StormTrading

$ETH / #Ethereum - 1H Update Should Ethereum successfully breach the $2,150 resistance, akin to Bitcoin's critical $30,000 mark. It might signal the conclusion of the bear market. Potentially setting the stage for an upward trajectory toward the $3,100-3,600 range.

$XRP / #Ripple - 1H Update We're still within the range even with a significant wick touching the support level forming higher highs with higher lows indicating the continuation of the uptrend. It seems like there's more momentum ahead suggesting movement isn't over yet.

$SOL / #Solana - 1H Update $SOL stands out as one of the strongest coins in the current market—a truly impressive performance, to say the least.

$ADA / #Cardano - 1H Update #ADA, has currently reached a 50% profit following the channel breakout. I hope you're enjoying riding the bullish wave.

$LINK / #Chainlink - 1H Update Chainlink appears to be successfully retesting after a strong recovery from the downside wick at $13.40. It's crucial for Chainlink to maintain this level throughout the week to establish a solid position for confirmed uptrend continuation.

$DOGE / #Dogecoin - 1H Update It seems like Dogecoin ($DOGE) is poised to surpass some of its recent highs in the upcoming week(s), potentially indicating the first significant break in high timeframe market structure in quite a while.

$DOT / #Polkadot - 1H Update Polkadot ($DOT) is approaching the 0.65 Golden Pocket resistance level.

The $37.5K level in Bitcoin is a crucial pivot that determines the possibility of short-term new yearly highs. Given its substantial trading volume and alignment with this week's open, potentially prompting considerable short covering.

$TOTAL / Crypto Total Market Cap - 1H Update $TOTAL faces resistance at 1.4 and 1.5T, with a potential rejection prompting a retest of the breakout zone in the 1.25T to 1.15T range; a successful hold above 1.1T may ensue before heading towards 2.1 to 2.25T dollars.

$TOTAL2 - 1H Update encounters a weekly resistance at 680B forming a neckline with a potential breakout followed by a pullback to the 600B-570B range before a run towards the 1T dollar mark a decisive breakthrough may lead to an uninterrupted run towards the next resistances at 800B & 950B

$USDT.D / USDT Dominance - 1H Update In my analysis of the USDT.D chart, it appears promising. Historical patterns indicate that each time the RSI has crossed the moving average line, it has signaled positive outcomes, which seems encouraging to me.

$TOTAL 3 - 1H Update is currently encountering resistance at 430 to 440B, and in the event of rejection, a pullback to the 380 to 360B range is expected before a potential run towards 800 to 900B dollars.

$BTC.D / Bitcoin Dominance- 1H Update Historically, when BTC.D last touched the EMA 50 on the monthly chart, it preceded robust altseasons shortly thereafter—a phenomenon that occurs only every few years. Currently, BTC.D has fallen below the EMA50.

$DJI / #DowJones - 1H Update The $DJI broke out of the triangle pattern I discussed earlier this week. Now, it's crucial to observe whether the bulls can uphold the 34,100 level, as this holds significance not only for stocks but also for the crypto market.

$DXY / U.S. Dollar Index The $SPY is currently encountering resistance While the $DXY finds support, making me a bit cautious at this level.

$XAU / #Gold - 1H Update Gold's rebound is driven by key Fibonacci levels from October. Marking crucial support at 1962 and 1932. Anticipated resistance stands near 1980 Strong support lies between 1945-1955 for $XAUUSD.

#Bitcoin Please no multi-week chop this time around. Arguably, this rally is already lasting longer than most previous ones this year making for a change in market behaviour. Still good to not get chopped up during the consolidations in between.

$NDX / #NASDAQ - 1D Update Not the worst looking close this week. Pretty solid work by the bulls. Next up is the $16K region which is also the yearly high. Break that and we can start looking for all time highs. Shows you yet again, strong economy ≠ high stock market.

Observing #Bitcoin's weekend performance to anticipate a typical trend around the CME close price, considering the prior clearance of high leverage. Expecting possible sideways and choppy movements during this period.

The total damage during yesterday's position wipe was $1.7B on #Bitcoin. Initially this was about $400M in shorts followed by $1.3B in longs.

#BitcoinMassive wick on this short squeeze. Binance futures went all the way to $38.5K! It didn't even take that many shorts so just shows how thin the books are.

#Bitcoin Wouldn't say this is the cleanest of ranges anymore. More like a slow chop/grind up. Levels do remain important though. The $36K level remains the level to watch for a liquidity hunt.

#BitcoinSince breaking into this price region, Open interest has steadily declined. This makes a big squeeze (to either direction) less likely and increases the importance of spot price action. Wouldn't say there's either side overextending currently. Pretty neutral there.