Dentoshi

We had beautiful trends holding in a not so beautiful environment, usually a good sign as long as it lasts.

Those trends are now showing weakness, signalling that we're getting chop at best, downside at worst.

Combined with seasonality – not the best picture for the short term, unless something changes on the macro/geo-political front.

Still some plunge protection 1D EMA's on the downside for $ETH, but this trend looks tired.

$ETH really respecting trends like a king out there

gm,

hard to make predictions — i'm no macro expert and levels don't mean as much during geopolitical turbulence.

some facts though:
- $BTC failed breakout attempt, back at the lows and 4H EMA.
- $ETH back at 1D EMA's & (close to) range lows, failed breakout attempt too
- $TOTAL rejected by bossman trendline, back at the lows
- Tons of alts tried to break above their 4H EMA's, almost all of them are back below, signaling a downtrends / chop environment
- $OTHERS looking messy

As always, things can be saved, if we want that to happen in the short term then the spot would be close to here, i'd say. If we can't, more chop / down, long summa.

I think in the past, war FUD often has been a good buy, thing is that we don't know whether this was 'it' or not.

Probably better off buying some significant LTF strength/reclaims, vs betting on knowing how this is gonna play out in the short term.

current bullish thesis is that i spent way too much money so the coins need to go up

need fuel :)

- leg day
- altcoin market scan
- @krakenfx spaces tonight

Serious battle going on between quarterly range & 1D EMA's for $ETH

Until either side breaks, no clarity and more chop for alts. If we manage to break & stay above 0.25, fireworks incoming imo

if not, well..

$BTC.D underside 4H EMA retest (crossed bearish)
$ETH hanging around 1D 200
$ETHBTC hanging around 1D 100
$OTHERS at 1D 200 & 4H 100
$TOTAL Y/O retest

If market wants to show some balls, here would be the place

$BTC.D EMA's just crossed bearish (first time in 5M)

Alts are retesting their freshly reclaimed EMA's

..and Coinbase AppStore Position is 276

ok ok ok

gm, big rallies happen after significant reclaims.

The first (few) - CLEAN - EMA retests are good buys in strong markets.

Dip & cooldown as anticipated, now these are our retests – best believe i'm buying things, here & lower if we get it.

$BTC is 0.4% away from 100k

Vibes: mid
Onchain: meh
Coinbase AppStore Position: 290

ok ok ok

Happy EMA cross to those who celebrate! Altcoins look good, as long as;

$TOTAL stays above 1D EMA's
$BTC above Y/O
$ETH above 4H EMA's, daily trend

Would also be nice if BTC.D dies here but pretty consistent uptrend so far.

Charts can be saved fwiw;

$BTC Y/O retest, $ETH EMA retest, we just gotta put in the work and do the actual pumping.

i don't have a strong opinion, charts gotta do the talking here – $ES EMA resistance could be an issue though.

First movers & outperformers often show the way for other CEX alts.

Good example is $SUI; first to break out of summer '24 hell range, then break previous ATH's, etc.

IF it can show us we got strength here and this is not just a lower high, good sign.

$ETH & $BTC 4h EMA similarities

we'll know soon if this move is real or nah