For the past week, trad markets have been "pricing-in" Epstein files release, pulling the already weak crypto market lower.
Now Trump urges Congress to vote "yes" on releasing the documents.
I guess, a little bit more drama, then a relief rally.
$BTC Monthly MACD
Every time MACD (blue) has crossed the signal line (red) on the Monthly time-frame, we were already in the early stages of a bear-market (the MACD histogram also turns red for the first time in YEARS)
The (only) good news is that we typically get an "exit pump" within weeks of this MACD bearish cross.
That "exit pump" usually stops around 20W MA & 21W EMA.
Safest play here is to sell the pump until proven otherwise.
By the way, the only way this closes without a bearish cross is if we somehow manage to close the monthly candle green.. which means.. above 109.555.. yeah.. 😅
Good news; BTC monthly levels have a tendency to provide a bounce when visited for the first time.
Bad news; Bounces on monthly levels usually get sold (they mostly function like automatic reactions) because when BTC is actually strong it front-runs monthly levels.
🤷♂️
Yesterday, during my YouTube Livestream, I pitched the idea of an upcoming short-squeeze on battered alts, like XPL
Seems like some of you were listening <3
This quoted post is unavailable.
Chart looks uglier since the last post.
- 🔹Picture 1:
We're "bearly" (barely) holding 50W EMA + Weekly RSI support.
21W EMA at 111k is resistance now.
I expect bounces to be sold until we close back above 2024 High (108k) or even 21W EMA (111k)
- 🔹Picture 2:
Everyone is talking about the 50W EMA touch as if it's going to solve all our problems. Even if we do what we did in the past, it's likely we sell the bounce first and bottom on the second touch with a lower low.
It's also likely Daily RSI needs to form bullish divs before we bottom.
Last but not least, the next BTC rally (whenever that happens) will be distributive and last until we hit the Daily RSI-70. Sell there.
- 🔹Picture 3:
Monthly Open 109555
MACD 🫣
I won't pretend I know what happens next cos I don't.
I've only bid the lows because I understand that either way we're really close to the end of this bull-market.
QT started in June 2022, very close to the market bottom, QT ends in December which could mark the market top.
Ideally bulls want to see a time-based low here, followed by a rally to new ATHs.
Closing a weekly candle below 2024 High + 2024 Weekly Highest Close would be a significant swift in momentum.
I won't pretend I know what happens next cos I don't.
I've only bid the lows because I understand that either way we're really close to the end of this bull-market.
QT started in June 2022, very close to the market bottom, QT ends in December which could mark the market top.
Ideally bulls want to see a time-based low here, followed by a rally to new ATHs.
Closing a weekly candle below 2024 High + 2024 Weekly Highest Close would be a significant swift in momentum.
GM 🌅
Thou thall squeeth!
also, study @athantonios 📔🤓
- "Crypto" stocks are pumping
- @coinbase bought @echodotxyz and @UpOnlyTV for 400M
- @cz_binance was pardoned and @SBF_FTX 's most recent interview pictures him as "the victim"
I've been in crypto long enough to know coincidences don't exist.
SOON ⬆️
- Pass "Genius Act"
- Create FED "Payment Accounts"
- Allow Crypto Companies (Tether, Circle, Coinbase) to use FED Rails through a "payment account"
- Tokenize US Bonds (and 38T of US Debt)
- Onboard millions of retail and private companies
- Rug (oopsie! your stablecoins depegged)
- Congrats you just converted 38T of national Debt into private Dept. Now private sector goes bankrupt and you can buy their hard earned assets for pennies!
You may not believe this right now but SBF will also get pardoned sooner rather than later.
They are already building the narrative of how he was actually the victim.
Read this interview:
Readers added context they thought people might want to know
SBF illegally used customer funds for investments in high risk assets and expenses. This is a mischaracterization of the events that occurred.
bettermarkets.org/newsroom/ftxs-…
What are we thinking, bros?
We haven't lost this RSI level since we reclaimed it back in 2023.
It also lines up with 2024 High and 2024 Highest Weekly close.
Making a lower low on the weekly RSI could be the beginning of a bear market.
Simply put, if you believe this bull run has legs this is THE support.
Oh, no.. They're flexing their crypto PnL
F 🫡
JUST IN: 🇺🇸 Eric Trump says the Trump family has made more than $1 billion from crypto, FT reports.
"Paypal's PYUSD mints $300 Trillion on Ethereum"
Bro.. there's no way this is even 1-1 collateralized.











































