#FIL Market Analysis
FIL is at 0.7880 on the daily, bouncing hard off the year long descending trendline near 0.6260 that's capped price since February, now reclaiming 0.7700.
Bull case: hold above 0.7700 and continue the push toward 0.8400 and a retest of higher levels.
Bear case: lose 0.7100 and fall back below the trendline, invalidating the bounce.
Trendline finally breaking, or one more fade before it holds?
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Bitcoin Bullets® Trading
FIL is at 0.7880 on the daily, bouncing hard off the year long descending trendline near 0.6260 that's capped price since February, now reclaiming 0.7700.
Bull case: hold above 0.7700 and continue the push toward 0.8400 and a retest of higher levels.
Bear case: lose 0.7100 and fall back below the trendline, invalidating the bounce.
Trendline finally breaking, or one more fade before it holds?
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Bitcoin Bullets® Trading
#SOL Market Analysis
SOL is at 99.55 on the daily, pulling back from the 108.50 highs after a sharp breakout run, with the multi month ascending channel still holding beneath the recent move.
Bull case: hold above 96.50 and resume the push back toward 104.50 and 108.50.
Bear case: lose 96.50 and slide back toward the channel midline near 88.50.
Healthy pullback within the trend, or does the correction deepen?
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Bitcoin Bullets® Trading
SOL is at 99.55 on the daily, pulling back from the 108.50 highs after a sharp breakout run, with the multi month ascending channel still holding beneath the recent move.
Bull case: hold above 96.50 and resume the push back toward 104.50 and 108.50.
Bear case: lose 96.50 and slide back toward the channel midline near 88.50.
Healthy pullback within the trend, or does the correction deepen?
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Bitcoin Bullets® Trading
#ARB Market Analysis
ARB just exploded to 0.1307 on the 4h, breaking cleanly out of the demand zone near 0.0830 and clearing the 0.1060 resistance in one strong push.
Bull case: hold above 0.1250 and continue the push toward 0.1400 and beyond.
Bear case: fade back below 0.1200, pulling price back toward the 0.1060 breakout zone.
Breakout confirmed, or is this move due for a cooldown?
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Bitcoin Bullets® Trading
ARB just exploded to 0.1307 on the 4h, breaking cleanly out of the demand zone near 0.0830 and clearing the 0.1060 resistance in one strong push.
Bull case: hold above 0.1250 and continue the push toward 0.1400 and beyond.
Bear case: fade back below 0.1200, pulling price back toward the 0.1060 breakout zone.
Breakout confirmed, or is this move due for a cooldown?
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Bitcoin Bullets® Trading
#BTC Market Analysis
BTC is at 81,482 on the daily, pressing into the May resistance zone near 82,000 after a sharp run off the ascending trendline from the August lows.
Bull case: clear 82,000 and break the resistance, opening a path toward fresh highs above the range.
Bear case: lose the trendline near 76,000, exposing a slide back toward 72,000.
Fresh highs ahead, or one more rejection at resistance?
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Bitcoin Bullets® Trading
BTC is at 81,482 on the daily, pressing into the May resistance zone near 82,000 after a sharp run off the ascending trendline from the August lows.
Bull case: clear 82,000 and break the resistance, opening a path toward fresh highs above the range.
Bear case: lose the trendline near 76,000, exposing a slide back toward 72,000.
Fresh highs ahead, or one more rejection at resistance?
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Bitcoin Bullets® Trading
#ZEC Market Analysis
ZEC just tagged 946.11 on the daily, closing in on the 1,000 mark after a massive run that's cleared every level since the July trendline breakout near 445.00.
Bull case: clear 1,000 and confirm the round number breakout, opening a path toward fresh territory well above.
Bear case: reject here and pull back toward the trendline near 505.00, digesting the move.
First trip through 1,000, or does it get rejected right here?
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Bitcoin Bullets® Trading
ZEC just tagged 946.11 on the daily, closing in on the 1,000 mark after a massive run that's cleared every level since the July trendline breakout near 445.00.
Bull case: clear 1,000 and confirm the round number breakout, opening a path toward fresh territory well above.
Bear case: reject here and pull back toward the trendline near 505.00, digesting the move.
First trip through 1,000, or does it get rejected right here?
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Bitcoin Bullets® Trading
#ETH Market Analysis
ETH is at 2,454.79 on the 8h, pressing right into the descending trendline from the April highs after a massive breakout run off the ascending trendline from late June.
Bull case: clear 2,480 and break the year long resistance trendline, opening a path toward fresh highs.
Bear case: reject here and fade back toward the rising trendline near 1,940.
Major trendline finally breaks, or another rejection at resistance?
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Bitcoin Bullets® Trading
ETH is at 2,454.79 on the 8h, pressing right into the descending trendline from the April highs after a massive breakout run off the ascending trendline from late June.
Bull case: clear 2,480 and break the year long resistance trendline, opening a path toward fresh highs.
Bear case: reject here and fade back toward the rising trendline near 1,940.
Major trendline finally breaks, or another rejection at resistance?
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Bitcoin Bullets® Trading
#XRP Market Analysis
XRP is at 1.4003 on the daily, cooling off after exploding from the year long wedge lows near 1.0100, still holding well above the breakout zone as the wedge apex is fully cleared.
Bull case: hold above 1.3600 and resume the push toward 1.4500 and a retest of 1.5000.
Bear case: lose 1.3200, pulling price back down into the wedge breakout zone near 1.2400.
Fresh uptrend building, or does the pullback deepen from here?
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Bitcoin Bullets® Trading
XRP is at 1.4003 on the daily, cooling off after exploding from the year long wedge lows near 1.0100, still holding well above the breakout zone as the wedge apex is fully cleared.
Bull case: hold above 1.3600 and resume the push toward 1.4500 and a retest of 1.5000.
Bear case: lose 1.3200, pulling price back down into the wedge breakout zone near 1.2400.
Fresh uptrend building, or does the pullback deepen from here?
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Bitcoin Bullets® Trading
#UNI Market Analysis
UNI just exploded to 7.146 on the 8h, breaking cleanly out of the demand zone near 3.400 and clearing the entire structure since June in one powerful run.
Bull case: hold above 6.500 and continue the push toward fresh highs beyond 7.146.
Bear case: fade back below 6.100, pulling price back toward the breakout zone near 4.500.
Massive breakout holds, or is this move due for a cooldown?
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Bitcoin Bullets® Trading
UNI just exploded to 7.146 on the 8h, breaking cleanly out of the demand zone near 3.400 and clearing the entire structure since June in one powerful run.
Bull case: hold above 6.500 and continue the push toward fresh highs beyond 7.146.
Bear case: fade back below 6.100, pulling price back toward the breakout zone near 4.500.
Massive breakout holds, or is this move due for a cooldown?
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Bitcoin Bullets® Trading
#ARB Market Analysis
ARB just exploded to 0.1895 on the 4h, breaking cleanly out of the demand zone near 0.0870 and clearing the 0.1040 resistance on the way to a massive continuation move.
Bull case: hold above 0.1800 and continue the push toward fresh highs beyond 0.1895.
Bear case: fade back below 0.1700, pulling price back toward the breakout zone near 0.1300.
Explosive breakout holds, or is this move due for a cooldown?
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Bitcoin Bullets® Trading
ARB just exploded to 0.1895 on the 4h, breaking cleanly out of the demand zone near 0.0870 and clearing the 0.1040 resistance on the way to a massive continuation move.
Bull case: hold above 0.1800 and continue the push toward fresh highs beyond 0.1895.
Bear case: fade back below 0.1700, pulling price back toward the breakout zone near 0.1300.
Explosive breakout holds, or is this move due for a cooldown?
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Bitcoin Bullets® Trading
#AAVE Market Analysis
AAVE is at 133.49 on the 8h, consolidating just under the 140.00 highs after a massive breakout run off the ascending trendline from June, still riding well above the trendline near 98.50.
Bull case: hold above 130.00 and resume the push toward fresh highs above 140.00.
Bear case: lose 122.00 and correct back toward the trendline near 98.50.
Consolidation before the next leg up, or is this the top of the move?
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Bitcoin Bullets® Trading
AAVE is at 133.49 on the 8h, consolidating just under the 140.00 highs after a massive breakout run off the ascending trendline from June, still riding well above the trendline near 98.50.
Bull case: hold above 130.00 and resume the push toward fresh highs above 140.00.
Bear case: lose 122.00 and correct back toward the trendline near 98.50.
Consolidation before the next leg up, or is this the top of the move?
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Bitcoin Bullets® Trading
#NEAR Market Analysis
NEAR is at 2.405 on the 6h, pulling back from the 2.450 highs after a massive breakout run off the ascending trendline from mid August, still holding well above the trendline near 2.000.
Bull case: hold above 2.250 and resume the push toward fresh highs above 2.450.
Bear case: lose 2.150 and correct back toward the trendline near 1.950.
Healthy pullback within the trend, or does the correction deepen?
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Bitcoin Bullets® Trading
NEAR is at 2.405 on the 6h, pulling back from the 2.450 highs after a massive breakout run off the ascending trendline from mid August, still holding well above the trendline near 2.000.
Bull case: hold above 2.250 and resume the push toward fresh highs above 2.450.
Bear case: lose 2.150 and correct back toward the trendline near 1.950.
Healthy pullback within the trend, or does the correction deepen?
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Bitcoin Bullets® Trading
#ENA Market Analysis
ENA is at 0.1664 on the daily, cooling off after a sharp breakout from the demand zone near 0.0940, still climbing along the year long ascending trendline from February.
Bull case: hold above 0.1550 and resume the push toward the trendline near 0.1850.
Bear case: lose 0.1450, pulling price back toward the breakout zone near 0.1350.
Trend continues toward the long term trendline, or does this pull back first?
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Bitcoin Bullets® Trading
ENA is at 0.1664 on the daily, cooling off after a sharp breakout from the demand zone near 0.0940, still climbing along the year long ascending trendline from February.
Bull case: hold above 0.1550 and resume the push toward the trendline near 0.1850.
Bear case: lose 0.1450, pulling price back toward the breakout zone near 0.1350.
Trend continues toward the long term trendline, or does this pull back first?
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Bitcoin Bullets® Trading
#WLD Market Analysis
WLD just ripped to 0.4810 on the 4h, tearing through the demand zone near 0.3300 and clearing the entire August range in one powerful continuation move.
Bull case: hold above 0.4600 and continue the push toward fresh highs beyond 0.4810.
Bear case: fade back below 0.4400, pulling price back toward the breakout zone near 0.4000.
Massive breakout holds, or is this move overextended?
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Bitcoin Bullets® Trading
WLD just ripped to 0.4810 on the 4h, tearing through the demand zone near 0.3300 and clearing the entire August range in one powerful continuation move.
Bull case: hold above 0.4600 and continue the push toward fresh highs beyond 0.4810.
Bear case: fade back below 0.4400, pulling price back toward the breakout zone near 0.4000.
Massive breakout holds, or is this move overextended?
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Bitcoin Bullets® Trading
#DOT Market Analysis
DOT just ripped to 1.231 on the 4h, breaking cleanly out of the demand zone near 0.810 and clearing the entire August range in a powerful continuation move.
Bull case: hold above 1.160 and continue the push toward fresh highs beyond 1.231.
Bear case: fade back below 1.080, pulling price back toward the breakout zone near 0.960.
Massive breakout holds, or is this move due for a cooldown?
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Bitcoin Bullets® Trading
DOT just ripped to 1.231 on the 4h, breaking cleanly out of the demand zone near 0.810 and clearing the entire August range in a powerful continuation move.
Bull case: hold above 1.160 and continue the push toward fresh highs beyond 1.231.
Bear case: fade back below 1.080, pulling price back toward the breakout zone near 0.960.
Massive breakout holds, or is this move due for a cooldown?
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Bitcoin Bullets® Trading
#POL Market Analysis
POL is at 0.09530 on the 4h, easing back down to test the ascending trendline from mid August, right after tagging 0.09800 earlier this week.
Bull case: hold the trendline and reclaim 0.09800, opening a path back toward 0.10600.
Bear case: lose the trendline near 0.09400, exposing a slide toward 0.08700.
Trendline holds, or does the pullback deepen?
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Bitcoin Bullets® Trading
POL is at 0.09530 on the 4h, easing back down to test the ascending trendline from mid August, right after tagging 0.09800 earlier this week.
Bull case: hold the trendline and reclaim 0.09800, opening a path back toward 0.10600.
Bear case: lose the trendline near 0.09400, exposing a slide toward 0.08700.
Trendline holds, or does the pullback deepen?
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Bitcoin Bullets® Trading
#ATOM Market Analysis
ATOM is at 1.873 on the 8h, ripping higher off the ascending trendline from the early August lows, now pressing right into the June resistance zone near 2.000.
Bull case: clear 2.000 and break the multi month resistance, opening a path toward fresh highs.
Bear case: reject here and fade back toward the trendline near 1.540.
Multi month resistance finally breaks, or another rejection here?
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Bitcoin Bullets® Trading
ATOM is at 1.873 on the 8h, ripping higher off the ascending trendline from the early August lows, now pressing right into the June resistance zone near 2.000.
Bull case: clear 2.000 and break the multi month resistance, opening a path toward fresh highs.
Bear case: reject here and fade back toward the trendline near 1.540.
Multi month resistance finally breaks, or another rejection here?
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Bitcoin Bullets® Trading
#ETC Market Analysis
ETC is at 7.93 on the 4h, pulling back from the 8.90 highs after a strong run, still holding well above the demand zone near 7.00 and the ascending trendline from mid August.
Bull case: hold above 7.60 and resume the push back toward 8.40 and 8.90.
Bear case: lose the trendline near 7.30, exposing a slide back into the demand zone near 7.00.
Healthy pullback within the trend, or does the correction deepen?
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Bitcoin Bullets® Trading
ETC is at 7.93 on the 4h, pulling back from the 8.90 highs after a strong run, still holding well above the demand zone near 7.00 and the ascending trendline from mid August.
Bull case: hold above 7.60 and resume the push back toward 8.40 and 8.90.
Bear case: lose the trendline near 7.30, exposing a slide back into the demand zone near 7.00.
Healthy pullback within the trend, or does the correction deepen?
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Bitcoin Bullets® Trading
#SOL Market Analysis
SOL is at 100.06 on the 8h, pulling back from the recent highs and settling right at the 100.00 level, still riding within the multi month ascending channel from June.
Bull case: hold above 98.00 and resume the push back toward the descending trendline near 104.00.
Bear case: lose 98.00 and slide back toward the channel support near 80.00.
Consolidating at round number support, or does the pullback deepen?
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Bitcoin Bullets® Trading
SOL is at 100.06 on the 8h, pulling back from the recent highs and settling right at the 100.00 level, still riding within the multi month ascending channel from June.
Bull case: hold above 98.00 and resume the push back toward the descending trendline near 104.00.
Bear case: lose 98.00 and slide back toward the channel support near 80.00.
Consolidating at round number support, or does the pullback deepen?
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Bitcoin Bullets® Trading
#LINK Market Analysis
LINK is at 11.503 on the 4h, pulling back from the 13.000 highs and landing right on the ascending trendline from mid August, with the demand zone near 10.200 still well below as backup support.
Bull case: hold the trendline and reclaim 11.700, opening a path back toward 12.500.
Bear case: lose the trendline near 11.300, exposing a slide toward the demand zone at 10.200.
Trendline holds, or does the pullback deepen?
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Bitcoin Bullets® Trading
LINK is at 11.503 on the 4h, pulling back from the 13.000 highs and landing right on the ascending trendline from mid August, with the demand zone near 10.200 still well below as backup support.
Bull case: hold the trendline and reclaim 11.700, opening a path back toward 12.500.
Bear case: lose the trendline near 11.300, exposing a slide toward the demand zone at 10.200.
Trendline holds, or does the pullback deepen?
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Bitcoin Bullets® Trading