🔥New public call posted on Chart Kitchen.🔥

❗️📣 ETH/BTC 🔔❗️

Cloud's bottom bounce on the daily.

Entry: 5761500
SL: 5500000
TP1: 6200000
TP2: 6470000
TP3: 6990000

https://s3.tradingview.com/snapshots/3/37AvKPeS.png

ETH update:

Almost perfect, 3 sats short of TP1. Sold the TP1 portion, will try to rebuy lower. Public call from yesterday.
Now: https://s3.tradingview.com/snapshots/e/e4il0iyh.png
Entry: https://s3.tradingview.com/snapshots/3/37AvKPeS.png
Call link: https://discord.com/channels/690955085127221308/691823346010292245/858968563447234610

👑#BTC update:

Wyckoff accumulation still playing out more or less perfectly. Closest resistance here is at 200EMA, around $36885. After that, range top around 39-40k.

https://s3.tradingview.com/snapshots/q/qDqAFK4W.png

ETH update:

💰🔥 TP2 hit! 🔥💰

Called 2 days ago, caught the bottom. Public call.
Now: https://s3.tradingview.com/snapshots/p/pLcatBNj.png
Entry: https://s3.tradingview.com/snapshots/3/37AvKPeS.png
Call link: https://discord.com/channels/690955085127221308/691823346010292245/858968563447234610

AAVE update:

💰🔥 TP1 hit! 🔥💰

Called 3 days ago, first TP hit. 15% up. 200EMA/cloud's top resistance here. Don't forget to take some profits. Try to rebuy lower in a day or two.
Now: https://s3.tradingview.com/snapshots/1/1sQ7MaZs.png
Entry: https://s3.tradingview.com/snapshots/w/WZ3xpqYo.png
Call link: https://discord.com/channels/690955085127221308/692046098113757274/859709291883528192

AAVE update:

💥💰 TP3 hit! 💰💥

Last TP hit at 35% above entry, trade closed.
Now: https://s3.tradingview.com/snapshots/q/qE6hsrzz.png
Entry: https://s3.tradingview.com/snapshots/w/WZ3xpqYo.png
Call link: https://discord.com/channels/690955085127221308/692046098113757274/859709291883528192

LINK update:

💰🔥 TP1 hit! 🔥💰

Called 3 days ago, 10% up here. As mentioned, try to use this resistance level to rebuy cheaper, rather than decreasing your position.
Now: https://s3.tradingview.com/snapshots/p/PheT1GRc.png
Entry: https://s3.tradingview.com/snapshots/s/SqmHya9k.png
Call link: https://discord.com/channels/690955085127221308/692046098113757274/861393293505462282

KMD update:

💰🔥 TP1 hit! 🔥💰

First TP, 54% up from entry. Called 4 days ago.
Now: https://s3.tradingview.com/snapshots/w/wrkTcOac.png
Entry: https://s3.tradingview.com/snapshots/s/snM8T1vy.png
Call link: https://discord.com/channels/690955085127221308/692046098113757274/860970427270430751

ETH update:

Exiting the position here, trade closed. TP3 was set a bit too high - kijun is acting as resistance just below it. Will rebuy later, ideally after tenkan is above kijun again. 18% up since entry. Public call. 🆓
Now: https://s3.tradingview.com/snapshots/6/6aqvXU0r.png
Entry: https://s3.tradingview.com/snapshots/3/37AvKPeS.png
Call link: https://discord.com/channels/690955085127221308/691823346010292245/858968563447234610

RUNE update:

Stopped out. ❌

Too bad, will try again once it's back above cloud. Reminder to respect the stops, don't end up a bagholder.
Now: https://s3.tradingview.com/snapshots/o/ONoV3Gpy.png
Entry: https://s3.tradingview.com/snapshots/h/hTnzmrDK.png
Call link: https://discord.com/channels/690955085127221308/692046098113757274/862246239164956673

🔥New public call posted on Chart Kitchen.🔥

❗️📣 RUNE/BTC 🔔❗️

Potential cloud's bottom bounce. Really like this spot for most alts in general - this is where the higher low should be formed. If that doesn't happen, downtrend will continue.

Entry: 18200
SL: 16625
TP1: 20655
TP2: 25200
TP3: 28000

https://s3.tradingview.com/snapshots/x/xUQvvdit.png

👑#BTC update:

The Wyckoff accumulation is losing its relevance - it's simply taking too long. Fizzled out, went nowhere after the spring. Still, BTC remains right on the weekly support, institutions keep buying, the balances of large wallets keep increasing, the stablecoin supply ratio oscillator (SSR) has bottomed out and been steadily going up since May 23rd, indicating that capital is flowing back from stablecoins into BTC. All the while noobs on Twitter are absolutely convinced that the multi-year bear market is here. It's still the perfect scenario to accumulate, although now it's difficult to tell just how long this will last.

https://studio.glassnode.com/metrics?a=BTC&category=Market%20Indicators&m=indicators.SsrOscillator

👑#BTC update:

Precarious spot. Arguably still on support, but it has to bounce today/tomorrow, or else this can be considered broken - all of the other touches of this level ended up as wicks.

(((Coincidentally))), Elon Musk is speaking at "The ₿ Word" tomorrow, on a panel full of Bitcoin maximalists. Tesla still holds around $1.3B worth of BTC, so the conference logically thinking should be a bullish catalyst, unless Elon has decided to throw all away.

There's not much in terms of support if 29-30k level fails. There's an orderblock at 24k, the next ones around 19.5-20k. Apart from these, price just went up in a straight line, creating no S/R levels.

Lets see what tomorrow brings. Have some cash ready to buy 24/20k if this breaks down.

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

👑#BTC update:

There we go. The conference was a bullish catalyst, just as predicted in the previous post. It could even be the beginning of a longer term reversal.

Bitcoin multi-year bear market starting in spring is unprecedented, it goes against the S2F model and the previous halving cycle history. I still think we're in 2013 scenario: 2-3 months of downtrend in spring before the recovery in summer and new highs in autumn. Cycle tops out in winter.

If you're longing, now you can set the stoploss at $29200. Closest resistance levels: right here - daily tenkan, $35000 - daily kijun + 50EMA confluence, $38500 - 200EMA level.

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

👑#BTC update:

It went just a couple hundred dollars short of kijun. Close to resistance. If you got longs open, now's the time to take some profits, rebuy later.

https://s3.tradingview.com/snapshots/i/ItW5VqI2.png

If you do take profits here, the closest support would be 4h cloud's top at $32600. Pretty close to the current price, I don't know whether it's worth it. Use your own judgment.

https://s3.tradingview.com/snapshots/r/reCJO4UG.png

👑#BTC update:

Shorts finally squeezed. Perfect cloud's edge touch, consolidating at previously mentioned $38500 level. Long fully closed, back to spot BTC.

https://s3.tradingview.com/snapshots/u/UqqVgMcM.png

30% up since the conference. Seems obvious in hindsight, doesn't it.

❗️IMPORTANT 📣

Starting August 4th, Binance will limit withdrawals to 0.06 BTC per day for accounts with only ‘Basic Account Verification’. If you want to withdraw more than 0.06 BTC in a single day, you will need to complete the KYC process. It's all good, no problem.

However, you are not allowed to complete the KYC process on multiple accounts. Therefore, choose wisely. Don't be someone who completes the KYC process on an account that has to pay the full trading fees. Instead, create a new Binance account first. You can use our referral link to enjoy a 20% discount on your trading fees permanently:
https://accounts.binance.com/en/register?ref=NVDTO568

After that, complete the KYC process on the new account.

You're welcome!
- Chart Kitchen team

👑#BTC update:

Very obvious cloud entry, bullish TK cross. Seemed like it was getting rejected from the edge yesterday, but now it's in the cloud, no question about it.

This is an edge to edge trade setup - once price enters through one edge of the ichimoku cloud, it will most likely reach the opposite edge. Here the upper edge is at around $46800. See you there.
https://s3.tradingview.com/snapshots/6/6DGBlsdN.png

🔥New public call posted on Chart Kitchen.🔥

❗️📣 ETH/BTC 🔔❗️

Almost at the apex of its descending triangle (or a bullflag, depends on how you draw it). The first higher high would be considered the breakout - price crossing 0.0641 BTC. You could set an alert or a stop-buy there. Once that happens, the closest resistance levels would be:

0.08-0.0825 - top of the pattern;
0.1 - major psychological level;
0.115 - measured move, length of the flag pole.

Pattern would be invalidated if the price dropped below 0.057 BTC after the breakout.

But I have to admit, I don't see a point of waiting for the proper breakout here. Almost half of my portfolio is in ETH already. It seems like such an obvious trade. EIP1559 makes Ethereum deflationary, and at the same time significant amount of volume is being forced out from centralized exchanges into decentralized ones. Most of retail doesn't mind the KYC thing much, but american "whales" will have to choose - subject yourself to ridiculous taxes, filing every trade as a taxable event, or move to Defi completely. You don't need a lot of brainpower to see what's going to happen, and ETH will win from this immensely.
https://s3.tradingview.com/snapshots/w/w6FsSlMk.png