First, let's introduce TON's background and prospects The relationship between Telegram and TON: 2017: Pavel Durov announced the launch of TON, aiming to create a high-performance, decentralized blockchain network 2018: Telegram raised over $1.7 billion through two rounds of ICO, setting a record for blockchain project funding at the time 2020: The US SEC deemed the TON token sale as a securities offering, forcing Telegram to abandon the project, refund investors, and cease direct involvement, which also led to a massive drop in TON's value Now, TON is driven by an independent community, and Telegram has reintegrated it as part of its ecosystem
After the pump, it dumps. What does that mean? $BTC 🤣
简- 单
·
--
Is 80k the high point for this rally?
Let's start with my viewpoint. Just like I mentioned in the last post, this bounce might very well break 80k; I'll wait for an RSI pullback to go long. After breaking 80k this time, I’ll try to short it. Previous arguments. On the four-hour chart, the Vegas channel is gradually forming a golden cross, which might face resistance and pull back.
There's a trend turning positive in the fees, and longs are starting to stack up. A lot of shorts that accumulated at 80k have already been eaten up.
After filling the 80k gap, the big sell orders are around 84k. It's really hard to reach that level in a bear market.
From the two pictures above, you can see that the upper resistance is very near and the sell orders are strong. The buy orders below are quite far away.
Let's start with my viewpoint. Just like I mentioned in the last post, this bounce might very well break 80k; I'll wait for an RSI pullback to go long. After breaking 80k this time, I’ll try to short it. Previous arguments. On the four-hour chart, the Vegas channel is gradually forming a golden cross, which might face resistance and pull back.
There's a trend turning positive in the fees, and longs are starting to stack up. A lot of shorts that accumulated at 80k have already been eaten up.
After filling the 80k gap, the big sell orders are around 84k. It's really hard to reach that level in a bear market.
From the two pictures above, you can see that the upper resistance is very near and the sell orders are strong. The buy orders below are quite far away.
Last time I mentioned not to short. Bitcoin saw another surge on Friday, and this time it's a bit different from before. Let me explain why.
First, the Vegas tunnel fast line is gradually expanding, EMA12 crossing above the slow line. And the most important thing is the upcoming tunnel golden cross. This wasn't seen during previous breakouts. Have you all noticed the RSI hitting overbought territory? Waiting for the RSI to pull back before finding an entry position. Another thing is the changes in open interest and funding rates.
As open interest rises, the bears are building up. Funding rates are starting to shrink. In other words, those shorting are now accumulating at 78000.
Who brought you to my side? The signals have been called out, and I'm giving you all the entry points. Aren't you going to hit that follow button? $BTC and $DOGE The live session called out some hot plays, but unfortunately, the take profits were hit too early.
简- 单
·
--
Damn it, just diving in might as well be dead!
Even with two divergences, I'm still bullish You wanna know why? Because I'm already bagged 😂 First, let's see Bitcoin has shown two divergences at the top
We're now at a key Fibonacci level of 76458, which is the 61.8% retracement If we break below, it's time to cut losses; this is the crucial level, breaking it invalidates this bullish move Next, from a structural perspective, we've dropped to the bottom of the consolidation zone Can't hold on with 74000 so close Next, let's check the liquidation range
At this position, from 76500 to 76000, there's a lot of liquidity present, so consolidating here seems reasonable
Even with two divergences, I'm still bullish You wanna know why? Because I'm already bagged 😂 First, let's see Bitcoin has shown two divergences at the top
We're now at a key Fibonacci level of 76458, which is the 61.8% retracement If we break below, it's time to cut losses; this is the crucial level, breaking it invalidates this bullish move Next, from a structural perspective, we've dropped to the bottom of the consolidation zone Can't hold on with 74000 so close Next, let's check the liquidation range
At this position, from 76500 to 76000, there's a lot of liquidity present, so consolidating here seems reasonable
Today we saw BTC revisit the gap below. I've been telling everyone to long, long, long for a week now. My long position is still open; as long as it doesn't break 77000, we must aim for 80000!!! $BTC $ETH If you really have to short, I suggest shorting ETH.
简- 单
·
--
The market's pretty dull, but something big is coming! 4-25 Market Analysis
Bitcoin has been consolidating at a high for 4 days; what's the next move? We’re currently in the late stages of this pullback; whether we can break 80k will depend on next Monday's action. Here’s my personal take for now. The candlestick patterns have converged to the max; we’re close to a trend breakout.
If BTC holds at the 77000 level and doesn't break, I'll keep my long position open. If we break below 77000 and the trend continues, it’s a prime time to short. Currently, my trading plan is that I believe we might dip again around the 77000 level. I’ll add to my long position near 77000 if it drops to around 76550. I’ll close my position and go short. Since 77000 is the 50% critical point of this rally, as long as we don’t break it, it’s considered a pullback before the next uptrend.
The market's pretty dull, but something big is coming! 4-25 Market Analysis
Bitcoin has been consolidating at a high for 4 days; what's the next move? We’re currently in the late stages of this pullback; whether we can break 80k will depend on next Monday's action. Here’s my personal take for now. The candlestick patterns have converged to the max; we’re close to a trend breakout.
If BTC holds at the 77000 level and doesn't break, I'll keep my long position open. If we break below 77000 and the trend continues, it’s a prime time to short. Currently, my trading plan is that I believe we might dip again around the 77000 level. I’ll add to my long position near 77000 if it drops to around 76550. I’ll close my position and go short. Since 77000 is the 50% critical point of this rally, as long as we don’t break it, it’s considered a pullback before the next uptrend.
Starting with a small position to test the long! 4-24 Market Analysis
First, let's talk about today's long entry; Bitcoin is at 77500, and Ethereum is at 2313. Right now, I'm just in with a starter position. Now, let's discuss the long strategy. Bitcoin has been ranging all day today; even though there was some news that caused a small dip yesterday, it hasn't broken out. Just like I mentioned yesterday, there will be major fluctuations at this level.
CVD has formed a slight divergence. Also, there are significant long orders accumulating at 75800. The price I'm keeping an eye on now is 77100, as there are still a lot of liquidations happening. If it holds around 77000, I might add to my long position.
Plus, the number of people who went short yesterday has increased.
Short-term pullback has arrived, clear levels - April 23 market analysis
Let's recap yesterday's article; unless something unexpected happens, we should see a pullback. As I mentioned yesterday, don't jump into longs yet.
Now, let's check today's market.
BTC 4-hour candles from April 23. BTC is likely to oscillate within this framework to establish a trend.
From the daily structure, it's pretty clear. The previous resistance has been taken out. After breaking that, the price didn't just drop back but completed a retest before pushing higher. This kind of movement is inherently strong. My bias remains bullish on the longs. Longs might be placed around 77000 or near 76600. Key level to watch is the CME gap fill.