$LINK has been squeezing into a falling wedge on the 4h chart for three weeks: five touches on top, three below.
In the textbook these end with a break up. In real life it only counts once a 4h candle closes outside.
In the textbook these end with a break up. In real life it only counts once a 4h candle closes outside.
Our $ETH resistance area for the weekend is located between $2421 and $2491. To improve the immediate outlook, a break above this zone is needed.
#Ethereum
#Ethereum
"The stock market is a device for transferring money from the impatient to the patient." Warren Buffett
bitcoin in october: running the patience test for 23 days now
$BTC #Bitcoin
bitcoin in october: running the patience test for 23 days now
$BTC #Bitcoin
JUST IN: 🚨🚨 Crypto is dumping
$SOL falls under $100
$XRP falls under $1.30
$ETH falls under $2,350
Bitcoin $BTC falls under $80,000
Over $200,000,000 in leveraged crypto long positions have been liquidated in the past 60 minutes.
$SOL falls under $100
$XRP falls under $1.30
$ETH falls under $2,350
Bitcoin $BTC falls under $80,000
Over $200,000,000 in leveraged crypto long positions have been liquidated in the past 60 minutes.
$ETH is still holding below the April high. As long as this is the case, the downside pressure remains high. Ethereum should ideally reach the main support zone in this correction.
#Ethereum
#Ethereum
Most altcoins won't find their low before Bitcoin finds its own.
That's how I'm reading this whole correction. Bounces in the alts don't mean much to me until BTC turns.
$BTC #Bitcoin
That's how I'm reading this whole correction. Bounces in the alts don't mean much to me until BTC turns.
$BTC #Bitcoin
📊 Is Bitcoin’s four-year cycle dead? Glassnode and Fasanara’s data suggests the market is evolving.
- 💰 Realized cap grew by $737B this cycle, exceeding the previous three cycles combined.
- 📉 BTC’s 34% drawdown came with a relatively small realized-cap decline.
- 🧊 Market froth is lower, with short-term moved coins’ share falling to 21%.
- 🏦 Companies added 268K BTC in a year, while ETFs still hold around 1.3M BTC.
👉 The takeaway: Bitcoin’s market structure is maturing, but improving sentiment signals recovery — not yet a confirmed uptrend.
- 💰 Realized cap grew by $737B this cycle, exceeding the previous three cycles combined.
- 📉 BTC’s 34% drawdown came with a relatively small realized-cap decline.
- 🧊 Market froth is lower, with short-term moved coins’ share falling to 21%.
- 🏦 Companies added 268K BTC in a year, while ETFs still hold around 1.3M BTC.
👉 The takeaway: Bitcoin’s market structure is maturing, but improving sentiment signals recovery — not yet a confirmed uptrend.
#TOTAL MARKET CAP ANALYSIS
The Total Market Cap is retesting the horizontal S/R level, while the Ichimoku cloud is acting as a key support zone, reinforcing the current market structure.
A successful retest and sustained hold above this level could trigger a strong bullish rally across the crypto market.
However, a failed retest and breakdown below this key level could lead to further downside. Keep a close eye on upcoming price action for confirmation.
The Total Market Cap is retesting the horizontal S/R level, while the Ichimoku cloud is acting as a key support zone, reinforcing the current market structure.
A successful retest and sustained hold above this level could trigger a strong bullish rally across the crypto market.
However, a failed retest and breakdown below this key level could lead to further downside. Keep a close eye on upcoming price action for confirmation.
Levels for 9 altcoins this week
$XRP support $1.21, zone $1.11 to $1.29
$SOL support $100, resistance $103.74 to $107.89 $ADA support $0.182 to $0.198, resistance $0.225
$SUI support $0.866
$AVAX support $8.26
$NEAR range $4.30 to $5.60
$ZEC support $1,052, resistance $1,370
$QNT support $174.69, resistance $212.30
$CRV support $0.206 to $0.295, resistance $0.386
Most altcoins won't find their low before Bitcoin finds its own.
$XRP support $1.21, zone $1.11 to $1.29
$SOL support $100, resistance $103.74 to $107.89 $ADA support $0.182 to $0.198, resistance $0.225
$SUI support $0.866
$AVAX support $8.26
$NEAR range $4.30 to $5.60
$ZEC support $1,052, resistance $1,370
$QNT support $174.69, resistance $212.30
$CRV support $0.206 to $0.295, resistance $0.386
Most altcoins won't find their low before Bitcoin finds its own.
🚀 Top Trending Coins (Today)
1. EVMZONE
2. DACITY
3. PEARL
4. BTC
5. STONK
6. NEAR
7. ZEC
8. ETH
9. AAVE
10. SOL
11. VVV
12. SUI
13. PENGU
14. HYPE
15. AERO
1. EVMZONE
2. DACITY
3. PEARL
4. BTC
5. STONK
6. NEAR
7. ZEC
8. ETH
9. AAVE
10. SOL
11. VVV
12. SUI
13. PENGU
14. HYPE
15. AERO
$BTC downside pressure intensifies.
The yellow trendline and the 50-week simple moving average are the next support levels I am watching.
#Bitcoin
The yellow trendline and the 50-week simple moving average are the next support levels I am watching.
#Bitcoin
🚀 Top Trending Coins (Today)
1. BTC
2. QTC
3. BTC
4. PEARL
5. HYPE
6. PENGU
7. QNT
8. ENA
9. CHIP
10. AERO
11. PONS
12. SOL
13. VVV
14. LINK
15. CARDS
1. BTC
2. QTC
3. BTC
4. PEARL
5. HYPE
6. PENGU
7. QNT
8. ENA
9. CHIP
10. AERO
11. PONS
12. SOL
13. VVV
14. LINK
15. CARDS
$BTC
There are two main pathways that I am following on the higher timeframe. In the orange scenario a larger abc-structure is underway.
In this scenario wave b is unfolding now and could even stretch to the October highs of last year and possibly slightly higher in a 3-wave pattern.
However, if pullbacks remain corrective then we may even see a full 5-wave sequence to the upside as per the yellow scenario. Both preferred pathways allow for higher prices in the medium term.
Please note that the main element of the trend is likely wave (3) in yellow, which is the rally that is expected once the correction that started in September is complete.
There are two main pathways that I am following on the higher timeframe. In the orange scenario a larger abc-structure is underway.
In this scenario wave b is unfolding now and could even stretch to the October highs of last year and possibly slightly higher in a 3-wave pattern.
However, if pullbacks remain corrective then we may even see a full 5-wave sequence to the upside as per the yellow scenario. Both preferred pathways allow for higher prices in the medium term.
Please note that the main element of the trend is likely wave (3) in yellow, which is the rally that is expected once the correction that started in September is complete.