We basically broke/pierced every major lower time-frame support today. Next and last big support is $40.500. This has to hold, if it doesn't we go to $37.000~. This would be a retest of the current uptrend. If we hit this and hold, this is actually insanely bullish. But let's see if we can keep at the current levels/40k first.

$Osmosis 1st target hit

Update:

Update. Shoutout @eiknirb ✌️🔥

Last target hit on SUI ✅
If we break this - price discovery 🔥

On the LTF (Lower Time Frame) I expext to hit 43.5k if we break this trendline next. Hard to tell what is happening after that. If BlackRock really buys the GBTC back early next week (as per the thesis pasted here yesterday), we should see some retest of the 45-46k range.

Yes sir, absolutely. If we break this level, we Gucci.

Honestly, I do not see it break this weekend. PA doesn‘t indicate a lot of action rn. We should get a few rejections at that level.

You will want to see another ascending triangle hitting on that level from below to weaken it. I wouldn‘t get too bullish/excited (short-term) as long as we are below it.

A little cool off on volatility after this wild week is good and bullish long-term.

$7.7b volume and about $1.5b inflows. Considering that GBTC has >90% outflows, it might mean that all BTC have been purchase already. Maybe we got a few million buys left for Monday though that have not been settled completely, yet. We will see

More detailed here. I still can‘t find a general consensus on how settlement is done and if all of those have been settled or have not been. Hearing both statements

As an example. Everyone is asking themselves the same question but noone really can answer it.

One last thing: excluding GBTCs outflow per this table, this would be a buying pressure of around 17,000 Bitcoins.

When you look at Crypto Quant inflows: https://news.1rj.ru/str/cryptoquant_alert
You see over 20,000 BTC inflows. Maybe people have really been unloading like crazy. There must have been buying aside from the ETFs as well which isn‘t shown here, yet. Sometimes they post an aggregated outflow after a while which can go over 10k BTC.

It stays interesting and I think Monday or Tuesday the latest, we will see if the ETfs need more BTC or not. If we do not get buying pressure, they are covered which is of course bearish/neutral.

$SOL is forming a triangle. Usually, triangles mean a trend continuation. So a breakout to the top is more likely. However, it can also be a reversal pattern. So gotta be vigilant on the breakout.
Next leg up should be the last one of this major upmove. A bigger correction is to be expected then.
The 5th wave can extend by a lot and underperform by a lot as well. Catching that pico top will be the hardest.

First real touch just happened. Not expecting a break here within the next 24hours

They tried to push ETHBTC down but failed. A close here is a (the first, maybe there will be a 2cnd) confirmed retest of the previous major downtrend.

We broke a 490d downtrend on ETHBTC. This is what we need have needed for an alt season.

Coming week = decision on bloodbath or alt mania.

By the way guys, we broke 50 followers on my channel and I am very grateful for your support and all the great discussions so far!

As more and more people are in here now that have not ever talked to me before, I opened the option to leave comments so people can discuss/ask/request or give feedback for a healthier discussion. Feel free to engage.

Looking forward to rock 2024 with you and hopefully we all make a lot of gains! ❤️

While ETH has won its fight against BTC for the moment, BTC is in the process of losing its fight. Next major support broken.