Crypto Trading Signals®️

$ETH UPDATE Keeping the SL on our $ETH long a 4H close below $2864, just want to make sure it’s not a sweep of previous day low and actually a new LL.

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$BTC UPDATE The fed cut in December is now priced in only at 31%. This further drop in probability happened after the release of FOMC minutes and confirmation that October’s job market data will not be reported which just adds more to the uncertainty about the overall situation of economy. With no fresh labour market data available, we lose one of the most important indicators right before the December meeting and when there is uncertainty about the data, the Fed usually always prefers a more cautious approach. Also, the FOMC minutes released yesterday show a clear divide. Some members still support easing, but a significant number believe a December cut would be premature. And don’t forget we are now also approaching the end of QT. We are still 20 days away from the next meeting and even there is a big move upside on bitcoin going into this meeting, I would still like to short as fundamentally speaking, we all know it’s not a good sign, even in the near term too.

$BTCDOM UPDATE Bitcoin dominance at this moment is trading below the $4550 resistance, the same range that index has been tradimg inside for almost 2 weeks. Now that there is a symmetrical triangle in formation with big ascending and descending trendline in place, I believe there is going to be a breakout in a day or two. Break above this descending trendline and I am expecting index to finally reach $5000 resistance. Lose this ascending trendline and $4200 is the next support. In any case, it’s going to be really important for altcoins as it could mean a huge pump or dump in a day or two. For the daily bias, we’ll continue to trade this range. I warned yesterday not to open any longs since dominance was at support and wait for it to reach $4550 resistance. Now that we are sitting close to the resistance, the bias today for altcoins will be cautiously bullish to neutral.

$ETH LONG Entering an $ETH long here at $3027 with stoploss at $2864, targeting $3335 from here first.

Don’t forget, NVDA is set to report Q3 earnings after the close today (in ~2 hours). Big moment, especially with all this AI bubble chatter. And since our digital gold aka bitcoin behaves more like a mid-cap tech stock (my apologies), expect some volatility.

$BTCDOM UPDATE $BTCDOM has reached the resistance but most likely a bigger trendline breakout is coming next. Be careful holding any longs here.

$BTC UPDATE One of the most important chart to keep an eye on for the next few days is of stablecoin dominance (the manually calculated one). Price for this index has been trying to reclaim the level it broke through back in May and it has not shown no signs of weakness over the last few days. Bitcoin could much lower if this index gives a 1D close above the resistance today. Nevertheless, we’ll stick to the plan that I discussed this morning. A sweep of $89.3K followed by a quick move back above previous week’s low at $93K and we’ll long for a move towards $98K.

$BTCDOM UPDATE Big upclose candle at the support. As we discussed in the morning update, since $BTCDOM is at support, any drop in bitcoin price will result in altcoins taking a bigger hit. Now, we wait for the sweep of lows at $89.3K and for $BTCDOM to reach the $4550 resistance and go long there.

$BTC UPDATE If you look at the 4H structure of bitcoin, then nothing much has changed with last night’s rejection above $93.5K being just a simple rejection 0.65 Fib level or ideally the point where retracement (upside) ends starting another impulse move downside or a new lower low. Now, as I mentioned in my update yesterday, for a bottom formation look for signs, for example a double bottom formation at $89K weekly support just we had one at $74K to which this structure looks kind of similar but only if price sweeps this last low at $89.3K. So, my long trigger for bitcoin will be a sweep of major swing low at $89.3K followed by a move back above previous week’s low which will be a 4H close above $93K precisely to go long at CMP targeting $100K or so.

$BTCDOM UPDATE Good Morning Fam! So, $BTCDOM continues to trade at the $4400-$4350 support, it’s definitely looking weak and I was expecting a large trendline breakdown but thanks to this support that nothing much has changed and the index continues to consolidate here. Now, I see alot many people bidding altcoins left right and center anticipating bitcoin to have bottomed but you are ignoring the fact that $BTCDOM is still at support and for that reason, any drop in bitcoin from here back towards $89K and alts will take a larger hit. An ideal situation to go long would be if $BTCDOM is at resistance or break below support, not while it’s still at the support. My bias for altcoins today will be slightly bearish to the neutral side but not bullish because of this support. If the weakness actually results in index closing a 4H candle below this level, only then the bias will be bullish.

$BTCDOM UPDATE The range that we did identify during the last few days has been playing out on $BTCDOM with $4390 - $4350 being the key support level but an interesting development is happening. $BTCDOM seems to be breaking below this longheld ascending trendline but as I have said, the important thing to watch is either we break and close a 4H candle below $4350 or not and if we get that, alts may particularly benefit from any bounce on bitcoin chart. But for now $BTCDOM remains at support and there are no signs of index showing any weakness.

$BTC UPDATE As highlighted in our several of the previous updates, bitcoin had no real support till $89K. Now that price has finally reached the weekly support, you can see a bounce here especially considering that on weekly, this is the first retest of weekly support. But remember that the range is $89K - $85K, there can be a deeper retracement into this range, though little less likely. I do not like the fact that we have not seen any liquidation wick or such throughout this move, it has been a very sustained constant sell-off last few days and this is not a good sign. For any bottom formation here, we need to look for signs like 4H double bottom formation or such like there was one back in April this year formed at $74K resulting in a reversal. Next resistance levels are $92.5K - $93.5K and $97.5K - $98.5K. For any reversal, price would need to reclaim these levels one by one. Please note that whenever I am using the word reversal, it only refers to a relief bounce or lower timeframe structure change, this does not change the fact that price on 1D remains in a bearish trend and is far from flipping this structure, let’s not even talk about that part. Now, an ideal case scenario here would be price in the next few weeks after retesting this $89K - $85K range going for the $103K - $105K range where you can play a big short, the same one that we missed at $107.5K.

$TOTAL UPDATE $TOTAL has reached the $3T support finally. As warned earlier, do not force the market here, after the daily close below $98K, daily structure is bearish and each retracement provides a good shorting opportunity. Now for $TOTAL, I would still like to see a deeper retracement into this support considering that bitcoin has still not reached the $89.5K weekly support. Still can’t believe we missed the short opportunity at $107K but atleast we have the $ETH short running from $3600.

$TOTAL UPDATE During our last update on $TOTAL, we expected the index to be rejected at $3.6T level giving the first retest and reach the $3.0T support ultimately. Now, $TOTAL still is a bit far from reaching $3.0T support and as a result, I’d again suggest waiting for a tap into $89.5K atleast on bitcoin to position for a reversal. $89.5K - $85K for Bitcoin $2950 - $2800 for Ethereum $122 - $115 for Solana

$BTCDOM UPDATE Bitcoin dominance continues to move in this range with $4550-$4600 area good for positioning into long and $4400-$4350 being good for shorts as it is acting as a support. Now, I have said this quite a few times that this ascending trendline may not come into play anytime soon especially until we have atleast a 1D close below $4350 level. At the same time, we have another descending trendline formation also which could give a break above resistance in the next few days as we enter this narrow compressed volatility region. As of this moment, index is trading in the middle of the range and so, the bias will be somewhat neutral.

$BTC UPDATE Back on Friday, we discussed how the new variation of stablecoin dominance, once it reaches the 1D resistance, we’ll see a small bounce on bitcoin and that has happened in the last few hours with price going up from $93K. But let’s not forget that the actual stablecoin dominance chart has already reclaimed the 9.6% support and once it goes back to this level, it’ll most likely result in a successful first retest and possibly a new HH or BOS. What does that mean for bitcoin? Well, after losing the $98K support, a level that price was holding above for months, now a retest of this level provides a good shorting opportunity. So, the bias for today depends on how fast we reach this 3.6% support on stablecoin dominance and $98K resistance on bitcoin. That will be our short trigger.

$BTC UPDATE Bitcoin for me on 1W after losing this trendline is still trading in the middle of nowhere. There is no real support till $89K. The range to target should be $89K - $85K ideally. And after the daily close $98K, bullish structure is lost anyway, from this point onwards, each upside move is a retracement wave and an opportunity to short, sooner we realize, better it is going to be. And this is first time since October 2023 that price is losing all major dynamic levels on higher timeframe along with the structural change also obviously. $108.5K - $112K on 1W remains an ideal zone to short if we see a bounce towards these level, although a weekly close above $103K, realistically speaking may not happen and it is most likely going to be just a wick into this above mentioned range on 1W.

A 5% drop here on ES will be the total carnage moment for bitcoin and we know where there is a trendline, there is always a break.