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$BTC.D Even with the drop from last week, the Bitcoin Dominance chart still looks insane.
This has been up only for nearly 3 years now as Bitcoin is seeing massive inflows throughout these years. Alts as a whole are having a hard time keeping up with it.
The 71% level has been a previous resistance in multiple years. If price were to re-visit that area that would definitely be a good level to watch.
The trend is your friend.
This has been up only for nearly 3 years now as Bitcoin is seeing massive inflows throughout these years. Alts as a whole are having a hard time keeping up with it.
The 71% level has been a previous resistance in multiple years. If price were to re-visit that area that would definitely be a good level to watch.
The trend is your friend.
The second quarter is halfway done and both $BTC & $ETH have seen high returns so far.
This is while the quarter started off awful after liberation day with BTC being down ~10% and ETH ~25%.
Shows you just how quickly this market can turn around and why you should never get too fixated on a single week or month of performance.
This is while the quarter started off awful after liberation day with BTC being down ~10% and ETH ~25%.
Shows you just how quickly this market can turn around and why you should never get too fixated on a single week or month of performance.
$BTC Weekend time. Price action was already pretty slow prior to the weekend so I suspect we won't see that much action from Bitcoin for now.
We do have quite a tight range between roughly $101K-$105K so keep an eye out for a breakout from that range next week.
We do have quite a tight range between roughly $101K-$105K so keep an eye out for a breakout from that range next week.
$BTC My view on things.
Price saw a sharp move post Tariff drama, outperforming stocks in doing so. Since some of the trade uncertainty got cleared up, stocks kept going while BTC stalled.
The big ATH level sits right above. If price were to go back into price discovery then that could be the momentum it needs.
Until then, we're range bound and stuck in a small consolidation.
$90K remains my long term line in the sand for spot exposure. I will consider cutting bags if price were to drop below that level as that'd mean we lose the range again which has not happened prior this cycle.
So cautiously bullish as long as we trade above $90K. But I did like the risk/reward more last month when BTC was showing relative strength and was trading 20-30% lower. Now we're seeing relative weakness the past few days as price is trading near resistance.
I would not be surprised to see a short term flush if stocks were to roll over and make a higher low somewhere. Considering most stocks moved 30-50% in a single month, this wouldn't be that crazy either.
Price saw a sharp move post Tariff drama, outperforming stocks in doing so. Since some of the trade uncertainty got cleared up, stocks kept going while BTC stalled.
The big ATH level sits right above. If price were to go back into price discovery then that could be the momentum it needs.
Until then, we're range bound and stuck in a small consolidation.
$90K remains my long term line in the sand for spot exposure. I will consider cutting bags if price were to drop below that level as that'd mean we lose the range again which has not happened prior this cycle.
So cautiously bullish as long as we trade above $90K. But I did like the risk/reward more last month when BTC was showing relative strength and was trading 20-30% lower. Now we're seeing relative weakness the past few days as price is trading near resistance.
I would not be surprised to see a short term flush if stocks were to roll over and make a higher low somewhere. Considering most stocks moved 30-50% in a single month, this wouldn't be that crazy either.
$BTC Liquidation Map showing a large cluster at $105K-$106K and a ton sitting between $99K-$103K.
This makes sense as these are the highs/lows of the current tiny range we're consolidating in for the past week or so.
Lately, we've seen a lot of similar consolidations and we rarely see a sweep and reversal due to the high compression that keeps building up.
Due to the amount of positions that build up there's often enough fuel to keep the move going once it does break out.
So watch for these liquidity clusters and a breakout from our current ~$101K-$105K range.
This makes sense as these are the highs/lows of the current tiny range we're consolidating in for the past week or so.
Lately, we've seen a lot of similar consolidations and we rarely see a sweep and reversal due to the high compression that keeps building up.
Due to the amount of positions that build up there's often enough fuel to keep the move going once it does break out.
So watch for these liquidity clusters and a breakout from our current ~$101K-$105K range.
$BTC Has been doing roughly the same thing since the April lows.
Move up, tight consolidation, new leg up.
Keep an eye on this local range and wait for a breakout to either direction would be my recommendation.
Pre-positioning during the small range without proper invalidation will only get you chopped up.
There is no harm in acting on the price action instead of trying to predict it in advance.
Move up, tight consolidation, new leg up.
Keep an eye on this local range and wait for a breakout to either direction would be my recommendation.
Pre-positioning during the small range without proper invalidation will only get you chopped up.
There is no harm in acting on the price action instead of trying to predict it in advance.
$BTC Is pretty far away from any large liquidity clusters.
Price didn't trade for a long time up here just yet so after the initial squeeze of shorts there's not that many new positions built up around this area.
The main level to look out for would be local highs above $106K and below all the way down to $93K which was the start of the recent move.
Price didn't trade for a long time up here just yet so after the initial squeeze of shorts there's not that many new positions built up around this area.
The main level to look out for would be local highs above $106K and below all the way down to $93K which was the start of the recent move.
$ETH $5B+ Open Interest ramped up in the span of a week.
Partially explained by the price increasing but there's also been a lot of chasing the past few days with minimal price movement.
Spot ETF Net flows have been pretty much flat during this time so I still think most of this move was short squeeze driven. As was the case for many "dead" alts.
Looking for a $2B+ open interest wipe to make things interesting again. The quicker it goes the better it would be for a reset. You don't want to get a slow dribble back down to some support level because that generally ends in more pain afterwards.
I still hold some long term spot ETH but have shaven some profits of from the buys I did in the past couple of months.
Partially explained by the price increasing but there's also been a lot of chasing the past few days with minimal price movement.
Spot ETF Net flows have been pretty much flat during this time so I still think most of this move was short squeeze driven. As was the case for many "dead" alts.
Looking for a $2B+ open interest wipe to make things interesting again. The quicker it goes the better it would be for a reset. You don't want to get a slow dribble back down to some support level because that generally ends in more pain afterwards.
I still hold some long term spot ETH but have shaven some profits of from the buys I did in the past couple of months.
$ETH $2.4K level will be pretty key. I think it makes sense to test that local support level. I don't have any interest in longs until some of these billions in Open Interest have been wiped out.
Will reassess depending on how price reacts around that region. A sweep and back up likely leads to a local range being formed between $2.4K-$2.7K.
If price loses that area then the $2.1K big horizontal makes a lot of sense. You wouldn't want to see price slowly bleed down into that area as that is a recipe for disaster. A quick flush into that zone would be perfect for dip buys but it might be short lived if we get it at all.
Keep in mind, the drop might look pretty big but it would still be up 20% from the week prior so relatively speaking it's not all that strange.
Larger range still $2.1K-$2.8K which we're now stuck in for a while I think.
Will reassess depending on how price reacts around that region. A sweep and back up likely leads to a local range being formed between $2.4K-$2.7K.
If price loses that area then the $2.1K big horizontal makes a lot of sense. You wouldn't want to see price slowly bleed down into that area as that is a recipe for disaster. A quick flush into that zone would be perfect for dip buys but it might be short lived if we get it at all.
Keep in mind, the drop might look pretty big but it would still be up 20% from the week prior so relatively speaking it's not all that strange.
Larger range still $2.1K-$2.8K which we're now stuck in for a while I think.
$ETH $2.4K level will be pretty key. I think it makes sense to test that local support level. I don't have any interest in longs until some of these billions in Open Interest have been wiped out.
Will reassess depending on how price reacts around that region. A sweep and back up likely leads to a local range being formed between $2.4K-$2.7K.
If price loses that area then the $2.1K big horizontal makes a lot of sense. You wouldn't want to see price slowly bleed down into that area as that is a recipe for disaster. A quick flush into that zone would be perfect for dip buys but it might be short lived if we get it at all.
Keep in mind, the drop might be pretty big relatively speaking but it would still be up 20% from the week prior so relatively speaking it's not all that strange.
Larger range still $2.1K-$2.8K which we're now stuck in for a while I think.
Will reassess depending on how price reacts around that region. A sweep and back up likely leads to a local range being formed between $2.4K-$2.7K.
If price loses that area then the $2.1K big horizontal makes a lot of sense. You wouldn't want to see price slowly bleed down into that area as that is a recipe for disaster. A quick flush into that zone would be perfect for dip buys but it might be short lived if we get it at all.
Keep in mind, the drop might be pretty big relatively speaking but it would still be up 20% from the week prior so relatively speaking it's not all that strange.
Larger range still $2.1K-$2.8K which we're now stuck in for a while I think.
Market cooling off after a big few weeks.
This is where the real test starts as many moves were fueled by short squeezes. Now we'll see where the demand from spot comes in.
Some coins with HTF support area's I'm watching.
$CHEX $SQD $W $MNT
This is where the real test starts as many moves were fueled by short squeezes. Now we'll see where the demand from spot comes in.
Some coins with HTF support area's I'm watching.
$CHEX $SQD $W $MNT
Overall funding rates still fine but starting to go up slightly.
But as you can see this does not have to be an issue right away. Last time the market was somewhat overheated, it remained that way for several weeks.
The same can be said when the market is in a slump and funding rates are negative for prolonged periods of time.
But as you can see this does not have to be an issue right away. Last time the market was somewhat overheated, it remained that way for several weeks.
The same can be said when the market is in a slump and funding rates are negative for prolonged periods of time.
$ETH Pretty insane move again today.
Up only as shorts keep getting squeezed and people don't get a dip for an entry if they want to allocate.
Be careful for increased volatility because these things usually end in a quick way.
Up only as shorts keep getting squeezed and people don't get a dip for an entry if they want to allocate.
Be careful for increased volatility because these things usually end in a quick way.
$BTC.D With a sharp rejection after the recent $ETH/BTC rally.
Currently in the middle of this range. If BTC Dominance were to grind back to the highs then I think it's safe to say this was just a big squeeze on ETH/BTC and alts and BTC takes the spotlight back for a while.
If ALT/BTC pairs can find the strength we could see this move to the range low at ~60% which would still be a nice move.
At this point I do think the market is waiting out BTC's next move first and then go from there.
Not really a place where I'd want to bet on a side in the short term in terms of ALT/BTC performance.
Currently in the middle of this range. If BTC Dominance were to grind back to the highs then I think it's safe to say this was just a big squeeze on ETH/BTC and alts and BTC takes the spotlight back for a while.
If ALT/BTC pairs can find the strength we could see this move to the range low at ~60% which would still be a nice move.
At this point I do think the market is waiting out BTC's next move first and then go from there.
Not really a place where I'd want to bet on a side in the short term in terms of ALT/BTC performance.
$ETH If you're sidelined and want to get in, you generally want to do it when you get some kind of flush and higher low.
For this I generally like to use simple Fibonacci retracements and horizontal levels.
Currently ETH is at an important level. If it loses this area we might visit one of those green boxes below. In that case you can simply wait for a consolidation to be formed at those levels and don't knife catch either.
Alternatively, if price keeps going up, maybe the currently level will become a nice retest of the horizontal. But at that point at least you have some of the high leverage flushed out as you're coming from higher prices.
Optimize your risk/reward.
For this I generally like to use simple Fibonacci retracements and horizontal levels.
Currently ETH is at an important level. If it loses this area we might visit one of those green boxes below. In that case you can simply wait for a consolidation to be formed at those levels and don't knife catch either.
Alternatively, if price keeps going up, maybe the currently level will become a nice retest of the horizontal. But at that point at least you have some of the high leverage flushed out as you're coming from higher prices.
Optimize your risk/reward.
$BTC Opened up with a small gap. Nothing special there and these have generally been getting closed within 1-3 days over the past few weeks.
$ETH on the other hand, opened up with a massive gap below. We've not really seen this often and up to this point I've never found a lot of value in tracking the ETH gaps, as BTC is generally leading for the market's direction.
Still might be interesting to keep track of if price were to trade into it at some point. Could make for a decent local reversal zone.
Just putting that out there.
$ETH on the other hand, opened up with a massive gap below. We've not really seen this often and up to this point I've never found a lot of value in tracking the ETH gaps, as BTC is generally leading for the market's direction.
Still might be interesting to keep track of if price were to trade into it at some point. Could make for a decent local reversal zone.
Just putting that out there.
$DOLO Has held up well during the airdrop selling which was a sizeable chunk of the supply.
Looking for this to eventually get back to its range high.
I hold a small bag of this long term.
Looking for this to eventually get back to its range high.
I hold a small bag of this long term.
There we go, we got what the market was looking for. The 90 day timeframe is interesting here and sets us up for more headlines over the next few months. These could obviously be good or bad.
Also explains why Trump said to buy stocks before the weekend.
Stocks up big, $BTC & $ETH not a giant move but they did move during the weekend.
Going to be an interesting week.
Also explains why Trump said to buy stocks before the weekend.
Stocks up big, $BTC & $ETH not a giant move but they did move during the weekend.
Going to be an interesting week.
$BTC Has outperformed stocks since "Liberation" / Tariff Day on the 2nd of April.
It held up incredibly strong during a sharp sell off on stocks in April.
It then also proceeded to outperform as the markets bounced and tariffs were implemented.
Back then people were wondering if a reason for the relative strength could have been the narrative that countries could potentially be using $BTC to bypass tariffs.
With a potential US & China Trade "Deal" teased/announced today we could be seeing the answer to this question.
Theoretically speaking, if the trade uncertainty was what was making BTC outperform, it should stop outperforming after we hit the most important deal which includes China.
If BTC keeps doing its thing and just keeps outperforming it's safe to assume that tariffs likely have little direct impact on how BTC is treated/used.
It held up incredibly strong during a sharp sell off on stocks in April.
It then also proceeded to outperform as the markets bounced and tariffs were implemented.
Back then people were wondering if a reason for the relative strength could have been the narrative that countries could potentially be using $BTC to bypass tariffs.
With a potential US & China Trade "Deal" teased/announced today we could be seeing the answer to this question.
Theoretically speaking, if the trade uncertainty was what was making BTC outperform, it should stop outperforming after we hit the most important deal which includes China.
If BTC keeps doing its thing and just keeps outperforming it's safe to assume that tariffs likely have little direct impact on how BTC is treated/used.
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