StormTrading

🔴 $LINK Giving it another go. Has now retested the Daily 200MA/EMA back as support and seems to be holding steady. Mid range is the first level to clear. That upper half of the range has been hard to sustain the past 1.5 years so let's see how it does when price gets there.

🔴 $SOL High timeframe levels of interest are clear: $15-16 Below. $26-27 Above. I'm curious to see SOL's reaction when re-testing the Daily 200MA/EMA. It's reaction there will give a good indication for the next move.

🔴 #BitcoinYour weekly CME weekend price action content. I don't think this weekend will be any different as we're seeing very low volumes already. Might see action pick up somewhere near the end of Sunday.

🔴 #BitcoinLiquidation Map: According to this chart there's big liquidation zones sitting at both $26300 & $26850. Keep an eye out for those early next week as they could mark local reversal area's as a lot of liquidity is likely sitting there.

🔴 #BitcoinNo surprises so far this weekend. Will see in a few hours if the volume picks up a bit. Overall, not expecting much.

🔴 #BitcoinRainbow Price Chart: According to this logarithmic growth curve, $BTC is trading in the "Fire Sale" territory for the past year or so. Do you feel the same way or is this chart flawed?

🔴 #BitcoinBattling it out between the 4H 200EMA & MA. Won't put in any meaningful move until either of these is broken I'd say.

🔴 #Bitcoinand it's end of the quarter returns: A while ago, @Tether_to announced it would invest up to 15% of it's profits into #Bitcoin each quarter. With Q3 ending soon, I decided to look back on #Bitcoin's performance towards the end of it's 2023 quarters. Not sure if we know exactly when Tether would invest their profits into BTC and if that's known. Most likely they just spread it out over a few weeks once profits are known. Regardless, it's interesting to note how most of $BTC's upside has come in the last two weeks of each quarter so far. Obviously these were paired with: - Banking Crisis Q1 - ETF Hype Q2 So with those events clearly dictating previous moves and it being a small sample size it's probably not right to call these moves upon Bitfinex/Tether solely. It will be interesting to see how this quarter and future quarters will end in terms of performance.

🔴 #ETHEREUM Finally arrived at some high timeframe support. Would expect some kind of bounce around this region. Eventually that 0.055 level is the main level to watch.

🔴 #BitcoinStill up on September but it's a hard battle. 1.5 weeks to go to see if it can break the 6-Year losing streak in the month of September.

🔴 #BitcoinI think it's safe to assume that we will be stuck within the Weekly 200MA/EMA range for some time. Currently right in the middle and consolidating. We'll need some kind of catalyst to push us out of this region.

🔴 #BitcoinI think it's safe to assume that we will be stuck within the Weekly 200MA/EMA range for some time. Currently right in the middle and consolidating. We'll need some kind of catalyst to push us out of this region.

🔴 $EUR / $USD Has been trending down in this tight but clean down trend channel. The 4H 200MA/EMA are moving parallel alongside it. This has seen $DXY move up. Keep an eye on this channel for a possible reversal at some point!

🔴 #BitcoinSimply consolidating until a direction is chosen. FOMC didn't do much besides taking liquidity on both sides as expected. For now we wait ⏳

🔴 #BitcoinJust an idea I'm entertaining. 🔸Similar Price Levels 🔸Similar price action around the 4H 200MA/EMA 🔸Both Summer (mostly). Obviously take with a grain of salt as always. Just found the choppy grind up very reminiscent of last year's price action post LUNA collapse.

🔴 $ETH has been in a long fight with the Weekly 200MA/EMA. It has traded within a few percent of the two for 6 weeks now. It's a real battle between the bulls and the bears.

🔴 #BitcoinMaybe one of these around FOMC? Often these triangles have a fake out initially only to reverse back the other side. So if this were to break out above and starts retracing back down then be careful.

🔴 #BitcoinBack-testing the Bull Market Support Band again. The Bull Market Support Band consists of the Weekly 20MA & 21EMA.

🔴 #BitcoinClosed above the Daily 200EMA for the first time since the Grayscale pump. The next boss would be the Daily 200MA which currently sits at ~27.8K.

🔴 #BitcoinGot rejected at the Daily 200EMA (Blue) yesterday but has since traded back into it. It's important to watch these candle closes going forward while we're trading around these important levels.

🔴 The big #Ethereum vs #Bitcoin range. This is one of the longest standing ranges lasting almost 2.5 years already! $ETH has been getting rejected by the Daily 200MA/EMA for a long time. ETH would have to break above those at some point to change the downwards trend it's in.

🔴 #BitcoinTotal Open Interest on Binance is still at Summer 2022 levels even though it increased a lot today. This shows the relative lack of interest, volume and liquidity in the market these weeks.

🔴 #BitcoinThe Puell Multiple is a metric that divides the daily issuance value of Bitcoin by its 365-day moving average to help predict whether $BTC is overvalued or undervalued. We're still trading right around the green zone which has historically been a good way to stack.