This ETH/BTC 2D candle is just crazy.

Very standard correction to form another higher low. We should see bullish continuation soon.

Good night!

GM

As I've been saying these past few weeks, the narrative for the potential ETH move up would be the ETH ETF decision. Now it's about to happen, and the approval has a high probability. If it does, the most obvious target would be the ATH, with ETH/BTC going up too. This scenario would allow altcoins to give some good returns. But you have to choose wisely. If you have carefully read my words in recent weeks, you will have deduced that a part of my portfolio is in the crypto AI sector, specifically in low-cap coins.

Let's see what happens next. The main idea is to expect higher prices. If we get an ETF rejection and I’m wrong, and the market starts reversing, I’d be ready to adapt without any problem.

$4,000s should be next for ETH.

BTC ltf idea

NVDA new ATH post-market, after reporting good earnings.

GM

Today is the day.

Same thing. It looks like a shakeout before the ETF decision.

Remember, dips are for buying until proven otherwise.

OTHERS - Zoomed in

If we take a closer look to the altcoins index, this is a perfect S/R flip forming a higher low.

BTC

After bouncing from $65k and reaching the first target of $69k-$70k, now we are seeing a retracement. The $66,500-67,000 zone is support, and it's forming a higher low so far. If this level holds, the high probability move would be a push into the previous ATH, reaching the second target (liquidity zone of $74k-$76k). This is the main scenario.

However, if this zone doesn't hold, then it should retest $65k at least. The ETH ETF decision is going to be decisive.

Let's see what happens.

And there it is.

SEC APPROVES SPOT ETHEREUM ETF

SOL update

After forming a local bottom at htf support, it bounced and broke a resistance level which is being tested now.

Still holding the long from $133s.

Not enough people paying attention to this chart.

If this level holds, you already know what that means.

Some Sunday morning thoughts.

My theory is:

Trump has already gained the initiative in securing voters from the crypto world and will continue with it. Besides accepting campaign donations in cryptocurrencies, openly supporting the crypto industry, and promising to release Ross Ulbricht at the start of his term, he will likely announce significant tax benefits for users.

Now, according to data, 14.4% of American adults own or use cryptocurrencies. However, the percentage of potential voters who are cryptocurrency users increases to 22%. This is a considerable percentage, but let’s not forget that a large part of this number would already vote for Trump before these declarations, and another large part wouldn't vote for Trump even with this new approach. However, the Democrats will sooner or later realize that they have lost this battle to gain voters from this sector, and out of pride, they might decide, instead of trying to win votes from the crypto community, to do the opposite and continue to attack the crypto ecosystem even harder. Let's not forget that the U.S. government holds approximately $15 billion in cryptos, which they will sell sooner or later. First, to raise money and finance their electoral campaign. Second, to try to drive prices down and have more arguments to attack the sector. Third, to prevent leaving those assets to the next president, if there is one.

Therefore, I expect Trump to continue adopting a pro-crypto stance in the coming months, and Biden too in the next few weeks, but eventually Biden should do the opposite and become even more aggressive. This would fit with a scenario where prices keep rising for a few more weeks but then see a significant correction before the elections (probably from July-August to November). Afterwards, it will depend on who is elected. If Trump is elected, 2025 should be a very good year for the market.