👑#BTC update:

FOMC meeting in 25 minutes. I think the thesis for the market reaction to it is the same as the previous meeting - an anticipated bearish event, prices crash in anticipation of it. Once the event comes, the anticipation disappears, prices bounce.

Last time it resulted in 2 weeks of uptrend, from March 15 to 29. Might end up the same, might not. Something to keep in mind. Probably not a bad idea to get some BTC now, sell if there's no bounce in the next two days.

https://www.cmegroup.com/trading/interest-rates/countdown-to-fomc.html

👑#BTC update:

Well, the FOMC thing didn't work out at all, lol. Back on weekly cloud's bottom here.

https://s3.tradingview.com/snapshots/z/ZSoF1ZPi.png

👑#BTC update:

If a bounce is coming, it should probably start here. Weekly cloud's bottom edge touched, stock market opens in around 13 hours.
https://s3.tradingview.com/snapshots/x/Xam88JJf.png

👑#BTC update:

First bullish setup in a month.

4h cloud entry, edge to edge trade. Resistance - cloud's top at $24700, which will probably coincide with 200EMA as well. Invalidation would be a close below cloud.
Looks like the relief rally is here.
https://s3.tradingview.com/snapshots/8/8h1FxUaE.png

👑#BTC update:

Nevermind, not yet. The edge resistance is still holding.

E2E will probably still happen eventually, just apparently not now.
https://s3.tradingview.com/snapshots/j/JIfOHBsT.png

👑#BTC update:

Second try. Closed inside cloud, no immediate rejection - so far so good. The setup's the same, TP at cloud's top, invalidation - drop below cloud.
https://s3.tradingview.com/snapshots/j/jEhI481p.png

👑#BTC update:

Spoke too soon, immediate rejection again. Cloud's edge still holding.
https://s3.tradingview.com/snapshots/4/4qQRcFDp.png

👑#BTC update:

Cloud's edge finally broken, after a consolidation right on it. Next resistance is around $21800. Breaking that would paint an adam & eve bottom on the chart, potentially meaning actual trend reversal. We might be back. 💸
https://s3.tradingview.com/snapshots/r/rkv5511v.png

SOL/USDT

Since BTC broke resistance, I'm assuming at least a temporary reversal is here. It's time get in some obvious plays - well established, fundamentally strong coins that won't be forgotten the next cycle. Such as SOL.

Entry: 37.20
SL: 30.85
TP1: 50.00
TP2: 60.40
TP3: 79.00

https://s3.tradingview.com/snapshots/3/34oWsCVS.png

👑#BTC update:

Resistance reached. Neckline of the potential Adam & Eve bottom. In my opinion, an important point in time here.

Breaking through $21800 -> Adam and Eve bottom confirmation, almost no resistance levels right until $28k.

Rejection here -> more ranging, closest support being around $20k.

In any case, if you're still degen long here, you're playing with fire. The time to reopen longs will be after the A&E neckline break.
https://s3.tradingview.com/snapshots/3/3D4HoS1Q.png

👑#BTC update:

Still consolidating on the line mentioned before. The next move will decide further direction. Probably coming on Monday, when the stock market opens.
https://s3.tradingview.com/snapshots/7/7giVkqbN.png

👑#BTC update:

And we're back inside the range. Hope you listened and weren't longing at the top. Kumo twist attracts the price. If you have spare cash, it's a good idea to layer some buys around 19500-20000. If the price bounces before reaching these levels, a safe place to long again would be around 22k.

https://s3.tradingview.com/snapshots/l/liCDtNkW.png

👑#BTC update:

20k touched. Starting to rebuy here. Layered buys from here to $19500. No stoploss, just happy to increase the BTC stack a bit.
https://s3.tradingview.com/snapshots/o/olgmDcsE.png

👑#BTC update:

Last bids filled, waiting for the bounce after the CPI print tomorrow. 😎
https://s3.tradingview.com/snapshots/u/UDCrKvz9.png

👑#BTC update:

Price rises in anticipation of some event - dumps after the event has passed.
Price crashes in anticipation of some event - bounces after the event has passed.

Always been this way. Surprised more people didn't expect a bounce after the bearish CPI numbers. Anyway, closest resistance is at the same level, between 21500 and 21800. Will sell around there.
https://s3.tradingview.com/snapshots/p/PeFnRHQa.png

👑#BTC update:

ETH just broke out of its range, tons of altcoins are starting to push past their resistance levels.

European Central Bank is starting an unlimited bonds buying program next week - essentially printing money out of thin air to throw into the market. I don't know how FED will react, but central banks usually move in unison, and dollar being too strong is bad for America's exports. It looks like the only thing they can do is flood the market with money.

I've already said that we might reverse here, and now it's obvious. I'd still stay away from leverage, expect volatility. Alts got rekt so hard, 50% moves seem insignificant on the chart. But if there ever was a time to sell your worldly possessions, max out your credit card and go all in shitcoins, it is now. (not joking)

It's still a good idea to take profits at resistance levels, and who knows, you might even get better entries later than they are now. The point is, don't ignore the changing macro conditions.
https://s3.tradingview.com/snapshots/3/36AxQFUc.png
https://finance.yahoo.com/news/ecb-bond-tool-seen-having-040000033.html
https://cryptohayes.medium.com/a-samurai-a-knight-and-a-yankee-211bf975a31d

👑#BTC update:

Unsurprisingly, BTC follows the rest of the market. $21800 resistance now broken through.

There are absolutely no resistance levels right until 28-29k. If you're one of those people that still wait for a "black swan" crash to 15k - good luck with that. In this situation, the longer you wait, the higher you'll buy.
https://s3.tradingview.com/snapshots/n/N5Hshaq7.png

Not really a 👑#BTC update, but a lot of alts are on resistance here. Market might dip for the next couple of days. Opportunity to decrease positions and rebuy cheaper.

https://s3.tradingview.com/snapshots/o/O3zNDtCA.png

BREAKING: Tesla, $TSLA earning reports reveals they sold 75% of their Bitcoin worth $936 million.

Always nice when the FUD is released right on resistance. Hope ya listened. Lots of alts have already crashed quite a lot - use your own discresion rebuying.
https://www.tradingview.com/x/Jarhjeju/

👑#BTC update:

Support found. It's a good idea to rebuy your alts, if you haven't yet.

https://s3.tradingview.com/snapshots/j/JKn96Azo.png