I guess new alt season is due after touching 50%. Don't forget to pick up your horses.
I think BTC still has to touch monthly open before breaking the range high. otherwise I would like to take an entry above 40.5K after a breakout on daily basis. I am not shorting while funding still prefer bulls.
Despite ETHBTC formed a nice HL on daily which gave alts some air, if the daily closed at these level a reversal could be on the table. If it does, next level to be tested is last daily Low, closing below will send it back to test the below trendline. Still early to confirm.
ETHBTC break the TL, if it reclaim 0.0618 the next target will be monthly open.
You look so good I forgot how bad your personality is. Break 33.3K and we can talk.
R:R is good here. Profit from Super to bake. Please bake good stuff.
I am here neither bullish or bearish. One thing to be in the mind BTC never close weekly candle below 34.7K during the range.
ETHBTC could have small relief after deviation between 0.062 - 0.0615 SAT.
TVK could come back to 435-420 SAT area if the breakout is failed.
BTC is facing a lot of selling pressure betwen 33.8K to 34K, Last daily candle is promising an uptrend. MS in LTF is bullish. Clearing the mentioned area with volume should sent the corn to above 35K.
$super is forming nice bullish market structure and since the NFT mania in the air, this should be gearing up to 1400 sat then to daily 200 ema.
Maybe the most bullish weekly engulfing candle (closed above last open price candle). Breaking 135 days of downside, I don't think this move will end up here. Closing daily above 2250 should attract more traders for this play.
Quick comparison on what major DEFI is did last run is shown link is extremely lagging behind other DEFIs. Just matter of time for LINK to catch up some uptrend.
ETHBTC showed some weakness against BTC, if the tradeline is broken and we put a lower low on last low, that will be the death of alts/btc regardless of BTC direction.
Since price was rejected from last daily HH, last daily LH (33.5K) could be the support. BTC didn't make new HH in daily basis, and if the daily candle close below 33.5K market structure will be confirmed its bearish look. I think H&S will be printed in daily timeframe and the next low will be the daily low 31.5K.
As BTC is reaching important level 34.7K there are two possible scenarios on the table: Yellow - we have to close 4H candle above 34.7K, retest and that will lead to 37.7K Orange - Reject from 34.7K and dump to mid 31K forming complex inverse H&Ss and come back to 34.7K.
Finally BTC decided to breakout the falling channel. Now all the eyes on closing above 33.9K to confirm the uptrend and form double bottom. Target is 37-38K