Global M2 has been a leading indicator for risk assets like $BTC
The hyper volatile meme tokens have trailed this indicator almost perfectly since they became the dominant narrative of this cycle (with extremities on upside and downside)
Hyper-risk will respond well to M2 breaking the highs once again as the market landscape shifts to a more risk-on environment
They're telling you memes are dead, but this shows us bottoms are likely forming here
$DOGE ETF makes me think we haven't seen the cycle top for memes - not even close
Having the guts and ammo to bid memes now could be a generational opportunity and it's not a popular opinion right now, which increases the likelihood of success
Lets see how it unfolds 🎲
My brother Louie Meatstick cooked on this one.
I remember exactly where I was when the $BTC ETF news dropped & we scam pumped, then immediately dropped back to range low the following days. I was at a Caribou Coffee drive through in Edina Minnesota getting a black coffee & an egg sandwich (you wouldn’t get it)
And I will no doubt remember where I was when the strategic digital asset reserve news dropped & the same thing happened… drop back to range low.
It’s bullish news. It’s a bull market. You’ve given up on the golden bull at the wrong time.
Nice cook Louie. Nice cook. Keep swinging bro.
Updated $BTC setup from last weeks post
I'd want this weeks candle close above 85k to reverse the chart back above 89k following a similar path to the 2024 move
The news headlines, sentiment and price action is very similar
If we visit lower levels, price will take more time to reset and build a base before starting the next up-trend
$DXY and US10Y are still looking bearish, which is what we need the most for things to unfold favourably in the coming months
#Altcoins
That is actually super interesting:
Altcoins are behaving very strongly despite the hard drop in $BTC.
This really feels like the big boys are pulling capital out of Bitcoin and gradually placing it into Altcoins.
+Double bottom (Others Dominance).
Altseason?👀
📊 UPDATE: #Bitcoin’s Wyckoff pattern suggests a $100K retest, analysts say the “top is not in.”
A similar setup in 2024 led to a 40% rally. Will history repeat?
$BTC Playing out similar so far.
Let's see if it can retake that range properly and sees some momentum.
Also good to see high ETF outflows the past two days as that was the case during all these other range low sweeps as well.
Where are we?
In terms of #Altcoins, we're at depression stage.
The bull run hasn't even started.
It is about to start, as money supply, Yields and institutional inflow are all going in the right direction.
The big #ETH report – Why I’m Insanely Bullish:
This is a long-term analysis of Ethereum (ETH). We are looking at the coming months, not a short-term hype or quick profits. The focus here is on how close ETH is to a local bottom and why I am heavily investing now. Right now, ETH is the best opportunity in the market. Multiple key indicators technical, psychological, and on-chain confirm this. More in this report!
Technical Analysis: Strong High-Timeframe Signals
This analysis is based on years of price action, not short-term movements. There are 3 major technical developments on the chart, all on high timeframes, meaning high accuracy and massive moves. The higher the time frame, the higher is the probability that the pattern is going to play out!
1. The 200-Week EMA: Historic Key Support
The 200-week EMA has been a HISTORIC level for ETH. It was briefly lost in the 2020 COVID crash and the 2022 bear market, means we have seen ETH below this historic key support at absolute bear market and max fear scenarios, and we have always seen the price rebounding very quickly every time after hitting. Right now, we are only 18% away from this level, signaling ETH is VERY near to its local bottom. A few weeks ago, we were 4% away, it was the day in which I shared with you the massive long signal and ETH spot purchase. The risk-reward here is outstanding! The potential move towards 8-10k is approx 200%, while the potential worst case is only 20%. Risk reward ratio: Excellent! The best trade I found on this market!
2. The Multi-Year Ascending Channel: ETH’s Path Up
ETH has been in a long-term ascending channel, and we are now near the lower boundary level which is historically a prime entry zone. I expect a breakout from this channel in the coming months, targeting the $4,000 region, which has been tested multiple times. Each rejection brings ETH closer to breaking through, and I believe the next test will finally result in a breakout above 4k and the start to our final targets of 8-10k which Iam going to expect in this cycle!
3. The Weekly Ascending Triangle: A Massive Setup
One of the strongest patterns right now is the weekly ascending triangle. ETH has been consolidating for a long time, to be clear, the fractal is forming since 2020, creating a crazy bullish pattern. Moves from this type of time frame do not result in small fluctuations they bring powerful price expansion, same as what we have seen in XRP most recently. The same chart logic is here once again.
4. Tons of liquidity at the level of $4000
Additionally, there is a massive liquidity zone in the $4,000 region. This aligns perfectly with the expected breakout from the ascending channel and ascending triangle as mentioned above. This will lead to the breakout from the ascending channel and the ascending triangle. Both of these breakouts will be fully liquidity driven as well, the market makers will full send ETH through this liquidity cluster and cause a massive breakout from both above mentioned charts
Last words:
ETH is currently one of the most ignored assets in the market. Retail is bored and disinterested. FUD is high, and the same time of bad news and FUD, Institutions are accumulating, as seen in record ETF inflows and massive on-chain withdrawals. Everything lines up, technicals, fundamentals, and sentiment. ETH is trading at a major long-term support level, where it has historically reversed. The risk-reward is excellent, and those waiting for a perfect bottom may miss the move entirely. For me a clear good to go! A very low risk and a solid return. I take the bet big time. Remember these words in a couple of months from now.
Report date: 24.02.25
Current ETH price: $2,650
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