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Ben Walther
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Crypto Market Status — 1st June May is over and Bitcoin closed in green. However, $BTC did not manage to close above 70k. On the weekly chart it looks like Bitcoin has retest its breakout (successfully). On the daily chart, we have the second day in a row with more bearish signals. And it were also the bearish signals that delivered the best performance during the last days. $PEPE leads the pack of the most successful bearish signals. Trading the overbought RSI lead to gains of 11%. So, let’s see what the weekend will bring. Have a great Saturday and stay safe!

Crypto Market Status — 1st June

May is over and Bitcoin closed in green. However, $BTC did not manage to close above 70k.

On the weekly chart it looks like Bitcoin has retest its breakout (successfully).

On the daily chart, we have the second day in a row with more bearish signals. And it were also the bearish signals that delivered the best performance during the last days.

$PEPE leads the pack of the most successful bearish signals. Trading the overbought RSI lead to gains of 11%.

So, let’s see what the weekend will bring.

Have a great Saturday and stay safe!

Disclaimer: Includes thrid-party opinions. No financial advice. May include sponsored content. See T&Cs.
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What’s your Bitcoin weekend prediction? 👇 #Bitcoin $BTC
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Can $JASMY reach $1? Many comments asked for my JASMY long-term price prediction, and many specifically asked if I think JASMY can reach $1. My answer is straightforward: Yes, I think it is possible that JASMY reaches $1. Here's why and when this can happen 👇 Let's start with the limitations: 1️⃣ First off, JASMY won't hit $1 overnight. There won't be a single god candle but a bumpy road with pullbacks and corrections. 2️⃣ Secondly, to reach such heights, we need a fully-fledged bull run similar to 2020-2021. 3️⃣ JASMY needs to evolve and deliver the announced partnerships continuously. If all of the above happens, I don't see a reason why JASMY shouldn't be able to reach $1. ➡️ JASMY has a circulating supply of ~49B tokens and a max. Token supply of 50B. ➡️ Accordingly, at a price of $1, JASMY's market cap would be ~50B. ➡️ To put that into relation, here are a few market cap numbers from the last bull run: $ADA : 100B $DOGE : 98B $DOT: 50B Therefore, it is definitely possible (based on the numbers) that JASMY reaches a 50B market cap. 🚀 Summarized: The crypto market is full of surprises. However, based on data and numbers, it is definitely possible that JASMY can reach $1.
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1INCH — Decisive Moment — Back Into The Uptrend Channel? So, here's an interesting one — please read carefully. $1INCH flashed an overbought RSI signal on the daily chart today. As you can see on the backtests, the signal is usually highly reliable — at least for 2-5% gains and a reasonable probability for 10% and more. However, I wouldn't go for a short trade. Here's why and what I would alternatively: ➡️ 1INCH hit the overbought territories very slightly and quickly returned to the neutral area. ➡️ The chart shows that 1INCH got rejected when trying to re-enter its long-term upward channel simultaneously. ➡️ As a result, we saw a 6% dip. Since most of the oversold momentum indicators have already returned to neutral, I don't expect much more selling pressure. Instead, I would assume a second test of the long-term trend. If we see another rejection, we will likely see a more significant pullback. However, if the resistance falls, opening a long position would be an excellent moment. #TradingStrategies #AltcoinStrategies
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$JASMY still looks strong. All smaller pullbacks were bought up quickly. However, RSI has entered overbought territories on the 4H chart. That doesn’t mean we will see an immediate reversal - just be cautious. #jasmyustd
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