Founding members are up 10% on PEPE since yesterday

Possible entry level for PEPE

Bitcoin is just about back in its "Wall of Worry"

Bitcoin vs Global Liquidity

Entry and exit price on my recent LONG trade on BTC

I want to be honest as a bull and point out that this weekly LMACD doesn't look so good in Bitcoin.

It looks like it wants to diverge down further rather than crossing bullish and curling upward. This next week is pretty critical to understanding if the correction is over, or if we get one more low.

To be clear, one more low is possible. I realize that Bitcoin just made its first higher high. A higher high is usually a change in market structure that is pointing to a resumption of an uptrend.

However, market particpants might be jumping the gun because of the higher high, creating the opportunity for one last shakeout.

This is the point where I am not very sure. I hedged short at $66K after I closed my long.

If we DO get that low, whether it is a lower low or higher low, IMO, that is the place where I go long and try to ride the last leg up to an eventual peak.

Bitcoin is retesting the Trend Wrangler

We want to see Bitcoin hold here above $60K

However, it doesn't exactly feel like it will

Just a few highlights of highly accurate Bitcoin calls made from my newsletter

I even gave the best trade setup of the entire bull run so far

In today's issue, I explain why I think Bitcoin is going to $76K within the next two weeks

Issue #54 is out now | When Continuation? https://coinchartist.substack.com/p/54-when-continuation

It features a fractal of BTC in 2024 versus 2019/2020
Comparing October 2023 with October 2024
A look at Ethereum's struggle to regain momentum
A Bitcoin Dominance reversal finally?
And why BTC could hit $76K soon according to Gold

This is one of the largest discounts in the Coinbase premium in a long time. This behavior usually preceeds a decline in price. Sometimes this is more reliable than TA, which was starting to look stronger in BTC.

This is a valid breakout from a downtrend line drawn across candle closes. If the weekly closes like this and the LMACD crosses bullish, this correction should be over.

Still 16 days to go, but just look at this monthly candlestick

A cleaner look at Bitcoin breaking up out of the descending channel

Rejected at the moment

Right back inside downtrend resistance. Bummer