CryptoUB-1

Happy Joyful June to those who celebrate. I continue to be bullish despite a market wide pullback.

Altcoins are retesting their daily consolidation periods before the recent move up. If/when Bitcoin reclaims $106.1k we’ll see calls for $70k quickly come to an end.

Pullbacks are necessary and perfectly fine. The way you react to them is more important than the pullback itself.

FARTCOIN

This is the first significant for pullback for FARTCOIN in quite awhile. For something that continues to have so much mindshare, this selloff should be seen as a massive opportunity.

My max bid zone is quickly approaching. I like this level for a two main reasons:

- Daily Consolidation.
- Sweep of Daily lows just above the consolidation period.

These are bids that I will confidently hold for a move to $2 and beyond.

I will HAPPILY long anywhere above $1.20 if my "golden bids" remain unfilled. I am still a fartcoin bull.

A few % lower and we’ll see some calls for a retest of $70k. I’ll be bidding when I see more of that on the TL.

If I'm EVER having the internal debate about if I should take profit on a position or not, I ALWAYS take profit.

Watching price retrace AFTER I've had that internal dialog and not taking profit is absolutely soul crushing.

It feels better to take profit and see it continue pumping while understanding that I can enter during the next consolidation period.

Rather than, not taking profit at all and watching price retrace or even fully go back to my entry.

This is one of those topics that no amount of educational content will hit home quite like going through it several times and simply not wanting to feel it anymore.

I believe it's likely we continue to have some bearish chop for a few days and continue through the weekend.

- The "easy" buy the dip setups aren't working as often anymore.
- Headline risk associated with tariffs (again).
- Everyone is conditioned to continue to buy the dips after being sidelined the entire move up.
-HL whale continuing to gamble with all eyes on what he's doing.

There's too many unknowns and outside factors that feel as though the best R:R is going to be chilling out for the next few days.

Potentially taking ONLY the strongest setups you have instead of taking the same setups we have over the last few weeks that were printing.

There's nothing wrong with periods like this in the market. It's really a test of your patience and ego.

BTC / Bitcoin

Absolutely nothing has changed from my point of view.

Only 3 lines are needed on your chart at 3 key levels.

$110,300 (Recent h4 level)
$106,100 (Daily Level)
$99,100 (Daily Level)

Let's talk about all of them and their significance:

The recent h4 level: Keeping it basic here. I need a level where price has interacted strongly with. This level provides a S&R flip as well as consolidation above the level.

$106,100: Breakout point set mid December of 2024. Strong rejection from the level.

Price interacted with the level later and had the same level of rejection before legging even lower.

Recently, price rejected just below the level before brief consolidation and blasting through to set our new highs.

This level has big interactions so it's a level where I expect there to be volume coming in.

Finally $99,100: The level that everyone and their mother should have highlighted. Breakout point from 2024.

Wicks at the level, bodies at the level, key breakouts or breakdowns from the level. Really everything I look for happening around here.

During the recent run up, price didn't take long to smash through. On a retest there, considering the historical significance, I would expect buyers to step in bigly.

You can use the h4 and h1 to pinpoint entries and exits based on the levels highlighted. You can use them as extra confluence for whatever you're looking for. It's important to be aware of them and where they are.

My personal approach is: See what happens at $106.1k and go from there. There's a lot of lows that could be swept along with a reclaim of the level which would be a great setup.

If no retest of $106.1k and no reclaim of $110,300 the best R:R for me is to wait and not do much.

The beautiful thing about FARTCOIN is it can underperform for a day or two then make up the underperformance in a single h4 candle.

HYPE

- H1 breakout point continues to hold as support.
- Price has not spent much time below the breakout point.

Looks good for a retest of the local highs as long as the h1 level continues to hold.

FARTCOIN

What a clean chart. It's almost time for another attempt at ~$1.60s imo.

- Waiting on the reclaim of key h4 level.
- Lows swept.

Send it.

If I have my Stop Loss placed 8% away from my entry, that doesn’t mean I’m risking 8% of my total account balance.

Let’s settle this one final time:

1) I want to risk $1,000 on this position.
2) I want to enter at this price.
3) My invalidation is at this price.

If price hits the invalidation point, how much will I lose? **THIS IS YOUR TOTAL RISK**

Adjust your position size until you get your desired risk based on your entry & invalidation prices.

It’s a complete waste of time to do TA or trading of any kind if you don’t understand risk.

If the HL whale isn’t hunted on a low liquidity holiday weekend, we are going to teleport higher next week imo.

This price action just before a long weekend feels like the best R:R over the next few days is going to be taking some time away from the charts and enjoying the weekend 🫡

Those who missed the MOODENG pump will rotate into other memes. Double digit green Friday for memes.

Book it.

It blows my mind that people would rather buy a FARTCOIN beta instead of the real thing when the daily chart looks like this.

FARTCOIN

Keep it simple.

Price has broken above a clear Daily level that rejected price for 5 days. You can see the interactions clearly on the h4.

If/when price retests this level, I will look for yet ANOTHER long position.

- Either consolidation BELOW the level.
- Consolidation AT the level.
- Or Consolidation ABOVE the level.

Easy enough, right? Now you just have to be patient which isn't as easy.

There's a lot of altcoins currently retesting major daily levels. If those levels are reclaimed, there's going to be some crazy moves incoming.

Especially because many of them spent the last two weeks consolidating below their respective key Daily Levels.

Something to keep in mind...

BTC / Bitcoin

Very simple analysis - you only need two lines on your chart for now.

- $106,100
- $99,100

Given the significance of previous interactions with $106.1k, I'd like to continue to see that level defended on retests.

IF the above level fails the next area of interest is $99.1k for the same reason.

These are the levels I have to work with until there is a fresh consolidation period on the daily.

On LTF, I'm looking for this pattern over and over again. It doesn't matter if you miss a leg higher. Just look for the h1 consolidation periods and BTFD until it doesn't work anymore.

It’s such a good feeling to see the numbers on your screen translate to real life experiences, purchases, or anything.

It’s only possible to experience these things if you actually take profit. Don’t be greedy and adjust your position because it’s going well.

TAKE PROFIT AND TAKE PROFIT CONSISTENTLY.

It doesn’t matter what any of the nerds in your computer think about the market and how high it *could* go. They are not living your life.

Take profit when you feel like it and enjoy yourself. Make all of the hours spent grinding mean something positive.

Don’t be that guy who gets caught up in the excitement and doesn’t take profit again.

Bitcoin has just v-reversed ANOTHER rejection at a massive level while there’s a $1B long position open with a public liquidation price. You continue to not be bullish enough, anon.

This is buy pressure at ATHs that we have never seen before.

I find it interesting that whenever there’s a large position broadcasted, people assume they must be hedged, they must know something, etc.

9/10 it’s a whale who wants to do a little gambling for the love of the game. No rationale behind the position. Just pure vibes.