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BTC Trying to Rebound off the Bull Pennant
BTC has been in a downswing after a rejection at previous all time highs in the yellow zone. Yesterday I discussed how the white trendline from the bull pennant could be a short-term support target. There was a wick down to this white trendline, and BTC has been forming a rebound so far. I think […]Read More
Ethereum ETFs Approval: Possible Bull Run But Still Uncertain
The cryptocurrency market is abuzz with speculation as the potential approval of spot ether (ETH) exchange-traded funds (ETFs) in the U.S. seems to be drawing near. Although, not long ago the overall sentiment regarding such approval was not very bullish, now everyone seems to be very hopeful and are seeing this anticipated regulatory decision as […]Read More
Ethereum ETF Decision Today
The SEC will make a decision for the spot Ethereum ETF today, and rumors are that the decision will be announced around 3:45 PM EST. This was the time that the spot Bitcoin ETFs were announced in January. In terms of price action, ETH formed a wick into the yellow zone reaching as high as […]Read More
BTC Continues to Drop Headed Into Today’s Ethereum’s ETF Decision
BTC had a rejection at the yellow zone, and has been experiencing downside over the past 3 days. Today is an important day for Ethereum ETFs, and I think there could be a rotation from Bitcoin to ETH in anticipation of an ETH ETF approval. I would give BTC some time to form a reversal. […]Read More
ETH Flips the Light Blue Zone Into Support
ETH is also retesting the light blue zone as support around $3,650. There is hype around the Ethereum ETF this week, and an approval could send ETH higher. I would monitor the light blue zone to make sure it holds as support, and the yellow zone is the next key resistance target ahead between $3,900 […]Read More
BTC Retesting $69K Support
Yesterday BTC faced some resistance near the lows of the yellow zone around $71.7k. There is short-term support at $69k, and BTC bulls are trying to defend the $69k price level here. I would monitor $69k to make sure this support level holds. The yellow zone is the last defense for BTC bears, if BTC […]Read More
ETH’s Newfound Dominance
I have given ETH a lot of negative criticism throughout this cycle for underperforming relative to other Altcoins. However, ETH has started to show some very bullish strength yesterday due to newfound hype surrounding spot Ethereum ETFs. The ETF news looks positive, and ETH is likely to rally with an ETF approval. Over the past […]Read More
BTC Facing Resistance at ATHs
BTC has been showing strong bullishness since May 15, rising from $61k to $71k. BTC is now approaching trading near previous all time highs, and there is resistance in the yellow zone between $71.7k to $73.1k. I would monitor this yellow zone for a bullish breakout, and it’s also possible for BTC to retest the […]Read More
All Eyes on a Bullish Breakout for the Altcoin Market
The Altcoin market started forming a bullish breakout yesterday, and I think this might finally be the bullish breakout that we have been waiting for. There was a false breakout a few weeks ago that was derailed by Iran-Israel tensions. Usually the most bullish part of the bull run will start leading into the presidential […]Read More
Bitcoin Pump to Start off the Week
Bitcoin is very bullish for the second half of October, and the October monthly candle has flipped from red to green. The next 3 weeks are very bullish, and Bitcoin has started off the week with a bullish breakout and pump above the red resistance line. I have $66k as a key price target that […]Read More
Thoughts on DEEP Token Launch
DEEP will launch on Sunday @ 3 AM PST. I plan to buy right at the launch date because I’m bullish on this project and I think there is a lot of hype around it. Sui has created a series of projects with the goal of building a global web 3 ecosystem for Facebook. I […]Read More