BTC on CME ($BTC1 ticker).
Super nice structure.
1) Price dip and grind below 50m reset the open-interest and attracted a large amount of new short positions. A trap was set.
2) Breaching higher from here confirms past 2 days was a spring: Measured move is to 1.618 fib of $34k and it will get there quick if the move plays out.
3) CME is trading higher than...
It's Alt Season!
*NOT INVESTMENT ADVISE ETC ETC*
Charting today the $L2 token on Uniswap.
$L2 is the governance token which powers Leverj.io DeFi Derivatives exchange and its amazing Gluon.Network Layer 2 solution.
Uniswap link: info.uniswap.org
Technical commentary is in the chart itself.
- Leverj spent 3 years building and testing Layer 2...
BTC is a global, unstoppable force, and there by subject to not just supply/demand but collective human emotion.
Here we have a scenario that identifies the "maximum pain" BTC so loves to perform.
A slower and deeper retrace over the next few weeks - totally destroying the bull-tards who are currently enjoying all the free-money from monkey hammering long...
We tested the $183 area 8 or more times.
Finally broken upwards after several 4h cloud retests.
Cloud about to Kumo Twist, no much between $184 and $212 on VPVR. Likely further consolidation above $200 and then expect ETH to get dragged up or down with BTC's violent move scheduled for end of month.
End of month is CME Rollover of quarterly contracts, the launch...
Looks like we formed a larger pattern here and are still finalizing the last of this play before the next move.
Nice long legged candle on daily hitting support. Stop loss below the long term trend line from bottom couple months ago. Prob only 2-3 days max for directional decision,.
The 12+ month down trend is over.
Higher highs and higher lows + momentum indicators on Monthly timeframes have scrapped the floor of ATL's and are now slowly exiting over-sold territory.
Just like BTC halving and ETH inflation reductions with network upgrades, XEM is only 3 months away from the very large "catapult" upgrade and this is starting to be priced...