Bitcoin is currently in price discovery mode.

It’s testing levels we never tested before and trying to look smart by predicting tops can cost you a lot.

Can this be top?

It could but I would not bet my money on that neither should you!

Out of 1000 traders, you may find one that made money predicting the tops of similar bull cycles.

No signs of stopping.

This is a parabolic move up but this can hit $50k or even more before making the bigger correction.

Bitcoin is now in the top 8 of most valuable asset in the world 👀

The bull run isn’t over yet!

Ethereuem is too close to its previous all-time high for it not to be reached (at least wick into that area).

Almost at the new all-time high.

I expect it to be reached very soon.

All we need is stable Bitcoin and ETH/BTC pair will do what’s necessary to bring us to the new ATH.

Retracement levels for Bitcoin.

Don’t be afraid of this dip, keep in mind that Bitcoin went from $10k to $40k without any bigger correction!

We saw 30% correction and people freaked out.

What would be if this happens?

Maybe you get used to seeing new all-time highs every day but forgot that Bitcoin goes through correction phases as well.

Checking lower timeframes to see when we can expect reversal and green days again.

Stay tuned!

$110 million worth of longs got liquidated on Bitmex 📉

If you can’t sleep at night because Bitcoin fell 20% then you have too much of your assets allocated to it.

Bitcoin is volatile. It will swing a lot in both directions. You need to be able to handle the volatility. If you can’t handle the volatility then don’t put so much of your money into it. If you only put 20% of your money in Bitcoin and the price falls 20%, then that’s only a 4% drop in your net worth. If Bitcoin is 50%, then that’s a 10% drop. If you cannot handle these swings then to need to lower your exposure.

You should not be up at night wondering how much money you may gain or lose the next day and how it will affect your financial situation. This mostly goes for losing money though as no one seems to think they’re overexposed when they’re making money.

Tether printed $2 bln in last week, their absolute record. Total emission today is $24.4 bln.

$40k reached ✅

Now we’ll see what happens next.

For the new all-time high, we need to close above the red area.

If we get close below, we’re about to see consolidation like this one and it can break in either direction. ms like correction is over.

Bitcoin being rejected from $40k.

It looks like the scenario with the triangle is looking to be most likely to happen.

In that case, next 2-3 weeks get ready for consolidation between $30 and 40k.

Since this range is pretty wide, you should expect trading opportunities even though it’s a range.

Grayscale buys 2,612 BTC worth $98M over the past 24 hours, which equates to 2.9X of the daily Bitcoin mined. Their total Bitcoin AUM now sits at $23.69 billion.

Bitcoin supply crisis:

Over the past 30 days, 59,933 BTC worth $2.2b has left exchanges and gone in to hot/cold wallets.

With 14.5 million BTC illiquid and only 4.2 million in constant circulation, there is simply not enough to meet demand.

The real FOMO is yet to happen!

Ethereum is going to set a new all-time high!
anonymous poll

Yes! – 444
👍👍👍👍👍👍👍 83%

No! – 92
👍 17%

👥 536 people voted so far.

There’s no trading tool that will let you predict this kind of scenario.

This is pure experience gained in these 5 years.

It’s expected for consolidation to continue but we should be aware of the signs it gives us because those signs will lead to the next big move.

We’re looking for the next daily close. For a bullish scenario, a close below $34k wouldn’t be the best and would create a lower low first-time in more than 2 months which could bring more sellers to the market.

Seems too basic as most of my analysis but those signs give you way more than you think.

The problem is that you think they’re not enough and then you start using more complicated tools that even their creator struggles to use 😁

It’s hard to analyze technically coins that are backed by cryptocurrency exchange because fundamentals impact the price way more.

But let’s share my opinion.

For bulls, this broken support around 13 000 sats has to be reclaimed otherwise bad days are coming!

Looking on the left, the next important supports are way back from 2018 and it makes me a little bit worry because it’s a question of how much are they reliable in 2021.

At this point, if we don’t get buyers, we could enter a bearish trend that could be very rough for most of the BNB holders.

Binance hack is coming?

Many are expecting a blow off top, I very much doubt this, there's far too much money coming in from strong HODLers. We're just shaking out the weak hands we collected along the way.

This rally has been a whale pump (strong hands). Whales come early in a bull cycle.