$ETH $BTC $SOL Thursday stayed mostly flat, with most altcoins seeing deeper corrections before a strong bounce going into Friday. Bitcoin tested its local highs at $68k, with a break potentially coming today. Friday has been the top % day over the last 30d. We'll see how market shapes up over the weekend. Weekly watchlist will be posted on Sunday as usual. Make sure to read up on all updated setups!! Have a good weekend and trade carefully!!! #MemeCoinTrending #SCRSpotTradingOnBinance #USRetailSalesBoost #TeslaTransferBTC #BinanceLabsInvestsLombard
$ETH 's IMPORTANT UPDATE 🚨 inverse chart is breaking below the 4H support (pink zone) + the Quarterly VWAP on 4H, a 4H close below would be very important to send $ETH back to $3500 zone.
The chart is literally a textbook setup in terms of price breaking below trendline impulsively, giving a bearish retest and falling back down, complete textbook move.
I understand that $ETH is lagging alot in comparison to $BTC but you are missing the bigger picture. Grayscale Ethereum fund has seen more than $1.5B in outflows already and they only have $9.2B in total. At this pace, the outflows will be exhausted in around 2 weeks only and then you'd have the same playbook we saw in case of $BTC, $38K - $72K ✅ #BinanceTurns7 #ETH_ETFs_Trading_Today #VanEck_SOL_ETFS #ETHETFsApproved
$ETH Analysis+Signal 🚨🚀 1. ETH has been a slow downtrend for June, but it has began building a range as it finds levels to stabilize on. I believe ETH will build a solid higher low here as we approach the ETF listing
2. Keep in mind once the ETFs are listed, Grayscale will go through selling pressure as the ETFs rebalance due to fee differences. This will lead to a corrective period post listing.
💸 My main scenarios for this week:
1) Look for a breakout of the trendline as price crosses $3500 which should a breakout towards the $3585 and $3670 level. I do expect ETH to outperform BTC for such a move, hence the high targets. Speculative to say but a local top could align with the ETH ETF listing rebalancing with Grayscale, which will bring selling pressure.
2) Look for a breakdown of the recent support at $3350, this could lead price to move lower and retrace the approval pump. Good levels below are $3280 and $3160.
For when the listing happens, look for ETH to begin correcting as it rebalances, this will be more of an event based trade rather than level based trade. I am unsure where this local top may form or how much the market will move up before this. #ETH_ETFs_Approval_Predictions #ETHETFsApproved #CPIAlert #eth ======================
$BTC Analysis + Signal Alert 🚨 1. Bitcoin began the week by continuing a strong move down as the selling pressure ramped up. Price reached supports down in the 58k area, where a gap was filled from the last major bounce and then price found stability above the $60k level. This week is setting up well as we are reclaiming major resistance at $62k, this reclaim is leading to a major bounce across the market.
2. The summer seasonality has made things more difficult for trading conditions, but market is still able to give us these range moves to play, level by level.
3. Now that the Halving is in, focus your power on any upcoming uptrends. It won’t beanything instant but it could take weeks to month to begin really pushing.
My main scenarios for this week:
1) Look for a breakout of the $62700 level for a move back towards the mid range at $65k. Good targets as we flip this level are $63300, $64100, and the mid range at $65k. Anything higher than the mid range could begin a move into the higher bound of the range, which is still speculative, so I will not play that yet.
2) Look for a breakdown at the $60k level as that is where the unprotected lows stand, this level is where a larger move down could begin. A breakdown at the $60k could lead to a move down to supports at $59200, $57300, and $55800.
$SEI Guide For a Long/Short Trades 💸🚀 1. SEI saw good resistance at the $1 level once again, and deviated the whole move it had. Since then, it fully retraced the whole range and revisited the yearly open. We are currently under the yearly open as we are looking to begin the week. Unless reclaimed at some point in the week, this doesn't look the best.
2. SEI did break the flag with good momentum. It has been retracing since touching the yearly open but could be setting itself up for a retest and continuation.
3. For a long position, look for SEI to break the yearly open at $0.5602 as it breaks out of the flag, under that and there is no bullish scenario. Good levels on the way out of the bull flag are $0.625 and $0.67.
4. For a short position, look for continued acceptance below the yearly open, with a breakdown near $0.46. Good targets are $0.42 and $0.38. Similar to TIA, this is a new coin so downside volatility is most definitely going to be more violent. ===================================== #altcoins #sei
$AR Price: $43.54 Market Cap: $2,850,329,427 1 Month Performance: 26.78% 1 Year Performance: 526.70% All-Time High: $91.25 Arweave (AR) is a decentralized storage protocol designed to revolutionize the way data is stored and preserved in the digital world. Unlike traditional storage solutions, Arweave leverages blockchain technology to create a tamper-proof and permanent archive for information. It operates as a layer on top of existing blockchains, providing a novel approach to long-term data s
$FTM Guide For a Long/Short Trade 💸 1. FTM has seen nice price action in the recent weeks as news about its Sonic upgrade have come out. This could lead to an exciting wave for FTM and other sympathies.
2. FTM is retesting previous range highs around $0.78-$0.80. This retest is solid to keep the uptrend moving into the $1 level.
3. There is a solid wedge that has formed here, which I will use to trade this week.
4. For a long position, look for FTM to breakout from this wedge and cross the $0.85 level to see it keep climbing. Good levels after that are $0.91 and $1. A cross of $1, or a daily close above it would spark a larger uptrend. This is a very exciting coin to keep an eye on.
5. For a short position, look for breakdown of $0.75, which would invalidate the recent move back up from range lows. This would be followed by a breakdown into the $0.73 and $0.665 levels.
$ARB Guide For a Long/Short Trades 💸🚀 1. ARB spent some time consolidating and trading around the $1 mark. This led to a trendline forming which was broken as ARB pushed with ETH. ARB is an ETH beta coin and saw some good movement as it reclaimed the monthly open.
2. For a long position, look for ARB to continue past range highs, the breakout level is $1.25. Past the range highs, ARB should easily reclaim prices at $1.316 and $1.38.
3. For a short position, look for ARB to breakdown at $1.074. If this develops, it would invalidate the recent breakout. Good targets are $1.02 and $0.95.
$INJ Guide For a Long/Short Trades Don't Skip Folks Its Free 💸 1. Injective saw a strong breakdown as it was rejected from the yearly open. This led us to drift towards the range lows near $31.30, which quickly were lost as we broke down from $30. This led INJ to flush down to the previous range highs at $18.60.
2. It’s been consolidating really well and just formed a good retest on the trendline, this could be looking to breakout higher this week.
3. For a long position, look for INJ to hold the trendline, this will be decent to start seeing a move back towards range highs. INJ has struggled approaching $30, seeing such a move would be a display of strength. This would lead us closer to levels such as $25.40, $27.50 and $30.00. Any higher will go for that $30 breakout.
4. For a short position, look for price to breakdown of the $23.70 level, this will confirm a move towards the low of range. A breakdown of that will confirm the price moving to $22.00 and $20.50.
📜 Let me know if you want me to read charts any of your favorite coin #MtGox #inj #Injective🔥 ======================
$SOL Guide For a Long/Short Trade 💸🚀 1. SOL saw a good pump into the $180 area but then spent the last 2 weeks retracing into previous range highs, which we are about to hit. I do believe that a retest around $158 will present a good opportunity for longs.
2. SOL has formed a very nice wedge here, I would like to see a retest of previous range highs and then a breakout of this wedge.
💸 For a long position, look for a retest of $158. A successful retest would confirm a continuation of the recent uptrend and price will move towards $170 and $182. With the wedge in the way, SOL does look really good for a continuation. In the long run, this retracement is a solid pullback to confirm a continuation for SOL to move up towards its ATH of $260. We may set a consolidation range before that breakout 💸 For a short this week, look for price to return under $158. This could invalidate the recent breakout, and the breakdown of $158 could reach these levels at $152 and $145.
5. Ultimately, I believe SOL is on the right track to recovery, with on chain data looking positive again. We will see how this ends up playing out this quarter. The first breakouts will be important to lead price in the right direction. =========================================== #sol #MtGox #StartInvestingInCrypto
$BTC Analysis For Beginners For Their Perfect Trade 💸📈 1. Since our range deviation below $60k, price was able to make its way back to range highs as we got the ETH ETF news. Bitcoin made its way to the $71400 level before finding resistance. We’re currently waiting for more developments on the ETF, but for this week I do expect a major move into range highs, potentially forming a new ATH, but no major breakout out of this range. For this summer, I do not think we will begin a major run until later in August.
2. Now that the Halving is in, focus your power on any upcoming uptrends. It won’t be anything instant but it could take weeks to month to begin really pushing. My main scenarios for this week:
1) Look for a breakout of the triangle as we reclaim the $69200 level. A strong reclaim of $69200 and later the $70k level could lead us to major levels at $71400 and $73600. The $75k level could be used as a major psychological level if we step out of the range, forming a potential deviation. Speculative to say but this top could align with the the ETH ETF rebalancing with Grayscale, which will bring selling pressure. 2) If price consistently stays below the November 2021 ATH at $69200, then expect a breakdown of $67000 and a move towards $64850 and $62500. This would mostly invalidate the recent breakout and will let us consolidate more w within this macro range.
$LINK Guide For Beginners and Experts Make money with me Folks 💸📈 1. LINK made an awesome move from the range lows as news came out about LINK completing important partnerships for RWA related programs with the DTCC and 10 other firms.
2. We did break the yearly open on those news. This coming week could see a full breakout
fo this range and a return to previous highs as LINK continues to push. 3. We’ve returned to the pre dump level on LINK and price could spend some time consolidating, so LINK could be an underperformer relative to other coins we can trade.
4. For a long position, look for a small dip to long. This will be a good opportunity to grab some before a continued push out of the range. Once LINK breaks $17.75, price will move towards previous levels at $18.40 and $19.30.
5. For a short position, look for this move to start fading and potentially return to the yearly open at $14.942. A breakdown of $16.40 is ideal to make a move to the yearly open. As price accepts below $16.40, good targets are $15.60 and $14.94. #LINK🔥🔥🔥 #link #ETHETFsApproved =================================================
$MATIC For Beginners Guide Read it💸📈 1. MATIC has had a really good uptrend, but not the best performance out of many large caps as it has struggled breaking past key levels. The recent top was put in at the exact level where the pre FTX collapse highs were on November 7, 2022.
2. MATIC’s flush from accepting under the yearly open led it to previous highs support at $0.65. Very steep correction for this coin, and I am unsure of the performance in the mid term or long term, as MATIC has not been an incredible performer.
3. The range we’ve been building has been good, as it provides a clear path for either direction. We did see a fakeout of the highs, but still sitting above monthly open.
4. Polygon has also started a major rebranding of MATIC to POL, and have been announcing some other technological advancements for the project.
5. For a long position, look for a breakout of range highs at $0.75 as MATIC could begin to climb back up from this drop. Good levels here are $0.783 and $0.835.
6. For a short position, look for a breakdown of $0.685, the monthly open stands at $0.6672 use this to confirm a close below to begin moving lower. This will lead to another move down into the $0.63 and $0.593. #MATIC✅ #matic #ETHETFsApproved =================================
$AVAX Alert Folks Must Read Graph 💸📈 1. AVAX got close to reattempting the $30 level with the previous wick lows standing there. It’s recovered nicely from those lows and is back near the yearly open. Price stepped above it for a little bit but is now retesting the most recent breakout trendline.
2. Whether this happens now or in 3 months, I believe these large caps will be great trades
to make into the second half of the year. 3. With this trendline retest, it should be pretty easy to see AVAX validate a breakout or stay within this range.
4. For a long position, look for a reclaim of the yearly open at $38.57 followed by a move towards the previous range highs around $44. Under $44, I don’t expect AVAX to do much. If AVAX reclaims the yearly open, expect a push to $41 and $44. The retest of the current trendline should act as a good confirmation for this breakout staying possible. Below it, look for a breakdown.
5. For a short position, look for a firm breakdown of the $35 level, which will lead AVAX to the monthly open at $32.71 this would invalidate the recent uptrend and give way for a breakdown of the monthly open, with support levels standing at $28.75 and $26.50. #avax #MtGox #StartInvestingInCrypto #ETHETFsApproved #AVAX✅ =====================================================================
$BTC Alert 💸 This is as simple as it gets, here are our cues for the coming days to follow. The triangle is still intact, we've played a lot with the bottom trendline, but still intact. We've tested the November 2021 ATH at $69200, an important level to flip, but so far have rejected it. We are still hanging around the weekly open, but no major confirmation.
With the recent rejection, sellers may prove to have more control, unless a breakout pops up, which then indicates clear control by the bulls. We will know how this resolves over the weekend.
Look for a breakout of the triangle as we flip $69200 for a move up, or a breakdown of the $67k area as we break the triangle to the downside for a larger move down. #ETHETFsApproved #MtGox #BTC☀ #altcoins
$BTC Bitcoin has been playing around since last week's pump off the ETH ETF news. ETH has seen relatively good strength against BTC throughout the development of this range. For today, I do see price continuing to consolidate between the triangle that is currently forming. This pattern is not entirely confirmed but I do see a good chance it develops in this way. We will have much greater definition over the next 48h. Main invalidation for today is if we just break below the support trendline and the market sends lower as we break the $67k level. Keep an eye on the daily watchlist levels and focus on any news that can come out! #ETHETFsApproved #btc70k #BTC☀ #Megadrop #MtGox
$ETH : Ethereum Broad Market Analysis 🚨 1. With the SEC’s full pivot on the ETH ETF, approval was granted for the ETFs’ listings. They could come as early as Tuesday when the stock market opens. ETH reacted accordingly by fully breaking the range it was in and pumping over 25% this week.
2. This coming week will be interesting to see ETH strength continue as ETHBTC reclaims major levels and the narrative for ETH comes back.
3. Keep in mind once the ETFs are listed, Grayscale will go through selling pressure as the ETFs rebalance due to fee differences. This will lead to a corrective period during June.
4. The large wedge did succeed.. Such a large move was present within the chart. 5. My main scenarios for this week:
1) Look for a continuation past the most recent highs around $3950, this should give way to break $4000. ETH could reach new highs within this range before entering that rebalancing period. Some interesting levels past $4k are $4080 and $4160. Just like the BTC ETF listing, a local high could be formed on the listing.
2) Look for ETH to begin correcting as it rebalances, this will be more of an event based trade rather than level based trade. Price could top out a little higher than the local highs from March. Once a reversal comes in, look for acceptance below $4000 and for price to correct down to important supports at $3720 or $3580. #ETHETFsApproved #ETHETFsApproved #FIT21 #altcoins #btc70k ===================================================================
$BTC Analysis + Signal 💸📢 1. Since our range deviation below $60k, price was able to make its way back to range highs as we got the ETF news this week. Bitcoin made its way to the $71400 level before finding resistance. We’re currently waiting for more developments on the ETF, but for this week I do expect a major move into range highs, potentially forming a new ATH, but no major breakout out of this range. For this summer, I do not think we will begin a major run until later in July or August.
2. Now that the Halving is in, focus your power on any upcoming uptrends. It won’t be anything instant but it could take weeks to month to begin really pushing. These uptrends will be a lot more violent, and pullbacks will be too. 3. My main scenarios for this week:
1) Look for a move into range highs as price reclaims $70k, a strong reclaim of $70k could lead us to major levels at $71400 and $73600. The $75k level could be used as a major psychological level if we step out of the range, forming a potential deviation. Speculative to say but this top could align with the the ETH ETF rebalancing with Grayscale, which will bring selling pressure.
2) If price consistently stays below the November 2021 ATH at $69200, then expect a breakdown of $67000 and a move towards $64850 and $62500. This would mostly invalidate the recent breakout and will let us consolidate more within this macro range.
$BTC Fundamental Analysis 💸📈 1.Last week I covered the Weekly-Monthly Seller Exhaustion Composite, this metric helped us visualize points in the uptrend where Bitcoin was oversold. The composite between weekly and monthly data gave a signal that showed up at areas where Bitcoin had major capitulations, which put in local lows.
2. This week I am covering the Long-Term Holder Spending Binary Indicator (7D-MA), provided to us by Glassnode. This metric uses a 7 day moving average for LTH Spending, which is the orange signal going through the chart.
3. We can notice an important inflection point in recent months, that being when the Bitcoin ETFs got listed. The trend rapidly reversed as Bitcoin began getting gobbled up by these ETFs, leading to a decrease of 933k BTC. This buying pressure from LTHs led to price increasing.
4. This metric will be important to notice the start of major trends, and the area where the bull market will top out.
5. As the signal rounds out around bull market highs, we will begin to notice the signs of the market rolling over, and the bull market will evidently peak out. #BTC☀ #ETHETFsApproved #FIT21 #btc70k #PEPE
$BTC $ETH $SOL $ AVAX 📉📈🚀 Hope you all had an amazing weekend!! Market will be closed Monday but crypto continues on. Expect a good amount of volatility as we begin the week. We are likely to get news about the ETH ETF listing as early as Tuesday. So watch out for more price action by then. Make sure to play around news because playing around levels will be difficult. ETHBTC and memes are continuing to see strength, stay long strength until the market sees any reaction around the ETF. The weekly watchlist was posted as usual on Sunday, make sure to read up on it and read the updated ideas and setups. This week should be a good one, so gear up well! Have a good week and trade carefully!!!