Hey, guys.
I hope you're okay. Bitcoin fell 5% amid escalating conflict in the Middle East. Today in the weekly review I warned that the bearish momentum remains in priority, that the uptrend was broken, and that if the price breaks 62K we will quickly come to 60K. Actually, this scenario was realized. At the moment there is a significant decrease in open interest, which indicates the closing of short positions. I think there are chances to get a rebound from 60K. It is still possible to remove the minimum, but they should not fall much lower. Took a position in Long with a canceled scenario of 59.2K.
#BTC $BTC

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Hey guys.
The crypto market is positive and full RISK ON.
The leverage ratio is at the highs of the year. At times like this it is important not to jump on a train that has already left without you, FOMO is the most common cause of idiotic behavior. Opportunities arise in the market every day, if the train has left, wait for the next one.

#FOMO #RiskManagement

Hey, guys.
ETH is breaking through the $2,400 resistance.
As part of an experiment, DCA purchased $70 worth of Ethereum.
#ETH #DCAexperiment $ETH @Ethereum

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Hey guys.
This is a weekly review of bitcoin.
Last time we talked about the price pushing to the 64-65K zone and possible continuation of growth with 67-68 targets. Last week the price was able to reach 66.4K and I partially traded this move.
The ETFs market closed the week with one of the best values with inflows of 1.1 billion, but despite this the current week started with a correction, currently Tuesday the price is trading -4% from last week's high.
Onchain metrics do not show any abnormal activity all within the average values, the balance of exchanges is still low.

On the chart, the price is back in the 64-63K range and the local support to watch for is now 62K, if it is broken, the price will quickly return to the 60K zone. To say that the bearish momentum is lost and we are rising again, the price should be bought back above 65.5K. The price has broken the rising trend line.
At this point, the leverage ratio of all trading participants is at its maximum and it would be a big surprise to everyone if bitcoin continues its downtrend by testing the 67-68K zone. Locally, I think we will be trading in the 60-66K range for some time. The place now for medium-term trading is not the best, but there is no reason to say that we are turning around and will fall, we can try to pick up with targets to renew local highs, at least I will act like this and look for an entry point.

I think that before the elections in the USA the market will be kept from sharp movements and we should enter on the date of elections plus minus on the positive. It is also worth remembering that October is one of the best months of the year for bitcoin and the entire crypto market, and for the last 5 years October shows 100% seasonal dynamics.

#BTC $BTC
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Hey guys.
This is the weekly bitcoin review.
Last time I said I was leaving some of my position in the market and would wait to see where the price goes. In fact I closed my entire position around 62K, total P/L around 20% with a little leverage.
Last week the Fed cut the key rate by 50 BP, statistically there is a pullback a few days after the meeting and now the market is following that pattern. But overall I like the way bitcoin is holding up, and the price reached 64.5K over the weekend.
On chain metrics are not showing any clear signals, everything is at average values.
The spot ETFs market saw inflows totaling about 400 million last week.
Technically, the week closed bullish.
On the daily chart, things are still looking good, with price consolidating above the downtrend, and pushing up to the 65-65.5K resistance. We should realize that we are in the zone of unloading and profit taking and this is not a good place to trade with shoulders. The price has drawn a pin bar on the hourly chart with clusters in the upper boundary and this may be a signal for a potential correction. Does it mean that the upside is over? I think not, and we can go higher, but the question is how to trade it if we talk about trading, if we talk about investing or DCA approach, but here it is simple.

What am I doing at the moment? I am looking at the formation of the price structure around 64-65K. As well as the dynamics of open interest. I think that in this zone we will see the formation of a comb for some time, and the exit from this formation will give a signal to the deal, it can be a breakdown or a false breakdown of the lower boundary.
Priority to Long, but corrections to local supports can give opportunities for short-term trading, for example, a test of the 60K zone is possible.
More medium-term, I think we can test the 67-68K zone, and then we will have to look at the situation.

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#BTC $BTC

Hey guys.
The value of #XRP rose 9% today on news of #Grayscale plans to launch an $XRP trust, this trust is aimed at institutional investors seeking greater access to XRP in the current regulatory climate.
This trust could later be converted into an #ETF as the company has already done with the bitcoin trust.
On H1 we have an undoubtedly bullish momentum which has a good probability to continue, medium-term resistance is at 0.65 and real targets in the development of a move towards this zone. Whether or not the price will be able to break through this resistance is to be seen later when the price approaches this zone, now it is too early to talk about it. I will only say that if the zone of 0.65 will be broken, the conservative targets on the “book” are equal to the width of the sidewall, i.e. the zone of 0.9-1$.

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#Write2Earn!

Hey, guys.

$XRP has once again “rewarded” its holders with a nasty performance relative to the rest of the market.
The instrument is in local consolidation, with a push to the level of 0.6$. At breakdown it is possible to consider Long. But as I said earlier it can be interesting medium-term only at breakdown of 0.65$.
#Ripple #XRP @Ripple Network

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Hey, guys.

$XRP has once again “rewarded” its holders with a nasty performance relative to the rest of the market.
The instrument is in local consolidation, with a push to the level of 0.6$. At breakdown it is possible to consider Long. But as I said earlier it can be interesting medium-term only at breakdown of 0.65$.
#Ripple #XRP @Ripple Network

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Hey guys.
This is the weekly bitcoin review.
Last time I said I was leaving some of my position in the market and would wait to see where the price goes. In fact I closed my entire position around 62K, total P/L around 20% with a little leverage.
Last week the Fed cut the key rate by 50 BP, statistically there is a pullback a few days after the meeting and now the market is following that pattern. But overall I like the way bitcoin is holding up, and the price reached 64.5K over the weekend.
On chain metrics are not showing any clear signals, everything is at average values.
The spot ETFs market saw inflows totaling about 400 million last week.
Technically, the week closed bullish.
On the daily chart, things are still looking good, with price consolidating above the downtrend, and pushing up to the 65-65.5K resistance. We should realize that we are in the zone of unloading and profit taking and this is not a good place to trade with shoulders. The price has drawn a pin bar on the hourly chart with clusters in the upper boundary and this may be a signal for a potential correction. Does it mean that the upside is over? I think not, and we can go higher, but the question is how to trade it if we talk about trading, if we talk about investing or DCA approach, but here it is simple.

What am I doing at the moment? I am looking at the formation of the price structure around 64-65K. As well as the dynamics of open interest. I think that in this zone we will see the formation of a comb for some time, and the exit from this formation will give a signal to the deal, it can be a breakdown or a false breakdown of the lower boundary.
Priority to Long, but corrections to local supports can give opportunities for short-term trading, for example, a test of the 60K zone is possible.
More medium-term, I think we can test the 67-68K zone, and then we will have to look at the situation.

If it was useful for you don't forget to subscribe so you don't miss anything and give us a reaction.👍
#BTC $BTC

Hey, guys.
Haven't looked at #Starknet in a while.
Tool has been rolled to the bottom, -85% of ATH.
At the moment price is consolidating and I'm watching for a breakdown, I'm interested in a downside false breakdown with a quick return to the range, or a true upside breakdown.
The use of this protocol cannot be said to be completely absent, but it is only in 9th place on TVL.
The spread with #TOTAL3 is also drawing a W pattern, but we realize that a bullish consensus in the market is needed to work out this scenario.

All in all, I'm putting $STRK on notice, and on my watch list.

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#Write2Earn! @Stark Net

Hey guys.
At the beginning of August, I recommended the #RUNE trading setup, which brought 25% profit. Then there was a pullback, together with the rest of the crypto market. Now the instrument is testing key support again and a long position with a short stop could be considered.
In addition, there have been many recent developments on the project, including partnerships, security updates, etc. Which may attract additional buying interest. r/r 1:2

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#Write2Earn! $RUNE @THORChain

Hey, guys.
Today is Monday, so it's time for a weekly review of the instrument.
Last week I wrote that the volume of liquidations when the price was rising was 8 times higher than when it was falling, and that it would be easy for buyers to accelerate the price. I also considered buying at the breakdown of the key zone of 56K. As a matter of fact, we saw first a throw into the 58K zone where the price stood for a while and then boom and we are already at 60K. In fact, this trade was quite easy to read and had a good r/r, if we want to make money on trading, we have no right to miss such trades.
On the weekend the price reached 60.6K and after trying to consolidate above 60K we saw the market smile and the price went to test the 58K support. At around 60K I reduced my risk a bit.
What I am doing, I still have a part of the position in the market, and if the price goes higher it is good, if not, I took some money out of the market and I will not be upset. Stop is still below 55.5K.

Key supports are 57.5K and 55K zone.
In onchain metrics there was an outflow from exchanges, reserves on exchanges are also low.
Open interest in futures contracts decreased when reaching 60K, which tells us about partial unloading of buyers. Perhaps the price will reach the 61-61.5K zone where the downtrend is located, and as long as the price has not broken it, we cannot say that we are back in the uptrend.
This week the main event is the Fed interest rate decision, and it is impossible to make any predictions on how the price will behave. At the moment, the probabilities of a rate cut have shifted to a double cut of 60% and 40% towards a 25 basis points rate cut. The double reduction will mean that the Fed recognizes the problems in the economy, and it is hard to say how the market will react to it. It is worth remembering that after the last two Fed meetings the market was falling, whether it will be the same this time or vice versa, we will see.

Stay tuned.
#Write2Earn! #BTC $BTC

Hey, guys.
ETH is breaking through the $2,400 resistance.
As part of an experiment, DCA purchased $70 worth of Ethereum.
#ETH #DCAexperiment $ETH @Ethereum

If it was useful for you don't forget to subscribe so you don't miss anything and give us a reaction.👍

Stay tuned.