5+ years in Investment Banking, scaling my expertise to Crypto, studying historical trends & analyzing market movement
Research @crypto_banter & @frontrunnersx
Look how precisely we have tracked the parallel channel i have given in November 25 and prior to that as well
Marking majority of key lows and tops on Bitcoin
Pay attention!!!!
The Beauty of BITCOIN's Parallel Channels
- Bitcoin have been trading in two parallel channels majorly from a very long time
- The bigger channel is the white one with major cycle/local bottom & tops
- Within that exist a mini yellow parallel channel, that is respected quite often
- As you can see both the channels acts as major resistance and support every now & then
- The current low was a perfect example showing the importance of these channels
- The chart has guided key trend changes and price directions
- The yellow channel is the new range for BTC until things change
A key chart to look at when you are looking at directions in the market
Bank of Japan Hiking Rates Soon
- Rate decision date: 16th June (IMG 1)
- 1.0% from 0.75% hike
- PPI Inflation data came out yesterday for them (IMG 2)
- Act 6.3% vs exp 5.3%, huge jump
- Total of 2 rate hikes expected now till December
- Overall BOJ raising rates have been bearish events for Bitcoin in the previous history
CPI Day tomorrow, Jun 10
- Release time: 8:30 ET (Consumer Price Index)
- Headline exp is 4.2, previous was 3.8% (Big jump here)
- Core excl food & energy is 2.8%, prev 2.7% (Not much uptick)
PPI Day on June 11
- Release time: 8:30 ET (Producer Price Index)
- Headline exp 6.4%, prev 6%
- Core 5.4%, prev 5.2%
Since the last PPI reading was way hot (6 vs 4.9 exp) and PPI is always leading CPI, we can see a surprise hot reading too above expectations (But in can take couple of months for ppi to reflect in CPI)
What are your takes on the next cycle?
BTC.D never dumped this cycle as we never had alteseason. Usually btc leads the bull run. Othersbtc is bouncing of a very critical trendline which led to previous continued outperformance from alts. What's your thesis on how we should invest in this bear market? Btc heavy or alts heavy? Or balance to be safe as we don't have a clear path for dominance. Also we have a death cross on btc.d 50W & 100W. This previously used to happen in bull runs.. keen to hear your take on this please
Semiconductors Overheated
- The SOX semiconductor index is sitting at weekly RSI level 86
- The index is up 277% since last bottom in March/April 2025
- The level of surge in price often leads to a major correction
- Gold did the same this year
- The level on RSI goes back to 2000 and 1995
- This is how overheated we currently are
- While the trend feels fun, the music can stop any moment or can stay overheated for a while too
- You can clearly see what happened last time when we were this overheated 25-30 years ago
- Semis now accounts of 23% of SPX, in 2022 that figure was around 2% only
- Semis has played a significant role in SPX run lately and now they seem far overstretched
Something to consider while looking at the bullish markets
SEC proposal may allow trading of company stock tokens without the underlying firms’ backing or consent
- These tokens enable speculation on stock price movements and would trade on decentralized crypto platforms.
- They won't automatically carry full stock benefits like voting rights or dividends
- Platforms must offer key investor protections (or equivalent benefits), or they can't list the tokens
BTC/DXY at an Important Support
- Bitcoin against DXY back in action, support and resistances are quite precise on this chart as you know
- We are right at the blue trendline support now, most of the time BTC took major support at this trendline
- We are finding some support at this level currently, if held can act as an area or strength, momentum has not yet flipped to the upside but oversold on 4H
- If lost, BTC will quickly follow to lower prices
Watching this closely
Something to look forward to in finding direction in the markets