#ALTCOINS

Same idea.

$BTC reclaimed the range low and has just touched $80k again.

Wrong on that last idea, but I still think LTF is bearish and $60k levels are likely before the main bullish move towards $100k levels.

So basically, this is still in play.

''In a world full of darkness, be a light''

Have a good weekend.

GM

Staying cautious here.

Yes, this looks like a bull trap.

Some more confluence for a swing pivot.

Seeing some decent retracements already, all over the crypto market.

High probability local highs are in.

We could now see an LTF bounce towards $85k, but then down again.

Bull trap confirmation (trend change) once $BTC goes below $80k. The expected target would be $65k-70k.

Lower for alts, which could drop 30%-50%. Some would make new swing lows, others wouldn't.

#USOIL update

Bounced from support and reclaimed resistance.

Very good read of this asset.

Not sure why Trump says oil prices will come down ''soon''. So far it looks bullish.

I expect a move up, likely caused by geopolitical escalation, and then a potential deal before or around midterm elections (November 3rd).

That's when oil prices could start going down, but not just yet, or at least it doesn't seem so.

$85k reached.

Bearish continuation soon, imo.

Have a good weekend.

As mentioned on X, I'm starting to hedge.

This week should be interesting.