#ETH Market Analysis
ETH is up over 7% today at 2,645.86 on the 8h, pushing to fresh highs and clearing the entire post breakout range that held since the September gap, with the year long descending trendline from April now decisively broken.
Bull case: hold above 2,600 and continue the push toward fresh highs beyond 2,645.
Bear case: fade back below 2,500, pulling price back toward the breakout zone near 2,400.
Explosive move continues, or is this the top of the run for now?
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Bitcoin Bullets® Trading
ETH is up over 7% today at 2,645.86 on the 8h, pushing to fresh highs and clearing the entire post breakout range that held since the September gap, with the year long descending trendline from April now decisively broken.
Bull case: hold above 2,600 and continue the push toward fresh highs beyond 2,645.
Bear case: fade back below 2,500, pulling price back toward the breakout zone near 2,400.
Explosive move continues, or is this the top of the run for now?
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Bitcoin Bullets® Trading
#ALTCOINS Market Analysis
Altcoin market cap (excluding BTC and ETH) is at 828.05B on the daily, ripping through the year long descending trendline from February and clearing the steep rising channel off the August lows in one powerful move.
Bull case: hold above 800B and continue the push toward fresh highs beyond 828B.
Bear case: fade back below 770B, pulling price back toward the breakout zone near 661B.
Altcoins finally breaking the year long downtrend, or is this move overextended?
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Bitcoin Bullets® Trading
Altcoin market cap (excluding BTC and ETH) is at 828.05B on the daily, ripping through the year long descending trendline from February and clearing the steep rising channel off the August lows in one powerful move.
Bull case: hold above 800B and continue the push toward fresh highs beyond 828B.
Bear case: fade back below 770B, pulling price back toward the breakout zone near 661B.
Altcoins finally breaking the year long downtrend, or is this move overextended?
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Bitcoin Bullets® Trading
#TAO Market Analysis
TAO is at 314.2 on the 8h, pulling back from the 320.0 highs after a massive breakout move off the demand zone near 220.5, taking out every level since late August in one powerful push.
Bull case: hold above 300.0 and resume the push toward fresh highs beyond 320.0.
Bear case: fade back below 280.0, pulling price back toward the breakout zone near 252.0.
Healthy pullback within the trend, or is this move due for a deeper correction?
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Bitcoin Bullets® Trading
TAO is at 314.2 on the 8h, pulling back from the 320.0 highs after a massive breakout move off the demand zone near 220.5, taking out every level since late August in one powerful push.
Bull case: hold above 300.0 and resume the push toward fresh highs beyond 320.0.
Bear case: fade back below 280.0, pulling price back toward the breakout zone near 252.0.
Healthy pullback within the trend, or is this move due for a deeper correction?
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Bitcoin Bullets® Trading
#CRYPTOMCAP Market Analysis
Total crypto market cap is at 2.91T on the 4h, pushing to fresh highs and riding the ascending trendline from mid August all the way to new territory near 2.96T.
Bull case: hold above 2.88T and continue the push toward fresh highs beyond 2.96T.
Bear case: lose 2.80T and correct back toward the trendline near 2.62T.
Trend continues to fresh highs, or does this pull back first?
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Bitcoin Bullets® Trading
Total crypto market cap is at 2.91T on the 4h, pushing to fresh highs and riding the ascending trendline from mid August all the way to new territory near 2.96T.
Bull case: hold above 2.88T and continue the push toward fresh highs beyond 2.96T.
Bear case: lose 2.80T and correct back toward the trendline near 2.62T.
Trend continues to fresh highs, or does this pull back first?
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Bitcoin Bullets® Trading
#SOL Market Analysis
SOL is at 119.09 on the daily, pressing right into the descending trendline from May, riding a powerful multi month channel off the rising trendline from the June lows.
Bull case: clear 119.00 and break the descending trendline, opening a path toward fresh highs beyond the channel.
Bear case: reject here and fade back toward the rising trendline near 83.00.
Year long resistance finally breaks, or another rejection here?
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Bitcoin Bullets® Trading
SOL is at 119.09 on the daily, pressing right into the descending trendline from May, riding a powerful multi month channel off the rising trendline from the June lows.
Bull case: clear 119.00 and break the descending trendline, opening a path toward fresh highs beyond the channel.
Bear case: reject here and fade back toward the rising trendline near 83.00.
Year long resistance finally breaks, or another rejection here?
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Bitcoin Bullets® Trading
#BCH Market Analysis
BCH just ripped to 349.3 on the 8h, exploding off the ascending trendline from late July and clearing every level since August in one massive continuation move.
Bull case: hold above 330.0 and continue the push toward fresh highs beyond 360.0.
Bear case: fade back below 300.0, pulling price back toward the breakout zone near 258.0.
Massive breakout holds, or is this move due for a cooldown?
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Bitcoin Bullets® Trading
BCH just ripped to 349.3 on the 8h, exploding off the ascending trendline from late July and clearing every level since August in one massive continuation move.
Bull case: hold above 330.0 and continue the push toward fresh highs beyond 360.0.
Bear case: fade back below 300.0, pulling price back toward the breakout zone near 258.0.
Massive breakout holds, or is this move due for a cooldown?
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Bitcoin Bullets® Trading
#XRP Market Analysis
XRP is at 1.4944 on the 4h, pulling back from the 1.6500 highs and landing right on the demand zone near 1.4500 built during the September consolidation.
Bull case: hold above 1.4500 and resume the push back toward 1.5500 and 1.6500.
Bear case: lose 1.4500 and slide back toward 1.3100.
Demand zone holds, or does the pullback deepen?
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Bitcoin Bullets® Trading
XRP is at 1.4944 on the 4h, pulling back from the 1.6500 highs and landing right on the demand zone near 1.4500 built during the September consolidation.
Bull case: hold above 1.4500 and resume the push back toward 1.5500 and 1.6500.
Bear case: lose 1.4500 and slide back toward 1.3100.
Demand zone holds, or does the pullback deepen?
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Bitcoin Bullets® Trading
#LTC Market Analysis
LTC just ripped to 71.05 on the 4h, exploding off the ascending trendline from mid September and clearing every level since August in a massive continuation move.
Bull case: hold above 68.00 and continue the push toward fresh highs beyond 74.00.
Bear case: fade back below 62.00, pulling price back toward the breakout zone near 55.00.
Massive breakout holds, or is this move due for a cooldown?
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Bitcoin Bullets® Trading
LTC just ripped to 71.05 on the 4h, exploding off the ascending trendline from mid September and clearing every level since August in a massive continuation move.
Bull case: hold above 68.00 and continue the push toward fresh highs beyond 74.00.
Bear case: fade back below 62.00, pulling price back toward the breakout zone near 55.00.
Massive breakout holds, or is this move due for a cooldown?
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Bitcoin Bullets® Trading
#TAO Market Analysis
TAO is at 295.0 on the 8h, pulling back sharply from the 325.0 highs after a massive breakout run, still holding well above the multi month ascending trendline from mid July.
Bull case: hold above 290.0 and resume the push back toward 310.0 and fresh highs.
Bear case: lose 280.0, exposing a slide toward the breakout zone near 213.0.
Healthy pullback within the trend, or does the correction deepen?
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Bitcoin Bullets® Trading
TAO is at 295.0 on the 8h, pulling back sharply from the 325.0 highs after a massive breakout run, still holding well above the multi month ascending trendline from mid July.
Bull case: hold above 290.0 and resume the push back toward 310.0 and fresh highs.
Bear case: lose 280.0, exposing a slide toward the breakout zone near 213.0.
Healthy pullback within the trend, or does the correction deepen?
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Bitcoin Bullets® Trading
#HYPE Market Analysis
HYPE just ripped to 91.898 on the 4h, exploding off the demand zone near 84.00 and clearing every level since early September in a powerful continuation move.
Bull case: hold above 89.700 and continue the push toward fresh highs beyond 94.000.
Bear case: fade back below 88.000, pulling price back toward the breakout zone near 86.000.
Massive breakout holds, or is this move due for a cooldown?
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Bitcoin Bullets® Trading
HYPE just ripped to 91.898 on the 4h, exploding off the demand zone near 84.00 and clearing every level since early September in a powerful continuation move.
Bull case: hold above 89.700 and continue the push toward fresh highs beyond 94.000.
Bear case: fade back below 88.000, pulling price back toward the breakout zone near 86.000.
Massive breakout holds, or is this move due for a cooldown?
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Bitcoin Bullets® Trading
#BTC Market Analysis
BTC is at 83,973 on the 4h, pulling back from the 86,000 highs, still riding the steeper accelerating trendline off the September lows and holding well above the resistance flip near 82,000.
Bull case: hold above 82,000 and resume the push back toward fresh highs above 86,000.
Bear case: lose the steep trendline near 80,000, exposing a slide toward the resistance flip zone near 76,000.
Trend accelerates further, or does this pull back to the broader trendline?
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Bitcoin Bullets® Trading
BTC is at 83,973 on the 4h, pulling back from the 86,000 highs, still riding the steeper accelerating trendline off the September lows and holding well above the resistance flip near 82,000.
Bull case: hold above 82,000 and resume the push back toward fresh highs above 86,000.
Bear case: lose the steep trendline near 80,000, exposing a slide toward the resistance flip zone near 76,000.
Trend accelerates further, or does this pull back to the broader trendline?
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Bitcoin Bullets® Trading
#ETH Market Analysis
ETH is at 2,693.23 on the 8h, consolidating just under the 2,800 highs after a strong run, still riding well above the multi month ascending trendline from mid August.
Bull case: hold above 2,600 and resume the push toward fresh highs above 2,800.
Bear case: lose 2,600 and correct back toward the trendline near 2,280.
Consolidation before the next leg up, or does the pullback deepen?
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Bitcoin Bullets® Trading
ETH is at 2,693.23 on the 8h, consolidating just under the 2,800 highs after a strong run, still riding well above the multi month ascending trendline from mid August.
Bull case: hold above 2,600 and resume the push toward fresh highs above 2,800.
Bear case: lose 2,600 and correct back toward the trendline near 2,280.
Consolidation before the next leg up, or does the pullback deepen?
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Bitcoin Bullets® Trading