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Raghvendra Singh

@raghav078

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Raghvendra Singh pfp
Raghvendra Singh
@raghav078
$TAI Has been ranging between $0.1-0.15 for a while now. Looking for it to flip this region to give those higher levels another go. $SOL and AI have both been strong this week so this is a way to get exposure to both. Key level here.
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Raghvendra Singh
@raghav078
#Bitcoin Has now taken out every major lower high from this year except for the all time high. It came within close proximity but wasn't able to sweep it just yet. Honestly better it rejects before to make an equal high vs sweeping it. As this way it's more likely it will go for that high at another point. Didn't think we'd get there pre-election. With the election this close now, I'm still not sure if it can make it but I guess any decent candle can get us there. I'm still just in chill mode for now :)
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Raghvendra Singh
@raghav078
$BTC.D Keeps rising and has now been trending up for ~800 days. Did fill the inefficiency around this 60% level. I would need to see this below 57% to get confidence in a bigger reversal of $ALTS vs $BTC. Until then, the king remains strongest & leading.
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Raghvendra Singh
@raghav078
The entire market meta would go insane and see a lot of capital rotations if $ETH were to put in a decent candle against $BTC. ETH & ETH coins are pretty under-owned and shorts have gotten a free ride on these coins for a long time. Think a relatively tiny move could spark a big squeeze on these things. Think it's a matter of time until this happens eventually anyways. Think start of 2023 kinda runs on some. If you want to be conservative, It's probably fine to wait for these things to properly turn their down trends around and you'd still be capturing a decent move. Can be opportunity cost until then as ETH (and ETH coins) have been for many this cycle. ETH/BTC is the leading factor.
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Raghvendra Singh
@raghav078
$ETH Has been consolidating down here for the past couple of weeks. It's a key level to hold to not risk falling much deeper. This would need to break the falling wedge/down trend channel and horizontal back above 0.046 to look somewhat good again.
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Raghvendra Singh
@raghav078
#Bitcoin Creeping up to that $70K level which we haven't seen in quite a while. Currently just a ~7% move away from all time highs. Election in ~2 weeks which will be the primary driver in the short/mid term. Any news/updates regarding big polling changes will likely have an increasing effect on price.
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Raghvendra Singh
@raghav078
Some #Bitcoin buyers this year are still underwater. Meanwhile, a huge amount of coins have changed hands at this price level during 2024. Generally, the lower the amount of bitcoins bought in profit, the less sell pressure there is at a certain price. Impatient -> Patient.
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Raghvendra Singh
@raghav078
Besides some short ups and downs, we've not really seen $USD liquidity go up this cycle just yet. #Bitcoin Generally makes most gains whenever the balance sheets are expanding and money is being printed. It's not if, but when this happens again.
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Raghvendra Singh
@raghav078
The #Bitcoin ETFs have been going hard this week. The past 4 trading days have seen a combined +$1.639B in inflows. This week is on track to be one of the best weeks since inception.
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Raghvendra Singh
@raghav078
#Bitcoin With the recent move, it has finally broken out of the channel it traded in for most 2024. With this it also broke well above the Daily 200MA/EMA which have been causing some struggles since the Summer. Short-Mid timeframe trend is also up. Spot & Chill 🤝
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Raghvendra Singh
@raghav078
It has been 4+ months (June), since the market was somewhat overheated. Although we have seen short term open interest spikes and some individual overheating of coins. There has been no market wide froth, like we saw earlier this year, in a long time.
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Raghvendra Singh
@raghav078
The market has been consolidating but the stablecoin supply has been growing at a steady pace. Now sitting at well over $160B+ combined. It might not be getting deployed all at once, but I'm sure there's still a lot waiting on the sidelines waiting for clarity (Post elections).
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Raghvendra Singh
@raghav078
What is your favorite coin to hold for the rest of the year? 👇 Excluding BTC & Stables.
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Raghvendra Singh pfp
Raghvendra Singh
@raghav078
Besides some short ups and downs, we've not really seen $USD liquidity go up this cycle just yet. #Bitcoin Generally makes most gains whenever the balance sheets are expanding and money is being printed. It's not if, but when this happens again.
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Raghvendra Singh
@raghav078
$APT Testing the big $10 level. Anything above here is pretty thin in terms of previously traded volume & price action. There's strong support down at the $7-8 level which have held price up nicely over 1-2 weeks. This ran to ~$20 two times already this cycle. There has been an increase in tokens unlocked since, but I still think this is one that can run quickly. Especially if Upbit gets crazy again on the buying like on previous moves. The Koreans really love this coin.
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Raghvendra Singh
@raghav078
Volatility likely only going to get more extreme as we edge closer to the elections. We’ve not seen anything yet I think.
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Raghvendra Singh
@raghav078
#Bitcoin That's a quick $1B+ in positions wiped out after a big move up and full retrace back down to the local lows. Stocks sold off pretty hard after the NY open so with BTC just having moved up and sweeping the 66.5K level, there wasn't enough bid to sustain the higher prices after which it followed stocks back down.
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Raghvendra Singh
@raghav078
#Bitcoin Starting to move up and getting closer to the top side where there's a big liquidity cluster. It took out a lot during the August dump 2 months ago. Right now the biggest clusters on the high timeframe sit above $70K and below $50K.
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Raghvendra Singh
@raghav078
#Bitcoin Another weekend where this worked out perfectly. ✅ Price opened up exactly at the spot it was supposed to, which was the Friday close price. Took a grand total of 3 minutes :)
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Raghvendra Singh
@raghav078
#Bitcoin Attempting to break out of the long term channel it has traded in since 2024.
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