$ZEC remains as an overly grinding/choppy coin. It's hard to trade this one on lower time frames given the price action and I think it's better to just buy spot and hold it. I think you definitely get a bounce near the $450 area if btc is stable but ideally we get $400 #Altcoin Season# #ZEC
$PUMP I think that this is the only coin I really want to buy a dip on, hoping I can get a little lower for my bids to fill. It's the only momentum coin on the market right now imo #Altcoin Season# #PUMP
$BTC I think the bottom is nearly in from a time perspective. Price wise we could still dip down to the 50ks but time wise I still think it's close to the end...expecting decent moves by Q4 this year #BTC Price Analysis# #BTC
$HYPE was that the bottom? Honestly hard to say. I still think we can get a chance in the low $50s/high $40s but maybe I'm dead wrong. Regardless, it's 1 of the few coins you can hold for months on end and sleep comfortably knowing the fundamentals are the best in crypto #Altcoin Season# #HYPE
$HYPE Nice moves the last 2 days, maybe a reclaim of the range low? I am out but watching closely and maybe the tradexyz stuff marked the bottom. i still know Loracle is short a bunch but it's still the best project in crypto. #HyperLiquid #Altcoin Season#
$PUMP I think that if we can cleanly break this area then we see 0.0032 ish as long as bitcoin is stable. I'm still just watching since I don't want to buy this area but it's still looking strong on lower time frames #Altcoin Season# #PUMP
many stocks are having really strong moves from the recent lows; equities like $NBIS +40% from 0.50 fib + 200d EMA. I feel like many of these have cleaner moves than crypto right now (didnt buy this one but bought memory lows before / traded out ). $BTC #BTC Price Analysis# #NBIS
$BTC This is the second 2 month chop/ consolidation period we've had for Bitcoin since the start of the year. The last move from 65-83k was the last bit of hope we had but now still just in a range. Honestly pretty boring #BTC Price Analysis# #BTC
$PUMP : Still looks good on the lower time frames but I wanted to talk a bit about the higher time frames- on 1 hand, I think pump is still a great business with lots of 'revenue' (probably a lot of it is fake), a big warchest, and great PMF. It's also got a team that is smart and willing to pivot to new ideas (cross chain, streaming, social, etc).
On the other hand, there are unlocks, and unlocks are going to probably push down any future pushes. Now, you can argue that the VCs are simply waiting for bullish conditions to unload their bags and that's totally reasonable. But still, the overhang is a reason why you will always be a bit worried imo.
I think about some of the older coins that launched in the bear market (thinking 2023) and then started to unlock in 2024. Coins like ARB are a good example- while the ARB token itself is useless, I still think that the perception back then was quite a bit different and arb is still one of the few chains/L2s that has some traction still today. But I just remember ARB pretty much underperforming everything when the bull market really hit in 2024 and I think it's because of VC unlocks (the counter to this is SUI, which had a decent run).
So, great fundamentals + revenue + buying tokens vs. token unlocks. Usually the latter ALWAYS wins this and the buybacks can never overcome the selling...but the timing is always the tricky part about any trade.
Do I think that pump is going to be higher than todays prices when the bull market hits? Probably
Am I scared as hell about these VCs who have their tokens? Definitely #Altcoin Season# #PUMP
$ZEC nice move today but still unsure of where this lands in the mid term. The longer it spends in 1 area (I dont know where), the more bullish I become. I'm more looking for a time based capitulation than price personally.
IMO low $400s would be a good place to start buying for the longer term but its really going to be bitcoin dependent. if btc legs down then this obviously goes with it #Altcoin Season# #ZEC
$ZEC doesn't have a super clear trend to me, just slow grinding up and slow grinding down. I think this one needs to continue resetting but it's still 1 of the better ones you can hold for this cycle IMO. Decent buy in the mid $300s? #Altcoin Season# #ZEC
$HYPE weakness has been very clear and it's lost that $55 region. If we deviate back above it then we're ok but I wouldn't be surprised to see mid $40s at this point. Still a great buy down there imo but there's clearly some big selling going on (duh). Hard to tell what's going on though and I haven't seen too much in terms of big wallets unstaking. #Altcoin Season# #hype
$HYPE I'm still just long HyperLiquid as a trade right now; unsure if it heads lower in the mid term but will definitely be a longer term buyer in the $40s. My invalidation is if it loses this area on higher time frame charts and my concern is mostly that there is just more big selling going on + broader btc market still being pretty choppy. We'll see. #HYPE #Altcoin
$PUMP remains one of the best looking altcoin charts out there. Still sidelined but the level to watch is $0.0022, right around here. 200d EMA also here for the first time in months #PUMP #Altcoin Season#
$PENGU is at a really good level imo. Maybe not the fastest trade in the world but I think your R:R is pretty solid down here + invalidation is pretty clear. I have a bag #Altcoin Season# #PENGU
$BTC 1 day up, the next day down. We're still not going to see any clear resolution until a break of 67k on high time frames w. strength imo. Still plenty of chop to come. #BTC Price Analysis# #BTC
$HYPE I still really like this one in general and it's still fundamentally 1 of the best coins available but it's still grinding down. I think this $53 area is a decent spot to start DCAing in for longer term positions and going all the way down to $45 or so is a plan to consider. It's a bit weird because usually this one does well during choppy environments but maybe there are some big players that are selling, idk. #Altcoin Season# #HYPE