$BTC
Need a higher high to be made above $65200 level; that would be a confirmation about downtrend break!
So far #Bitcoin has seen LL’s and LH’s
We need first HH for higher timeframe comfirmation.
No fresh +ve $BTC flows for Blackrock ETF since 27th Aug; If they are not buying that indicates less interest for now!
Chopsolidation continues…
Blackrock actions matters now for #Crypto
Bitget Futures, ByBit USDT, KuCoin Futures, OKX Futures
#1INCH/USDT Take-Profit target 1 ✅
Profit: 17.6883% 📈
Period: 10 Hours 35 Minutes ⏰
$ETH
At resistance right now!
Pullback from here will be nice; where we can look for a long entry.
Or, reclaim of the dotted line resistance on daily candle close basis will be nice for long entry confirmation.
Binance Futures, Bitget Futures, ByBit USDT, KuCoin Futures, OKX Futures
#SOL/USDT Take-Profit target 2 ✅
Profit: 28.1967% 📈
Period: 6 Days 12 Hours 58 Minutes ⏰
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$BTC
Won’t be surprised if we get a pullback from current levels; most likely a buying opportunity.
On flip side, if #Bitcoin clears the green resistance zone, we are heading towards new ATH.
Well, Enough of bad news!
Now, the good news is that the month of October has been one of the most bullish months (2nd best in terms of % returns) for #Crypto ; Average returns of 22.90% historically!
Waiting patiently for UPtober💥
Expecting trendy market once chopsolidation ends in Sep’24.
My original plan was a long from $58500 level, which by the way is playing out perfectly, however so far the strength has not been great, hence I am cautious.
$BTC
That was an amazing move in #BTC
Recovery that fast was not expected, however $BTC does unexpected things always..
Now, whats next?
I expect some pullback $58500 levels and then there we can plan a long entry. Right now #Bitcoin has reached the breakdown level from where the crash started; hence it must act as good resistance.
Let’s see how things unfold.
$BTC
I don't think bottom is in yet. Why?
In past, every time the weekly bottom candle was made, it had huge volume (On Coinbase)
Current weekly candle (6 days to close) does not have the volume as yet.
It's early to reach to any conclusion.
Hash ribbons has been one of the most accurate indicators available for Free on TradingView.
Read more about it on my twitter (X) post.
$ETH [Update]
$ETH bullrun isn’t over yet!
2W RSI was saved and didn’t close below 57 RSI levels.