CRYPTO MECHANIC

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The crypto market is very close to coming out of its bear market.
Bitcoin and the major coins are almost back to their previous highs.

A few weekly closes above these highs and the downtrend could be over.

Bitcoin's weekly trends are very reliable. Each time the price comes out of a weekly downtrend, it usually starts a new bull market.

If you missed this week's move, this is the time to wait and see whether the price gives you a confirmed trend shift or not. You may miss a little more upside, but understand that if a bull market starts, you could still have months of upside ahead.

I have attached some screenshots to give you an idea.

$BTC
Up another ~10% after that range breakout
Price is now entering the premium zone.
Will it get a rejection from here? i don't know.

But the price is now at a point where if it continues moving higher, ideally some weekly closes above the last high, The crypto market will enter bull market.

Interesting times ahead..!

Bitcoin will stop going up only if you stop shorting it.

Big zone for $ETH here
This is what keeping the high timeframe downtrend intact

Not a right place to chase it in my opinion let it breakout of it, once the structure shifts dips will become a buy opportunities and there will be plenty of room to play with.

$ETH moved over 20% in just 2 days while Bitcoin moved ~10%.

During the livestream I shared my thoughts on why do i think Altcoins like ethereum could do well in the next bull market cycle.

Watch from 41:30 minutes.

This is just one reason i will try to share an article.

$BTC
The breakout zone is our Bias line now.
As long as price holds above it, Bitcoin is bullish.

When you miss a trade, I think instead of crying about missing the move, it's always a good idea to open the chart, go through every timeframe, and ask yourself: Was there actually a trade setup?

If there was, then ask yourself how you could have captured it so you don't miss a similar opportunity next time.

When it comes to the chart, there wasn't any obvious setup that clearly signaled this move. But there were some psychological and market positioning clues you could use to position yourself for it.
That requires a good understanding of the market, and someone new to trading may not be able to recognize these things.

A few things that stood out to me:

- The market wasn't responding to Saylor selling.
-BitMart, BitMEX, AscendEX, cold wallet hacks... there was plenty of bad news, but the market didn't even flinch.
-Many traders were positioned for a bearish August and a final BTC capitulation in Q4.
-Traders who shorted when the price closed below the 200 SMA had what looked like a clean setup.

Around $2.7 billion in shorts got liquidated, which tells you a lot about how the majority was positioned.

You don't have to catch every move in the market. Sometimes you miss a move simply because there wasn't a setup that fit your system, and that's completely fine. In fact, when you miss a move, you can sometimes learn more from studying it than you do from a winning trade.

The market isn't going anywhere. If this really is the start of a bull market, there could still be 2–3 years of upside ahead.

Missing one move doesn't mean you've missed everything. Learn from it, stay patient, and wait for the next setup.

When did the last time $ETH was up +20% in a day?

$2.5B in shorts wiped out in just a few hours

Don’t open blind shorts only because you missed the move..!

🚨Trump: CFTC working to bring Hyperliquid into the U.S. in a legal fashion.

$HYPE pumped on the news.

But there’s an interesting part of this:

If Hyperliquid wants to operate legally in the U.S., regulatory compliance could mean KYC requirements and other restrictions.

That would be a major development for an exchange that has built its reputation around being decentralized and permissionless.

Biggest Bitcoin Short Liquidations Since the Top of $126k

Bitcoin attempting a breakout.

On Monday, I said we could see some volatility this week. I didn’t want to guess the direction because when the price is ranging, you never know which way it could run.

Many traders got liquidated.

* Traders who were positioned for a bearish August and a BTC final Q4 capitulation.
* Traders who shorted when price closed below the 200 SMA. It was a clean setup for them.

One of the largest short liquidation events in recent history

Things will get pretty clear if the price manages to hold above this breakout.

A failed breakout could lead to much more downside because it wiped out many shorts, and some fresh longs may have entered after the breakout.

Bulls should not lose momentum.

The market makers heard us 😂

Well finally some volatility

I briefly discussed $BTC in live.

The stream is recorded you can watch the replay here 👇

BTC discussion start at 8:15 minutes

First pullback on memory/Ai stocks after that Rally.

Lets see where it ends. I played the move from the lows, Not in a rush to get in again but will definitely keep an eye on these.

Found this in my old screenshots 😂😂

One candle is never enough