Imagine if NFTs were to come back but there was a social trading app experience. Not out the question if this cycle gets wild in the tail end. I’d imagine ETH would need to be comfy above ATH for this to materialise.
Scenario 1 = Everyone rotates into crypto and chants $100k incoming from their balcony. Santa rally LFG.
Scenario 2 = Have a nice Christmas and see you in the 2027 bull market
Hope for 1 prepare for 2
3 simple levels and 4 clear scenarios I'm watch on $BTC (HTF bullish bias):
Scenario 1. (very bullish): Price sweeps into the purple box (monthly levels) for a short visit tags the yearly VWAP (red line) between $72k - 75k weekly closes back above $75k to form a bullish shooting star then $100k is on the cards
Scenario 2. (still bullish): Price bleeds into the purple box capitulates down through yearly VWAP into $67k (maybe wicks to $65k) then reclaims yearly VWAP convincingly also puts $100k as the next big target
Scenario 3 and 4: Not sure how I'd feel above price just v-reversing from here without taking out the lows first. How it reacts at the yearly open ($87.4k level) will largely depend if I perceive it bullish or bearish. A strong weekly SFP at yearly open (before tagging the purple box) will put me in a bearish mid-term bias otherwise strong close above yearly open prob teleports to $100k but I see this less likely and least favourable scenario since it will be harder to position and less RR to 1 and 2.
October closed as an inside month, the two key levels are Oct high ($87.4k) and low ($75k), the reaction from either side will be telling, with a lot of noise in between.
In scenario 1 if strong alts just kinda round out from here which I'd expect then things would set up nicely for that Santa rally we've been waiting so long to see.
TLDR: Bullish HTF bias from yearly VWAP (red line) if demand shows up convincingly on weekly time frame otherwise deep and ugly pull back to $67k then round out before the next leg higher barring any black swans to nuke even lower.
The longer you’re in markets the more you appreciate what it means to survive
The good times can only come if you survive the bad times
It never feels comfortable buying the blood but $BMNR is down 35% from the local top and just reached the area I planned to start bidding.
I look at this stock as a leveraged bet on ETH that retail stock buyers can understand and should ETH really gun for ATH or even the elusive $10k target being touted across the timeline then how high can BMNR go in that scenario?
It might be a little optimistic and early but I like the odds and narrative, they're almost at their 5% of ETH supply cap which might cause a little more shake up but its fair to say many stock buyers both made millions during the last cycle pump in June and equally lost millions during the downtrend so mindshare is real for this one and if you believe ETH has another leg this cycle then its not a bad bet.
Tom Lee will either be very right or very wrong with this company, there's no in between but they're earning yield from staking the ETH so that's something to be hopeful about and if DAT companies come flooding back with that narrative then you want to bet on the leaders.
Considerable strength on ethereum:0x232ce3bd40fcd6f80f3d55a522d03f25df784ee2 during this market nuke. Interesting relative strength against hyperliquid:native on this chart.
If the weekly closes clean above the 50D EMA (blue line) around where it is now then I'd expect a larger rotation from HYPE to LIT and out performance for the foreseeable future until HYPE reaches those deep value levels again.
Struggled at $88 no momentum across the market so naturally $HYPE was unable to push higher. Now fully retraced the ICE news and Druck pump candle not looking great for the time being.
At best a range from 74s-97s but if yesterdays aggressive downward momentum continues then 60s become the next area of interest for me.
It was worth the bid but the broader heavy equity sell of couldn't keep this one alive.
$HYPE looking decent just needs momentum above $88 if there's a real bid. If we see a daily close above $89 today then ATH target wouldn't be unreasonable
$HYPE looking decent just needs momentum above $88 if there's a real bid. If we see a daily close above $89 today then ATH target wouldn't be unreasonable
$HYPE line in the sand for the 3 digit run to $100
Retesting 50D EMA with RSI reset testing 50 at the last high pre-break at $82s
Getting close to the origin of the ICE / Druck pump initiation but losing $78 would likely see this puke deeper that most would like given this recent strength
Decent area to bet on upside now that all the market buy apes have been shaken out. Anything down to $79 (for a quick move) and I like the odds of at the least a real sweep of the highs or trend continuation into price discovery
$HYPE line in the sand for the 3 digit run to $100
Retesting 50D EMA with RSI reset testing 50 at the last high pre-break at $82s
Getting close to the origin of the ICE / Druck pump initiation but losing $78 would likely see this puke deeper that most would like given this recent strength
Decent area to bet on upside now that all the market buy apes have been shaken out. Anything down to $79 (for a quick move) and I like the odds of at the least a real sweep of the highs or trend continuation into price discovery
Big week for the coins. Mid-term direction should become very clear very soon...
$ETHBTC
Daily close above the orange box around 0.02980 probably another 1-2 weeks of alt rotations before reaching a pivotal area.
Potentially just a big range forming on ETHBTC for now unless we close below last weeks low which would get ugly for alts.
3 simple levels and 4 clear scenarios I'm watch on $BTC (HTF bullish bias):
Scenario 1. (very bullish): Price sweeps into the purple box (monthly levels) for a short visit tags the yearly VWAP (red line) between $72k - 75k weekly closes back above $75k to form a bullish shooting star then $100k is on the cards
Scenario 2. (still bullish): Price bleeds into the purple box capitulates down through yearly VWAP into $67k (maybe wicks to $65k) then reclaims yearly VWAP convincingly also puts $100k as the next big target
Scenario 3 and 4: Not sure how I'd feel above price just v-reversing from here without taking out the lows first. How it reacts at the yearly open ($87.4k level) will largely depend if I perceive it bullish or bearish. A strong weekly SFP at yearly open (before tagging the purple box) will put me in a bearish mid-term bias otherwise strong close above yearly open prob teleports to $100k but I see this less likely and least favourable scenario since it will be harder to position and less RR to 1 and 2.
October closed as an inside month, the two key levels are Oct high ($87.4k) and low ($75k), the reaction from either side will be telling, with a lot of noise in between.
In scenario 1 if strong alts just kinda round out from here which I'd expect then things would set up nicely for that Santa rally we've been waiting so long to see.
TLDR: Bullish HTF bias from yearly VWAP (red line) if demand shows up convincingly on weekly time frame otherwise deep and ugly pull back to $67k then round out before the next leg higher barring any black swans to nuke even lower.