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CryptoBullet
$ETH update So far so good πŸ‘€
$ETH update

The curve is broken ❌

Currently testing the Key S/R level

It’s Do or Die here. Bulls have to hold this horizontal, otherwise it will get nasty
CryptoBullet
Here it is πŸ“‰πŸ˜Ž $ADA broke the support and plummeted as expected
$ADA Macro chart update

It was a nice mid term bounce, but $ADA didn't manage to regain the horizontal (prior support)

$ADA is back on track towards my Target Zone ($0.12-0.17)
CryptoBullet
#BTC broke the Upward Channel on the weekly. Mid term trend change confirmed πŸ“‰
πŸ“20 days ago I warned you about the trend change on #BTC πŸ“‰

What do we see now? #BTC broke the 200-Week MA. MACD crossed bearish

Moonboys in disbelief 😭
#BTC 1W 2019 v 2023 comparison

- Same Echo Bubble.
- Same Breakout Candle.
- Same 147 days of uptrend until MACD crossed bearish.

Probably nothing
CryptoBullet
#BTC 1W 2019 v 2023 comparison - Same Echo Bubble. - Same Breakout Candle. - Same 147 days of uptrend until MACD crossed bearish. Probably nothing
In 2019 #BTC rallied 360% and this year we have seen a rally of just 100%. Why? πŸ‘‡

In 2019 #BTC’s Market Cap was around $70B at the bottom.

In January 2023 #BTC’s Market Cap was $330B.

Feel the difference?

πŸ’‘ As an asset gets heavier, more capital is required to move it (diminishing returns). This is why I think we didn't get the same +360% pump, only +100%
Very important 3 days πŸ‘€
CryptoBullet
Very nice weekly close on the $BTC Dominance! First bearish engulfing candle in a while 😏
Painful breakout on the $BTC Dominance πŸ˜“

Yes, there’s a potential bear div, but it’s not confirmed yet so nothing to talk about
CryptoBullet
Very important 3 days πŸ‘€
Nice! CPI is lower than expected
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CryptoBullet
Very important 3 days πŸ‘€
⚑️Federal Reserve keeps interest rates unchanged

Good, but no surprise here
#BTC 1D chart

My expectations for the next few monthsπŸ‘‡

I still think the Key Support will hold for now and we’ll see a Relief Rally (Bull Trap) this summer

πŸ’­ Eventually the Support will break and #BTC will most likely drop below its March low
⚑️ $10 trillion BlackRock officially files for spot #Bitcoin ETF

Good news. Maybe by 2025 the SEC will approve it lol πŸ˜‚
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One more #Bitcoin ETF application

This time Bitwise refiles for Bitcoin spot ETF following BlackRock

Are we back in 2018 or what? πŸ˜‚
#BTC 1W
So, we have a whole weekly candle open & close below the MA200 😬🚩

However, I like the shape of the candle (bullish Hammer) and the fact that #BTC held the EMA21, but what we can get is just a bounce imo

There’s a nice Falling Wedge which should breakout soon. Target on the chart 🎯
$XRP Macro Chart

Striking resemblance between the current and previous cycles

I think $XRP will lose its main Support line like it did back in 2019 πŸ“‰

🎯 Downside target is $0.22 (conservative)