Just your regular reminder that there is no meaningful high time frame resistance between the current price and the all time high. In the past, Ethereum has always lagged and made a high when Bitcoin stabilizes. This time does not need to be the same - but it does appear likely.
Bitcoin is in price discovery. Read that again, because it seemed like a distant dream a few months ago. Bitcoin has broke it's all time high and is pushing higher, attempting to finally flip the previous all time high of $69,000 to support. Sustained BTC ETF inflows are fueling this move - for the first time was know EXACTLY why price is rising, and there's...
The Dalai Lama pattern. You may think it’s a meme because it sounds like one but it has been a recurring pattern in the crypto-market. Price drops, shakes out many, instills fear and then proceeds to recover fully. Take a quick look at the 4-hour chart. We have a v shaped bottom with a Dalai Lama. Bullish.
Solana is pushing through the last key area of resistance (not through yet) before the all time high.
I know, I am like a broken record. But looking at the ETH weekly chart, there is effectively no resistance between here and the all time high. Take it as you will.
We discussed the bearish divergence on Bitcoin with overbought RSI - now we have hidden bullish divergence, which effectively "cancels" the bear div. Bitcoin continues to hang in there below the all time high, showing strength. Now we just wait until the next big move and hope that alts make their own moves while we consolidate.
Don't use leverage, kids. Yesterday's candle saw a top near $69,300, breaking the previous all time high... then a drop to $59,300, liquidating SEED_TVCODER77_ETHBTCDATA:1B in leveraged positions. We have $10,000 candles. In a day. And price has bounced back to where it was yesterday at this time. Be careful out there, remain in your spot positions, don't...
I am not particularly worried here, but always feel compelled to be balanced and she you what I see on the chart. As you can see, we have potential bearish divergence with overbought on the daily chart, which is confirmed on the 6-hour and below. This could simply mean we are cooling off, and fundamentals are driving the market. Either way, this is always worth...
Bitcoin came within a hair’s breadth of a fresh all time high something that unthinkable a few months (weeks?) ago. Absolutely astounding price action. When you zoom out to the monthly chart, it looks even more insane, like a v shaped correction. There will be bumps in the road, it could take a while to hit a new all time high or it could happen today. I have...
Interesting, right? Once again, Ethereum made a quick move to the upside when Bitcoin started to correct. While Bitcoin dropped from almost $69,000 down to $65,000, Ethereum used the opportunity to catch up and continue. To me, this means the market is just waiting for any excuse to pour liquidity into altcoins. I continue to be a huge ETH bull and think it...
$52,100. It's the easy. That is the key resistance at the moment, with price struggling to get above. There are wicks on both weekly candles clearing this level, but an inability to close there. Otherwise, boring.
Bitcoin is currently working on printing bearish divergence with overbought RSI on the daily chart, which is obviously not ideal. The day is not over, so we do not have confirmation, which would come in the form of a clear elbow down on both RSI and price. Right now it does not look great, but I assume this would just be a healthy retrace and then we would head back up.
Matic remains one of my largest positions, which I have traded around for the past few years. It may be time to add to the holdings once again. This is a WEEKLY chart, so we want to see a close above the descending resistance. A few weeks ago we saw two wicks through this line, which we want to avoid here. As you can see, price has also cleared both the 50 MA...
Bitcoin continues to push to the upside, powered by massive inflows into the spot ETFs. It’s beautiful to see the fundamentals that were expected playing out in real time. You may remember the little blue circle on RSI from a few months ago. As I pointed out then, when RSI gets overbought on the weekly chart, that is a massively bullish signal - not the time to...
Hard to fade this move, but there’s significant bearish divergence with overbought RSI on multiple time frames. 4-hour shown. Reasonable time for a breather?
Target of the bull pennant hit. Incredible move, zero suspense. Still looking strong.
Bitcoin has finally broken through 50K, making a new high for this cycle and breaking through a key resistance. This is clearly on the back of ETF spot buying, which is very encouraging. That said, there will ALWAYS be retracements and breathers. I am not sure how high this will go, I would never short or fade this move... but I will be watching for dips to buy...
UNKJD (I have owned this since it was MBS last cycle and added more) is breaking through descending resistance.