The number one rule is dont get wiped out, These are challenging times, stay patient, narrow the focus pay attention to the signals the charts are giving us and we will stay profitable in all conditions
$HYPE has finally broken its high timeframe structure after holding up better than every coin not named ZEC. Still, if I see HYPE in low 30s I buy. I am confident it will push up to 36-38 for a swing trade once the assistance fund swoops in with the millions it made in liquidation fees. I bought some HYPE today for the first time since I sold at $51 and have more bids at $28.
I know these take a bit of time and effort to read but there is so much alpha here for people who put in the work, If ZEC can close above 700 Id expect it to push on to 750+ from there
📊The new rumor is some of the sell pressure is coming from miners who are pivoting to AI. Whatever it is is not following convention. 90k was a perfect spot for a bounce, Bulls should have stepped in at 88k. Now we are at 82k which is a good spot to bounce but we haven't had a real bounce yet.
We have been trading this level to level and there is just nothing that looks remotely bullish yet. Catching the knife is such a hard thing to do and the nature of this selling is so inorganic jumping in front of the train is fraught with danger. I personally prefer to let a bottom form before adding any leverage.
In the market analysis I gave on 14/11 I advised having a long term short bag targeting $ETH (-15%). $DOT (-23%) , $TRUMP (-21%) and $ONDO(-26%). On 7/11 I said I expected to see $SOL at $120.
📊MARKET ANALYSIS📊 In the update 48hrs ago I predicted NVDA would beat earnings, but this would be a "Sell the news" event and potentially take stocks and crypto down with it. Unfortunately that is exactly what has played out.
#BTCUSDT - UPDATE As expected, after the trendline break, the uptrend price pulled back to the trendline and then the price started a downtrend. EMA200 was a good resistance but the price broke it and this is the start of a big downtrend.
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