’ll see lower prices a bit later.
New macro chart coming 🔜
$KSM #KUSAMA Macro Chart
Q1 2023 pump looked convincing at first, but got completely faded in Q2
I still think this is a big Accumulation
I see $KSM forming an iH&S type of structure and we’re almost half way through it. Since I’m bearish on #BTC for the rest of the year, I believe $KSM will take a nosedive as well 📉 (below $15)
🎯 Target 1: $160-200
🏁 Bull Market Top: $1,000
❓Is this picture bullish or bearish?
To me it looks pretty bullish. Corrected to 0.5 Fib after a massive pump. Currently sitting at the apex of a nice Falling Wedge
I’d say it should break out soon 📈 👀