Market Analyst. Sharing alpha and charts on a daily basis. Follower of Christ 鉁濓笍馃
Joined December 2020
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Funny thing, that all above the >$80k range for $BTC, people were basically sending death threats for anything bearish.
The tribalism is what killed Bitcoin more than anything.
GM
In the absence of positive news, I think we can plumb new depths this weekend for $BTC and crypto. US stock market bounce is fading throughout the day. Doesn't look like much is going to hold.
Patience. Long way down if 75k is lost.
He could be right.
Imagine the prices of some assets now if markets drop 30-40%.
Expect the highest end of the risk curve down 70-90% in such case.
Volatility incoming 馃搱馃搲
Key Events This Week:
1. October ISM Manufacturing PMI data - Monday
2. Apple, $AAPL, and Palantir, $PLTR, Report Earnings - Monday
3. US Midterm Elections - Tuesday
4. September JOLTS Job Openings data - Tuesday
5. AMD, $AMD, and SMCI, $SMCI, Report Earnings - Tuesday
6. October ADP Nonfarm Employment Change - Wednesday
7. October ISM Non-Manufacturing PMI data - Wednesday
8. October Jobs Report - Friday
9. November MI Inflation Expectations and Consumer Sentiment data - Friday
10. ~20% of S&P 500 Companies Report Earnings This Week
11. Total of 5 Fed Speaker Events This Week
Buckle up for a huge week ahead.
$BTC
Lose 77k and we have a trip to 75k pending. If that fails to hold, it's a big drop to 69-67 range.
Need to see a bid come back into TradFi markets to see any recovery here in the short term.
Reclaim 77.5 and we can see a bounce toward 79.
GM
Another flat rejection for $BTC. Needs to reclaim 82k, or can still come lower into 78-79 range.
It would be beautiful
BLACK MONDAY 馃槺馃搲
It would be a complete dishonour for a market technician not to share this technical setup.
Monday marks the 39th anniversary of Black Monday October 19, 1987 when markets crashed an astonishing 22% in a single day.
While modern circuit breakers protect us from a total free-fall, the structural overlay between 1987 and today鈥檚 2026 setup is eerie.
It would be something if Monday marks the beginning of something so beautiful, yet so consequential.
For one's private perusal.
Enjoy .
Good bounce in equities this morning and a strong candle back above 82k for $BTC.
See if we can maintain this momentum into the end of the week & avoid the bearish cross 馃
$BTC bearish EMA cross threatening. A close below $82k this week will more than solidify it.
Some will say it鈥檚 FUD; others will admit it鈥檚 all in the price action.
$BTC bearish EMA cross threatening. A close below $82k this week will more than solidify it.
Some will say it鈥檚 FUD; others will admit it鈥檚 all in the price action.
Absolute carnage 馃搲馃搲
Interesting where the dust settles here.
AI is starting to really tip the scales in a way that鈥檚 becoming uncomfortable 馃憖
$BTC Update
I was right to be skeptical. Here's the retest. Bulls praying it holds or we're back on track for 82k.
$BTC 鉁嶏笍
I'm conflicted about this setup, as we're holding support near $85k, but have the untapped grey box below which could see a revisit of low-84s. Then there's the matter of the 'unfinished' bull flag as we never got our 82k tap. Really just a range trade until the triple top is broken on volume.
Problem with all these exchanges is that they want something from you without delivering anything in return. All DMs are the same. "Generate x millions of volume per month and we give you a cut".
There's no innovation happening. Everyone's trying to be the next Hyperliquid but no one wants to put in the work to attract real users and keep them. 99% of exchanges will fail in the long term because of this.
$BATON looking strong here. One of the most organic PF tokens. 18M next up if 13M area is flipped here. Then on to 25-30M. God willing.
