For the past 2 days, BTC has been trying hard to break the upper trendline coming down from 64K. With the initial hype and buzz around EIP-1559 gradually receding, crypto markets are looking increasingly weak. A correction appears imminent.
ETH rose 12% in the first 2 hours of the introduction of the EIP-1559 protocol. To put this into perspective, even with...
With the momentum of the short squeeze behind us, and AMZN hopium all but gone, a dip is imminent. Albeit, the beginning of bullish reversal has begun, a correction is necessary in order to make sure BTC follows established market patterns towards its return to earlier levels. The supply shock has more or less been overcome as well. All the mentioned indicators...
The past few days have been great for the crypto market overall. BTC is up more than 10% since the visit to 29k and that too without any short-term dip or revisits, which is the exact kind of event that makes me wonder whether this pump is justified or not. The bulk of the buying was due to the buzz around the recent "The ₿ Word", which did not yield any...
SUSHI is currently forming a rising wedge that is, fundamentally, bearish in nature. Coupled with the fact that BTC's recent rapid recovery was more or less fuelled by "The ₿ Word" conference with high expectations (which were not met), SUSHI is looking bearish, at least in the short term. One might consider shorting it at the current level (I already have) and...
LTC Long Call Analysis
As is visible from the chart, the current movement is respecting the grey pitchfork medians rather too well. All the recent movement, except for the short terms dips below $130, has occurred in the resistance band between $130 and $133.9. If the price breaks below the pitchfork median on the H1 TF, a drop to $130-31 is certain.
From a...
