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Achmond

@achmond

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Achmond
@achmond
$BTC Held nicely and is now trading near the 4H 200EMA and top of the high volume node. If this can keep pushing next week, the road is cleared towards $100K+ and beyond.
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@achmond
A warm Farcaster welcome to percking!
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Leverage is slowly getting removed from Bitcoin. If we reach 90K, a good bounce will be expected. Will be a great buy the Dip level.
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All you need for $ALTS: Currently, the altcoin total market cap is consolidating beneath its all time high, after shortly breaking it and rejecting. As long as this trades between ~$840B & ~$1.1T I think it will be choppy. The Euphoria/Mania Phase should begin upon breaching the all time high and moving into price discovery. If this were to trade back below ~$800B, I'd be a bit more cautious. It could technically still be a higher low at that point but it would not be ideal for the overall structure. I don't think the market has much business going back down there if this wants to go higher in 2025.
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Next Bitcoin correction will lead to huge Pumps in some Altcoins. Never a boring day.
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@achmond
$BTC Has been fighting the 4H 200MA/EMA trend. Generally, these give a good estimate of the strength of the low to mid timeframe trend. Currently, the market is quite undecisive during this end of the year low liquidity environment. The reaction from this area will be key going into 2025.
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$SOL Ended up holding well in the area I highlighted last week. Price action might be a bit messy during the holidays as liquidity is low. But if this high timeframe zone around ~$175 is held, I think this should make for a good base to move higher into the new year.
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$TOTAL Altcoin Market Cap has been stuck within this range for some time now. It was rejected from the all-time highs and found support on the ~$840B level, which was the local high in April 2022. A matter of time before we go for another attempt at the highs, I think.
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$BTC Has not been opening up with any major gaps for a while now. Weekends have been pretty choppy recently. Not expecting that to change here and generally think we'll chop sideways until Monday. It's been a volatile week. Good time to take some rest here and charge for the week ahead :) If you decide to be active at all. It is Holiday season after all. Have a good weekend!
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Hope everyone is doing well under circumstances. Obviously $BTC is doing just fine, especially when zoomed out. But I know people are often deep in alts and also use leverage. No rush to buy dips. Generally you get an initial bounce and some sideways action which can go on for a while. Especially this cycle, moves have taken longer and are more stretched out. Mid/long term these flushes are needed to keep the bull run going. We see several each year as we have been seeing so far this cycle. Best of luck out there ✌️
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Close to $1B in positions wiped out on $BTC. An additional $1B+ on $ETH which got hit even harder. This is on the back of market weakness during the FOMC presser by Powell. A lot of overleveraged longs were taken out.
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I just came to know about Purple DAO. It’s fascinating. You can also take the quiz, learn about Purple DAO, and earn some ETH
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never broke again ~ π™ˆπ™–π™™π™š 𝙀𝙣 @poster ( /poster )
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$SOL is above $170 $ETH is above $2700 $SUI is holding strong at $2 #Altcoins are having a fantastic day. The best news? This isn't even the #Altseason yet. This is just a sign of how good things can get. The safety of being sidelined is dwindling
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We were at 59K. I was calling to buy the Dip. The High engagement Bears were screaming for 49K. You know where we are now. PLEASE LEARN ONE THING, DON'T FORM AN OPINION AT THE BOTTOM RANGE. PLEASE!
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Market update: Bounced at key support. Was at resistance and rejected. Back into the choppy range basically as anticipated. More boring sideways in the near term
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With seemingly everything going up and most charts looking good, be careful of FOMO taking over. Especially during big uptrends, there's often quick liquidation flushes of late/overleveraged longs. Those are often when you want to strike and what you want to be patient for.
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$ETH Testing the 4H 200MA/EMA again. This has been a difficult one to break so let's see if there's enough momentum to make it push through this time around.
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#Bitcoin Since the August dump, open interest has slowly been recovering. It has roughly been moving between $9B at the lows ($50K) and $13B at the highs ($70K). Not at any extremely high or low levels as we speak. Just like price.
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$ETH's Grayscale $ETHE outflows started at a more rapid pace than we saw with $GBTC. But at this point ETHE is at the same percentage of assets lost since inception compared to GBTC. The big difference is that the other ETFs didn't get nearly as many inflows as we saw with BTC.
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