$BTC.D, the majority indeed didn't survive this.
Been updating and following this chart regularly since last year and it has played out pretty much like I anticipated.
After the bottom on BTC.D last year, I was expecting a smooth move up to set the final bear trap on altcoins before unwinding to the downside.
During the 10/10 flush we got a very aggressive wick that filled the 0.75 fib instead of fully sweeping the highs.
Looking at how BTC.D has behaved over the last few months and where ETH/BTC is sitting now, I'm inclined to believe that 10/10 ended up leaving a worse impact on altcoins than a clean sweep of the highs would have.
That said, there's still no clean breakdown on BTC.D yet but the weekly structure is undeniably weakening. A confirmed breakdown from here would send it crashing and finally trigger the long awaited altcoin party.
June is a pivotal month for crypto in my view.
Continued weakness in BTC.D = prolonged bear for the whole space. Strength here = crypto becomes hot again, fast.
Watch this chart closely. Everything keys off of it.
Morning Morning, still waiting for the weekly close. however expecting a positive reaction on this level, Still just a retest imo..As long as the roller coaster of worry keeps people confused..Weekends making people so bearish that when the week starts, they are offside because they listen to the news for their decision making
Now these basic principles are based on Larry Williams teachings, good entry points- however the way I read the market is also with momentum building that when this resistance breaks which its on now then you will see a solid breakout which would then make orange a entry point as it would be the downtrend from the high breaking out
The weekly is starting to look so good...Does not look like the lower time frame has much time left before this breaks down- meaning breaks up for $BTC, just little more patience...
#UntzCrew#Chickencrew
$CRV is one of my favorite coins to hold going into a bullish season.
On the macro, this looks like a classic AMD setup, with the manipulation phase likely unfolding over the coming months.
We’re currently sitting right at a key weekly liquidity + demand zone around the 10/10 lows.
Wouldn’t be surprised to see a local bounce from here.
But if we don’t get that reaction, I’d much rather be patient and let the price come lower into deeper discounts.
Ideally, I’d love to get long bids filled around the $0.10 region and below.
No need to chase let the manipulation play out, and position where the edge is.
#CRV #CRVUSDT