TimMILLionS
5.1K posts
Good to see BTC is still above 60k. Funny how that low was put in just as the business cycle moved into expansion with the January ISM numbers, and then Bitcoin continued to move up after February also came in positive. Probably nothing.
On the one hand, there are some obvious risks, geopolitical and otherwise, alongside the stock market putting in a potential rounded top. On the other hand, Gold is in decline, Copper/Gold is up, and Altcoins like TAO are up more than 100% from their February lows. A coincidence no doubt.
On a personal note, I'm slowly finding my way back from the mountains to civilisation, and I will be home early/mid next week. The Decode Newsletter, DN12, will be ready shortly after that, probably by next weekend.
I've only had a cursory glance at the charts today, and on the surface everything seems to be as expected. However, there's obviously a lot to dig into, and I'm looking forward to going over everything in detail.
The Himalayas were amazing; the scale shift was incredible and really helps to put the world into perspective.
Thanks for sticking around.
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$CRCL - Stablecoins were the play. Market conditions had me feel fine locking profits in at 60% but this is now up 111%. No pullbacks either. This is the reality of trading when you actually share entries and exits, you can't and won't ever be perfect. Great entry, bad exit.
IncomeSharks@IncomeSharks
The entire 10/10 event explained in one chart. Investing in Gold is now a bet against America Investing in Bitcoin is now a bet for America Bitcoin goes up, Stablecoin demand goes up, US treasuries go up, rates come down, National Debt slows, dollar gets stronger
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@Tradermayne Are we heading iyo to your second red trend line? Thx
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$BTC
I think you can treat this break out similar to the last.
So long as we maintain the break out above the range highs we can assume this relief rally has some real juice.
Fall back within the range, then you probably cut long exposure.
Levels of interest for continued upside for me are around $80k then up towards $86k-90k.
I still am fairly confident that wherever this bounce goes, it eventually leads to a lower low. But we don't need to focus on that for the time being.
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It's looking very obvious that #Bitcoin will go higher as long as price does not decrease.
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$CRV
So far not making it to .2621.
This is the worst case scenario from here while still holding bullish structure. A breakdown from .2358 that loses that .224 level invalidates this structure.
As long as you are above .2521 look for .2621.
.2621 is the level to make support, if we go there from here look for 4hrs to hold.
CryptoGrim@CryptoGrim
$CRV Okay boys. We were playing a inverse head & shoulders, but the consolidation took too long, so I erased everything, went to high time frames, and this looks like it could be the one. Adam is made up of his own inverse h&S on LTFs and eve is just doing her thing. .2521 as support = .30+ .2358 has been made even heavier support on this latest fakeout down. AS long as red range holds, higher. .2521 as support is confirmation for UP✌️ Risk down is .2358 as resistance to .2181 at least.
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First time since the top of Bitcoin has OBV put in a steep incline run like this. This is how you know when buyers are actually showing up.
IncomeSharks@IncomeSharks
Bitcoin OBV finally waking up. Would love to see follow through, something that crypto has lacked for months now.
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@PrecisionTrade3 @KeaveneyBuilder Agree. Double zigzag originating from $126k high in final phase. Somethings gonna precipitate a flush down.
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@KeaveneyBuilder Looks like it could test that $75.4k a few times... watching closely. If it cannot break above, this lines up the bottom right at $52.2k for the subwave and main wave.
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@CrypNuevo Anyone know where the @CrypNuevo is at. Last weeks update did not happen and no news since. Is he ok?
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$BTC Sunday update:
As we mentioned last Sunday, the US-Iran conflict is breaking out.
The market was pricing in this conflict throughout the week and price dropped 8%, close to our -10% target.
This is how I expect the stock market and crypto to behave next week:
🧵↓(1/5)
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"So, just like last time, would expect another move back up the range highs soon (not sure if we will take the last local low on our left first or not) and hopefully this time we will break out."
We got to about mid-range before coming back down to take that "last local low" mentioned in my last post.
This is now where I'd once again like to see some strength off these range lows for a move back to the highs and ideally a breakout to the upside.
Want the LTF green zone to hold for this.
$CRV
CrediBULL Crypto@CredibleCrypto
"If $BTC rejects at it's own range highs, would expect CRV to continue to range as well and move back to it's range lows also." BTC did reject at it's range highs and so $CRV did as well (as expected). We have now taken much of the unswept liquidity that we left behind, and the CRV/BTC pairing is back at it's local lows. I really like the way this is shaping up on lower timeframes. Once again with the assumption that we are forming a deviation in HTF demand on the CRV/BTC pairing, this is where CRV/USD should once again begin outperforming against BTC on lower timeframes (sending CRV/BTC back up again for another attempt at re-entry into the larger local range). So, just like last time, would expect another move back up the range highs soon (not sure if we will take the last local low on our left first or not) and hopefully this time we will break out.
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@CJ900X Thank you for your selfless sharing. I really appreciate it. The education you freely give through your experiences and excellent TA are well received. 🙏
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@TimstaMills yeah I already updated ...
x.com/CJ900X/status/…
CJ@CJ900X
$BTC Gm This is why you don't move your stops kids - stopped @ break even overnight. No matter, can't exactly call it an epic opportunity so I'll take it. I'm now going to wait for us to take the range highs into 72-73k to see how we react there.
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@hashgraph777 @decodejar Update to this and once again don't kill me but I think we are in a dbl zig zag..
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@hashgraph777 @decodejar Equal lows taken - had to be insanely patient for this one. Me tinks its time to place an order....
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$BTC
I'm long from the sweep of range low + tag of demand. Targeting 71.4k.
Don't often move stops to break even but there's now no reason for price to return to my entry if this is indeed going to hit target, and I need to sign off for the night.
ETH a little stronger, hence slightly lower target on BTC.
Gn
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@philliphamnett @GunnisonCap @ChintaiNetwork Your exceptionally valid and salient point 16 is what makes context not matter imo.
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1/ @GunnisonCap and the @ChintaiNetwork team minted an additional 250 million $CHEX tokens. I was not part of this decision. But having been deeply involved with Chintai for years, I believe it was the right call, provided certain things happen going forward. Here's why. A thread.
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@IncomeSharks I think they have successfully got you as you missed Epstein files in it all🤣
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In a month we won't even be talking about Oil, it'll be something else. Just like we moved on from Venezuela, from Gold and Silver, from Tariffs, etc. The media can only milk things for so long until they have to monitor another situation.
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@CredibleCrypto And our dear #crv will follow too as you correctly cautioned too.
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Rejection and re-entry into the range for now.
This is why it makes sense to be a little cautious at range highs when you have a lack of impulsive PA that got us there.
$BTC
CrediBULL Crypto@CredibleCrypto
And here we are at the range highs. As previously mentioned we have a lot of confluent resistance around this low 70k's region, so if we are not yet ready for expansion and are going to continue in a ranging environment, then it's very possible we reject from these levels for a potential move to the range lows. Alternatively, if we keep pushing and instead head up to 80k+ from here, odds increase that our bottom is in. Either way, should mentally prepare yourself for either outcome because a number of alts like $ETH and $CRV are also at local range highs and this next move on $BTC will likely determine the next move for them as well (rejection and more ranging OR full on breakouts).
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