#BTC done both targets and later failed to reclaim bottom level and dropped lower.

Green zone left above is a target for re-test, while in general dips lower seem to be inevitable. Next target is revisit to April 19th buy tail. If no magic happens there, next will be dump under 59k.

But most probably within this weekend up move will take place first.

📉 Daily Bitcoin chart review 📈

Bitcoin lost ~63500 SR and dropped lower on Saturday open. Friday close at 63749 will attract price for revisit on Monday, regardless where BTC will be by that moment - above or below.

In general I feel that drop lower is inevitable, although before that BTC can bounce back. After that nearest and the last zone of support is within April 19th buy tail and approximate range bottom. But as I wrote before, that bottom was tested to many times for me to take it as a level for blind longs. First have to see bulls taking control over PA. Otherwise too dangerous to catch knifes there.

Nearest liquidity pools:
above - 64521 / 65555 / 66770 / 67430
below - 62222 / 61320 / 60726 / 59450

SR levels to watch PA:
🔸73881 - ATH
🔸71363 - March close
🔸69362 - week close
🔸66555 - range middle
🔸65615 - week close
🔸64300 - February high
🔸63178 - week close
🔸61203 - Feb'24 close
🔸59112 - March low

Trend: D ▶️ W 🔼 M 🔼

🤑 F&G: 67 < 70 < 72 < 72 < 71

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📉 Daily Bitcoin chart review 📈

Bitcoin accomplished the first two parts of the move I forecasted on Saturday. Now its time to wick below lower trendline into the last support.

What will happen after it yet unpredictable. Week/month timeframe BTC is still within uptrend, so higher TF bias is bias. Day timeframe in downtrend asking for dips under 59k.

Nearest liquidity pools:
above - 62686 / 62938 / 63894 / 64196
below - 61318 / 60726 / 59445 / 58087

SR levels to watch PA:
🔸73881 - ATH
🔸71363 - March close
🔸69362 - week close
🔸66555 - range middle
🔸65615 - week close
🔸64300 - February high
🔸63088 - week close
🔸61203 - Feb'24 close
🔸59112 - March low

Trend: D 🔻 W 🔼 M 🔼

🤑 F&G: 67 < 65 < 67 < 70 < 72

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Ethereum against BTC is an indicator for alts bullishness. Weekend it pumped. Now will come back to Friday close around 0.049

But overall that weekend move gave a hope that ETHBTC will make further progress upwards towards 2023 close at least. So not completely losing bullishness for this May.

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@WiseAnalyze #ETH #ta

The week ahead:

Tuesday Apr 30
- 09.00 EU CPI YoY (Forecast 2.4%, previous 2.4%)
- Binance founder Changpeng Zhao official sentencing

Wednesday May 1
- 18.00 Fed Interest rate decision (Consensus, no hike, no cut)
- 18.30 FOMC Press Conference

Friday May 3
- 12.30 Unemployment rate (Forecast 3.8%, previous 3.8%)

This week's biggest cliff unlocks:

1. MEME 31.9% supply on May 3 7.30
2. DYDX 11.1% supply on May 1 12.00
3. SUI 3% supply on Apr 30 12.00

All times in UTC.

@onchainbuzz

Updated stats for March. Hardest month within covered period (plus I took vocation in the end of it), although still in profit.

Bitcoin ETFs to launch in Hong Kong tomorrow.

Chinese investors with Hong Kong residence permits will be allowed to buy shares in these Bitcoin ETFs.

📉 Daily Bitcoin chart review 📈

Bitcoin yesterday candle was bullish. Same view on 12H chart which favors longs. The only thing impossible to place here is stop loss, which being placed too far doesn't give good risk reward, while being placed close (like under 12h candle low) is too vulnerable for more stop hunting. See liquidity pools below - nearest is below that candle low.

P.S. This is the bottom of week TF range. So if at some point BTC start pumping towards 67k, most probably it will continue towards the top of the range at 71-73k. And in this case, same logic as with the bottom, high chances for breakout as SR was tested many times already.

Nearest liquidity pools:
above - 64290 / 65100 / 65608 / 67417
below - 62990 / 62233 / 61315 / 59445

SR levels to watch PA:
🔸73881 - ATH
🔸71363 - March close
🔸69362 - week close
🔸66555 - range middle
🔸65615 - week close
🔸64300 - February high
🔸63088 - week close
🔸61203 - Feb'24 close
🔸59112 - March low

Trend: D 🔻 W 🔼 M 🔼

🤑 F&G: 67 < 67 < 65 < 67 < 70

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@WiseAnalyze #BTC #Bitcoin #important #ta

💬 Chat chart request 💬

Won't draw anything. Instead just plot on Week chart multi-timeframe SMAs. Now re-test of Week 20SMA. Look similar to June-July 2021, when SOL was in uptrend and after several dips under W 20SMA finally bounced and went for another leg up for another 1000% from the last dip.

Back then this choppy consolidation took almost 3 months to shake everyone out. So if same happens we won't see SOL pump above 210 till July. Although before that it might pump to ~170 and come back to 120, and maybe even do it couple of times.

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@WiseAnalyze #SOL #ta

💬 Chat chart request 💬

JTO holds above week close at 3.095 and if stay here might start consolidation in between ~2.92 and ~3.26 for breakout back to 3.82-3.97 range top. If start losing bottom will drop lower to ~2.54

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Ten likes under the last one for another chart request 😎

No reactions = no interest = no sense in doing.

Hong Kong’s crypto ETFs catastrophic debut - the total trading volume for Bitcoin ETFs was $8.5 million, while ETH ETFs saw $2.5 million. Expected was over $100 million.

For comparison on the first day in the U.S., total trading volume hit $655 million.

💬 Chat chart request 💬

TON same as all the market is in uncertain consolidation stage at ~5.13 support.

So in case TON lose that SR the drop should take price to 4.6 at least with potential to stretch further. And if the market revive, confirmation should be once price establish itself above 5.42 - in this case we may expect re-test of 6.13

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@WiseAnalyze #TON #ta

By the way, just a reminder that TON is the only way to pay for advertisement in Telegram. So for me its the mostly fundamentally supported token among hundreds of scam projects pretending to be building the future of crypto.

If it falls, I'll buy more. My average price is around $3 (-40% from here) and I have orders places ages ago at the same level to buy more.

Not the most promising 4H close. Should dip lower

So far #BTC drawn 5 down-close candles. The last one didn't create any long tail, so price can go lower. Even if just for a dip below March low. But in general so far bulls are weak, got to wait for the clear sign.

BREAKING: #Binance Founder Changpeng Zhao (CZ) sentenced to 4 months in prison.

Many alts at 1H look very good for a bounce.

But Day candles promise more blood.

Wise to wait at least for another day close, see how market react to interest rates and fed's conference. Or buy the dips deeper.