kitsak2010
Open Trade
TLM Holder
Frequent Trader
6.9 Years
Cryptocurrency market news, financial reviews, rates and statistics, everything about cryptocurrencies and blockchain.
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Candlestick charting is the most in-demand in trading. Japanese candles will indicate to the trader when to enter or close a trade.
Sometimes they are even more effective than technical analysis tools.
In financial markets, three types of charts are distinguished — line, bar, and candlestick.
-Line charts are not used by traders due to lack of information.
-Bar charts are inconvenient, especially on short timeframes.
-Japanese candles remain the most popular and in-demand type of graphical representation of price movement data.
#TradeStories Bitcoin dominance slips in three-day feedback loop, raising odds of short-term altcoin rotation
As of Saturday, May 10, BTC dominance (BTC.D) had fallen to 60.2% from its high of 62.1% just three days prior.
BTC.D measures the market capitalization of Bitcoin, using the current Bitcoin price, relative to the total market capitalization of all crypto assets. The steep decline in BTC.D from 62.1 % to 60.2 % between May 7 and May 10 lined up perfectly with the three‑day window of notable price spikes and outsized, altcoin‑heavy liquidations mentioned earlier in the newsletter.
Historically, a pullback of this size in BTC.D over such a short window has often preceded brief "alt‑season" windows, as traders rotate into higher‑beta assets.
As of Saturday, May 10, BTC dominance (BTC.D) had fallen to 60.2% from its high of 62.1% just three days prior.
BTC.D measures the market capitalization of Bitcoin, using the current Bitcoin price, relative to the total market capitalization of all crypto assets. The steep decline in BTC.D from 62.1 % to 60.2 % between May 7 and May 10 lined up perfectly with the three‑day window of notable price spikes and outsized, altcoin‑heavy liquidations mentioned earlier in the newsletter.
Historically, a pullback of this size in BTC.D over such a short window has often preceded brief "alt‑season" windows, as traders rotate into higher‑beta assets.
Will $BTC gain 10% by next week?
$BTC has shown a steady consolidation and expansion trend since forming a bottom around $74,500 in early April. Over the past four weeks, a pattern has emerged where each time Bitcoin hits a key level, it moves sideways before breaking out to a higher range. This pattern has repeated twice, with a third consolidation currently underway.
Each phase has followed a similar setup, forming higher upper and lower ranges. The bottom range is typically tested at least once before Bitcoin pushes to new highs. The relative strength index (RSI) has complemented this price action, reaching overbought levels during new highs and dropping to around 50 during sideways movement.
Currently, Bitcoin is consolidating between an upper range of $105,700 and a lower range of $100,678. If the pattern holds, Bitcoin might retest the $100,000-$102,000 level before potentially breaking above $110,000. However, a bearish invalidation could occur if prices fall below $102,000 and fail to recover swiftly.
$BTC has shown a steady consolidation and expansion trend since forming a bottom around $74,500 in early April. Over the past four weeks, a pattern has emerged where each time Bitcoin hits a key level, it moves sideways before breaking out to a higher range. This pattern has repeated twice, with a third consolidation currently underway.
Each phase has followed a similar setup, forming higher upper and lower ranges. The bottom range is typically tested at least once before Bitcoin pushes to new highs. The relative strength index (RSI) has complemented this price action, reaching overbought levels during new highs and dropping to around 50 during sideways movement.
Currently, Bitcoin is consolidating between an upper range of $105,700 and a lower range of $100,678. If the pattern holds, Bitcoin might retest the $100,000-$102,000 level before potentially breaking above $110,000. However, a bearish invalidation could occur if prices fall below $102,000 and fail to recover swiftly.
#TradeStories TOMI announced on May 14 that this will soon go live.
Imagine sending crypto like a message.No addresses. No switching apps.Just chat, send, done.Now add a built-in wallet and creator monetization.
Stop imagining.#TOMI is launching soon. pic.twitter.com/VrcdsAjnZK
— TOMI (@tomipioneers) May 14, 2025
Access is set to go live not long after the project unveiled its first artificial intelligence-powered assistant in March 2025. The TOMI app also features wallet integration and creator monetization.
Encrypted private chats, a privacy-focused decentralized browser and mini apps is part of the project’s roadmap.
Despite recent gains, TOMI crypto remains 99% down since its all-time high of $7.13 reached in June 2023. The token, co-founded by Moshe Hogeg, crashed to a low of $0.001187 on May 7, 2025. Israeli police accused Hogeg of involvement in a $290 million crypto scam.
Imagine sending crypto like a message.No addresses. No switching apps.Just chat, send, done.Now add a built-in wallet and creator monetization.
Stop imagining.#TOMI is launching soon. pic.twitter.com/VrcdsAjnZK
— TOMI (@tomipioneers) May 14, 2025
Access is set to go live not long after the project unveiled its first artificial intelligence-powered assistant in March 2025. The TOMI app also features wallet integration and creator monetization.
Encrypted private chats, a privacy-focused decentralized browser and mini apps is part of the project’s roadmap.
Despite recent gains, TOMI crypto remains 99% down since its all-time high of $7.13 reached in June 2023. The token, co-founded by Moshe Hogeg, crashed to a low of $0.001187 on May 7, 2025. Israeli police accused Hogeg of involvement in a $290 million crypto scam.
#StrategyTrade The daily chart shows that $TRX has rebounded from key support at $0.2165 to a high of $0.2800 this week. It flipped the crucial resistance level at $0.2584, a level it had struggled to break above several times since January.
Tron has formed an ascending channel and is now a few points below its upper boundary. It has also moved above the 50-day Exponential Moving Average. Meanwhile, the Awesome Oscillator has remained above the zero line since March, while the Relative Strength Index has climbed above the overbought threshold.
Therefore, a move above the upper side of the channel at $0.2800 will point to more gains, potentially to the 2024 high of $0.4467, up by 64% from the current level.
Tron has formed an ascending channel and is now a few points below its upper boundary. It has also moved above the 50-day Exponential Moving Average. Meanwhile, the Awesome Oscillator has remained above the zero line since March, while the Relative Strength Index has climbed above the overbought threshold.
Therefore, a move above the upper side of the channel at $0.2800 will point to more gains, potentially to the 2024 high of $0.4467, up by 64% from the current level.
$DOGE remains in a bullish consolidation, ready for a 50% breakout rally. Rising open interest and potential liquidation of $67 million short positions add credence to this optimistic outlook that forecasts a $0.368 target.
$DOGE is currently trading at $0.2316, forming a bullish pennant. The key resistance is near $0.25, and a breakout above it could propel DOGE toward $0.36.
Open Interest has increased by $280M, reaching $3.03B—signaling rising trader activity and bullish sentiment, with potential short liquidations worth over $62M.
If Dogecoin breaks below $0.2185 support, the bull pennant will be invalidated, possibly leading to a drop toward the S1 support at $0.17757.
$DOGE is currently trading at $0.2316, forming a bullish pennant. The key resistance is near $0.25, and a breakout above it could propel DOGE toward $0.36.
Open Interest has increased by $280M, reaching $3.03B—signaling rising trader activity and bullish sentiment, with potential short liquidations worth over $62M.
If Dogecoin breaks below $0.2185 support, the bull pennant will be invalidated, possibly leading to a drop toward the S1 support at $0.17757.
🔥 Stock Market Basics: Candlestick Patterns
In order to be a master, you must begin with the basics.🔥
#TradeLessons
In order to be a master, you must begin with the basics.🔥
#TradeLessons
What is Trading Psychology?
Trading psychology refers to the emotions and mental states that help dictate success or failure in trading securities. Trading psychology represents various aspects of an individual’s character and behaviors that influence their trading actions and can be as important as other attributes, such as knowledge, experience, and skill in determining trading success.
Saylor says Strategy will become a $10 trillion company
“I think that MicroStrategy is in a position where we can grow from a $100 billion enterprise to a $1 trillion enterprise to a $10 trillion enterprise,” Saylor said.
He also predicted that Bitcoin would one day reach a price of $13 million per coin:
“My forecast for 2045 is 13 million a Bitcoin. I would think in the four to eight year time frame. Certainly, in 10 years we should be at a million. So one million in 10 years you know 10X that or more in 20 years.”
Walton’s prediction on Strategy potentially beating all publicly traded equities in the future comes amid the company ranking the 151st largest company in the world by the market capitalization of $117 billion, according to CompaniesMarketCap.
“I think that MicroStrategy is in a position where we can grow from a $100 billion enterprise to a $1 trillion enterprise to a $10 trillion enterprise,” Saylor said.
He also predicted that Bitcoin would one day reach a price of $13 million per coin:
“My forecast for 2045 is 13 million a Bitcoin. I would think in the four to eight year time frame. Certainly, in 10 years we should be at a million. So one million in 10 years you know 10X that or more in 20 years.”
Walton’s prediction on Strategy potentially beating all publicly traded equities in the future comes amid the company ranking the 151st largest company in the world by the market capitalization of $117 billion, according to CompaniesMarketCap.
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$EURI $HEI $ALGO
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#TrumpTariffs Trump Sons’ New Crypto Miner Goes Public
A new Bitcoin miner backed by two of US President Donald Trump’s sons has said it will go public on the Nasdaq through an all-stock merger with Gryphon Digital Mining.
The company is American Bitcoin, which was founded in March of this year. The merger with Gryphon is scheduled for the third quarter of 2025.
A new Bitcoin miner backed by two of US President Donald Trump’s sons has said it will go public on the Nasdaq through an all-stock merger with Gryphon Digital Mining.
The company is American Bitcoin, which was founded in March of this year. The merger with Gryphon is scheduled for the third quarter of 2025.
#StrategyTrade What is a trend line?
The definition of trend line:
A trendline is a line that connects the price’s swing highs and swing lows of a trending market.It’s as simple as that.
How to draw trend lines?
Drawing trend lines comes with a few rules… Let’s find out how to make a trend line.
1.A trendline should connect a minimum of 2 swing tops or bottoms, more touches means it’s stronger.
2.A trendline should not cut through a candle or candles.
3.Remember, when drawing a trend line, it can only be based on closed candles.
$BTC $XRP $BNB
The definition of trend line:
A trendline is a line that connects the price’s swing highs and swing lows of a trending market.It’s as simple as that.
How to draw trend lines?
Drawing trend lines comes with a few rules… Let’s find out how to make a trend line.
1.A trendline should connect a minimum of 2 swing tops or bottoms, more touches means it’s stronger.
2.A trendline should not cut through a candle or candles.
3.Remember, when drawing a trend line, it can only be based on closed candles.
$BTC $XRP $BNB
$XRP Futures Open Interest has surged by over $1B in the past week, rising from $2.42B to $3.42B (+41.6%). This sharp increase in leverage coincides with a price rally from $2.14 to $2.48, suggesting elevated speculative activity and growing directional conviction, pic.twitter.com/QbsaOM9oxE
— glassnode (@glassnode) May 13, 2025
#StrategyTrade If $ETH fails to clear the $2,720 resistance, it could start a fresh downside correction. Initial support on the downside is near the $2,600 level. The first major support sits near the $2,575 zone and the 50% Fib retracement level of the upward move from the $2,416 swing low to the $2,736 high.
A clear move below the $2,575 support might push the price toward the $2,500 support. Any more losses might send the price toward the $2,420 support level in the near term. The next key support sits at $2,350.
Technical Indicators
Hourly MACD – The MACD for ETH/USD is losing momentum in the bullish zone.
Hourly RSI – The RSI for ETH/USD is now above the 50 zone.
Major Support Level – $2,720
Major Resistance Level – $2,575
A clear move below the $2,575 support might push the price toward the $2,500 support. Any more losses might send the price toward the $2,420 support level in the near term. The next key support sits at $2,350.
Technical Indicators
Hourly MACD – The MACD for ETH/USD is losing momentum in the bullish zone.
Hourly RSI – The RSI for ETH/USD is now above the 50 zone.
Major Support Level – $2,720
Major Resistance Level – $2,575
#StrategyTrade If $BTC fails to rise above the $105,000 resistance zone, it could start another downside correction. Immediate support on the downside is near the $103,500 level. The first major support is near the $102,850 level and the 50% Fib retracement level of the upward move from the $100,772 swing low to the $104,980 high.
The next support is now near the $101,750 zone. Any more losses might send the price toward the $100,200 support in the near term. The main support sits at $98,800.
Technical indicators:
Hourly MACD – The MACD is now losing pace in the bullish zone.
Hourly RSI (Relative Strength Index) – The RSI for BTC/USD is now above the 50 level.
Major Support Levels – $103,500, followed by $102,850.
Major Resistance Levels – $105,000 and $105,500
The next support is now near the $101,750 zone. Any more losses might send the price toward the $100,200 support in the near term. The main support sits at $98,800.
Technical indicators:
Hourly MACD – The MACD is now losing pace in the bullish zone.
Hourly RSI (Relative Strength Index) – The RSI for BTC/USD is now above the 50 level.
Major Support Levels – $103,500, followed by $102,850.
Major Resistance Levels – $105,000 and $105,500
#ETHCrossed2500 $ETH Ethereum (ETH) has sustained its upward momentum despite an extended rally in recent weeks. Price action is now approaching a critical resistance area at $2,800, while strong support from the 200-day moving average continues to hold. The market now sits at a pivotal point where it must decide between continuation toward new highs or a healthy pullback that could present a fresh buying opportunity.
-Major Resistance: $2,800 confluence zone (0.618 Fib, weekly SR, value area high)
-Key Support: $2,000 psychological level aligned with historical demand
-Trend Signal: Holding above 200-day MA with strong daily candle confirmations
-Major Resistance: $2,800 confluence zone (0.618 Fib, weekly SR, value area high)
-Key Support: $2,000 psychological level aligned with historical demand
-Trend Signal: Holding above 200-day MA with strong daily candle confirmations
“With double-digit gains following key global events, $BTC is reinforcing its position as a resilient alternative asset—outperforming gold, the S&P 500, and the Nasdaq year-to-date. The momentum is undeniable.”
#TradeWarEases
#TradeWarEases
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