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Maximph

@maximph

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Maximph
@maximph
$ETH Has been respecting its horizontals against $BTC very well. We've seen similar price action so far. Range -> Sideways -> Sweep lows -> Move higher. Eyes on the 0.03 & 0.0326 levels here locally.
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$BTC The longer price keeps hovering around this area, the more positions will be building up on both sides. Those positions will be fuel for wherever this moves next. The main areas to watch in the short term are ~$115K-$120K. The biggest liquidity cluster currently sits below this local range at ~$115K.
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80% of altcoins in the top 100 have outperformed $BTC this month. This drops down to 41% when looking at the last 3 months. Both of these are on the rise as we speak. This cycle has rarely seen these moves occur with a few exceptions. The big question will be how long will it last? I'd encourage to keep looking closely at your coins and adjust accordingly. Don't fomo into massive green candles and take (partial) profit if you made some serious gains. Catching a few 2-3x rotations and compounding them will do wonders.
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$ETH Has moved into the upper half of its massive cycle range. $2.8K & $4K are the only levels you'll be needing on the higher timeframe. Anything else is noise in my opinion.
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$BTC Is he going to make it 3/3?
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$BTC Opened up with a small CME gap again this week. We've been closing most of these on Monday's especially when the gap is in such close proximity. All in all nothing major here but good to be aware of.
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With the bounce last week, we've seen the average Weekly RSI level of coins move up quite bit. The average of ~40 is still pretty neutral/low which is of course the case for many alts. Especially the mid/low caps. BTC is currently sitting in between the 60-70 range which is a good area to be. Not overbought but also indicating there's somewhat of a bullish weekly trend going. Alts still have a long way to go and still seem unable to string together multiple weeks of upside/outperformance against BTC. A few exceptions obviously.
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Both $BTC & $ETH have seen a good 2nd Quarter. For BTC this was about average of its historical performance, which is really good considering its market capitalisation these days. For $ETH this was good but not close to its historical average (which is heavily influenced by a +453% quarter in 2017 lol).
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$BTC A New Monthly Low has been made. We discussed how taking out either the high or the low was a near guarantee as no other month in the past 4 years has seen such a small displacement (low to high). This does mean that we're likely to see this displacement increase from this point and obviously the big $100K level is a big one to watch.
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$ETH Took out a lot of liquidity below and is sitting near the bottom of the range. This would look better above last Friday's lows ($2434) as it could then turn into a big liquidity grab and move back up. But until then, it's sitting in no man's land here with a massive inefficiency below the $2300-$2400 area which could make things turn bad quickly if we see further downside momentum next week.
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$BTC Here we are, at the range low. That didn't take long. Key level here. A lot of liquidity below which could be used for a quick grab and reversal back into the range as we saw on the top side today as well. But the market has been heavy and if we don't get a sweep then this is setting up for further downside in June as discussed.
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$ETH Price action is compressing right below this big $2.8K level. If we'd see a convincing break above $2.8K and hold there, that would be a good setup for a move to the cycle highs around ~$4K. If we do lose this current range then $2.1K is the big high timeframe level to watch. No reason to get over excited in either direction until this current consolidation/compression resolves.
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AI isn't assisting. It's the CEO now. Open the mini-app. Register your wallet. Enjoy priority access. @maindex — powered by Algebra Labs.
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AI isn't assisting anymore. It's the CEO now — fully in charge. Be the MAIN character of DeFi. Hit the mini-app, register your wallet, and lock in priority access. @maindex — powered by Algebra Labs.
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The $TOTAL Altcoin Market Cap vs $BTC is still showing very little signs of life. The last decent rally was post elections when this crawled back some of the relative losses it has made over the past 3+ years. BTC remains the best overall performing asset. There's plenty of outperformers out there but you must pick them wisely and carefully. Otherwise you're often better of holding BTC.
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$AAVE Still a pretty insane chart. Ranged for 2 years, broke out last year but came down to retest the range high again. From there on out it has not looked back and DeFi in general has been strong and enjoying the recent $ETH strength. $450 is the big level here for some big high timeframe rally. Probably good to keep that level on your chart as that could kick off the real craziness at some point.
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$BTC The bid is strong since the Thursday bottom after the Trump & Elon online feud. Largest drawdown is a little over 1% while price has already moved up over 8%. Stocks didn't move that much during this time, and are still sitting close to their respective all time highs.
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The $BTC Liquidation chart is telling the same story as the charts where the big liquidity clusters are lining up nicely with important key levels. Below $100K and Thursday's low is where things can really accelerate and see continuation of this current correction. But above $112K and into new all time highs is where price would find a solid cluster of liquidity as well from shorts that have accumulated during this time. It's also likely that there's a lot of stops placed above that point.
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$BTC Presented without comment:
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Decisive moment for SOL/ETH
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