Some Friday morning thoughts.

Bitcoin is showing strength at these levels, as expected. A clean break above $61k would be a very strong confirmation for higher prices, which is likely.

The analysis has performed perfectly over the past few weeks. It's not easy to predict the market. It takes a lot of time, effort, experience, and discipline. And it becomes even harder when you have public exposure. Some people will try to highlight your mistakes and hide your successes. Also it's always based on probabilities. You are never going to be 100% right, but as long as you are most of the time on the right side, able to resist the swings and be patient, you will do well.

Sometimes I wonder why I do this for free, especially after what happened last year. My purpose from the beginning has always been to learn and discuss technical analysis and trading, my passions. Also to help other people to lead better lives. Now the space I had for that has turned into a very toxic place which I increasingly dread entering, hence why I decided to start posting on Telegram and close the comments. Not out of cowardice, simply because I don’t want unnecessary negativity/toxicity, especially in my workplace, which should be like my home. It's like closing the windows to prevent dirt from coming in. Moreover, many people were using my visibility to try to gain it themselves, by commenting anything just for the sake of getting likes, which is something I won't allow.

With this said, I wish you all a great weekend!

Appreciate the support from everyone. Due to the volume of messages, I may not be able to reply to all, but I appreciate each one.

Taking the weekend off. More updates coming next week.

ETH

Nice bounce form the support zone. Ltf is looking good for bullish continuation, and a flip of the $3,300 level would be another bullish confirmation for higher prices, potentially a new ATH.

As posted the other day, the ETH/BTC pair is also looking good, so I think ETH and altcoins will outperform BTC these next few days.

Short-term shakeout seems over. Expecting bullish continuation soon.

Many people asked about the altcoins I bought recently when I mentioned that the local bottom was likely in. I've shared some of them, like ZCX and the SOL long. However, I've only shared others that are under a $100m market cap with friends, because I don't want to influence their prices, even if it's in a positive way.

Big bounce incoming imo.

SOL/BTC looking good too

It's going lower, but the idea is the same.

BTC

Perfect bounce from the liquidity zone. Now it has rejected from the $65k resistance.

In my opinion it should break this resistance eventually. If it does, I'd be looking for $68k-$69k as the first target, and $74k-$75k as the second target. Bullish invalidation would be bearish PA at the previous range low.

ETH - Zoomed in

Right now in no man's land but the high probability scenario is to the upside.

I wouldn't rule out another swept of the low, testing $2,700-$2,800 again. Bullish confirmation is a clean break above $3,300, which is likely imo.

BTC - Clean view

It looks like a standard retracement into support zone, before pushing higher. There's strong demand and indicators look bullish here.

Things would get ugly if it consolidates below the previous liquidity zone, but this is unlikely imo.

SUSHI

Same plan.

I longed ETH here. Still holding the SOL long from $133s as well.

Very boring PA, so disconnect from the charts and enjoy the weekend!