Bitcoin has now officially fallen below its $75,000 Buyer Zone and entered the Dead Zone.
There is VERY little liquidity between $75,000 and $67,000, which means any moves BETWEEN these two levels will likely be extremely volatile and weak in nature.
Fortunately, the daily Price Meter has already extended below −3.5 into the oversold region. However, caution is still recommended.
CoreWeave has rallied over 18% in after-hours trading following an absolutely CRUSHING Q3 earnings report.
Going into this week, there were A TON of question marks around neoclouds and their long-term sustainability. It seems like CoreWeave just put some of those concerns to rest.
As a result, price has pushed through multiple Seller Zones as buyers gain strength.
Just be a bit careful over the next few days, as $CRWV’s Price Meter is getting VERY extended on the lower timeframes.
What an insane read on AMD from The TA Toolkit.
The 4 Hour Time Frame Identified:
1. Exactly Where The Buyers Were
2. Exactly When Momentum Was Turning
3. Exactly When The Price Was Getting "Too Low"
All right before AMD made a 33% reversal over just 2 days.
Don't fade the toolkit 😤
$XRP is now just 8 cents away from its next major Buyer Zone at $.98.
With a price meter reading of -4.14, it seems reasonable to assume that the buyers are going to try to step in pretty soon here.
Time shall tell.
$NVDA is RAPIDLY approaching its next Buyer Zones near $164 and $160.
The TA Toolkit Price Meter has plunged to −4.93, a reading we haven’t seen on NVIDIA in over 10 years.
Are we approaching a generational buying opportunity, or is this sell-off about to get even worse?
Bitcoin is currently in a VERY important battle between buyers and sellers as buyers attempt to hold the $75,000 liquidity zone.
With a price meter at -3.5 (officially the oversold territory) this could get REALLY interesting if support holds successfully.