#LINK week timeframe logarithmic chart clearly shows upper

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#LINK week timeframe logarithmic chart clearly shows upper and lower border of consolidation range. Might look like a narrow channel, but its ~40-45% down and 70-80% up. Top of the range 8.46-9.64 Bottom at 4.76-5.53 If the range will be lost, next potential bottom is around 2.48-2.97 #ChainLink $LINK

#LINK   week timeframe logarithmic chart clearly shows upper and lower border of consolidation range. Might look like a narrow channel, but its ~40-45% down and 70-80% up. 
Top of the range 8.46-9.64
Bottom at 4.76-5.53
If the range will be lost, next potential bottom is around 2.48-2.97
#ChainLink  $LINK 

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#Bitcoin followed stock market crash based on economic news. Whether you like it or not correlation between crypto and US economy is huge. Halving has a delayed effect on supply, so at this moment BTC just follows indices. Next week will be decisive. S&P500 and NDX are close to ATH and next week candle will show, if there will be bullish continuation, or we will see final rejection and drop back, which in turn will indicate market state for the whole summer. Hope for the best, get ready for the worst. $BTC closed Friday at 60778. As usual that will be the target for the next week PA regardless where price find itself on Monday open. That is the only and main hint I can give. The rest is fantasy, but I can see BTC at ~59112 at least and possibly revisit ~62250 as well. P.S. On Day timeframe #BTC is still within downtrend drawing lower highs and lower lows, but Week chart remain within uptrend consolidation. Nearest liquidity pools: above - 61640 / 63600 / 64750 / 65615 below - 59800 / 58600 / 57980 / 56225 SR levels to watch PA: 🔸65500 - week high 🔸63088 - week close 🔸60651 - April close 🔸59150 - April low 🔸56975 - Nov'21 close Trend: D ▶️ W 🔼 M 🔼

I wrote about TRB on May 3rd here, when it looked similar to how $UMA look now. And it went up by 137% back then. Not insisting, but there is a possibility.

🤑 ALTS season coming? Total Market Cap excluding BTC and ETH => if that green zone holds, alts can make another leg up. And that chart is only for alts, so we are talking about potential alts season. At the same time it is important to point out that this is a Week chart and if chart start ranging in a bull flag pattern, this consolidation may take another 9-13 weeks

#Bitcoin bounced from April close. Just a small wick below that level appeared to be enough. At least for a bounce. Hard to say what exactly helped crypto recover with such a small effort - was it pumping gold, or dumping DXY. Or relatively bullish stock performance. All together. In any case $BTC is at closest point to reversal back to higher timeframe uptrend since it started retracing in the middle of April. I'm sure you'll see enough bullish reviews out there today, so I will post something to cool you down instead. On day timeframe #BTC still within downtrend structure of lower highs and lower lows. To break it price has to continue growing higher till it wipe out stops above 65500. And only after that move it can return back to 63k, or 61k or even 59k, but not lower. Main bullish factor now is that lower zones have no high liquidity pools left. Just for comparison. Approximately the same amount of liquidations will be cause at 50500 and 67400 - try to guess which way it will be easier for whales to push the price first 😉 Nearest liquidity pools: above - 63650 / 64900 / 65640 / 71740 below - 60790 / 60450 / 59950 / 58600 SR levels to watch PA: 🔸66025 - week close 🔸63088 - week close 🔸60651 - April close 🔸59150 - April low 🔸56975 - Nov'21 close Trend: D ▶️ W 🔼 M 🔼 🤑 F&G: 66 < 55 < 64 < 68 < 71

#Ethereum accomplished full swing route up and down from what I've drawn on May 1st. As you can see $ETH is below 3k again, but its not the end yet. Giving it time till the end of this week to find the direction. Against BTC #ETH looks ok and could be at the bottom (unconfirmed). USDT price will follow the global market.