BITCOIN BREAKOUT STALLS After a 23% candle the week of August 17th, Bitcoin opened this week with another monster move that ran into resistance right at the Yearly Open. I’ve been talking about a test of structural resistance from that level since we first lost it in late January. Monday’s rally lured in a lot of traders chasing price, but it also attracted nearly a billion in BTC ETF inflows. Another billion have followed since then - that’s noteworthy. As bullish as things look, this breakout attempt hasn’t been confirmed yet. In fact, BTC and ETH have lost the 4 hour trend line. We’ll know soon whether that is going to lead to some consolidation or develop into a deeper support test. With the weekly, monthly, and quarterly candle closes rapidly approaching, we’ll have plenty of things to look at to gain more insight about how things are likely to develop from here. Meanwhile, ALTS are taking advantage of the fading momentum on bitcoin:native and ethereum:native as coins like ethereum:0xfaba6f8e4a5e8ab82f62fe7c39859fa577269be3 , $DOGE, $SOL, and litecoin:native are flying. In this crypto market analysis I’ll identify validators that can help us confirm or invalidate this breakout attempt for BTC and ETH. I’ll also take a look at some Altcoins including ONDO which is ripping on the confluence of multiple fundamental factors. 📊 Trade the charts. Ignore the noise. ⚠️ Opinions only. Not financial advice. piped.video/PfaawVjkqlU?si=r4qJ…

BITCOIN BREAKOUT STALLS After a 23% candle the week of August 17th, Bitcoin opened this week with another monster move that ran into resistance right at the Yearly Open. I’ve been talking about a test of structural resistance from that level since we first lost it in late January. Monday’s rally lured in a lot of traders chasing price, but it also attracted nearly a billion in BTC ETF inflows. Another billion have followed since then - that’s noteworthy. As bullish as things look, this breakout attempt hasn’t been confirmed yet. In fact, BTC and ETH have lost the 4 hour trend line. We’ll know soon whether that is going to lead to some consolidation or develop into a deeper support test. With the weekly, monthly, and quarterly candle closes rapidly approaching, we’ll have plenty of things to look at to gain more insight about how things are likely to develop from here. Meanwhile, ALTS are taking advantage of the fading momentum on bitcoin:native and ethereum:native as coins like ethereum:0xfaba6f8e4a5e8ab82f62fe7c39859fa577269be3 , $DOGE, $SOL, and litecoin:native are flying. In this crypto market analysis I’ll identify validators that can help us confirm or invalidate this breakout attempt for BTC and ETH. I’ll also take a look at some Altcoins including ONDO which is ripping on the confluence of multiple fundamental factors. 📊 Trade the charts. Ignore the noise. ⚠️ Opinions only. Not financial advice. piped.video/PfaawVjkqlU?si=r4qJ…

BITCOIN BREAKOUT STALLS After a 23% candle the week of August 17th, Bitcoin opened this week with another monster move that ran into resistance right at the Yearly Open. I’ve been talking about a test of structural resistance from that level since we first lost it in late January. Monday’s rally lured in a lot of traders chasing price, but it also attracted nearly a billion in BTC ETF inflows. Another billion have followed since then - that’s noteworthy. As bullish as things look, this breakout attempt hasn’t been confirmed yet. In fact, BTC and ETH have lost the 4 hour trend line. We’ll know soon whether that is going to lead to some consolidation or develop into a deeper support test. With the weekly, monthly, and quarterly candle closes rapidly approaching, we’ll have plenty of things to look at to gain more insight about how things are likely to develop from here. Meanwhile, ALTS are taking advantage of the fading momentum on bitcoin:native and ethereum:native as coins like ethereum:0xfaba6f8e4a5e8ab82f62fe7c39859fa577269be3 , $DOGE, $SOL, and litecoin:native are flying. In this crypto market analysis I’ll identify validators that can help us confirm or invalidate this breakout attempt for BTC and ETH. I’ll also take a look at some Altcoins including ONDO which is ripping on the confluence of multiple fundamental factors. 📊 Trade the charts. Ignore the noise. ⚠️ Opinions only. Not financial advice. piped.video/PfaawVjkqlU?si=r4qJ…

Back to back 🔻signals from Trend Precognition on the Bitcoin Daily chart, and now the first meaningful support test for bitcoin:native . Do you think $82.8k continues to hold as support?

After a hard rejection from the yearly open Timescape R/S Flip line at $87.5k, Trend Precognition flashed a new 🔻signal on the bitcoin:native Daily chart. The signal opened weak with a strength score of 35. After squeezing shorts and nearly invalidating, it has now strengthened to 45. That late night short squeeze to $87,272 should serve as a reminder not to chase candles. If you are going to attempt to scalp or swing trade the volatility you mitigate a lot of risk by only doing so from near the range boundaries. A higher high invalidates the new signal. A wick below $82.8k opens the door to a deeper support test in the $75k - $79k range.

$30M in $BTC ask liquidity at $96k dropping into the active trading zone. FireCharts binned CVD shows all order classes distributing in the range, but so far, limit orders have continued to keep price elevated.