BTCUSD looks ugly
מעודכן
Market cap indicator ranged 2.350 - 2.450 trillion since end of May. Still don't know why it works.
BTC targets: 69, 62, 58
ETH targets: 36, 26 (not as solid on this one)
Time expected: within a month
Good news:
ETH ETF soont
Bad news:
Bitcoin developers are talking about miner centralization being a problem
Top signals:
Celebrity grifters
Alt traders are scaling their charts to predict a huge pump
Old BTC wallet movements
ETH ICO wallet movements
Still waiting for the ETH pullback. Potential bull case is everything just lifts up and sidelined need to buy in / shorts puke. I think ETH underperforms because there is nobody left to buy. Everyone is too bullish on it. It's also slightly inflationary since switching to PoS
BTC targets: 69, 62, 58
ETH targets: 36, 26 (not as solid on this one)
Time expected: within a month
Good news:
ETH ETF soont
Bad news:
Bitcoin developers are talking about miner centralization being a problem
Top signals:
Celebrity grifters
Alt traders are scaling their charts to predict a huge pump
Old BTC wallet movements
ETH ICO wallet movements
Still waiting for the ETH pullback. Potential bull case is everything just lifts up and sidelined need to buy in / shorts puke. I think ETH underperforms because there is nobody left to buy. Everyone is too bullish on it. It's also slightly inflationary since switching to PoS
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Should pay attn to PA an hour before each 6hr closeהערה
bsc.news/post/hong-kong-might-allow-staking-for-ethereum-spot-etf-staking-in-2024This is a bullish case for ETF. I understand that bitcoin ETF was bullish because more buyers = price go up, but US institutions are the antithesis of sovereign money. Bitcoin also has a tendency to dump hardcore when public sentiment turns too positive
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I've read that investing in SPY at ATH is better ROI. That was when interest wasn't up. Sideways otherwise? Breakout top won't pop?הערה
Didn't expect 66k to be a price of contention. It looks like bearish sentiment starts to feel confident at this level. Expecting pump to 68k max, beyond that it would rebound into 70ks. Remember if chop above this low then alts/shitcoins will outperform, it's a gamble if it does. If it's a gamble -> fomo -> it go down????הערה
BTCUSD premium negative (not funding) on a pump = disbelief. Disbelief is an indication of STRONG reversal due to mkt stops/buying higher. From the last two times it happened in recent history, it looks like >5% SFP to bring price to lows that haven't been seen in a while is needed. Don't think it'll be that easy, but will pay attn to 62k 58k reactions.הערה
I wrote continuation on the chart then I remembered 62 58. Letting premium confuse me. Should wait for reaction to big move...early July ETH ETFהערה
62k bounce. maybe run through like butter thoהערה
last time btc was 62k, eth was a smidge under 3k, right before the etf runupהערה
May 6 2024: Fed's Williams and Barkin soothed worries about any rate hikes in 2024June 18 2024: MORE FED'S BARKIN: I AM OPEN MINDED TO THE POSSIBILITY OF RATE HIKES IF THERE ARE SIGNS OF OVERHEATING
tradingview.com/news/macenews:221250f89094b:0-more-fed-s-barkin-i-am-open-minded-to-the-possibility-of-rate-hikes-if-there-are-signs-of-overheating/
finance.yahoo.com/news/feds-williams-and-barkin-soothed-worries-about-any-rate-hikes-in-2024-171440072.html
What fundamentally changed for him to change his mind?
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what a thrashing
My published indicators: tradingview.com/u/NeoButane/
Sorry if I haven't replied to your message yet, I'm a bit backlogged :)
Sorry if I haven't replied to your message yet, I'm a bit backlogged :)
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