avatar
Michaël van de Poppe

Following0Followers (X)822.61KPosts1.59KLikes135.38K
avatar

It's midterms day. I would expect to see a lot of volatility coming in from the markets due to the swings on the results. However, if there's a sweep beneath the recent low of #Bitcoin and even <$75,000, I'm looking to bid this. I would expect to see the bottom to be hit on a 'Sell the rumor, buy the news' type of case. I'm also not interested into using leverage at this point.

avatar

$ETH looks pretty decent, however, it needs to break through a crucial resistance zone. It's quite interesting to see that there's momentum in the #Altcoins much rather than Bitcoin at this point. Therefore, I remain fully allocated into my positions, expecting to see an outperformance on the markets. This outperformance needs to be driven by $ETH, therefore, if this breaks resistance, it's party time.

avatar

I've stated this before; this is the area where you'd want to be buying into longs on #Altcoins and #Bitcoin. The consensus is that we're going to be going down a lot, but I don't think we will. Honestly, I would expect us to reverse in these ranges, and that's why $SUI became interesting. There's a strong bullish divergence on multiple timeframes building up here, indicating that there's a reversal coming. If it does, I'd like to see a higher high, and potentially $1. That would be great.

avatar

I've covered this before, but we're at the support zone for #Bitcoin. Bitcoin needs to hold between $74,000-77,000 and if it does, we're on the road towards $98,000 or potentially $100,000 before the end of year. If it doesn't hold, things can get ugly quite fast and the entire thesis of the bull market + the massive bullish divergences on the weekly timeframe at the bottom are erased. I wouldn't bet that that is going to happen.

avatar

Our government has turned crazy. Yesterday, the Council of State stated that taxing self-custody #Bitcoin holders & commodities differently is unlawful. Additionally, the adviced against the entire adjustment of the Box 3 taxing proposal. The response of the government? They proceed by the initial plans, but will take some more time. It's quite clear what they want: they want you to hold absolutely nothing and they'd like to control everything. A joke of a cabinet.

avatar

A small sweep on the markets for #Bitcoin and #Altcoins. Doesn't change much on the outcome. The lows have been swept, and I think that once we start losing $77,200, we'll start to see new lows (and then, we're going towards the most obvious sweeps of them all, which is $75,000). Other than that, price is just stuck in the middle of the range, and there's a more likely chance that we're going to see higher numbers than lower numbers. If we get those lower numbers, I'm bidding it.

avatar

$HYPE remains to be targeting $100+ in the near future. Why would you like to make things complicated if this is clearly the strong runner of this cycle? It has done the exact same price action in recent weeks as it did in August. Sweep of the recent low, immediate bounce upwards, and then a strong push taking out all the highs. Surely it's consolidating after that, and if there's a correction to $80-84, I'd be bidding it, as I expect this one to continue to rally to $112-116 as the next target.

avatar

I remain to be bullish on $QNT. The recent market correction has pushed prices down a lot, including this one. However, if you're monitoring it from a technical standpoint, it's actually retraced all the way back towards the higher timeframe support zone. In other words: another opportunity of buying this asset, if you will. Now, I've marked the $200 area as a support zone that it needed to hold onto earlier. It didn't, as the entire market corrected. Now, if this $200 area flips, that's when we're going to get into the juicy moves of the markets.

avatar

#Crypto markets bottom in heavy liquidations and Black Swan events. Yesterday was an event like that. #Bitcoin is only down a few percent. #Altcoins, some, are actually up against $USD and most of them are heavily up against #Bitcoin. I'm betting heavily on this market and I think that I remain to be strongly bullish. Good times ahead.

avatar

#Bitcoin is looking scary. Atleast, that's what everyone on social media make out of this. We clearly saw a rejection at $81,000, a cascade south towards $76,000 as that gap was ready to be closed, and an immediate rejection at $78,000. After this move, especially since the hack has been taking place, I think that you'd want to be on the long side much rather than the short side. What areas am I looking at? 1 - I'm looking at a sweep of the low and a response on the markets there. This would be a first indicator that we're looking for a low to be found. 2 - If this doesn't help, I think that everyone in the markets is waiting for the September low to be swept at $75,000. That would be the ultimate low to be hit, and I think that scaling into these ranges isn't a bad idea. On the upside, clearly $79,000 and preferably $80,000 needs to be flipped for support in order to be getting momentum back into the markets.