bitcoin:native bitcoin:native map for this week, all in one picture.
Buyers keep defending 63.5k to 64.5k. Every dip gets bought.
Sellers hold the wall at 66k to 66.8k. Every push gets sold.
Fear index at 28 while support keeps holding. Interesting combo imo ๐
Break 66.8k โ 68k then 70k.
Lose 63.5k โ 61k fast, and I sit out.
No guessing in the middle. The zones do the work
Which way does this box break?
#Crypto
@CryptoTony__ 1.68 gets tapped, thats the easy part. The hard part is having the discipline to actually close the short down there instead of getting greedy at the exact spot everyone flips long ๐
@CryptoNewton Clean structure on this one. Entry sitting on the 0.786 with the stop below it is textbook, and 1.4R to TP1 means you dont need to be right often. Watching 64418 hold
Some perspective, because the timeline needs it rn.
BTC near 64k, down almost 18% on the month, and everyone's acting like it's over. it's not. not even close.
Zoom out. bitcoin has "died" hundreds of times on paper and made a new ATH after every single one. 2015, 2018, 2022. same fear, same "it's finished" posts, same people selling the bottom to the people who are rich now. the chart doesn't care about your patience. it rewards the ones who have it.
And here's what's actually happening under the panic. spot ETFs pulled over $400M a day at their peak. standard chartered still sees 100k this year. bernstein still sees 150k. the CLARITY act is days from a senate vote that hands institutions the legal green light to buy. fear and greed sitting at 26, extreme fear, which is historically where floors get built. not tops.
BTC will see six figures again. it'll make a new high after that too. i'm not guessing, i'm just reading 15 years of the same pattern on repeat. the only real question is who's still holding when it happens.
And the good projects do the same thing tbh. real revenue, real users, real product. they bleed in the fear then lead in the recovery. AAVE buying back its own supply. TAO with an ETF decision weeks out. these aren't lottery tickets, they're businesses.
So the one thing i'll actually tell you: don't die at the doorstep of heaven.
Donโt be the guy who survived the whole bear, held through every dump, then panic sold three weeks before it turned. that's the most expensive mistake in this whole game, and it happens to the people who were almost right.
Levels over feelings. always.
#Bitcoin #BTC #Crypto
Iโm leaning bullish on TAO here. higher low at 180 held, and its holding up even while USDT.D bleeds which is exactly what you want to see, strength on a red tape.
195 is the pivot. above it the path opens to 213 then 225. plus the ETF decision lands august, thats the catalyst nobody's pricing in.
not financial advice but im holding and adding at the levels i like
Thanks @Oldman__Crypto . flows flipped green after 8 red weeks, sentiment still in the 20s, price basing not breaking. thats how cycles start, not how they end
2400 is the level that settles it
$ETH at 1790 and it all comes down to one wall.
The double bottom held at 1510 and 1550, buyers stepped in both times. Price has clawed back about 13% since. That part is clean.
But 1800 to 1850 isn't one level, it's three stacked. The neckline, the 50 day EMA, and a wall of sell orders that's rejected every rally this cycle. That's why price keeps stalling in the same spot.
So I need a daily close through 1850 with volume behind it. Not a wick, not a poke. Get that and 2000 opens up, then 2400 where the 200 day sits. Reclaim that one and it's a trend, not a bounce.
Downside is simple. 1680 is the first line, 1510 is the real one. Lose it and the double bottom is dead, no argument.
Fear and Greed at 24, outflows drying up, nobody down here is rushing to sell. That looks more like a floor than a ceiling to me.
Not chasing into the wall though. Nice base, but a base is all it is until 1850 breaks.
Levels over feelings.
#ETH #ethereum #crypto
@chartexpt Using a weekly close for invalidation instead of a daily wick is the right call. Saves you from getting shaken out on every intraweek flush ๐
@ER404i 90% in a week on a weekly close is not nothing. Vertical moves like this usually need a retest of the breakout zone before anyone can trust it though ๐
$ETH at 1790 and it all comes down to one wall.
The double bottom held at 1510 and 1550, buyers stepped in both times. Price has clawed back about 13% since. That part is clean.
But 1800 to 1850 isn't one level, it's three stacked. The neckline, the 50 day EMA, and a wall of sell orders that's rejected every rally this cycle. That's why price keeps stalling in the same spot.
So I need a daily close through 1850 with volume behind it. Not a wick, not a poke. Get that and 2000 opens up, then 2400 where the 200 day sits. Reclaim that one and it's a trend, not a bounce.
Downside is simple. 1680 is the first line, 1510 is the real one. Lose it and the double bottom is dead, no argument.
Fear and Greed at 24, outflows drying up, nobody down here is rushing to sell. That looks more like a floor than a ceiling to me.
Not chasing into the wall though. Nice base, but a base is all it is until 1850 breaks.
Levels over feelings.
#ETH #ethereum #crypto
@eliz883 Watching the same thing. OBV trendline break plus a daily close over 1850 and 2k stops being a maybe. One without the other and im not interested ๐
@cryptocupra Structure looks similar, timing never is. The people who made it through 2020 werent the ones who called it, they were the ones who held through the boring part ๐ซก
@guru2602 Not many are watching the yearly open, but thats exactly where trapped supply sits. Sweep it, then we find out who actually wants to be long up there ๐ซก
@eliz883 Sitting on hands in the middle is a position too. Most of my worst trades came from needing to be in something, not from being wrong at the edges ๐
@cryptorover Thin weekend liquidity cuts both ways, but the flows flipping green after 8 weeks of outflows is the real story here. Senate returns monday too ๐