BGC Priv Journal
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BGC Priv Journal
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
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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
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.
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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…
Leverage wipeout on ETH and bitcoin was wild but not unexpected. It's good to flush out late lev longs.

Looking at pepe HTF structure still in tact finding demand around the 5036 area. One notable thing is each sequential correction is deeper and feels like the trend is weaking - have a feeling we either see a weak recovery indicating things may start rolling over soon or there may be a large impulse move up coming to help reset trend momentum (could happen BTC breaks ath and consolidates). On a lower timeframe it looks like momentums fighting to swing back to the upside. Generally even with today's volatility and low caps pricing in the worst case (ofc), until price dictates otherwise there still feels to be a lot of strength in this market
BGC Priv Journal
Leverage wipeout on ETH and bitcoin was wild but not unexpected. It's good to flush out late lev longs. Looking at pepe HTF structure still in tact finding demand around the 5036 area. One notable thing is each sequential correction is deeper and feels like…
Much is unchanged, alot of he market still showing strength in trend. Sol has started to catch up to mirror ETH's move as well, now both are just teasing and along those resistance levels. PEPE move up and temporarily put in a new ATH. PEPE's trend strength looks like it's softening a bit, but like mentioned before 1 big impulse move up can reset that. ATM it's relaxing for a second, along with MOG. Underneath the surface we're seeing things like HPOS finally putting up a new ATH while smaller caps like SPX, smurf are showing a lot of strength as well.

Overall i remain the same, unbiased in expectation just flowing with the market. Not much has changed, I would still rather sell late giving back some gains than sell early in this environment.
Sol was fun, it's looking like it may be ETH's turn again. PEPE daily still really strong, 4H looks like momentum about to shift back to the upside.