$NVDA (#Nvidia) looks ready to break the neckline and fill the gap 👀
I wonder how #BTC will react to that
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So, #BTC CME Gap at $35k got filled.
Now there is only one Gap left: $20-21k 📍
No guarantee we get there, but still this is something to keep in mind
If you bought some $MINA at $0.35, its time to take profit here at Resistance
+160% gain is a great profit 😉
Enjoy 🥂
Well, what did I tell you today?
"…there’s a lot of liquidity between $31-35k"
"Beware of a possible short squeeze"
And boom! The #BTC price quickly pumped and grabbed that liquidity. 👏
$190m shorts got wiped out 🩸
$LTC 1D chart
This is how I see the small bounce that I mentioned 2 weeks ago develop
$78 is a serious resistance 🔨
Break out of the triangle, ideally pump into resistance and then back to new lows 📉
#BTC 1w
Very strong weekly close, silly to deny that.
However, a big green weekly candle itself doesn't mean much. 👉 The only big green weekly candle that mattered this year was the week of January 9th. The other ones didn't have a proper follow through.
If the seller wakes up this pump will be engulfed in no time. Don't FOMO
As I told you back in June after a similar pump, there’s a lot of liquidity between $31-35k 🩸
Beware of a possible short squeeze
$APT is pumping nicely but I wouldn't recommend to FOMO 🙅♂️
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$EGLD Macro update
Accumulated 50% of the amount I wanted to buy in my Buy Zone.
Planning to buy the rest 50% only in case of capitulation below $20
Over the past 13 years #Bitcoin had the same Bull Market Pattern repeat. Let me introduce my #BTC Bull Market Model which consists of 2 Phases:
[ Once the price finds the bottom, we see a swift recovery / dead cat bounce / echo bubble / whatever ABOVE the Support Trendline. That’s Phase 1 (Introduction to the $BTC Bull Market)
Then we see a correction to that Phase 1 as we break BELOW the Support Trendline (I call it Transition)
The correction ends and we kick off the Phase 2 (Bull Run) which develops BELOW the Trendline and tests it from below only at the Top of the Bull Market. ]
So what about the Bull Market Top? 🤔
- 2013 Bull Market topped out right at the 2.272 Fib extension from the 2011 Top to bear market Bottom.
- 2017 Bull Market Top - same 2.272 Fib extension from the 2013 Top to Bottom.
- 2021 Bull Market Top - 1.618 Fib extension from the 2017 Top to bottom.
📌 Returns diminish as the asset becomes heavier, it’s hard to deny that.
💡 I think this cycle #BTC will top out in 2025 somewhere between 1.272 & .1.414 Fib extension from the 2021 Top to Bottom.
$ASTR #Astar Macro chart
I’m pretty bullish on this one, I think it can do really well in a Bull Run 📈
However, I can’t ignore that big Descending Triangle => new lows are coming (great buying opportunity imo)
📍 Buy Zone 1: $0.035-0.028
📍 Buy Zone 2: $0.020-0.015
🔨 Key Resistance: $0.10-0.12
🎯 Target 1 - $0.34
🎯 Target 2 - $0.80
🎯 Target 3 - $2.30 (Bull Market Top)
Today’s #BTC scam pump reminds me of what happened in October 2018
👉 Back then the Descending Triangle was very obvious, but suddenly #Tether FUD pumped up the price and quickly faded. Bears got shaken out before the main move 📉
👉 This time we have a Head & Shoulders pattern that's also pretty obvious. And today we got fake #Bitcoin ETF news that pumped the price and shook out some bears.
Let’s see what happens next 😏
$NEAR broke out of the Falling Wedge 👀
There’s a nice Bull Div on the RSI
🎯 Target 1 - $1.6
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$ALGO 1W chart
Just look at this massive Falling Wedge 👀
There's a Bullish Divergence on the RSI as well
I bought some $ALGO on spot here.
🎯 Target 1: $0.14-0.16
🎯 Target 2: $0.23-0.28
Pay attention to $FLOW here 👀
Looks bullish 📈
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$INJ 1W update
Well, $INJ decided to create an even bigger Bearish Divergence 🐻
Still facing my Sell/Take Profit Zone, so don’t get overexcited.
And now it starts to look very similar to $MATIC 2021-2022 Distribution 🧐
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$DOT Macro update
So, $DOT dipped into my Aggressive Buy Zone as expected 🤝
This is definitely a Buy for me.
#BITCOIN MACRO CHART
Phase 1 of the Bull Market (Intro) ended when we lost the Support Trendline in August.
Correction for the next couple of months (transition) before we kick off Phase 2 (Bull Run 📈)
🏁 Bull Market Top: $100-130k
77° -> 59° -> 49° -> 37° -> 27°
2009-2011 Bull Market had a very steep uptrend from bottom to top (77° angle). The following cycle was less steep and so on.
#BTC 2019-2023 'Deja vu' update
It took more time (more chop) but eventually we got that Xi-style pump
Levels are respected 👌