SolChains
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Not much resistance for $BTC until 108k. So now all we are really waiting on is for S&P to break 6k.

I am weary since RSI and 6k S&P had a lot of resistance.
1
Not looking so good. Imo small correction coming for crypto
Not buying this pump in crypto
SolChains
Not buying this pump in crypto
2 reasons. Weekly RSI is oversold + S&P 500 is clearly rejecting/retracing from bullish channel.
Still not buying it
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SolChains
Still not buying it
Spot on call. Crypto pump cannot sustain without s&p confidence.

A little more downside, till we fill the CME gap, and we should pump from there.
SolChains
Not buying this pump in crypto
pay attention, I also explained my reasonings.
92k CME gap
Man, I think sell in May go away might become a reality for us this run. Fractals looking exactly the same as 2021 bull run. Will explain more tomorrow.

The risk vs. reward doesn’t seem that attractive to me, especially BTC.
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SolChains
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Ok then who can make me a PFP then?

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I promised you guys a market update, so here it is.

For the entire market stocks/crypto my outlook is optimistic. 0.786 fib retracement is holding strong for the S&P 500. We are having higher highs, with RSI still having room to go higher. Handle bounces makes this support strong as we are getting many shooting star candles.

Keep in mind, and do not get fooled by RSI. While we are overbought, we can stay in overbought for a prolonged time.

Worst case I see is another bounce from the 0.786, and then we finally break 6000 again.

Once we break 6000, 6500 will be extremely fast. Crypto right now is "boring" hence why NFT's are popping. We are just waiting for a confirmation from the S&P to break 6000 for confidence.

Be loaded up in altcoins. Bitcoin dominance is highest it has ever been this cycle, and what comes up most come down, as I see the BTC.D chart as an oscillator instead of a trend.

AI is oversaturated, SOL memes are too paper hands and diluted.

Strong players i see are SUI, and large cap ETH Memes.