CRYPTO MECHANIC

$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.

Tap here 👉🏻 Vote For Cm

Thank you for your every day support ❤️

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.

$XRP

My last update on $XRP was back in August, and price hasn't really done anything since then except slowly bleed.
I still don't see anything interesting on this chart.

$PUMP High Timeframe View
Price is trading around the weekly demand zone, which is also an important zone structurally.

A lot of you ask me about $QNT .

Unless it does something again, I have nothing to say about it. We’ve all seen coins print one good candle and then slowly fade all the way back to zero.

Give it time.

$ENA High Timeframe View

Price tapped the weekly demand zone and bounced. As long as it holds above this zone, the HTF chart looks fine imo.

Price is also holding the lower timeframe zone it needs to hold, so overall, this is not a bad-looking chart compared to other altcoins.

$0.2260 is the key LTF resistance to break. Above that, it should just fly.

$NEAR High Timeframe View

Chart looks fine. Price has been going up for weeks and is now pulling back, and I missed this whole run. Lol

$3.2–$3.6 could be a good zone to get some if price gives.
Key resistance: $5–$5.40

$SOL High Timeframe View

Price is currently trading around an important zone. Bulls should not lose this level imo.

$TAO High Timeframe View
Price is currently trading around the weekly Demand zone

I had this one in my portfolio as well, but price has been failing to show any strength.
Overall market weakness could be the reason, but I wanted to see it hold above those daily highs, which it failed to do.

I exited my trade last week as price kept failing to break any highs.

$SUI High Timeframe View

The weekly chart still hasn’t given us a market structure break, which keeps it in a HTF downtrend overall.
Lower timeframes aren’t looking good either, with price breaking below the lows.
Bulls need to reclaim $0.95 at least.

$ETH High Timeframe View
The weekly chart still looks fine as price is holding well above the $2000–2100 zone.
But lower timeframes are starting to look meh after price broke below the lows.

Bulls need to quickly reclaim the $2380 zone to avoid a deeper pullback.

Good morning 🫡

Buckle up guys, stocks are down so orange man is thinking to do something.

$HYPE Sitting at support with potential Daily SFP.

If it’s going to bounce, this could be the spot.