SEI is looking solid. Not many coins on the higher timeframe look as good as SEI and TAO right now. Of course, the price can always go lower, but the market structure is there, and we can start cooking based on the data we have. One thing is clear, we need a clean breakout from this descending trend to open the door for a retest around $0.60. A breakout could send it 100%+ higher, maybe even more. Keep an eye on this setup. The outcome could be massive.
Is Crypto a Bad Girlfriend? Ask yourself this: Is your relationship with crypto toxic? Lately, it feels that way: ? Rugpulls every day—Libra, TRUMP, MELANIA, PENGU, PNUT... the list goes on. ? Staking inflation spiraling out of control in PoS projects. ? Narratives changing every 6 months to make you spend more. ? Most altcoins down 50%+ in 2024, making the USD look like a safe haven. ? Hacks everywhere, with millions stolen daily. Just in my circle, friends are getting hacked weekly, calling me for help. It’s out of control! Now, the biggest heist of all time on Bitget?!! ? $1.4B gone in seconds—probably straight to North Korea. Meanwhile, traditional finance (TradFi) and banks are having crisis meetings today, figuring out how to avoid being the next headline. Is Crypto Worth the Risk? Gold can’t be hacked. NASDAQ has never been hacked. Why invest millions in something intangible and so vulnerable? Today, $160B vanished from the crypto market cap (-5%)—and it’s just the beginning. Do you really believe governments will store national reserves in crypto? Who will control the keys? How will they prevent hacks? If Bitget can lose $1.4B, how can you trust anyone to manage national reserves? Imagine This: Stealing 14,000 tons of gold from Fort Knox? Nearly impossible without being noticed. Stealing $1.4B in crypto? Done in a second. Crypto is becoming a liability. ? She lies to you about her tokenomics. ? She wrecks your leverage and drains your money. ? She tries to hack your wallet every chance she gets. So why are you still with this girl? Meanwhile, Wall Street keeps printing money for investors—without the chaos. Investors are fed up. ? Crypto is heading for its dot-com crash. Get ready for the dump.
What we need to see is a bounce back from 92k. 91k will be the nail in the coffin for now until septembers final pump to make its top in october around 120-130k
Good evening everyone as you can see we have a classic Shoe Pattern sell signal forming on the Bitcoin eight hour chart. Naturally, shoes want to step on the ground, and anybody who might be hanging on underneath. This appears to be a classic Docker with full leather upper and potentially a steel toe. Please take appropriate action. And while I'm confident bitcoin is coming down, this is not investment advice, it's a drawing of a shoe. But as you can see, the shoe fits. CRYPTO:BTCUSD CME:BTC1!
#USDCHF has a bullish pattern ! its fair because the DXY chart is bullish too ! also we have a wedge at the end of the both charts ! check this out https://www.tradingview.com/chart/DXY/Z7Ac2Qa0-DXY-update/
Solana at $139 50% level from top 2021 to bottom 2022 is at 138. Most likely this is the bottom area and we should eventually bounce form here. If it takes days or hours is hard to say. But for the bulls this is the area to hold. For the bears you want to break below and hold below for days. Im bullish. Total 3 going down on low volume is also a bullish sign for the market. Im buying. Are you buying?
TELEFONICA is presenting a humungus 20 year large harmonic structure and is locally confirming levels as support. Easy to manage risk here, will hit TPs when you are 90 years old. Enjoy : )
Levels of interest on Nq RTY and Es futures and what may lie ahead.
A Fair Value Gap (FVG) is a concept used in trading to identify areas of price imbalance on a chart. These gaps occur when there is significant buying or selling pressure, leading to rapid price movements that leave behind gaps on the price chart. Essentially, an FVG represents a zone where the market did not trade efficiently. Historical chart data can show that price has a tendency to dip back into these FVGs before the continuation of the overall trend. FVGs can be found on all time frames and can be used as a form of support and resistance. When price dips into these Gaps, that is the opportune time to enter a trade, allowing you to have a tight and logical Stop Loss below the FVG (PLEASE ACCOUNT FOR SPREAD).
Its make or break for bitcoin. Will be watching closely for opportunity of entering either long or short. Will update if necessary