For $BTC the Monday low is providing intraday support, but if we decisively lose 68.3 we can start looking for more downside toward the golden pocket. Long trigger would be a reclaim above the Monday high (71440).
For $ETH the Monday low is providing intraday support, but if we decisively lose 2000 we can start looking toward those downside target areas. Long trigger would be a reclaim above the Monday high (2149). Much better R:R with waiting, and not staring at charts 24/7.
Seeing too many people going long here, without confirmation. To the naked eye it looks like another bear flag, with mega resistance under $72k. I’d rather wait for the market to show its hand. Bulls are 50/50 here but I like low-60s better for longs if we get it. $BTC
$GOLD - Back above the .50 fib and 50MA. Challenging the consolidation peak. A breakout above $5092 with follow-through could invalidate the idea of a more drawn out tightening pattern, and send it toward the $5242 magnet. ATH challenge on a reclaim above there.
$ETH | $BTC - Rebounding off the strong Volume Profile support. Feels like Ethereum is bottomed here locally, near the $2000 strong psychological level.
$BTC.D bouncing heavily off the teal box and range lows. I expect a tap of the blue box in coming hours/days. Not touching alts until this stops cooking.
$USDT.D stablecoin dominance breaking out toward ATH. Look for this to turn into a rejection at the \'22 ATH or continuation toward the next weekly targets.
Usually when we have these dumps, there are random scam moves up of at least a few k in between. This time, it\'s been straight selling. I wonder what dead fish might float to the surface in the coming days/weeks.