Posting on X after ages, and for the first time I’m opening public access to my invite only, FREE Telegram market analysis channel. Tired of half baked X analysis and dodgy charts with arrows?
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🧠 BTC Market Check-In — Reality Edition
Time for an update on my last analysis.
Everyone’s screaming bull market confirmed, but let’s step back for a second and actually read a chart, shall we?
BTC weekly? Still in a strong bullish uptrend.
We’re retesting the trend zone again, right around the green squiggly (aka the 200D SMA) — a critical support in any proper bull trend. So yes, the macro still looks solid… for now.
Now, over to my market sentiment indicator — weekly is still bullish overall, but the 240-min and daily are flashing bearish. That means short-term turbulence inside a long-term trend. Typical late-cycle vibes.
BTC Dominance? Holding like a stubborn ex. We had a short alt rally, but dominance bounced cleanly off the 200-week SMMA. Weekly sentiment shows bearish, but 240 and daily are bullish — translation: no, this isn’t alt-season. Until BTC.D drops, your altbags are just hostages moving in sympathy.
ETH proves the point — price high, yes, but it hasn’t broken the ETHBTC ATH since 2017. Let that marinate.
I’m not a fundamentals preacher — I’m a chart guy. Fundamentals help, but if that’s all you use, you’re usually late, overconfident, and holding the bag in the bear.
Remember the rate-cut “gigapump” everyone was promised? Cute story. It was priced in. What did it do? Liquidated the crowd that listens to KOLs recycling garbage.
Macro reminder: every four-year cycle usually peaks between October and January. It’s November. I’ll let you connect the dots.
🚨 Caution Tape
That trendline we keep retesting? Every test weakens it. Break it cleanly and things get spicy.
Price action’s shaping into a rising wedge — historically bearish 80% of the time.
For the newbies: a rising wedge forms when price keeps rising on shrinking volume and weaker momentum. Buyers are running out of fuel while sellers quietly stack limit orders above. When it breaks — it breaks.
RSI? We’re past the third touch on bearish divergence. That’s been a cycle-top warning every single time since crypto was born.
And if you think RSI is about “overbought/oversold,” stop reading trading threads and start reading a book. RSI literally measures relative strength — comparing average gains vs losses. When it dips while price climbs, momentum’s dying.
Volume? Falling.
Rising price + falling volume = distribution. Not accumulation.
MACD? I rarely use it because it lags, but even that’s flashing bearish divergence. Another confluence. Another yikes.
⚔️ The Balanced View
We’re still in a macro uptrend.
The trend’s your friend — until it isn’t.
Bullish case:
✅ Strong weekly structure
✅ 200D SMA support
✅ Weekly sentiment still bullish
Bearish case:
❌ Rising wedge
❌ Multiple divergences
❌ Falling volume
❌ BTC.D strong (bad for alts)
🎯 Trade Radar
🤌 Trade Opportunities:
240-minute chart is cooking up a possible bear flag near the weekly trend and 200D SMA. Don’t short support. Wait for rejection confirmation. Manage your risk.
Flip side — we’ve got bullish divergence and a clean pullback to the 0.618 zone. Normally, I’d be all-in on that setup — it’s a textbook one. One of those mouth-watering setups I foam over. But with all these red flags? I'm waiting for a proper confirmation before I go full frothmonsterrr.
⚠️ Heads Up
If this turns out to be the macro top, with BTC dominance still this high…
alts are going to get obliterated. Don’t marry your bags.
If the bulls win and we get a big green candle to heaven — once it settles, that’s your alt rotation cue. When BTC chops sideways with high confidence, that’s your altseason.
The fact it’s been ranging for months without one? That’s your confidence meter right there.
🧩 TL;DR
Break the trendline → bearish narrative confirmed.
Might fake out near 90k first — don’t panic trade the flush.
If it rips again, the bull’s alive. If it breaks clean — welcome to round two of reality.
Remember:
The market doesn’t care how you feel.
It only respects one thing: execution.
Market up → long
Market down → short
Market sideways → range trade
Markets always move. Your job is to trade what’s on the chart, not what some influencer tells you.
Learn something today? Don’t forget to ❤️ like, ♻️ share and 🤝 tag a degen
This an update on my last market update. If you wish to read it, see it here:
https://t.co/amZ6lxPydO
#bitcoin #crypto #trading #tradingcrypto #cryptocurrency #cryptotrading #bybit #stockmarket #money #moneyheist
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GOLD TELEGRAPH CONVERSATION #6:
SEAN BOYD
“We could see gold at $5,000. We could still have uncertainty and disorder, but the world wouldn't be ending.”
Join me for an engaging conversation with the former CEO and current Chair of the Board of Agnico Eagle Mines—the world's third largest gold producer—as he shares his personal journey, insights into the mining industry, and his current outlook for gold.
Sean was recently inducted into the Canadian Mining Hall of Fame, and his exceptional leadership at Agnico Eagle stands as a shining example of extraordinary success in the mining industry.
Under Mr. Boyd's leadership, Agnico Eagle (@agnicoeagle) evolved from a single-mine operation into one of Canada’s largest public corporations and among the world's most successful mining companies, boasting a current market capitalization of nearly $50 billion USD.
During our discussion, Sean noted that the West significantly trails China in securing critical metals but that represents the opportunity.
We explored a wide array of topics, including:
• The early days of building Agnico Eagle
• Advice for young professionals today
• How he handled critics
• The crucial role of mining in Canada's future
• His perspective on the evolving gold market
• The potential for a monetary reset
• His recommendations for a future Canadian Prime Minister on mining
• The importance of gold exploration
Thank you for joining me Sean.
I hope you all enjoy.
TIMESTAMPS:
(1:03) - What first sparked your passion for mining?
(3:15) - The journey of taking Agnico from a $400M market cap to a $55B gold giant
(5:16) - Balancing Agnico's long-term vision with growth pressures
(7:42) - Essential early lessons for aspiring mining leaders
(9:45) - Game-changing decisions and risks that shaped Agnico Eagle
(13:12) - Expanding while preserving a strong company culture
(15:20) - How did you and your team navigate criticism over the years?
(21:07) - Canada's mining sector: critical to the nation's economic and strategic future
(24:00) - Canadian critical minerals… poised for leadership or at risk of falling behind?
(27:04) - What should policymakers understand about mining’s role in powering the green transition?
(29:46) - Key recommendation for a future Prime Minister to secure Canadian mining's future
(33:33) - Are we on the brink of a monetary shift that could elevate gold's role in the global economy?
(37:44)- Early stages of a global monetary reset?
(40:58) - When will the mainstream investor come into the gold market?
(44:07) - How powerful could this gold cycle be?
(48:22) - The importance of exploration in gold mining
(53:11) - How will leadership in the industry need to evolve in the years ahead?
(55:43) - What does success truly mean to you?