#BTC Market Analysis
BTC just broke out to 77,132 on the daily, clearing both the small August triangle and the year long descending trendline from the October highs in one strong move.
Bull case: hold above 72,000 and continue the push toward 82,000 and a retest of the May highs near 98,000.
Bear case: fade back below 66,000, dragging price back into the old triangle range.
Major trendline breakout, or does it get rejected here?
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Bitcoin Bullets® Trading
BTC just broke out to 77,132 on the daily, clearing both the small August triangle and the year long descending trendline from the October highs in one strong move.
Bull case: hold above 72,000 and continue the push toward 82,000 and a retest of the May highs near 98,000.
Bear case: fade back below 66,000, dragging price back into the old triangle range.
Major trendline breakout, or does it get rejected here?
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Bitcoin Bullets® Trading
#UNI Market Analysis
UNI is at 4.233 on the daily, pushing back toward the 4.400 highs from early August, still riding the ascending trendline from the June lows.
Bull case: clear 4.400 and continue the trend, opening a path toward fresh highs above 4.500.
Bear case: fade back below 4.000, exposing a slide toward the trendline near 3.400.
Fresh highs ahead, or is this the top of the move?
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Bitcoin Bullets® Trading
UNI is at 4.233 on the daily, pushing back toward the 4.400 highs from early August, still riding the ascending trendline from the June lows.
Bull case: clear 4.400 and continue the trend, opening a path toward fresh highs above 4.500.
Bear case: fade back below 4.000, exposing a slide toward the trendline near 3.400.
Fresh highs ahead, or is this the top of the move?
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Bitcoin Bullets® Trading
#LINK Market Analysis
LINK is at 11.537 on the 6h, cooling off from the 12.500 highs after a massive breakout run, still riding the ascending trendline from late June.
Bull case: hold above 11.000 and resume the push toward fresh highs above 12.500.
Bear case: lose 10.500 and correct back toward the trendline near 8.500.
Healthy pullback, or is the parabolic move over?
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Bitcoin Bullets® Trading
LINK is at 11.537 on the 6h, cooling off from the 12.500 highs after a massive breakout run, still riding the ascending trendline from late June.
Bull case: hold above 11.000 and resume the push toward fresh highs above 12.500.
Bear case: lose 10.500 and correct back toward the trendline near 8.500.
Healthy pullback, or is the parabolic move over?
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Bitcoin Bullets® Trading
#DOT Market Analysis
DOT just spiked to 1.020 on the 8h, exploding off the 0.732 lows to fully break the descending trendline that had capped price since late June, now cooling off near 0.900.
Bull case: hold above 0.900 and resume the push toward 0.940 and fresh highs.
Bear case: fade back below 0.880, giving back most of the breakout move.
Explosive breakout holds, or does it get faded?
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Bitcoin Bullets® Trading
DOT just spiked to 1.020 on the 8h, exploding off the 0.732 lows to fully break the descending trendline that had capped price since late June, now cooling off near 0.900.
Bull case: hold above 0.900 and resume the push toward 0.940 and fresh highs.
Bear case: fade back below 0.880, giving back most of the breakout move.
Explosive breakout holds, or does it get faded?
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Bitcoin Bullets® Trading
#BCH Market Analysis
BCH just spiked to 300.0 on the 4h, exploding out of a multi week range and clearing the ascending trendline dating back to mid June, now cooling off near 270.0.
Bull case: hold above 266.0 and resume the push back toward 290.0 and 300.0.
Bear case: fade back below 258.0, giving back most of the breakout gains.
Breakout holds, or does it get faded from here?
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Bitcoin Bullets® Trading
BCH just spiked to 300.0 on the 4h, exploding out of a multi week range and clearing the ascending trendline dating back to mid June, now cooling off near 270.0.
Bull case: hold above 266.0 and resume the push back toward 290.0 and 300.0.
Bear case: fade back below 258.0, giving back most of the breakout gains.
Breakout holds, or does it get faded from here?
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Bitcoin Bullets® Trading
#BTC Market Analysis
BTC is at 80,717 on the daily, ripping off the small August triangle and now pressing right into the horizontal resistance from the May highs near 82,500.
Bull case: clear 82,500 and break the resistance, opening a path toward fresh all time highs.
Bear case: reject here and fade back toward the 72,945 low from earlier this month.
Fresh highs incoming, or one more rejection at resistance?
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Bitcoin Bullets® Trading
BTC is at 80,717 on the daily, ripping off the small August triangle and now pressing right into the horizontal resistance from the May highs near 82,500.
Bull case: clear 82,500 and break the resistance, opening a path toward fresh all time highs.
Bear case: reject here and fade back toward the 72,945 low from earlier this month.
Fresh highs incoming, or one more rejection at resistance?
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Bitcoin Bullets® Trading
#LTC Market Analysis
LTC is at 51.09 on the weekly, bouncing off multi year support near 40.50 where the long term rising trendline from 2019 meets horizontal support built since 2022.
Bull case: hold above 45.00 and reclaim 62.00, opening a path back toward 130.00 and a real shot at retesting the cycle highs over time.
Bear case: lose the trendline near 40.50, exposing a slide toward the 2019 base.
Long term bottom forming, or one more flush before it turns?
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Bitcoin Bullets® Trading
LTC is at 51.09 on the weekly, bouncing off multi year support near 40.50 where the long term rising trendline from 2019 meets horizontal support built since 2022.
Bull case: hold above 45.00 and reclaim 62.00, opening a path back toward 130.00 and a real shot at retesting the cycle highs over time.
Bear case: lose the trendline near 40.50, exposing a slide toward the 2019 base.
Long term bottom forming, or one more flush before it turns?
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Bitcoin Bullets® Trading
#ETH Market Analysis
ETH is at 2,464.49 on the 4h, cooling off from the 2,520 highs after a massive breakout from the multi week triangle, still holding well above the breakout zone near 1,920.
Bull case: hold above 2,440 and resume the push toward fresh highs above 2,520.
Bear case: fade back below 2,360, pulling price back toward the breakout zone near 1,920.
Consolidating before the next leg up, or is this move due for a deeper pullback?
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Bitcoin Bullets® Trading
ETH is at 2,464.49 on the 4h, cooling off from the 2,520 highs after a massive breakout from the multi week triangle, still holding well above the breakout zone near 1,920.
Bull case: hold above 2,440 and resume the push toward fresh highs above 2,520.
Bear case: fade back below 2,360, pulling price back toward the breakout zone near 1,920.
Consolidating before the next leg up, or is this move due for a deeper pullback?
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Bitcoin Bullets® Trading
#ATOM Market Analysis
ATOM is at 1.493 on the 4h, pulling back from the 1.700 highs and now landing right on the rising trendline from the early August lows.
Bull case: hold the trendline and reclaim 1.540, opening a path back toward 1.620.
Bear case: lose the trendline near 1.490, exposing a slide toward 1.390.
Trendline holds, or does the correction deepen?
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Bitcoin Bullets® Trading
ATOM is at 1.493 on the 4h, pulling back from the 1.700 highs and now landing right on the rising trendline from the early August lows.
Bull case: hold the trendline and reclaim 1.540, opening a path back toward 1.620.
Bear case: lose the trendline near 1.490, exposing a slide toward 1.390.
Trendline holds, or does the correction deepen?
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Bitcoin Bullets® Trading
#FIL Market Analysis
FIL is at 0.7052 on the daily, pulling back after a sharp bounce off the 0.6200 lows that finally cleared the year long descending trendline from February.
Bull case: hold above 0.6900 and resume the push toward 0.7700 and 0.8100.
Bear case: lose 0.6500 and fall back below the broken trendline, invalidating the breakout.
Trendline breakout holds, or does it get reclaimed?
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Bitcoin Bullets® Trading
FIL is at 0.7052 on the daily, pulling back after a sharp bounce off the 0.6200 lows that finally cleared the year long descending trendline from February.
Bull case: hold above 0.6900 and resume the push toward 0.7700 and 0.8100.
Bear case: lose 0.6500 and fall back below the broken trendline, invalidating the breakout.
Trendline breakout holds, or does it get reclaimed?
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Bitcoin Bullets® Trading