Major Reason for low liquidity and fall in legit ALTS is memes.
Retailers came and lost money in dogs, cats and Etc
First it was ETH memes then base and then SOL (major reason) Memes
@cryptosignals
#LINK Buy Setup
Entry 1 - 13.93 (30%) CMP
Entry 2 - 12.88 (30%)
Entry 3 - 11.85 (40%)
Targets - 15.2 - 16.6 - 17.85 - 19 - 20
Sl - 11.688
@cryptosignals
Mt. Gox to distribute $9 billion of bitcoin, bitcoin cash repayments from beginning of July
@cryptosignals
#ONDO
ONDO refill Zone Is ranging between 1$ - 0.8$, i think if market dips from here then we may see ONDO visiting the levels Mentioned.
Its very strong as Whole Alts dips 60 - 40% from the Local Tops but ONDO Stands tall
@cryptosignals
#ETH
ETH Slowly getting there i.e slowly getting closer to Alts buy level
@cryptosignals
#TOTAL vs USDT Dominance
Total retracing and approaching crucial Support 2.15 - 2.03 Trillion while USDT.D approaching the May High as resistance.
so if USDT.d gets rejected then total cap will be able to hold the Support and continue the uptrend Or Viceversa.
@cryptosignals
#BTC following the path and it seems like Range Low is coming.
Reminder - we won't Load dips blindly but we buy strength after the dip.
@cryptosignals
#ARB
If it unable to hold the 2023 low then No idea how low this shit can go
@cryptosignals
#BTC detailed View
BTC Lost the Middle of Range 67k as Support & Now Approaching the Range Low around 60k slowly.
As Long as Range Holds its tough to say whether BTC make a ATH First or a Low as it all depends on where the Daily range Resolves.
If Range Resolves lower then it can easily test the May Low (56.5k) and grab the sell side liquidity with wicks or consolidation around Institutional reference Point (52k)
But If BTC reclaims middle of Range as Support (67K) then we can expect BTC to hunt the Stops above 70k and make an attempt to target the Liquidity pool above 72k. To make a new ATH BTC has to reclaim and Hold Previous ATH 69.5k as support.
trading Tip - BTC is no trade zone, Just look to buy the strength at range lows or after reclaim of middle of Range.
@cryptosignals
#ETH
As Expected ETH started filling unmitigated FVG but it has strong Potential to visit Weekly OB 3137 -2934 before reversal (Visit to OB may be the last dip opportunity)
if u are yet to accumulate ALTS then the upcoming ETH Dip can Prove to be amazing buying opportunity
@cryptosignals
Still Same Targets for #BTC
64.6k - 63.1k is the first point of interest for longs
@cryptosignals
Looking at Price action it seems that Today is a scam pump and dump day followed by big drop tomorrow.
So i will exit my recent open positions before daily close
@cryptosignals
#WOO Buy Setup
Entry 1 - 0.217 (30%) CMP
Entry 2 - 0.202 (30%)
Entry 3 - 0.189 (40%)
Targets - 0.239 - 0.256 - 0.289 - 0.34 - 0.395
Sl - 0.1835
@cryptosignals
#BTC
BTC tested YTD AVWAP again after losing range low just like May and reclaimed range just like it did in May.
The difference Between May and june Move is RSI as it was neutral when BTC deviated below Range low however this time RSI entered the oversold area when BTc again dropped below range low.
imo Market is very close to bottom and it should bounce after few days consolidation, Worst case is wick towards IRP 52k
@cryptosignals
#BTC approaching ETF low AVWAP from where it Bounced in May after testing it as Support
@cryptosignals
JUST IN: Mt. Gox Announces Bitcoin and Bitcoin Cash Repayments to Begin in Early July 2024.
https://cryptocrunchapp.com/cryptocrunchnews/just-in-mt-gox-announces-bitcoin-and-bitcoin-cash-repayments-to-begin-in-early-july-2024/
@cryptosignals
i am bullish for Long term and expect BTC to go to 150k -200k levels in 2025 but in the Short term Market wants more blood imo.
@cryptosignals
#LINK
losing 12$ as Support can troubles for Link as the next Potential support comes around (9$)
@cryptosignals
#WOO
Woo in downtrend looking to test and find support in the blue box area
@cryptosignals
#TRU
#TRU lost Q2 open as Support and looks like it can continue lower towards the blue box and consolidate there before reversal.
i am not sure about this but worst case scenario is wicks towards yearly open in Extreme market conditions
@cryptosignals
BTC did rally towards 66.5k as expected relief rally but now dumping too as expected too in HTF analysis
@cryptosignals
BTC tagged 64.6k as expected, now need to carefully observe the PA bcoz we might another leg down towards the bottom of OB around 61k.
Reclaim 67k as support will invalidate the dip scenario
@cryptosignals
Coinbase - USD Market
#BTC - Unusual selling activity
52M USD in 12 minutes (10%)
P: 65,818 🔴 (0.72%)
24H Vol: 571M USD
Last alert: 2 days ago (2/7D)
@cryptosignals