Lucaa
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Going into this week, we have a lot of major macro events lined up, including a Triple Witching Friday, so here are my thoughts and positioning, aligned with the current market structure on $BTC, $ETH, and alts.
First things first, these are the most important macro events this week:
Monday:
China Housing Data
Canada Inflation Data
Tuesday:
US Labor Market + Housing Data (!)
Wednesday:
Great Britain Inflation Data
US Fed officials speak
Thursday:
Great Britain BOE Decision (!)
Euro Area ECB Decision (!)
US Inflation Data (!)
Friday:
Japan Inflation Data
Japan BOJ Decision (!)
The most importan
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$BTC - The price has once again rejected at the prior high-timeframe support range, marked in purple, which has been a strong reversal spot over the last couple of months, following a brief deviation above the 1D Bull Market Support Band, something I covered in my prior update. This rejection is a clear sign of weakness.
Now, the price has once again lost both the support band and the high-timeframe support range marked in purple.
Because of this, I’m tracking the market structure very closely.
I don’t want to take a more decisive stance on the low-timeframes based on a low-liquidity, low-volu
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Hey guys, taking today off to spend some time with family after a long week of work.
I’ll be sharing everything I’ve prepared tomorrow.
Stay tuned!
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GM.
Time for some weekend updates and the Weekly Market Wrap-Up.
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$BTC - Since my last update, even though it may look like not much has happened, there have actually been some important developments.
The price has managed to break above the 1D Bull Market Support Band, which has been a strong reversal spot over the last couple of months and a strong resistance range. Since then, it has been consolidating above it.
If the price can manage to bounce off this support band, then the mid-term outlook will become decisively bullish again.
But I think the best approach on the low-timeframes right now is to remain somewhat conservative until we get clear signs conf
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$MSTR - The price has been bottoming out nicely over the last couple of days inside the high-timeframe support range, which has previously been a strong resistance throughout 2024, which was expected and covered in some of my prior PAT Updates.
That said, before I fully scale out of my hedges, I want to see some clear signs of strength that would confirm the bottom is truly in, specifically the price breaking above the 1D Bull Market Support Band, which has been a strong reversal spot over the last couple of months.
For now, the price has been struggling to do that over the last couple of days
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$COIN - The high-timeframe market structure remains intact, as the price has managed to hold above the support range marked in purple, aligning with the 0.618 Fibonacci POI, which is a good sign.
That said, I’m not liking the market structure on the low-timeframes, as the price has repeatedly failed to break above the 1D Bull Market Support Band, which has been a strong reversal spot over the last couple of months, and that’s a clear sign of weakness on the low-timeframes.
Because of this, I believe that the best approach right now is to remain somewhat cautious and ready for further consolida
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Would you guys like to see more videos?
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One question:
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Which way, Western man?
$BTC
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Is the Bull Market over?
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Stranger Things launch not going so well?
$NFLX
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Seeing everyone panicking around the Japanese bond market.
Should I make a thread on this?
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$ETH - The price has managed to hold above the 1D Bull Market Support Band during the brief correction we’ve seen over the last couple of days, has bounced off it, and is now testing the lost high-timeframe support range, aligning with the golden pocket between the 0.5 and 0.618 Fibonacci POIs.
As I’ve said before, I believe the low-timeframes will flip bullish again once the price manages to hold above the 0.618 Fibonacci POI for a couple of days and consolidate above it, in order to confirm that the bottom is in and that we’re not going to see a rejection here.
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$BTC - The price is currently testing the lost high-timeframe support range I highlighted in prior PAT Updates, which has been a strong reversal spot over the last couple of weeks.
The price has once again failed to break above it, which is a clear sign of weakness.
I believe that the best approach on the low-timeframes right now is to remain somewhat cautious and ready for a potential rejection, until we see clear signs of strength that confirm a breakout above both the high-timeframe support range and the 1D Bull Market Support Band, which has been the main resistance zone over the last coup
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In a Bull Market, the hardest part is simply holding your position and sticking to the plan.
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Still in Extreme Fear.
This is NOT how a top looks.
$BTC
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Timeline's full of people calling for a bear-market on $BTC.
Meanwhile, funding rates are deep in green territories, which historically marks bottoms.
I think it's time.
BTC1.38%
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Seeing some bottom signals.
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We're not bullish enough on $TSLA.
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