perfect retest of lower uptrend support on $COIN. Caught the bottom. I do not expect a further dump through the green trend unless BTC dips heavily

got my coinbase stocks back, that i sold just 5$ lower :) feels good :D

In the short team this might be the correction. If ETF news come in positively, this is the worse case scenario imo

A BTC close above 43800 is very bullish

For you guys to better understand what I am saying on $COIN:
We broke the longterm downtrend only with a major dip (this is where I took some profit).

Now we basically retested the green uptrend (the recent one) and the red downtrend in one day. This is basically a double support zone. This is the reason why I bought some more during this crazy dip. I expect this to hold. If it doesn't, I will get half out. I am pretty confident that it will hold though. BTC is supporting this, at least for the moment

A retest on $147 is possible to still be bullish.

Today‘s dump is the dump we didn‘t deserve but the dump we needed.

The day the small stocks outperform the large ones is the day when we will enter real bull mode.

✅
DXY, another reason for the dip

JUST IN: 🇺🇸 Spot Bitcoin ETF approval is as close to done as we've been, Senior Bloomberg ETF analyst says.

@WatcherGuru

I am currently testing some dex trading platforms.

Started with 100$ today, let's see how far I can get it up until I get liquidated :D

Chart-wise, I expect further down on SPX today

$SUI TA per request:
SUI formed a rising wedge - those usually break to the downside.
Similar to BTC, we broke above and are currently retesting the bottom support (of the upper resistance of the wedge # now a support). If this breaks, we shoud retest the 0.68 and then the ~0.62 region. This we also could argue that we had 5 waves up, this would align with a dip to retest the previous liquidity zone.

TL;DR: Break here, retest next 0.68, then 0.62. Bounce: Breakout to the top confirmed and retest 0.92~

BTW: Standard bias is always: Support -> it supports -> bounce up.
Reistance -> it resists -> rejection.

This always applies until it doesn't. The more often we test a support or a resistance, the higher the probability that it doesn't act as a a support/ respective resistance anymore.

Currently using it more. The exchange that I am using is Hyperliquid. Basically, it is a decentralized exchange - you use your wallet on Arbitrum to login, deposit funds and trade with the wallet as account. You can withdraw anytime. (You don't use it to buy or sell cryptos, only to long or short them, it is purely a futures market, no spot market)

It seems like it is one of the most liquid dex's out there and it has been pretty nice to use:
- No registration
- Long or short with up to 50x leverage (altough I highly recommend you to max use 3x unless you really know what you are doing)
- Everything runs on their own blockchain but is still blazing fast
- You do not need to approve any transactions, basically it is the same experience like a regular cex and I actually find it easier to trade on as on binance

- It seems like there is a (garuanteed) airdrop for people who use it regularily with a point system the more volume you make

- The con is that it is of course not as liquid as Binance and others but there is definitely enough liquidity to trade. I would highly recommend you to have a 2cnd window open and track the market on the spot market of Binance or Coinbase and trade from the price action there.

- I would also always suggest to use a fresh wallet for stuff like this; don't deposit too high amounts and withdraw when you don't trade. Withdrawing and depositing is super cheap on Arbitrum. I'll see how nice it is to use as a daily driver compared to a cex. I'll let you know

Feel free to check it out. You can use my ref link for a few % off on trading fees:
https://app.hyperliquid.xyz/join/QQQQ

I'll explain how I am using this to further grow my now $120 portfolio:

1. I am looking with coins that have moved largely on the daily: either high up or high down. What you want is high volatility to get proper entries and quick moves that you can capitalize on (with or without leverage)
2. Using leverage is basically you lend money and this multiplies your wins and losses. For example 10x = 10 times the money you have, positive and negative. Beware, using 10x leverage means you get liquidated when the asset moves 10% in the wrong direction, you also double your money when it moves 10% in the right direction.
3. The higher the leverage, the higher your risk of losing all your money. This means you need ot be super precise and major market moves in wrong directions literally make you lose all your money quick (getting liquidated)
4. This means the higher the leverage, the more sure you should be sure that you are right on your call. Even if you have the right direction, a small bounce or rejection can get you liquidated altough your call was right
5. The platform will use cross leverage as auto setting: this means, when you have $100 deposited and you only trade with $50, your full position is at risk. This is because the platform will use your remaining $50 as collateral as well. Setting it up to "isolated" will prevent this. Cross is good as it will move your liquidation price further away. I recommend you to only use play money to test and learn and only deposit as much as you can easily lose.

Let us start with an easy live example: YGG has dropped the most today: I assume this is the best potential for quick moves

What you do next is check out YGG on trading view: Always start with a high timeframe to see historical support an resistance zones: The biggest mistake is to only look on very short time frames and miss out massive supports/resistances that you short or long into and then get caught by surprise.

Seeing this chart, I immediately see the 0.48 as massive zone, as we test it from above I expect it to be a support and expect a bounce.