📉 Daily Bitcoin chart review 📈

Yesterday's first target at 23.5k reached within one day ✅ Can't believe it 🤦🏽‍♂️
Good news is that CME gap at 23795 is finally closed - it took 532 days. I remember many of you were laughing about even an idea of possibility for BTC to close that gap, but here we are. And believe me, I'm not laughing back. I never enjoyed being a bearish prophet.

Next CME gap at 18380 - anyone want to laugh and say its not possible? Nothing is impossible in a bear market that last over 7 months now. And I think we should be prepared for 18-20k too. Just as I wrote in January - the worst is yet to come.

🟥 26600 - 27950 - 28380
🟩 23500 - 19900 - 17700

😱 F&G: 11 <= 14 <= 12 <= 13
💩 Alts: 12% < 13% < 21% < 21%

Signals: 🔥 Alts Watchlist 💷 Forex 🐦 Twitter
Discounts: ByBit | Binance | FTX | KuCoin | PrimeXBT| BitGet | Delta | Gate

@WiseAnalyze #BTC #Bitcoin

S&P500 bearish target for the 3rd leg down is reached ✅

Eleven 8H red candles in a row. Not forecasting anything, but in general its a good zone for a bounce. Although I can't imagine stocks recovering back to bull trend anywhere soon.

Decade VWAP is at 3975 and that is hard rock resistance turning stocks index chart into most bearish chart in decades. VAL at 3450 and zone below it down to 2020 Year open at 3236 makes it a target zone for retracement in case 2021 Year open at 3763 will be lost.

@WiseAnalyze #SP500 #Stocks

Using Abra Rewards Card, American Express Introduces First Cryptocurrency Product

American Express (AMEX) is partnering with Abra, a digital-assets services company, to launch its first crypto product.

Users of the Abra Crypto Card will be able to earn crypto for any purchase, regardless of the quantity or category.

With no yearly or foreign transaction fees, cardholders can select from over 100 cryptocurrencies offered by the Abra platform.

Amex shopping, travel, dining offers will be included with the card.

@WiseAnalyze #dailynews

Ethereum core developers decided to delay the “difficulty bomb” for two months, which might mean a longer wait for The Merge (source)

"The market can remain irrational longer than you can remain solvent." Gary Shilling

📉 Ethereum chart review 📈

Just an update for weekly chart. No forecasts. I think you can see the levels and situation pretty clear yourself 👍 Loosing 1200 leads to ~980 in no time. Its not lost yet, as its only the beginning of the week, but good to know.

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@WiseAnalyze #ETH

📉 Daily Bitcoin chart review 📈

Bitcoin wicked down to 20823 - exactly where my 2 days ago red ellipse projection drawing was targeting 👌🏼

Not yet ready to call for the bounce although so far day candle forms a doji. Tomorrow FOMC and we may have a pump before it as it happened in most of the days like this. Regardless their announcement it should be priced in this dump.

Last CME gap at 18380 not yet closed so not calling for the end of correction. Be prepared. Not necessary now. But some day it will be closed.

🟥 23500 - 26600 - 27950
🟩 21900 - 19700 - 17700

😱 F&G: 8 <= 11 <= 14 <= 12
💩 Alts: 17% < 12% < 13% < 21%

Signals: 🔥 Alts Watchlist 💷 Forex 🐦 Twitter
Discounts: ByBit | Binance | FTX | KuCoin | PrimeXBT| BitGet | Delta | Gate | Huobi

@WiseAnalyze #BTC #Bitcoin

Just a reminder to those who are all in crypto - this dump is not because all crypto is scam. The whole global market is shaking. In 5 days S&P500 lost over 10% which is huge. Now dancing around 2021 Year open. Critical level. Wherever price will find acceptance will lead to the next step. If find acceptance above we should see a dead cat bounce that will pass to crypto as well. If find acceptance below - next leg down to 3660 / 3590.

@WiseAnalyze #SP500 #Stocks

BTC dominance pumped to 48.45% 👌🏼 And today jumped out of the window 😅 Guys, if that move continue down then BTC bottomed. At least till BTC dominance find next support. Nearest strong levels on the chart are 45.5%, 44% and 42.9%

@WiseAnalyze #BTCDOM #Dominance

Don't know what stands behind VET stability but it didn't move much on this dump. Stay at the same level where it was in May. And that gives me an idea that wherever market bounce it should be one of the first to pump.

Still one thing is missing - I waited for 65-82 zone to be wicked out and it never happened. So waiting.

@WiseAnalyze #VET

SEC launches insider trading inquiry into crypto exchanges

(source)

15m chart follow up on yesterday's price action in Premium. All the moves spotted with maximum precision 👌🏼 Damage avoided.

📉 Daily Bitcoin chart review 📈

FOMC at 18 o'clock UTC time. Forecasts are very different. Many expect record high hike up to 150+ so don't try to do anything stupid. Nearest days will be harsh.

Last CME gap at 18380 not yet closed. On one hand many wait with longs below that level. On the other - too many big companies (3AC, Celsius, Microstrategy and etc.) are close to liquidation levels and so there must be a real whales war at these levels - many would like to crush those guys in order to buy their BTC at discount and get rid of competitors.

🟥 21900 - 23500 - 26600
🟩 19700 - 17700 - 16180

😱 F&G: 7 <= 8 <= 11 <= 14
💩 Alts: 22% < 17% < 12% < 13%

Signals: 🔥 Alts Watchlist 💷 Forex 🐦 Twitter
Discounts: ByBit | Binance | FTX | KuCoin | PrimeXBT| BitGet | Delta | Gate | Huobi

@WiseAnalyze #BTC #Bitcoin

Brazilian Congressman Introduces Bill To Recognize Bitcoin As A Form Of Payment

Following the introduction of a law recognizing Bitcoin (BTC) and other cryptocurrencies as payment methods by a Congressman, Brazil may see Bitcoin (BTC) and other cryptocurrencies recognized as payment methods in the near future.

To members of Brazil's National Congress, Federal Deputy Paulo Martins presented a thorough legislative proposal that would supplement the country's existing law, with suggested wording that defines crypto as an asset.

@WiseAnalyze #dailynews

📉 Ethereum chart review 📈

Never thought I'd see ETH doing 11 red week candles in a row 😱 Volume is growing very well, so there must be a bounce somewhere soon, but I don't want to guess the size of the dip. Next strong level starts at ~980, after that ~740.

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@WiseAnalyze #ETH

Since there are too many bearish moods around here is a little hopium dose. DXY might be pulling back this week. This should give a relief bounce to crypto/stocks.

@WiseAnalyze #DXY

With a few weeks left until Q3, Bitcoin is on track to have the worst performing Q2 to date.

Celsius appoints Citigroup to advise on possible solutions after withdrawal freeze: The Block

(source)

The show we've been waiting for

https://www.federalreserve.gov/live-broadcast.htm

Update: it's 75 bps. Nothing unusual.

You thought its over? Welcome back to several days of bull market 😎

@WiseAnalyze #DXY