$OTHERS

Rising wedges usually break to the bottom. Can go both ways though.

$ETH is approaching a key support zone. If it goes below the green box (under $1,900), it will likely enter a downside phase unless there is a quick recovery on the weekly timeframe.

Nothing to add

Oh to add is wick low. I will be longing this for at least s scalp

Half way there

Stopped out

$SPX not even down 5% from highs

$BTC already corrected 28%

$ETH literally down 50% while Trump organization is buying and we have the most crypto friendly SEC in the US ever since.

What scares me is that $SPX has not even corrected at all. 30% is possible. The question is if we decouple in such an incident or if we literally retest 50k range and ETH goes back to 1k.

That would be absolutely brutal.

Rigtht now, if you look at $BTC, the chart is a beautiful top structure.


My current best guess: We probably retest 70-75k area, get a bounce and retest the top channel at 88-90k. If we get rejected there, it is over. But as I said many times before: I think it is over for the BTC cycle as we lost this 100D accumulation range.

We can only hope that the volume was big enough that the amount of people in profit is small enough that the downside is limited

Exactly this basically.
Hes copying me 👀😂

This is what I expect

https://x.com/kyle_chasse/status/1895258410784039157?

*US JAN. PCE PRICE INDEX RISES 0.3% M/M; EST. +0.3%
*US JAN. PCE PRICE INDEX RISES 2.5% Y/Y; EST. +2.5%
*US JAN. CORE PCE RISES 0.3% M/M; EST. +0.3%
*US JAN. CORE PCE RISES 2.6% Y/Y; EST. +2.6%

Alts outperforming BTC again.

Which is good as alts are beaten hard. Resilience will fuel a short term mini alt season.

7% Bounce of the bottom is very nice of course.
We need a close above 84k to get some hopium going. A close above 87,5k would be ideal.

If we reverse from here, we go lower