Vertex
@bankbank55
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129 Followers
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🪙 $BTC 1D (https://www.tradingview.com/x/L8vdsANr/)
Right now, there’s a lot of buzz about a chart showing Bitcoin breaking through the upper level of its channel, with hints of a possible breakout to $80k and beyond.
From my perspective, this scenario is quite possible due to the massive inflows into BlackRock ETFs. Essentially, any inflow is fuel for growth when it comes to Bitcoin.
Previously, we saw Grayscale selling and BlackRock buying, but now Grayscale is no longer selling, and BlackRock continues to buy.
Most likely, in the future, we will see Bitcoin’s volatility align more closely with the S&P 500 index, while altcoins will have a life of their own and will regularly face pressure from the SEC. 0 reply
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🔷 $ETH 1H (https://www.tradingview.com/x/kn3E5NR9/)
Ethereum has shown prolonged weakness against Bitcoin, and previous setups for ETH (https://t.me/elonmoneytrading/2997) were closed at breakeven, so now it’s time for new ones.
Currently, it’s the weekend, and dominance might noticeably decrease. If Monday opens well, there’s a chance that ETH will start moving, potentially signaling the beginning of a local altseason.
ETH/BTC (second screenshot) is at critically oversold levels, and from this zone, we might see a reaction and a rebound.
For ETH, we are waiting for a breakout of $2500. If we break through with volume, some magic might happen, taking ETH to $2700-2800. But that’s if it breaks.
The U.S. elections are less than a month away, so we might see a lot of positive movements in crypto. 0 reply
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