Nailed it. Chart is bulish. 3rd hit on that 66500 resistance. 1 or 2 more to go for break. I expect a break today.

Finally shit starting to correct upwards

Everyone was so bearish everywhere that I was too scared to post it here. In fact that was the pico bottom

I am very cautious to call any bottoms. But I would be hella surprised if alts go much lower. Yet, we can still do much more down. I guess stock market will decide.

Oh and yes: stock market decided. Also it will decide when the party is over.

69k is the level to watch. If we break it, we should be good

Btc struggling with 67k. Maybe we see another retracement before further up.
Daily close will be important with the price action right after it

Altough this is a bullish pattern it looks like BTC is losing strength.
It can go either way. Look for the breakout

(If we take another dip I still think we have bottomed. Only SPX can turn this around again imo)

$WIF on the edge

This was my gut feeling. BTC didn’t look super strong:
Fakeout into breakdown into (bearish) retest here.

To (short-term) regain the uptrend we need to break back into this green triangle here. If we fail, 65.5-66.5k range is next to retest.

As expected we bounced in the middle of my range, not making new lows.
I expect another smaller rejection and then we can go for 69k :)

Some higher time frame perspective for you guys. Here it gets clear why we are struggling a bit on 67k.
Main support is 64.8k still (2022ATH)

Super high time frame the next major support will be this higher line of the rising wedge that we broke out of. This is currently sitting at 48-50k.
The scenario how this would be possible is if SPX starts to nuke/ major ETF holders (banks etc.) start to sell their positions.

First is more likely that then 2cnd. Market is somewhat overbought on major stocks (nvidia, apple, meta) but small stocks are still very undervalued and rock bottom. It pretty much is the same state as the crypto market with BTC and alts.

(Not what I am expecting for now, but a very possible scenario to keep in mind)

Nvidia earnings this Wednesday. Last quarter they were the reason for more weeks of bullish continuation. I don‘t believe they can keep their growth rate, hence I expect this to be slightly bearish. AI is big but it certainly has a lot of hype. Once this hype settles, I expect a correction.

Bullish

JUST IN: Crypto asset manager Grayscale CEO Michael Sonnenshein resigns.

@WatcherGuru