CRYPTO MECHANIC
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Trading Crypto Since 2016 | X: @cryptomechanicX
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US CPI (Inflation) data is due today. Bitcoin faking-out last highs.
You can expect some volatility during newyork session.
Bulls needs to leave this $72k zone.
You can expect some volatility during newyork session.
Bulls needs to leave this $72k zone.
$TAO chart was already showing weakness before the news even hit.
CRYPTO MECHANIC
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$TAO
Those wicks on the Daily chart are showing the signs of weakness.
$290-300 is important zone for bulls to hold.
If price drops under it, I wouldn't be surprised if this rotates lower again.
Those wicks on the Daily chart are showing the signs of weakness.
$290-300 is important zone for bulls to hold.
If price drops under it, I wouldn't be surprised if this rotates lower again.
$TAO Dropped almost 20% and here is why
Covenant AI, owner of SN3, SN81 & SN39 has announced they're leaving Bittensor
Sam Dare didn't just leave, he called the whole thing "decentralization theatre" and accused the founder of running a one-man show dressed up as a protocol.
• Suspending their emissions.
• Stripping moderation rights.
• Deprecating their infrastructure.
• Timing token dumps as pressure.
Covenant AI, owner of SN3, SN81 & SN39 has announced they're leaving Bittensor
Sam Dare didn't just leave, he called the whole thing "decentralization theatre" and accused the founder of running a one-man show dressed up as a protocol.
• Suspending their emissions.
• Stripping moderation rights.
• Deprecating their infrastructure.
• Timing token dumps as pressure.
Bitcoin absorbed some of the worst war headlines within this price action, that's actually pretty impressive.
Israel violated the ceasefire
Ceasefires are a joke, No one respects them.
I remember the same happened during Ukraine and Russia conflict.
Ceasefires are a joke, No one respects them.
I remember the same happened during Ukraine and Russia conflict.
They put everyone in a position that the World is about to end, Trump is going to do some crazy stuff but what happened? NOTHING
CRYPTO MECHANIC
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Nothing will happen, you all know that.
I share most of the lower timeframe updates in the group chat.
Shared $BTC $65k zone and then $67k-68k zone, both played out pretty well.
You can join here 👉 Cm Circle 👈 it's free
Shared $BTC $65k zone and then $67k-68k zone, both played out pretty well.
You can join here 👉 Cm Circle 👈 it's free
$TAO
Those wicks on the Daily chart are showing the signs of weakness.
$290-300 is important zone for bulls to hold.
If price drops under it, I wouldn't be surprised if this rotates lower again.
Those wicks on the Daily chart are showing the signs of weakness.
$290-300 is important zone for bulls to hold.
If price drops under it, I wouldn't be surprised if this rotates lower again.
$BTC Weekly update
Nothing much to say on the weekly chart, $65k was held nicely by the Bulls. Technically still range bounded, no directional breakout.
Nothing much to say on the weekly chart, $65k was held nicely by the Bulls. Technically still range bounded, no directional breakout.
CRYPTO MECHANIC
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$BTC Update
The weekly chart is still in the same chop. We had a fake-out above the $72k zone, and the last weekly candle got rejected from that same area.
$65k is a key level to watch this week. If you notice, we don’t have a single weekly close below $65k.
Hold below $65k - we likely move toward the low $60k range.
The weekly chart is still in the same chop. We had a fake-out above the $72k zone, and the last weekly candle got rejected from that same area.
$65k is a key level to watch this week. If you notice, we don’t have a single weekly close below $65k.
Hold below $65k - we likely move toward the low $60k range.
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