A Few Notes (A)
ETH hit a big wall of resistance around the 3,500 area. Right now its pulling back while still being in a HTF bullish trend structure, will it stay within that structure / consolidate vs. experiencing a larger correction / bleed to the downside is the question.
ETH hit a big wall of resistance around the 3,500 area. Right now its pulling back while still being in a HTF bullish trend structure, will it stay within that structure / consolidate vs. experiencing a larger correction / bleed to the downside is the question.
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A Few Notes (A) ETH hit a big wall of resistance around the 3,500 area. Right now its pulling back while still being in a HTF bullish trend structure, will it stay within that structure / consolidate vs. experiencing a larger correction / bleed to the downside…
A Few Notes (B)
PEPE acting as a risk on signal for on chain and was forming a penant to either break out to the upside or break down. Lower caps priced in a break down overnight with the majority of runners falling 20-40%, which turned out to be right. What PEPE does at the 2000 area will likely be important - pull back to make room for higher within it's HTF structure vs. larger correction to the downside. People fomo'ing into blast in conjunction with these factors definitely put a dent in the liquidity environment.
Would be nice for things to continue to run on chain and have majors consolidate as PEPE maintains a bullish structure and pushes higher, but if PEPE breaks down further at the 2000 area while majors break their structure and bleed, risk off is probably the best way to go.
PEPE acting as a risk on signal for on chain and was forming a penant to either break out to the upside or break down. Lower caps priced in a break down overnight with the majority of runners falling 20-40%, which turned out to be right. What PEPE does at the 2000 area will likely be important - pull back to make room for higher within it's HTF structure vs. larger correction to the downside. People fomo'ing into blast in conjunction with these factors definitely put a dent in the liquidity environment.
Would be nice for things to continue to run on chain and have majors consolidate as PEPE maintains a bullish structure and pushes higher, but if PEPE breaks down further at the 2000 area while majors break their structure and bleed, risk off is probably the best way to go.
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Same that applies to ETH probably applies to Solana - hit the same wall and the break out structure was really similar (ETH was more vertical/aggressive). Blast opening probably affects liq there in the same way as well
I also agree with Cold here, idk it's hard environment to read rn. Just going to keep going with the flow and adjust as needed - https://x.com/Cold_xyz/status/1763329718240387338
X (formerly Twitter)
Cold (@Cold_xyz) on X
I have a feeling many will look back on today as the day they should’ve bought the dips on their favourite memecoins.
It will look painfully obvious in hindsight, we usually see coins bounce back with a vengeance after these 24h liquidity attention events.…
It will look painfully obvious in hindsight, we usually see coins bounce back with a vengeance after these 24h liquidity attention events.…
The market has been wrong on $DMT and it's starting to reprice rapidly - significantly undervalued gaming project with some of the best "price-go-up" tokenomic flywheels with constant burns. More demand -> more burns -> less supply type flywheel, which will likely get stronger after the L3 launch and DMT is used as the platforms gas fee. I remember on the first run up when it gets going its moves aggressively to the upside bc of the flywheel
https://x.com/mingie38371048/status/1762218733882540422?s=20
Asem also hoped on bored, tbh idk what he means by this bc they're launching their own L3 where DMT will be used as the gas but its still bullish - https://x.com/blknoiz06/status/1763301142782431450?s=20
https://x.com/mingie38371048/status/1762218733882540422?s=20
Asem also hoped on bored, tbh idk what he means by this bc they're launching their own L3 where DMT will be used as the gas but its still bullish - https://x.com/blknoiz06/status/1763301142782431450?s=20
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A Few Notes (B) PEPE acting as a risk on signal for on chain and was forming a penant to either break out to the upside or break down. Lower caps priced in a break down overnight with the majority of runners falling 20-40%, which turned out to be right. What…
Pepe looks to be finding demand along the 36ma, 2600 range where there's some support. On a LTF becoming a bit oversold but momentum still to the downside, would want to see that shift to key in if the demand is high/sustainable enough at that level
ETH finding demand at the support of that key resistance area, trend hasn't broken a strong bullish structure on a HTF. On LTF, momentum was to the downside and has been trying to shift up. If regains that momentum on a LTF while at the support area it should signal ETHs HTF structure is bullish. PEPE's mimicing this a bit, even some consolidation at that level vs. a push up would be bullish down the cap scale
ETH finding demand at the support of that key resistance area, trend hasn't broken a strong bullish structure on a HTF. On LTF, momentum was to the downside and has been trying to shift up. If regains that momentum on a LTF while at the support area it should signal ETHs HTF structure is bullish. PEPE's mimicing this a bit, even some consolidation at that level vs. a push up would be bullish down the cap scale
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Pepe looks to be finding demand along the 36ma, 2600 range where there's some support. On a LTF becoming a bit oversold but momentum still to the downside, would want to see that shift to key in if the demand is high/sustainable enough at that level ETH finding…
On Pepe, confirmed large demand at that area and HTF structure intact (also formed a bullflag before the pushup). LTF momentum shifting shifting back up. Can it sustain and follow through is what it looks like things are waiting for - i.e. low caps recovered a lot of the drawdown but aren't going bonkers (yet).
Just to be clear, using these as a way to monitor/gauge signal. Fully invested in (not leveraged) and will not sell anything until there is >100% confirmation of break in bullish structure and 100% clear momentum to the downside. In this environment I'd rather sell late and give back some gains vs. selling too early
Just to be clear, using these as a way to monitor/gauge signal. Fully invested in (not leveraged) and will not sell anything until there is >100% confirmation of break in bullish structure and 100% clear momentum to the downside. In this environment I'd rather sell late and give back some gains vs. selling too early
BGC Priv Journal
On Pepe, confirmed large demand at that area and HTF structure intact (also formed a bullflag before the pushup). LTF momentum shifting shifting back up. Can it sustain and follow through is what it looks like things are waiting for - i.e. low caps recovered…
BTC is powering to ATH, ETH maintained it's bullish structure and looks like its about to make its next leg, PEPE broke to ATH and entering price discovery.
There is no indication to change my bias. As i mentioned before in this environment i am mentally prepared to give back some gains selling late, but want to receive 100% confirmation of a shift in momentum before considering TP'ing positions. Until that moment I'm forcing myself to sit on my hands.
There is no indication to change my bias. As i mentioned before in this environment i am mentally prepared to give back some gains selling late, but want to receive 100% confirmation of a shift in momentum before considering TP'ing positions. Until that moment I'm forcing myself to sit on my hands.
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