Market Analysis Summary

[dinotrader777]

    BTC Analysis
        BTC experienced a bounce influenced by SPX movement but faced challenges as SPX started chopping.
        1H compression likely to bring volatility.
        Support levels identified below; a dead cat bounce expected rather than fresh highs.

    ETHBTC/ETHUSDT Insight
        ETHBTC at a bounce-worthy area but with significant inefficiency below.
        Previous long stopped out, yet the probability of a squeeze higher was noted.
        First test of 4H EMA200 anticipated to provoke a reaction.

    GBPUSD Observations
        Focus typically on EUR, JPY, CAD, and CHF.
        Rejection from a high-timeframe level similar to EUR.
        Influence of US monetary policies highlighted, affecting GBP's performance against USD.

    ONDO Technical Overview
        Critical levels at 1.20 and 1.26 identified for a long position.
        4H MA100 broken and turned flat, EMA200 retest expected.
        2H compression forming, aligning with the long idea.

    ROSE Market Position
        Strong 1H view, though resistance noted upon zooming out.
        Potential early breakout from daily compression observed.
        Conservative and optimistic target areas discussed for long positions.

    TON Market Strength
        4H EMA200 bid noted, with compression structure forming.
        Hourly and 12H compressions monitored for potential bullish movements.

    ENA Trade Insights
        Concerns over a crowded trade led to an exit after losing hourly EMA200.
        Bullish divergences could justify scaling in, but current conditions deemed unattractive for a long.

    SUI Technical Pattern
        Similar to SEI, near 0.618 retracement on fib.
        Waiting for a strong reaction off SMMA100 before committing to a long.

    INJ Chart Analysis
        Observing a reclaim attempt of the 3D trend.
        Daily trend clean but compression levels need monitoring for potential bullish moves.

    NOT Market Watch
        1H compression encouraging but cautious due to Bitcoin's performance.
        Monitoring for a potential long if conditions improve above hourly EMA200.

    TAO Support Level
        Ideal bid around 3D EMA200 and 0.618 fib level.

    MEW Trading Strategy
        Bybit listing impacts noted.
        Trading strategies focused around SMMA100 and 4H EMA200.

    DUSK Trade Review
        Pivot to RWA similar to PolyX bag.
        Profits taken, with readiness to compound lower.

    MPL Chart Evaluation
        3D MA100 and EMA200 acting as support.
        Concern over previous massive move and retracement.

    CHZ Market Status
        Previous trade stopped; noticing resistance at 4H level.
        Current weakness noted, not favorable for new trades.

[God bless u]

    BTC Analysis
        BTC experienced a bounce influenced by SPX movement but faced challenges as SPX started chopping.
        1H compression likely to bring volatility.
        Support levels identified below; a dead cat bounce expected rather than fresh highs.

    ETHBTC/ETHUSDT Insight
        ETHBTC at a bounce-worthy area but with significant inefficiency below.
        Previous long stopped out, yet the probability of a squeeze higher was noted.
        First test of 4H EMA200 anticipated to provoke a reaction.

    GBPUSD Observations
        Focus typically on EUR, JPY, CAD, and CHF.
        Rejection from a high-timeframe level similar to EUR.
        Influence of US monetary policies highlighted, affecting GBP's performance against USD.

    ONDO Technical Overview
        Critical levels at 1.20 and 1.26 identified for a long position.
        4H MA100 broken and turned flat, EMA200 retest expected.
        2H compression forming, aligning with the long idea.

    ROSE Market Position
        Strong 1H view, though resistance noted upon zooming out.
        Potential early breakout from daily compression observed.
        Conservative and optimistic target areas discussed for long positions.

    TON Market Strength
        4H EMA200 bid noted, with compression structure forming.
        Hourly and 12H compressions monitored for potential bullish movements.

    ENA Trade Insights
        Concerns over a crowded trade led to an exit after losing hourly EMA200.
        Bullish divergences could justify scaling in, but current conditions deemed unattractive for a long.

    SUI Technical Pattern
        Similar to SEI, near 0.618 retracement on fib.
        Waiting for a strong reaction off SMMA100 before committing to a long.

    INJ Chart Analysis
        Observing a reclaim attempt of the 3D trend.
        Daily trend clean but compression levels need monitoring for potential bullish moves.

    NOT Market Watch
        1H compression encouraging but cautious due to Bitcoin's performance.
        Monitoring for a potential long if conditions improve above hourly EMA200.

    TAO Support Level
        Ideal bid around 3D EMA200 and 0.618 fib level.

    MEW Trading Strategy
        Bybit listing impacts noted.
        Trading strategies focused around SMMA100 and 4H EMA200.

    DUSK Trade Review
        Pivot to RWA similar to PolyX bag.
        Profits taken, with readiness to compound lower.

    MPL Chart Evaluation
        3D MA100 and EMA200 acting as support.
        Concern over previous massive move and retracement.

    CHZ Market Status
        Previous trade stopped; noticing resistance at 4H level.
        Current weakness noted, not favorable for new trades.

A nice way to present your analysis and the market survey. If you do it continuously on a platforms I think people will surely join you in order to reduce their efforts and gain enough knowledge from you.

I haven't gone through all the details but I hope you have provided the correct information and the analysis is upto date. Trust factor is very important.

[johnsaributua]

It seems that your technical analysis is quite good and planning each entry with realistic calculations with indicators, it could happen, and I agree with bitcoin, it is a type of asset that does not disrespect analysis, I mean, even with price action bitcoin does not disappoint its hodl er, more stable and I often do even though buying bitcoin in a hurry and storing it for the long term, for me this is not suitable for altcoins, unless you consider it, because altcoins are almost every day there are listings while bitcoin trust has happened well and the rely is clear. Your information is good for those who are experts, although basic analysis remains the market (supply and demand) has control.

[dinotrader777]

Market Analysis and Trade Ideas from Haven Group's Pierre: June 2024 Update
Bitcoin's Critical Levels and Trading Strategies
Current Market Sentiment

Pierre, a key analyst from Haven Group, shares his latest insights on Bitcoin (BTC) and other cryptocurrencies, emphasizing the current "bounce or rip" scenario. With BTC retesting the $65,000 mark, there's optimism among bulls, but Pierre stresses the need for reclaiming critical levels to ensure further upward movement.
Key Levels and Strategy Adjustments

Pierre highlights the importance of monitoring the H1 chart to identify levels that need to be reclaimed for BTC to maintain its mid-range and aim for a potential retest of $66,500-$67,500. A significant update from Pierre is the adjustment of his hard stop loss (SL) for BTC exposure from $62,800 to $63,500. He believes a break below $64,000 would likely indicate the end for bulls. Pierre notes:

    H1 Chart Analysis: The focus is on reclaiming certain levels to sustain the mid-range and support the long position.
    Stop Loss Adjustment: The SL has been tightened to $63,500, acknowledging the risk of a break below $64,000.
    Manual Intervention: Pierre indicates he would manually cut his position if BTC closes below the mid-range, provided he's at his desk.

Detailed Chart Insights

Pierre acknowledges the complexity of his D1 chart but assures that all critical information is included. He emphasizes the importance of the updated SL strategy, considering his limited availability to monitor the market post-close.

    D1 Chart (BTC/USDT): A comprehensive analysis showcasing long-term trends and critical levels.
    H1 Chart (BTC/USDT): A more immediate focus on shorter-term trends and necessary reclaim levels.

Broader Market Perspective

Pierre extends his analysis beyond BTC, mentioning the broader market's "bounce or rip" condition. He advises traders to have clear exit strategies and to pay attention to lower timeframe (LTF) trends for potential targets.

    Trading Opportunities: Emphasis on playing bounce attempts with clear invalidations.
    Market Health: Noting the degradation of the altcoin market, Pierre hopes for bounces to provide trading opportunities and market relief.

Altcoin Analysis and Specific Trade Ideas
Altcoins in Focus

Pierre shifts attention to altcoins, particularly highlighting Ethereum (ETH) and its potential impact on the market following the SEC's decision to back down on ETH 2.0.

    ETH and ETH Betas: Eyes are on ETH and related altcoins (ENS, PEPE, LDO, PENDLE) to see if the momentum shift can spark a trend retest or new trading opportunities.

Toncoin (TON) Analysis

Pierre also analyzes Toncoin (TON), focusing on its ability to defend its D1 trend and form a lower high.

    TON/USDT Chart (D1): Analysis of TON's potential to hold its daily trend and implications for future movements.

Final Thoughts and Recommendations

Pierre concludes with a reminder to traders to stay disciplined with their plans, especially in the current uncertain market conditions. He advises focusing on D1 trend retests for main targets and monitoring LTF trends for immediate opportunities.
Key Takeaways

    Critical BTC Levels: $64,000 as a pivotal level for bulls.
    Adjusted SL for BTC: Tightened to $63,500.
    Altcoin Market: Potential relief and trading opportunities in ETH and related assets.
    Discipline and Strategy: Importance of clear exit strategies and adherence to trading plans.

For detailed charts and further updates, Pierre directs readers to his analyses on TradingView:

    BTC/USDT D1 Chart
    BTC/USDT H1 Chart
    TON/USDT D1 Chart

[dinotrader777]

1. Market Resistance and Current Trends: The market has recently encountered resistance at the H1 200 EMA and the H1 trend line. The first retest of these levels saw a failure to reclaim, indicating potential weakness in Bitcoin's price action. As a result, the market slipped back below the D1 trend and into previous local ranges, suggesting we might see more choppy or consolidative price action in the near term.

2. Trade Ideas for SOL/USDT: A long position of 85% was entered with the expectation of a bullish move, but the market failed to hold key levels. Specifically, SOL/USDT lost the H4 trend, leading to a stop-out at 149. The loss of the 150/152 level further confirms this weakness. However, if BTC can reclaim the H1 200 EMA, it might support a recovery for SOL/USDT. Conversely, a failure to hold these levels could lead to continued downward pressure.

3. Key Levels to Watch: For BTC, the 61/62k zone is crucial. Reclaiming this area could signal the end of the current downturn, but failing to do so could push prices back down to the 57/58k support level. The H4 100 MA and H4 200 EMA are also critical levels that could guide the next moves in the market.

4. Latest Updates and Considerations: Recent price action has been volatile, with the market failing to maintain momentum for continuation after a few days of upward movement. This volatility suggests we could be back to the choppy price action seen throughout most of August. Key areas like 61/62k remain essential for determining the market's next direction.

5. Potential Trading Strategy for AAVE/USDT: AAVE/USDT is currently in a wait-and-see mode. The H4 trend has flipped to resistance, and the H4 100 MA has been defended. A break above the H4 trend could indicate a local bottom and present a potential long opportunity, with the main target being a retest of recent highs. However, if the H4 trend continues to act as resistance, traders might look for a short opportunity down to the H4 200 EMA.

6. Conclusion: The market remains in a critical zone, with key levels like 61/62k on BTC playing a pivotal role in determining the next move. For SOL/USDT, the current position is flat after the stop-out, and traders should be cautious until clearer signals emerge. As always, managing risk and watching for key breaks or holds is essential.


7. Requests: Entry area hit for those watching PENDLE, similar for SEI, POPCAT, TAO, FLOKI shared yesterday.
For those who asked for them and might went for these ideas: must hold and pray BTC at least chops.
TradingView Charts:

    PENDLE/USDT - D1 https://www.tradingview.com/x/pMEbyVrs/
    SEI/USDT - D1 https://www.tradingview.com/x/BxgJusxF/
    POPCAT/USDT - D1 https://www.tradingview.com/x/X9oMPFUo/
    TAO/USDT - D1 https://www.tradingview.com/x/Tq1KtMnk/
    FLOKI/USDT - D1 https://www.tradingview.com/x/cZ9JUXaH/


Keep these insights in mind as you navigate the market, and stay prepared for whatever the charts might reveal next!

[dinotrader777]

Here's what you need to know for the week:

Key Market Update:
Over the past weeks, we’ve been accurately predicting Bitcoin’s movements, including the recent price pump after the 50bps announcement. Now, the big question is whether Bitcoin will break through the current resistance at $64k. It’s not a matter of if, but when.

What’s Next:

    The $64k resistance level is important. Once we get a daily close above it, the next target will be $68k-$70k.
    If Bitcoin drops, look for a strong support zone between $60k and $61k. There’s a lot of liquidity here, and it could offer a good entry point for a long position.

My Plan:

    If the price dips to $60k-$61k, I’ll add to my long position (I already have a long from $53k).
    Once $64k is broken, expect a quick move towards $68k.

This week may bring more volatility, especially with the US GDP numbers coming out and Jerome Powell speaking on Thursday.

Summary:
Focus on $64k as resistance and $60k-$61k as a possible support for new longs. My overall expectation is an upward move towards $68k-$70k soon.