Bitcoin, formidable...really formidable! Keep following the plan perfectly here.
It happened as I expected (and I mentioned yesterday), we had good support in the blue band, where cash buyers were well positioned and the price jumped to USD 70K which was the point where I expected us to reach today!
We have already reached USD 70K, but we activated a few SELL orders that we had there, but the vast majority were closed (this was expected), and we are having some difficulty, which is natural, but we will move on from here and that is clear to me.
Today's Economic data (JOLTs) didn't surprise me and the market even less lol, so Bitcoin just followed its plan to USD 73K.
Some arrogant BULLS have already started to open large BUYS at USD 68K, so this should start to motivate cash buyers to push prices even higher. As I already said, I don't expect USD 70K to hold us back again, we will break that and go to USD 73K.
At this moment there are still big BEARS at USD 71K, but obviously when we reach USD 70,100, they should start to leave there, we all know that the price here can be very fast.
Things are just OPTIMISTIC at the moment, so we won't bring a lot of data to support this, it's just OPTIMISTIC, and we'll reach USD 73K soon!
Today we will close above USD 69K to attack USD 73K this week.
Many were expecting us to go to USD 60K, but as I've been saying for days, the most likely here is upwards, so let's go!
Bitcoin, had a decent reaction there at USD 66,600 and we jumped above the green line on the chart, which is an essential price for BULLS to maintain and be able to attack higher prices during the new week.
Yesterday we had a big HACK on a Japanese Broker, which explains yesterday's drop, so it was a coincidence that naturally took the price down and demonstrates once again that USD 73K is just a matter of a short time before we reach it.
It's the weekend, so my opinion for today is the same as I mentioned yesterday, and we have already started to realize this as we had good support in the USD 66,600 region and we are back to work above USD 67,500, so hopefully we can slowly rise up to 68,900 over the weekend and next week seek higher prices.
IT'S IMPORTANT TO REMEMBER: On Monday (06/03) we will have: - ISM Manufacturing Data - S&P Global Manufacturing PMI
This will directly impact asset prices, and obviously this will not be a Monday privilege, we will have important data throughout the week. So stay tuned and expect volatility.
I believe that next week, we will have positive data for the Market and I hope that we can use this to jump to USD 73K.
We are having a good move from BULLS here for a weekend, we can see that some big bulls are positioned at USD 66K/ 66,500 and Spot Buyers are starting to push the price higher, but to keep the price above 67,500 we need see more cash purchases in the afternoon.
The BEARS are not on a break either, it is the opposite, there are several large SELL orders at USD 70K/USD 72K...obviously such large orders at USD 70K should not stay for long, it is just to try to demotivate the BULLS.
It's the weekend and no matter the direction, prices are unreliable, so set an alarm on them and go enjoy family and friends, relax a little!
Bitcoin, really formidable, and as expected hahaha...
It didn't take long to break the blue band on the chart, and we jumped to USD 70K, and also as I expected, several large sell orders that were once at USD 70K were quickly closed as the price shot up.
I expected us to start the week on a HIGH and that is what we are having here and now. I waited to post today after this current 4H candle opened because I would like to see the price reaction here, and I don't think the BEARS have the courage to attack the BULLS at this point, of course I still think we will have some difficulty here at 70,500, but it shouldn't detain us for long.
I believe that today we are doing a good job here, so we just need to close today above USD 70K and as I have been saying since last week, we will attack USD 73K this week.
One very important thing here is that unrealized profits are quite low compared to 2 months ago, so this explains the lack of strength that BEARS are having recently. There is significant SELL pressure around USD 71K (as most that were at USD 70K have gone up), but orders for 360 BTC are obviously too big and will not let you get caught at such a bad price for a sell, so it is likely that they are closed, and if the BULLS manage to beat the spot sellers TODAY at this current price, then we will attack USD 73k sooner than we imagine this week. Whether today or tomorrow, the BULLS will beat the spot sellers by 70,500 and we will reach USD 73K. I believe and hope so!
The big BULLS are not raising their orders here, they are still at USD 65K, and a few BIG bulls are positioned at USD 66K. What's really good here is that we can see that it was big Whales that started the buying movement and that's what we need.
Bitcoin has perfectly followed the plan so far and will continue to do so until it reaches its target at USD73K. See that for a while we had a lateralization within what we expected for the weekend. Now we are seeing BTC jump as early as Monday, and a close today above USD67,400 is what will quickly take us higher.
I've been saying for some time now that I see no reason to be bearish here, of course we won't go up forever, but there is still room to go higher, and today we are seeing +2.50% gains in Bitcoin, as was expected for the beginning of the week.
The bulls should attack USD 73K during this week, and we have several events during this week that make this attack higher possible, on Wednesday, Thursday and Friday, events that will have an impact on the price, obviously I expect it to be an impact positive.
One thing I'm not liking here is the fact that the big BULLS are not moving above USD 61K, they are leaving all the work to the cash buyers. So this lack of large orders closer to the price causes the feeling that we don't have good support, which we should already start to have at USD 63K/USD 64K, in any case it still looks good, and obviously we will have NVIDIA's gains to boost here.
The big bears started to position themselves closer to the price, already taking risks at USD 70K, obviously it is too close to the price and this should not be real, as the price rises quickly, these big orders will come out of there.
The smart spot here for the bulls is USD 73K/ 74K and we all know that, and no matter how much they try to pressure the price psychologically, it won't work, not here, not now!
Bitcoin, Yesterday we were unable to break 67,100 and close above it, of course this is understandable and left the BULLS in a good position to hold prices up here during the weekend. Of course we know that prices are not reliable on the weekend, in any case I believe we should work within this 66,500/67,500 range until the beginning of the week to jump again.
This stop here for some time at USD 67K was what I had always expected, but I believe that in the new week to come, we will be able to attack USD 73K with strength.
The big bulls are still positioned at USD 61K, not taking too much risk and leaving the work here to the cash buyers. However, the big bears have already started to exit from USD 70K, it is true that the BEARS are still very strong there, but see that some are already starting to position themselves at USD 72K which makes a lot more sense than below that.
Be that as it may, I believe that the weekend will not have major movements, but next week we should have important movements and a new clash between BEARS and BULLS at important prices.
The EMAS 100/200 (4H) are very optimistic, and the RSI still has room for something else on the daily, so I remain optimistic here and think that a reasonable pullback is not the time yet.
Bitcoin, REALLY AMAZING! Perfectly following the plan here, see that yesterday I talked about the red area becoming a support and supporting us so we could jump from there, and it was right... we literally reached USD 64,800 and jumped.
I mentioned yesterday about some big SELL orders that were at USD 67K, check right now and you will see that even the big orders at 67,500 are already starting to exit quickly and go to USD 70K, LOL so it is reasonable to say that the BEARS are no longer with courage to fight for the price here, as long as it is above 67,100.
However, I would like to say that I also don't think these positions at USD 70K are smart and I hope they can go up a little more once we attack USD68K.
The data is the same, so let's not stay here talking about data that basically won't make any difference at this point.
What is worth mentioning here is that large purchases are already starting to move from USD 61K to USD 64K and that is good. I like to see these large orders following the spot market, demonstrating that we are convinced here for higher.
There are still some sellers spotting in that USD 67K region, so I don't necessarily expect us to soar through it. I just hope that we can close the daily above 67,100 today to get ahead here by USD 73K.
$BTC I will keep repeating it forever. The Asians and Europeans have an upward trend but when Wall Down Street wakes up they knock down that bullish trend of bitcoin and put bitcoin bearish. The worst thing is that Wall Down Street is supposed to be financial and business geniuses.
Bitcoin, really really good here! We spent the weekend within the expected price range of USD 62,800/64,400, and this allowed us to attack USD 65K today, as I had already posted that we would do this week. So, you followed the plan perfectly here.
Unfortunately, when we reached USD 65K we fell quickly and should continue falling a little lower, up to USD 62,500/62k which is where the BULLS are starting to position themselves to defend prices. I don't worry so much about this new rejection in the red band on the chart, why? This new rejection was motivated by the news that the SEC was notifying Robinhood, that is, there were no large sales orders placed there, on the contrary, large sales orders had been removed today as soon as the price shot up, however, the Cash sellers sold as soon as the news came out behind the scenes and consequently increased the decline when it became public.
The idea that is forming in the Market is that the SEC will continue to attack Cryptos as prices advance rapidly, in an attempt to contain this advance, but this will be totally FAILURE, because there is no way to stop prices in a bull market, you You can do this for a week or two, but you can't keep it up for long.
We need to see the BULLS in the SPOT market push this, we can also see that the Whales helped us there with USD 62K, new help would be welcome!
Anyway, I'm not worried today about these prices here, as long as we can close above USD 62K, then we can break USD 65K during the Week, and that's what I think we will do.
Some large SELL orders were moved quickly to USD 67K as prices were rising, and did not go down any further, so I believe that USD 65K is no longer a good point for the BEARS and they should continue to rise as the price shows strength here.
Nothing to worry about here, keep the game simple!
ALTCOINS: The vast majority of them have already started their BULL run, no matter how much they fell recently, see that the vast majority (I'm referring to consolidated projects and not new coins) in this current drop they tested their breakout prices from the accumulation channel, and were soon thrown upwards again.
I didn't expect SO MANY GOOD coins to reach such low prices, it's true that a large majority of Analysts and their followers bought in October 2023, and we caught formidable prices, the bottom of the market, but still I say that everyone who they are buying at these prices of the breakout of the accumulation channel (which we were only able to reach through the recent drop in BTC), IT IS NOT BAD AT ALL, and whoever picked at these prices also made a great play.
In the last few weeks I have been posting some of the most consolidated currencies that I was increasing like ARB, MATIC, $ALGO and it was raining with comments on other social networks that I was crazy about buying at these prices, because we were going to fall a lot more, see: Some who follow me You'll remember for a while longer that I said: I'M BUYING HERE (IN OCTOBER 2023) and at the time I was criticized for buying LINK, SOL and others... and today we didn't have the opportunity to see them so low, and I continue with extraordinary profits, so honestly I'm not worried about whether the majority thinks it's time to buy or not, after all my social networks are ALL just a way for me to transmit what I'm doing with my money and create good friendships with other genuine analysts in the Crypto space, and it is not a tool to attack and even less to want to control anyone's money, so if you think it's not time to buy, great...don't buy, I'm buying good projects here.
When we reach this point in the market, this is where you start to do DCA on the best and safe projects, up to the probable top, after all, almost no one takes the ultimate top and it shouldn't even be the objective either, forget supreme greed here and stop this fear extreme or will be left out.
7 Crypto Tokens Poised for 100X Price Surge Post-Bitcoin (BTC) Halving in 2024-2025 Bull Run
According to crypto analyst Linton Worm (@LintonWorm), several altcoins are poised to replicate the success of the last bull run, where many alts surged by 100x in just 3 months after the Bitcoin halving. Worm has identified 7 tokens with the potential for a 100x price surge in the 2024-2025 bull cycle.
Historical Precedent
Interestingly, historical data indicates that significant growth has consistently followed every halving event, whether within 3 months or immediately after. Hence, this pattern sets the stage for potential explosive gains in the upcoming cycle.
Linton Worm’s High-Conviction Plays
After analyzing nearly 500 altcoins, Linton Worm (@LintonWorm) has curated a list of 7 promising tokens for the 2024-2025 bull run. According to the analyst, investors need only 2-5 high-conviction plays to potentially earn a few lambos this cycle and maybe even own a mansion in Los Angeles.
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Show more +Show less – Linton Worm’s Top 7 Picks
$NGL (Entangle – @Entanglefi)
Entangle’s $NGL token tops Linton Worm’s list, distinguishing itself as the first fully customizable and interoperable data infrastructure designed for Web3 and institutional use. Moreover, it trades at $1.14 with a market capitalization of $140 million and a fully diluted valuation of $1.15 billion. The project offers fully customizable data pathways for builders and decentralized applications (dApps), ensuring seamless operations across all blockchain networks.
$DEAI (Zero1 Labs – @zero1_labs)
Zero1 Labs’ $DEAI token represents a global decentralized community that brings together developers, researchers, and web3 users, committed to integrating privacy, AI, and blockchain technologies. At a price of $0.5996, a market cap of $58.6M, and a fully diluted valuation of $58.9M, Zero1 Labs aims to bridge the gap between these cutting-edge technologies.
$AQTIS (AQTIS – @AQTIS_IO)
AQTIS, a smart liquidity protocol powered by AI and quantitative technology, offers the $AQTIS token. It is priced at $0.008035, with a market cap of $15.9 million and a fully diluted valuation of $23.9 million. Furthermore, AQTIS is a DeFi project dedicated to creating Liquid Staking Tokens (LSTs) using innovative software that harnesses AI and quantitative technology.
$ORNJ (Orange Crypto – @OrangeCryptoHQ)
Orange Crypto’s $ORNJ token lies at the core of an ecosystem that offers a range of DeFi products and services. These are specifically tailored to assist consumers and businesses in managing Bitcoin and other blockchain protocols. Besides, it trades at $0.373, with a market capitalization of $22.8 million and a fully diluted valuation of $37.3 million, the Orange Wallet emerges as the flagship product in this ecosystem.
$NAKA (Naka Chain – @naka_chain)
Naka Chain’s $NAKA token provides a low-cost, lightning-fast Bitcoin Layer 2 solution, specifically designed for DeFi apps on Bitcoin. Consequently, this enables users to pay gas fees directly in Bitcoin, significantly enhancing the efficiency and accessibility of transactions. Trading at $0.01376 with a market cap of $2.1M and a fully diluted valuation of $28.8M, Naka Chain aims to revolutionize the DeFi ecosystem on Bitcoin.
$NMT (NetMind – @NetmindAi)
NetMind’s $NMT token powers an advanced, massively distributed platform that shares computing resources. Consequently, this setup allows users to access large-scale networks for collaboration, training, developing deep learning models, and building AI applications. Additionally, it has a value of $6.78 with a market capitalization of $235.6M, and a fully diluted valuation of $993M. NetMind also is a leader in AI and distributed computing.
$NAVI (Atlas Navi – @AtlasNavi)
Atlas Navi’s $NAVI token powers an innovative Drive to Earn (D2E) navigation app that uses AI and the smartphone camera for navigating through traffic. Moreover, it trades at $0.2971 with a market cap of $26M and a fully diluted valuation of $89M. Atlas Navi, additionally, can identify road conditions, accidents, lane-specific traffic, parking availability, police presence, and more.
Linton Worm’s analysis identifies seven altcoins set to surge in the 2024-2025 bull run. These tokens span innovative data infrastructures to advanced DeFi platforms. Historical trends suggest significant growth post-halving, promising substantial returns for savvy investors.
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