Salauddin Sadman
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$SOON bullish breakout 🚀
@soon_svm is a high-performance SVM Rollup designed to realize the super adoption stack.
It has $65M+ in TVL, 3.8M active users, and offers 30K+ TPS.
Recently it broke above its key resistance level and is now consolidating.
If this support zone holds, SOON could rally towards $1.3-$1.5 in Q4.
@soon_svm is a high-performance SVM Rollup designed to realize the super adoption stack.
It has $65M+ in TVL, 3.8M active users, and offers 30K+ TPS.
Recently it broke above its key resistance level and is now consolidating.
If this support zone holds, SOON could rally towards $1.3-$1.5 in Q4.
$BTC
Lovely bounce off $120K low
Let's a do a bit of a recap here:
Pretty clear $120K is respected demand thus far for the market
- Binance Spot CVD ticks up around $120K with buyers interest
- Perps continually quoted bids around $120K with short positioning closing out overall (Perp CVD up & OI down + Price rebound)
Moving forward I think we set a new value area between current low & high ($126K - $120K)
Very much clear supply above $126K, may trade similarly to previous value area.
Lovely bounce off $120K low
Let's a do a bit of a recap here:
Pretty clear $120K is respected demand thus far for the market
- Binance Spot CVD ticks up around $120K with buyers interest
- Perps continually quoted bids around $120K with short positioning closing out overall (Perp CVD up & OI down + Price rebound)
Moving forward I think we set a new value area between current low & high ($126K - $120K)
Very much clear supply above $126K, may trade similarly to previous value area.
$BTC and alts open interest have both surpassed December 2024 highs.
Meanwhile, prices are also at the same level for most alts.
It seems like retail is getting greedy in Q4, and this isn't a good sign.
Meanwhile, prices are also at the same level for most alts.
It seems like retail is getting greedy in Q4, and this isn't a good sign.
$BTC Seen a big amount of Open Interest enter over the past week.
$7B of OI got added which is about +19% of global OI added.
This is not entirely in line with the price which is up +13% during this timeframe.
Safe to assume there's been quite a bit of chasing by longs, especially since the $120K+ break.
It's not completely out of proportions but to get a sustainable run, I'd rather see OI come down slightly first. If it keeps running at this pace we risk putting getting overheated earlier.
Currently spot/ETF bid has been strong which has kept this rally going. But to sustain this in the short term, those also need to keep bidding.
$7B of OI got added which is about +19% of global OI added.
This is not entirely in line with the price which is up +13% during this timeframe.
Safe to assume there's been quite a bit of chasing by longs, especially since the $120K+ break.
It's not completely out of proportions but to get a sustainable run, I'd rather see OI come down slightly first. If it keeps running at this pace we risk putting getting overheated earlier.
Currently spot/ETF bid has been strong which has kept this rally going. But to sustain this in the short term, those also need to keep bidding.
The last 2 bottoms of $BTC happened below the EMA-50 level.
Right now, it's sitting around $100K.
Is this time different?
Right now, it's sitting around $100K.
Is this time different?
#Bitcoin is back at the 8-year-long channel midlevel.
Failed to break back above it many times in the past 2 years.
Not sure if we ever will - but if we do - there's a lot of uncharted territory ahead.
Failed to break back above it many times in the past 2 years.
Not sure if we ever will - but if we do - there's a lot of uncharted territory ahead.
$BTC has 2 decent liquidity clusters right now.
The first one is around the $126,000-$127,000 level, which has nearly $400,000,000 in short liquidations.
The other one is around $116,000-$120,000, which has over $4,000,000,000 in long liquidations.
It would be interesting to see which one gets swept out first.
The first one is around the $126,000-$127,000 level, which has nearly $400,000,000 in short liquidations.
The other one is around $116,000-$120,000, which has over $4,000,000,000 in long liquidations.
It would be interesting to see which one gets swept out first.
$BTC
Beautifully done tbh.
Aggressive selling on that first push below 122s - into U.S cash session.
Shorts then unwinding all the way back up straight into the single prints as per the prev day profile which capped the move up. (passive asks - no one willing to step in and lift)
Expectation: 122 being a key local pivotal level - acceptance below then I'm leaning towards previous day and current day poor lows being traded down into 120s
HTF: 120k - 5 week comp value area high remains key - see previous tweet on timeline somewhere...
Beautifully done tbh.
Aggressive selling on that first push below 122s - into U.S cash session.
Shorts then unwinding all the way back up straight into the single prints as per the prev day profile which capped the move up. (passive asks - no one willing to step in and lift)
Expectation: 122 being a key local pivotal level - acceptance below then I'm leaning towards previous day and current day poor lows being traded down into 120s
HTF: 120k - 5 week comp value area high remains key - see previous tweet on timeline somewhere...
Rare signal: gold and the dollar index are both rising.
Normally, when the dollar rises, gold falls.
Now they rise together.
Investors are buying both as safe assets.
This doesn’t happen often.
It can signal stagflation, high inflation, weak growth, and low confidence.
In short: people want safety.
Normally, when the dollar rises, gold falls.
Now they rise together.
Investors are buying both as safe assets.
This doesn’t happen often.
It can signal stagflation, high inflation, weak growth, and low confidence.
In short: people want safety.
$BTC Wyckoff is still in play.
The ideal scenario will be a pump above $126,000 and then a correction towards $118,000-$120,000.
After that, Bitcoin will continue the next move into the price discovery zone.
The ideal scenario will be a pump above $126,000 and then a correction towards $118,000-$120,000.
After that, Bitcoin will continue the next move into the price discovery zone.
$NDVA
I know this might be an unpopular opin$ion, but I don’t think the current AI investment boom in the U.S. can last.
Analysts warn that by 2030 we’ll need $2 trillion in annual revenue just to power all the computing AI will require.
Even then, the world would still be $800 billion short.
Right now, this huge wave of AI spending is basically keeping the U.S. economy alive.
Without it, we might already be in a recession.
New reports from Deutsche Bank and Bain & Co. show that tech companies are spending at a record pace.
They are building GPU farms, massive data centers, power plants, and high-speed fiber networks.
The problem is that they are creating far more AI capacity than the world currently needs.
It’s like building hundreds of airports in the desert, hoping planes will show up one day.
Deutsche Bank even says that without this spending, the U.S. economy would already be shrinking.
Companies such as OpenAI, SoftBank, Oracle, Google, Amazon, and Microsoft are pouring hundreds of billions into new infrastructure.
$NVDA, the maker of the world’s most in-demand AI chips, is also investing heavily.
It’s funding projects that might not even have a clear use case yet, as long as they promise to need more GPUs.
For the big cloud companies, much of this is future spending brought forward.
The rise of ChatGPT took everyone by surprise and started an industry-wide race to keep up.
Take Microsoft, for example.
It’s investing tens of billions to expand its data centers for OpenAI’s models, even though real demand for AI tools in business is still limited.
The big question is whether this gold rush will ever turn into steady profit.
Even if AI makes companies more efficient, Bain & Co. says the numbers still don’t add up.
By 2030, AI infrastructure could consume so much electricity and hardware that the money made from AI services won’t cover the costs.
So yes, the AI boom might be boosting short-term growth, but the long-term picture looks uncertain.
We might be watching one of the biggest investment bubbles since the early internet days.$BTC $
Analysts warn that by 2030 we’ll need $2 trillion in annual revenue just to power all the computing AI will require.
Even then, the world would still be $800 billion short.
Right now, this huge wave of AI spending is basically keeping the U.S. economy alive.
Without it, we might already be in a recession.
New reports from Deutsche Bank and Bain & Co. show that tech companies are spending at a record pace.
They are building GPU farms, massive data centers, power plants, and high-speed fiber networks.
The problem is that they are creating far more AI capacity than the world currently needs.
It’s like building hundreds of airports in the desert, hoping planes will show up one day.
Deutsche Bank even says that without this spending, the U.S. economy would already be shrinking.
Companies such as OpenAI, SoftBank, Oracle, Google, Amazon, and Microsoft are pouring hundreds of billions into new infrastructure.
$NVDA, the maker of the world’s most in-demand AI chips, is also investing heavily.
It’s funding projects that might not even have a clear use case yet, as long as they promise to need more GPUs.
For the big cloud companies, much of this is future spending brought forward.
The rise of ChatGPT took everyone by surprise and started an industry-wide race to keep up.
Take Microsoft, for example.
It’s investing tens of billions to expand its data centers for OpenAI’s models, even though real demand for AI tools in business is still limited.
The big question is whether this gold rush will ever turn into steady profit.
Even if AI makes companies more efficient, Bain & Co. says the numbers still don’t add up.
By 2030, AI infrastructure could consume so much electricity and hardware that the money made from AI services won’t cover the costs.
So yes, the AI boom might be boosting short-term growth, but the long-term picture looks uncertain.
We might be watching one of the biggest investment bubbles since the early internet days.$BTC $
$ETH has turned the $4K level, which had been a strong resistance for four years, into a key support.
That says a lot about where the price will be headed next.
That says a lot about where the price will be headed next.
$BTC
People don't understand the power of this number! But remember, it should always be used with other confirmations.
People don't understand the power of this number! But remember, it should always be used with other confirmations.
#bitcoin 's new leg higher is underway, starting with a new ATH, and a new highest weekly close.
Next target: $150,000.
Next target: $150,000.
$BTC October & Q4 starting off with a bang.
This was one of the best starting weeks in Q4 which BTC has ever seen.
As you can see, these upcoming weeks are generally pretty good for BTC in terms of seasonality. Good amount of intra-week volatility as well.
But I'll keep repeating that this is no guarantee for the future. Having said that, BTC has been pretty accurately following its averages the past 6 months so I'm keeping a eye on this.
This was one of the best starting weeks in Q4 which BTC has ever seen.
As you can see, these upcoming weeks are generally pretty good for BTC in terms of seasonality. Good amount of intra-week volatility as well.
But I'll keep repeating that this is no guarantee for the future. Having said that, BTC has been pretty accurately following its averages the past 6 months so I'm keeping a eye on this.
$BTC Bull Market Support Band says boing.
Strong move by BTC after retesting the support band on the weekly timeframe. Took just a few weeks of consolidation but did its job and catapulted Bitcoin higher.
Strong move by BTC after retesting the support band on the weekly timeframe. Took just a few weeks of consolidation but did its job and catapulted Bitcoin higher.
$ETH
Quicker than expected...
Question of when the pullback occurs and where does it trade into ...
Been a fab start to Q4 personally - but also being ultra selective on trades having initially caught 3990s to 44s
Will keep this as a running thread on ETH
Quicker than expected...
Question of when the pullback occurs and where does it trade into ...
Been a fab start to Q4 personally - but also being ultra selective on trades having initially caught 3990s to 44s
Will keep this as a running thread on ETH
$DXY fakeout pump could happen here.
Everyone is betting on the DXY dump, which is already down 10% this year.
I think maybe a rally towards 100 before the next leg down is highly likely.
Everyone is betting on the DXY dump, which is already down 10% this year.
I think maybe a rally towards 100 before the next leg down is highly likely.
#BTC☀️
New All Time Highs for Bitcoin into a picture-perfect rejection from this crucial trendline resistance (red)
This is the trendline that Bitcoin needs to break convincingly to enter trend acceleration and prolonged Price Discovery
New All Time Highs for Bitcoin into a picture-perfect rejection from this crucial trendline resistance (red)
This is the trendline that Bitcoin needs to break convincingly to enter trend acceleration and prolonged Price Discovery
$ETH Treasury stocks seem to be bottoming out.
But still a few more green candles are needed for confirmation.
Remember once these stocks recover, it'll bring a lot of buying pressure for Ethereum.
Otherwise, ETH rally will mostly be perp-driven and unsustainable.
But still a few more green candles are needed for confirmation.
Remember once these stocks recover, it'll bring a lot of buying pressure for Ethereum.
Otherwise, ETH rally will mostly be perp-driven and unsustainable.
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