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Bitcoin’s 5 Days of Neutral Price Action
Investors are patiently waiting for Powell’s testimony and June inflation data this week. Bitcoin has traded sideways for 5 days, and we could see some price movement as a reaction to Powell’s testimony today. For now the price is neutral and traders are likely on the sidelines waiting for a bullish or bearish move. BTC […]Read More
Altcoin Market Still Trading Near the Lows
The Altcoin market has traded sideways near the lows for around 4 days. We could see some upside this week especially if we receive positive economic data. For now Altcoins are still trading at a significant discount, and I think it’s a good idea to buy more and wait. We’ve only seen 2 red months […]Read More
Solana Back in the Buy Zone
There are a lot of talks about Solana ETFs getting approved next. In one of my videos with James Ford I talked about the ticker symbol GSOL, which is a Grayscale Solana Trust. I think GSOL is a great way to invest in the Solana ETF prior to an approval. Solana continues to show strong […]Read More
Ethereum Rebounds from $2,863 Support Level
Ethereum has formed a bullish rebound at a key support level around $2,863. We have not seen these price levels since May 15 when Ethereum ETFs were approved. Since then the SEC has determined that Ethereum is not a security, and even though we had a rally to $3,900 the price has dropped back down […]Read More
Bitcoin Slow Rebound Headed Into June CPI & PPI Data
Bitcoin is still below $60k, and has been trading sideways for about 4 days including today. I’d like to see some upside this week, and preferably see a move above $60k sooner rather than later. Bitcoin has struggled to climb above $58,263 over the past 4 days. There’s some important economic data this week that […]Read More
Bitcoin Weekly Candle Close
The weekly candle has officially closed. If Bitcoin closed above $60k the price action would be bullish, and a close around $52k would be bearish. We closed somewhere in the middle around $55.8k, which is not concerning but not bullish either. This upcoming week I want to see if we can start a rally after […]Read More
Altcoin Market Suffers $100 Billion Swing
After 17 days of sideways price action, the Altcoin market suffered a $100 downswing and has already rebounded by $50 billion. The daily candle is trending to have a bullish rebound, and I think we will climb back up to $600 billion market cap over the next few days. This feels like the final shakeout, […]Read More
Ethereum Retraces Back to Pre-ETF Levels
Ethereum had a nice rally after spot ETF approvals, but there has been a lot of delays with actually listing these ETFs so that they can be traded on the market. Ethereum has lost all of its gains through this multi week downtrend, and has formed a strong rebound off this red support line around […]Read More
Bitcoin Maintains Bullish Structure Despite Selloff
Bitcoin has shown several weeks of weakness, and we’ve kept wondering whether the $60k support level will continue to hold. Of all the days Bitcoin decides to have a steep decline on 4th of July. Losing $60k support is not ideal, but there are a lot of buyers at $60k and there will definitely be […]Read More
DEEP Selloff at $0.095
DEEP experienced a 900% rally in the first week of launch. There is a correction forming for DEEP as Bitcoin and Altcoins experience a pullback. DEEP is down 20% so far today, and this could be a buy opportunity for those looking to add more. I prefer to buy around the yellow trendline, which gives […]Read More
SUI Loses Support in the Channel
SUI has lost support in this light blue parallel channel, and has experienced a selloff as Bitcoin has dropped this week. I think SUI could form a bullish rebound around $1.90, but it is important to keep in mind that SUI is trading near all time highs. There has been resistance around these highs so […]Read More
Lots of Red for Bitcoin Despite Bullish Weekly Close
Last week Bitcoin formed a bullish weekly candle close above the 7+ month bull flag. However, I would like to see some continued buy volume to confirm a bullish breakout. So far we have seen a lot of selling to start off the week. I think Bitcoin is trying to form a bullish rebound around […]Read More