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Between January and March, approximately 62,800 BTC dormant for over seven years were moved, compared to just 28,000 BTC during the same period in 2024, according to data from CryptoQuant.
When it comes to my favourite spot investment, XMR is the safest for me, I'm relying on this breakout of the double bottom pattern, as you can see we have noticed a strong bullish momentum on the WEEKLY timeframe, with a clean retest, we could have a long attempt here and HODL, first target is around 26%, second target 48%, and the third target is around the price of $480
When it comes to SPOT, INJ is one of my favourite investments, currently we are heading until the neckline of 10.90 Resistance. Where we will be rejecting off of it in-order to form an inverse head and shoulders pattern. Which will lead to a magical strong pump until the price of $16 up-to $20
This makes more sense to be honest, the TOTAL crypto market cap charts, if we combine it with this scenario, we could see that we might be forming an inverse head and shoulders pattern on Bitcoin. they both match the insight, once Bitcoin reaches the neckline of the inverse head and shoulders, the TOTAL market-cap will retest the resistance.
If we see a rejection, it will happen for the greater good, Bitcoin will be forming the right shoulder which is also a bullish indication.
So we will try some longs from here until BTC reaches 88k where I'm expecting a tiny fakeout from above of the neckline before going for one risky short maximum. We will be waiting for the right shoulder to be formed, once done, we will place longs.
I know that things are looking BULLISH right now, but the thing is there is a hidden trend from above, the REAL confirmation will happen once we break from above of it, right now I see small scalps for longs, until we retest that trend. We will wait patiently for longs, rn I might open 1 position long for a small TP, but on the breakout I will open more.
Coin: $INJUSDT Timeframe: 4h Observation: Broken from above of the ADAM & Eve Pattern, expecting to see a rise to the upside from around of this price, knowing that there is a strong level of resistance around the price of $9.49
But eventually we will be able to manage to break from above of it.
USDT.D Update: Broken from above of a falling wedge pattern, expecting to see a retest around 5.48%, after that it will pump until 5.56, which means that the market will be dropping while USDT.D pumping
Coin: $BTCUSDT Timeframe: 2h Observation: We are still preparing for the big move, we will either break from above of the horizontal resistance from here, or we will go for a retest around the price of 81K where we will place some longs from there. First target would be around 90k
On the bigger picture, we are currently downtrending, the resistance of it is around the price of $1670. Meanwhile, on the smaller picture we are also being bearish, by forming a falling wedge pattern, if we break from below of it, $ETH is going to sink back around $1500 - $1400 or even lower.