The coin $TRUMP was one of the largest liquidity extraction events in the history of cryptocurrencies. Once valued at $67.5 billion FDV. Now it has fallen by 94% and there is total silence. We do not talk enough about the damage this has done to the genuine trust of retail cryptocurrency traders.
$SOL has just lost its most critical support level at $120. It has been the most significant support price for the last 21 months, so this is a significant structural break. The price needs to recover here, otherwise, the reaction lows between $94-$104 will be the eventual destination.
$AVNT is at a point where dumps usually end after months of slow bleeding, the price has finally pressed into historical demand. This is where weak hands disappear. Either this level holds and changes the structure, or $AVNT becomes dead money for a long time.
🚨 $GIGGLE POST-HYPE PHASE HERE has surpassed the hype phase, the crowd has left, the volume has dried up: 🔺Completed its hype run, spiked quickly, followed by an emotional chase and a strong rejection at the top; 🔺Moved towards a prolonged outcome, lower highs and a downward control, typical post-hype structure; 🔺No longer being aggressively sold, the downward movements are slow and orderly, the downward momentum is weakening; 🔺Volatility collapsed after the sell-off, there is no impulsive continuation pressure, it is gradually fading; 🔺 Builds structure after the hype fades, not during the excitement, but when no one is paying attention.
Looking at $DASH next to #ZEC , the structures are telling a similar story. DASH is forming a very clean descending wedge, which is a bullish reversal pattern. I wouldn't be surprised to see a brief deception towards the order block first to capture liquidity, followed by a reversal upwards through the wedge. This aligns well with the retracement I am expecting in ZEC before higher prices.
There is a lot of drama around $ASTER at the moment, so let me clarify the situation to explain why this aggressive drop is happening.
One of the main reasons why there is carnage in this chart is purely the result of people thinking they are smarter than the trend. The chart is in a downward trend, and the vast majority of bulls of $ASTER have refused to accept it.
Every time we get a 2% bounce, you can see that retail is trying to "get ahead" of the bottom by buying aggressively. But all they are doing is providing fuel for the next liquidation candle. It’s a vicious cycle. The longs buy the dip, get trapped, and then are forced to sell their positions, which pushes the price towards the next support level.
And while retail tries to "buy like a hero," the major traders on Binance are aggressively reducing their exposure to $ASTER . The long ratio of major traders has dropped to 61.3% from 70% in just a week, showing that professionals are pulling back while retail continues to feed the monster.
They are letting the retail "dip buyers" do the heavy lifting (and die) until liquidity finally runs out. Meanwhile, note that net shorts accumulated are relatively flat. This confirms that this is not an aggressive short attack, but simply the pure weight of trapped longs selling into a void because there is no real liquidity from buyers left.
Now, the price is trying to hold the support of $0.70. But if it cannot hold this zone, all these late bullish longs who have been trying to recoup their losses by buying at the bottom are about to be eliminated. Again. As long as the ratio remains so unbalanced with zero support from buyers, the chart seems to be on a fast track towards the lows of $0.61.
I created this chart to simplify as much as possible. What you are seeing is the expansion of volume versus the compression of volume in the daily chart of $ZEC . This is the current chart and shows the current increase and pullback, and why the daily VELA volume is so important. Due to the decrease in daily volume as the price rose (compression), I knew that the price would eventually reverse, which has been happening. The expansion of volume needs to start again to move the price up!
A strong result in today's CPI. Year-on-year CPI: 2.7% vs. 3.1% expected Year-on-year core CPI: 2.6% vs. 3.0% expected A great result below expectations, and one that shows inflation is cooling. Strong signal for the markets, and given that the Bank of Japan's rate hike is already priced in, we could be ready to see some green candles in risk assets like $BTC
$BTC is holding in the small purple box and showing three days with almost equal lows. It is building momentum for a breakout soon, and I wouldn't be surprised to see a quick rally after this pressure. Maintaining the minimum of $83K is likely at 75%. I have already taken my positions and I am waiting for the results.
$PUMP I believe that for some reason, and based on what I see in the whale activity, it is undervalued at this moment and should at least retrace to 0.00216, which is about 5% from here. I could be wrong, I usually don't trade with such speculative tickers compared to the main market like Bitcoin below its recent lows. So it's not for me. But it might be useful for some of you #pumpfun .
The #BitcoinOG (1011short) has just added another 12,406 $ETH to its long positions. Current positions: - 203,341 $ETH ($577.5M) - 1,000 $BTC ($87M) - 250,000 $SOL ($30.7M)
Now it is losing more than $70M. This wallet went from having profits of over $120M to less than $30M. CRAZY PLAYS $ETH
The appetite for risk heading into tomorrow is clearly seen in the graphs with $ETH /BTC.
There is a strong drop of nearly 15% in the pair $BTC .
That's tough, and it's not good if you're holding #Altcoins.
There is still strong support, and I'm interested to see if the momentum increases in the next 48 hours, as that would indicate that at least there is some momentum back in the markets.
$XRP Daily Time Frame Breakdown: The price has returned to a key area of demand/liquidity that previously caused strong bounces. This level has been respected multiple times. Critical area here — either another reaction bounce or a breakdown if demand does not meet expectations. #HODL
$FET IS SLIDING INTO AN AREA THAT CHANGES MARKETS the price is at the lowest liquidity pocket this level has already triggered a significant expansion before the decline, the momentum is fading buyers are beginning to react instead of chasing above this base, each blue zone becomes a magnet the first reaction is the technical continuation depending on acceptance, not hope this is not where you become bullish this is where you stop being emotional the market will show its intentions here
$ASTER We touched the area that was waiting at 0.677 with a minimum on Binance Perp at 0.675. Positive divergence in RSI on 15M + medium whales without pressure, we can also notice some net long positions open while net shorts remain stable. Low volatility for now, waiting for the main market and Bitcoin.
$ZEC . The price of Zcash has just lost the primary support at $385 that was held for the last 72 hours. To avoid collapse, bulls now need a miraculous recovery of 15% above $420 to neutralize the chart. Buyers put up a good fight to maintain the $390-$400 zone, but failed at every opportunity to advance above there. $375 is the final local support. Below that level, it’s pure pain for the bulls. Extremely heavy structure.