UPDATE!

$FTM healthy consolidation above high time frame support while maintaining a bullish descending narrowing wedge pattern.

$JUP forming a descending narrowing wedge. A breakout here would be delightful for the bulls. #altcoin #solana #jupiter

$FTM Looking good so far, also added a possible wedge formation. As long as supports hold, stay long!

$ETH updated resistance. Seems like clearing this resistance will require a huge catalyst news.

$OP update, wick below and currently reclaiming support. As long as the price stays above the channel's support. stay long.

$FTM trading on support here gives a good risk/reward long setup with clear invalidation. Stoch RSI has been reset.

$ENA morphing into a new downtrend channel after losing its support around $0.65. Would wait for a better setup to establish itself.

Are you Optimistic on $OP ?
With the imminent release of ETH ET, this is a good r/r zone to bid with clear invalidation.

CRYPTO OG ARTHUR HAYES INCREASES BULLISH CONVICTION!

In his recent essay “Shikata Ga Nai”, Arthur explained that,

Japanese banks pursued higher yields through dollar-yen carry trades, but rising U.S. inflation led the Federal Reserve to hike interest rates, causing major losses for U.S. Treasury bond (UST) holders. Japanese banks like Norinchukin suffered significant losses and announced plans to sell $63 billion in foreign bonds, mainly USTs. The Bank of Japan (BOJ) is expected to buy these bonds using the Fed's FIMA repo facility, increasing dollar liquidity in global markets. This intervention benefits crypto investors, highlighting an opportunity amidst these financial troubles.

$BTC $ETH

With SEC dropping the case against ETH, $ETH /BTC looking close to breakout after a couple fakeout in both direction. Patience.

$DOGE bullish projection, keeping it simple & expecting $0.11 level to hold.

The timeline/feed is quiet, which is always a good thing $BTC

Resistance worth paying attention to on $ETH /$BTC , especially when ETH ETF looks imminent.

GM & Have a blessed weekend!

🌞GM☕

Rectangle pattern setup for range traders with clear invalidation being presented in $FIL $ENA $W

Balls on the bulls now.

$BTC = "A couple liquidation then Up Only!"
#bitcoin

$BTC dominance has yet to peak, the real #altseason can only commence when this peak. We'll see if ~60% level will cap btc.d. Until then, I'll remain selective on trading alts with good reward/risk setup.

Unlike the past, the current $BTC bull market doesn't have a weak DXY (US Dollar Index) backdrop. Perhaps the key takeaway: always judge a chart by its own merit—correlation doesn't mean causation.

Total3 (Altcoins except for $BTC & $ETH ) Looks to be forming a bearish ascending narrowing wedge, managed my risk accordingly & will wait for a better risk : reward setup. #altcoin #total3

$ENA generated $7.1 mil in the past week, also the no. 1 revenue generating web3 app. @Ethena Labs #altcoin @Cointelegraph