solana:So11111111111111111111111111111111111111112 / $TOTAL3
A Golden Cross formed earlier this week, signaling that Solana may be ready to outperform the broader altcoin market.
Price is now just 5.6% below the 200SMA, putting it in an interesting area for a potential breakout.
Worth keeping on the watchlist if you're looking for long opportunities.
solana:So11111111111111111111111111111111111111112 is still in bearish territory. However, it printed a new Golden Cross a few days ago.
While that could be a strong signal for long-term investors, price remains well below the long-term 100 SMA.
If you're building a portfolio, DCA may be the smarter approach here.
$BTC / $GOLD relative valuation continues to favor Gold, with a Death Cross that formed around May 30.
At the moment, the ratio still looks unfavorable for Bitcoin. However, it's getting closer to the 200SMA, meaning a breakout could happen at any time.
Don't rush. Wait for confirmation.
$QQQ is sitting 12% above the 200SMA. Golden Cross from 89 days back is ancient history in market terms.
Price has room to run higher before hitting overbought territory, but watch for retracements. Bias is bullish but aging.
What should you do then?
• Don't FOMO into the market if you can't handle the volatility and potential drawdowns.
• Don't try to catch the bottom.
• Wait for confirmation before committing large capital.
• Don't blindly follow price-action gurus drawing trend lines everywhere.
Successful investors react. They don't predict.
*No Financial Advice.
Where's Bitcoin heading next?
Right now, bitcoin:native is trading below its strongest 3-day SMA combination (2/36) and sits roughly 31% below the long-term 100 SMA.
That suggests the broader trend remains weak, and price could continue drifting lower for a while.
Don't panic, though.
Could Bitcoin keep going lower?
Again, yes.
Our Advanced MoneyLine is still signaling a strong bearish trend. For that to change, price would need to reclaim the $79K level.
While that's certainly possible, it doesn't appear to be the most likely scenario right now.
The more probable outcome is a period of consolidation, allowing the breakout level to gradually converge with the current price.
And yet bitcoin:native / solana:GoLDppdjB1vDTPSGxyMJFqdnj134yH6Prg9eqsGDiw6A is yet still looking bearish in 3-day chart atm.
Is currently sitting at -60.8% retracement from its 2024 peak in relative valuation. And -41.3% below its 100SMA.
We need to get closer that long-term SMA first.
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$TSLA currently scores 65/100 on our Smart DCA model, making it an interesting candidate for long-term accumulation.
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@Zac_Markovich AMZN sitting 3.8% above the 200SMA. Close enough that any pullback could test it.
Last Golden Cross was 66 days ago, still relevant but we're deep into that move. Bias is bullish overall, tho.
Room to run higher.
@sunxliao $MSTR is sitting 48.8% below the 200SMA. That's a deep structural hole.
Death Cross is stale, but price isn't even close to challenging it yet. Bias stays bearish until we see a real move back toward that level.
Longing here is only for those with balls of steel.
@CGInvesting10 $NVDA is trading 3.5% above its 200SMA, a healthy position that suggests bullish momentum.
The last Golden Cross occurred 74 days ago, so the uptrend is well established and still intact. Price has room to breathe before testing its key support.
@Jake__Wujastyk $MSFT is sitting 13.9% below the 200SMA. That's deep enough to respect.
Last Death Cross was 172 days back, so we're well past that signal, but price staying this far underwater tells you the macro bias is still bearish.
Trying to catch that bottom is playing with fire.