CRYPTO MECHANIC

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Alts are dropping like the interest rate decision is for the crypto market, not the US.

Thoughts on Fomc bros?

We go up or down?

$BNB has a better looking chart than most other majors.

If you want to see how price should react after a fakout.

For example: BTC $84k fakeout

$SOXL is the most recent and perfect example.

Price broke below the low with volume
Sellers jumped in
Shorts piled in
Price reclaimed the low and squeezed the bears with a 15% move up.

When price breaks a major low and reclaims it, it traps the traders and you expect the price to squeeze them with a counter really.

The faster, The better

$BTC
Back in the range.

Sellers are trapped below $80K and the range lows. If they’re going to get squeezed, it will be from here.

Today is fomc so the volatility will remain there.
That last low is the invalidation of this idea.

Bears are so weak

I took some profits here on $HYPE
Will keep the rest for more upside if there is any.

$HYPE
Great move from the lows, While the whole market was weak, we found the next runner 🤝

It is now Approaching the first area of resistance.

FED interest rate decision is due on Wednesday, 90% chance they will keep the rate unchaned.

$ZEC

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$HYPE
Nice reaction after that Daily SFP. 🤝

$BTC
Bears are trying to push BTC below $80,000, but bulls are somehow managing to defend it. However, that's not enough.

There are heavy sellers sitting around $81,500–$82,000, and BTC has faced significant selling pressure in this area.

If bulls can somehow reclaim this zone, we'll have some confidence that bears might be trapped below $80K and Bitcoin could push higher.

But until that happens, BTC is still looking weak on the lower time frames.

Bear are so weak, can't even hold $BTC under $80k

LTC is usually one of the last things to pump before the whole market tops.
You all pumped it, and everything topped after that day 😂

Better days will come.

The voting competition is entering into the final days, this is where we need to give it a final push.

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A lot of you requested high timeframe views on different altcoins, and I shared some charts on my profile as well. I tried to cover as many as possible, especially the ones that were requested the most.
But let me explain the bigger picture.

Most altcoins are currently sitting at their high timeframe support levels. By high timeframe, I mean the weekly chart. These levels could be weekly demand zones or the previous weekly lows from where the market made a move up. Technically, these are important zones.

Some altcoins have already broken their lower timeframe levels, and you want to see them quickly reclaim those zones.

Now, here's the thing. I think this week is going to be important, and next week will be important as well.
We have FOMC this week, along with earnings from some major stocks. It's important to watch those earnings because, obviously, they can affect the crypto market as well.
Then next week, we have the US midterm elections.

Ideally, what you want to see is the market showing strength this week or, at the very least, next week. Even if we get a pullback, price should be able to quickly reclaim those levels.

I'm talking specifically about the coins that are currently sitting at important high timeframe zones. And for the coins that have already broken their levels, you want to see them reclaim and hold those zones again.

At this point, we could either see some good bounces or another round of pullbacks. It's a 50-50 scenario, and you don't want to bet heavily when things are this uncertain.

When October started, I also made multiple posts saying that I wasn't expecting the market to do anything crazy because it had already been moving up for two or three months.

So, good luck. Watch what price does, and don't over-risk.

GOLD
Sitting at a key high timeframe zone and the psychological $4000 level.
I think this week will be the decider for what price wants to do next.