$BTC update weekly close
BTC is consolidating above a demand zone, defended by a dynamic trendline.
The structure remains intact as long as it does not lose the 107 area; the bias remains neutral. Losing it will lead to a sell-off down to the 100/94 area.
The ascending trendline is accompanying the price and has already provided several bullish reactions.
Every time the price retests it, buying arrives → a signal that demand is present and defending the trend.
The highlighted red zone represents: inefficiency to be mitigated (candle imbalance) - levels where strong hands previously entered - clearly visible higher lows.
0.75 fib retracement coincides with: price structure and demand zone.
The upper band highlighted in red (117 area) is the area from which the price has been rejected several times.
A weekly and 2D close above that zone is needed to free up liquidity and pave the way for new highs.
For weekly chart 👉🏻Consolidated range between 110K ⬅️➡️121K
Breakout of the 121K zone = bullish expansion
Breakdown of 108K = possible retest of the macro demand zone at 90–88K
The OBV is clearly in a downward trend.
While the price has remained sideways in recent weeks, the OBV has continued to fall.
During price rebounds, there is no aggressive volume, so the strong hands are not accumulating as strongly at the moment.
Unfortunately, the OBV is showing signs of weakness! I need a recovery in the OBV in the coming days or weeks to hope, according to my objective analysis, to reach new highs! Here, I
see it as difficult. Until then, any pump without volume is manipulation.
$TAO update
After a strong bullish expansion, the price broke decisively: the main downward trend line
and the supply zone (in red) that had previously rejected the price
The breakout occurs with an impulsive candlestick, signalling buyer dominance.
Subsequently, the price is returning to the area from which the acceleration started:
this is the retest zone, which coincides with the 0.75 Fibonacci level (red line).
Retest trend first sign of reversal
Pullback in the 0.75 zone confirmation of the breakout
Possible restart in the red box
As long as the price remains above 400, the structure remains intact and the bias remains bullish.
If we look at the monthly chart, we can see that if the price maintains its monthly close above the breakout, the structure shifts from accumulation to expansion.
After several months of consolidation and volatility at the lower end of the range, the price has:
With halving on the way (but remember that BTC must help us, otherwise it too will lose the monthly),
👉🏻formed rising lows (accumulation),
👉🏻broken the trendline with a strong candle and full body.
Weak vs strong structure bullish
Weak vs strong structure bearish
This simple graph is worth more than a thousand lessons
Retweet this simple and best educational contents
I remind you that this has perhaps been one of the toughest months for traders in at least 10 years in the crypto world. I myself have hit stops, but that's okay! That's normal! There are months with 100 trades and 2 stops, and months with 20 trades and 10-13 stops. Trading is a long-term job! No one gets rich quickly; these are distorted ideas that make you believe. So if you hit stops, there's nothing wrong, it's normal. If you've been liquidated, it's not normal... but you'll only learn this through experience; no one else can do it for you.
This is the real trading
reality is very different from the distorted reality you think
I want to explain the situation in two simple words
1 the altcoins market is completely different from the one of 2021/2023, now there are too many names emerging every day compromising even those very small names that have a small sense of existence
2 99% of altcoins are useless and make no sense except for speculation and making money if you can
3 liquidity still isn't moving to huge risk assets because capital injection hasn't happened, example (quantitave easing hasn't been activated by fed) that's why you see capital moving to few names prettamnte btc and eth
4 even CT is toxic full of shit and accounts that do nothing but post useless and meaningless things, before there was much more selection, we were here to do
really trading and compare ourselves with much more mature and serious people
5 be objective and don't fall in love with any name! learn to profit because most of the names out here are just crap where we can only speculate!
6 to conclude you will only see your worthless coins pumping if capital moves to hyperspeculative and high risk assets (like altcoins or commodities) and only the fed and monetary policies can do that
hope this is useful for an objective view
P.S. I wish everyone success in achieving their goals! But I'll be honest, it's harder now than it used to be.
@eliz883 I truly appreciate your constant support and valuable guidance in trading I've learned a lot from you and still learning every day🎖🎖 @GeorgeMabook@RKattura