RektCap

$ETH

Ethereum has been successfully retesting black as support for the past few weeks

In doing so, Ethereum is repeating early 2024 history (green circle) with a successful retest, the only difference is that it has just taken longer this time

#ETH #Crypto #Ethereum

#BTC

Bitcoin has entered Week 2 of Price Discovery Uptrend 2

$BTC #Crypto #Bitcoin

ETH Dominance

Ethereum Dominance is showcasing initial signs of trying to hold the ~9% level as support (green circle)

If it can continue to do this, then Ethereum may become more market-dominant in June

#ETH #Crypto #Ethereum

#BTC Dominance

May is coming to a close and Bitcoin Dominance is firmly positioned for a successful retest of 64% as support

Any short-term dips would still enable Altcoin moves

But BTC DOM looks positioned for more upside towards the 71% area over time

$BTC #Crypto #Bitcoin

#BTC

The post-breakout retest was successful

Breakout fully confirmed

New All Time Highs are here

$BTC #Crypto #Bitcoin

#BTC

Just like there was a First Price Discovery Correction after the First Price Discovery Uptrend…

There’ll probably be a Second Price Discovery Correction after the Second Price Discovery Uptrend

$BTC #Crypto #Bitcoin

#BTC

Interestingly, Bitcoin has Weekly Closed above the Range High resistance

Thus technically, $BTC is now in the process of a post-breakout retest to try turn the Range High into new support

Successful retest would enable a breakout to new All Time Highs

#Crypto #Bitcoin

#BTC Dominance

Bitcoin Dominance retest was volatile, enabling an Altcoin Window

But now, it looks like the BTC DOM retest of 64% was successful

Any short-term dips would still enable Altcoin moves

But BTC DOM looks positioned for more upside over time

$BTC #Crypto #Bitcoin

#BTC

Bitcoin is doing all the right things to fully ending the Downside Deviation and reclaiming the Range

Bitcoin has Weekly Closed above the Range Low of $93500 and has been successfully retesting it as support ever since

$BTC #Crypto #Bitcoin

#BTC Dominance is positioned for a retest of 64% (blue) into new support

Thus, any dips would enable a short-term Altcoin Window, especially if the retest of 64% is a volatile one with a wick

After the retest however, the Macro Uptrend to 71% will resume

$BTC #Crypto #Bitcoin

#BTC

If Bitcoin continues to hold above $93500 (as it has been thus far), then price will be positioned for a move across the range

However, it's key that $BTC breaks the black Lower High resistance within this Range which is positioned at ~$99k this week

#Crypto #Bitcoin

#BTC

Two weeks ago, Bitcoin faced a Triple Resistance:

• Weekly Downtrend (red)

• Weekly Horizontal Resistance (blue, $86k)

• 21-Week EMA Resistance (green)

Bitcoin broke them all last week

Bitcoin broke the Triple Resistance

$BTC #Crypto #Bitcoin

#BTC

Bitcoin has just about Weekly Closed above $93500, technically positioning for a reclaim of $93.5k into support

In fact, $BTC is already retesting $93.5k into support this early in the week

Even so, I wouldn't be surprised to see volatility here

#Crypto #Bitcoin

#BTC

A small Weekly CME Gap developed (orange circle) which was promptly retested as support last week to enable the breakout from the black-black range into the mid-$90,000s

$BTC #Crypto #Bitcoin

$ETH Dominance

Ethereum Dominance has registered new All Time Lows

However, Ethereum Dominance is now trying to hold this green area as support going into May

It needs to hold here to position itself to become more market-dominant over the next months

#ETH #Crypto #Ethereum

$VIRTUAL

Virtuals Protocol didn't need a dip at all

It just kept climbing, rallying +135% since breaking the Downtrend

Now VIRTUAL will need to reclaim the black $1.12 level as support to rally to $1.45

Any retests of $1.12 could be volatile

#BTC #Crypto #VirtualsProtocol

#ALTS

Altcoin Market Cap indeed rejected from $425bn (black)

And even though Altcoin Market Cap rejected very strongly...

The retrace is much shallower than the previous 69% and 85% corrections

Important sign that $425bn is weakening as a point of rejection

#BTC #Crypto #Bitcoin

#BTC

Bitcoin has repeated mid-2021 price history with a breakout from its range formed by the two Bull Market EMAs

$BTC #Crypto #Bitcoin

#BTC

Bitcoin is on the cusp of finishing its Downside Deviation

Bitcoin needs a Weekly Close above $93500 and potentially also hold it as support in the future to fully confirm a return to the range

$BTC #Crypto #Bitcoin

#BTC

Bitcoin is in the process of trying to conclude its First Price Discovery Correction period

Granted, the corrective phase lasted longer than has historically been the case

But it didn't change the fact that the correction was an optimal re-accumulation opportunity with a high probability of price reversal to the upside

$BTC #Crypto #Bitcoin