April’s $31k high is broken! There’s no selling pressure (yet)
#BTC has gone up much higher on this bounce than I expected (which is okay).
As I said, I wouldn’t try to short #BTC here since a bigger short squeeze might be coming
Waiting for the weekly close
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And we have another one!
Investment firm Valkyrie files for spot #Bitcoin ETF
Most interesting here with this updated Valkyrie Bitcoin Fund prospectus - they have changed their exchange to Nasdaq (same as BlackRock) and they gave us a ticker $BRRR 😂
This is the initial post ☝️
Back in May I predicted the dip into the 24-25k area and a Strong Bounce we’re having right now 😎
For now there's no bearish confirmation, so I'm in no rush to go short. I need to see a bearish confirmation first
$XRP Macro Chart
Striking resemblance between the current and previous cycles
I think $XRP will lose its main Support line like it did back in 2019 📉
🎯 Downside target is $0.22 (conservative)
One more #Bitcoin ETF application
This time Bitwise refiles for Bitcoin spot ETF following BlackRock
Are we back in 2018 or what? 😂
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#BTC 1D chart
My expectations for the next few months👇
I still think the Key Support will hold for now and we’ll see a Relief Rally (Bull Trap) this summer
💭 Eventually the Support will break and #BTC will most likely drop below its March low
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Painful breakout on the $BTC Dominance 😓
Yes, there’s a potential bear div, but it’s not confirmed yet so nothing to talk about
In 2019 #BTC rallied 360% and this year we have seen a rally of just 100%. Why? 👇
In 2019 #BTC’s Market Cap was around $70B at the bottom.
In January 2023 #BTC’s Market Cap was $330B.
Feel the difference?
💡 As an asset gets heavier, more capital is required to move it (diminishing returns). This is why I think we didn't get the same +360% pump, only +100%
📍20 days ago I warned you about the trend change on #BTC 📉
What do we see now? #BTC broke the 200-Week MA. MACD crossed bearish
Moonboys in disbelief 😭
$ETH update
The curve is broken ❌
Currently testing the Key S/R level
It’s Do or Die here. Bulls have to hold this horizontal, otherwise it will get nasty
$SOL update
Nice +28% bounce off the support ✅ 👌
No talk about the bullish case until the resistance line is broken
$LTC 1D update
I didn’t expect such a deep C wave. $LTC overreacted as usual 🤷♂️
(This is the first warning sign)
We even swept the May’s low (!), which broke the triangle structure, but I like that the price is sitting right where it should be despite that June’s market crash
⌛️ 40 days until the $LTC halving, we still have a chance to rally, but I decided to close my Coin-M long trade in a small profit (+10%, 3x long)
I only hold $LTC on spot. Maybe I’ll enter another long trade if I see bullish continuation, but for now I stay cautious
#Bitcoin is up 20% from the local low so far but we haven’t seen large short liquidations yet 👀
I bet we’ll see the blood if $BTC breaks $31k
🩸 There’s a lot of liquidity between $31-35k
Perhaps a bigger Short Squeeze is yet to come, so stay cautious & don’t do stupid things
#BTC 1W
So, we have a whole weekly candle open & close below the MA200 😬🚩
However, I like the shape of the candle (bullish Hammer) and the fact that #BTC held the EMA21, but what we can get is just a bounce imo
There’s a nice Falling Wedge which should breakout soon. Target on the chart 🎯
⚡️ $10 trillion BlackRock officially files for spot #Bitcoin ETF
Good news. Maybe by 2025 the SEC will approve it lol 😂
#BTC 1W update
A Dip into the $24-25k area - done ✅
This Key S/R level will hold IMO! I’m expecting a good bounce from it 📈
#BTC 1W 2019 v 2023 comparison
- Same Echo Bubble.
- Same Breakout Candle.
- Same 147 days of uptrend until MACD crossed bearish.
Probably nothing
$ADA Macro chart update
It was a nice mid term bounce, but $ADA didn't manage to regain the horizontal (prior support)
$ADA is back on track towards my Target Zone ($0.12-0.17)
$SOL Mid-term update
$SOL finally hit the support I’ve been waiting for 👌
Am I still that bullish? Not really, but we probably bounce off the support.
For the bullish case I need to see confirmation