Exoplanet Markets

#TRX been a while but finally on the move from a trade time ago in early July 🪐👨‍💻

#BTC not much changed, rejecting at $65k, longs increasing, same levels below 61-60k that never got retest are waiting, otherwise more grind in range I think until volatility expansion outside of it that doesn't seem fourthcoming yet 🪐

#SPCX trad fi is rapdily becoming tokenised on blockchains like Robinhoods, adoption of the tech finally happening just not the native cryptocurrencies themselves that might actually benefit 😂 #SPACEX got a breakout after an over 50% dump from IPO and subsequent rapid fire short squeeze, its now run into supply with a big FVG below down to around $115 which would be a key level to determine if the bottoms in 🪐

#ES1 NGL this fib level was a target 🎯 mid term at least, short squeeze amidst earnings chaos and SpaceX etc. #BTC just moved into resistance area so not sure if it gets beyond $65k but waiting to see what develops 🪐

Index funds #ES1 #NQ have been in correction this month, #NQ already swept its low and saw 10% dip #ES1 didn't sweep yet but Nasdaq is more volatile due to the tech weighting in the fund + Korean stocks dip and liquidations, a further dip on #ES1 could see #BTC lower going into August but its up 8% in a green July even with trad fi volatility🪐

#BTC traded into mid level 62.7k area again, 60k area never got a backtest on the way up so it'd be that if current mid level lost. Otherwise just more chop in range until the longs increase over 70% and it'd probably lose the current range, or shorts increase and there could be a big move to upside, quite dull otherwise compared to trad fi markets 🥱🪐

Start of the week interesting with volatility in oil and stocks, #BTC still in range but a red folder event on Wednesday #FOMC so waiting to get Monday out the way 🪐

How Eliott Wave ABC corrections can behave in bear markets in the case its a confirmed running flat ABC (hasn't yet), if it is confirmed it'd be back to bottom of range 58k/57k 👨‍💻

Longs increased at 66.6k area resistance and continue to increase as per on the dip, unless the shorts build over 60% around FOMC next week I don't see much for upside, more chop & grind in the range 👨‍💻🪐

#BTC daily well rejected at the previous resistance but going deeper on the B wave retrace, 62.7k is the key support to hold, FOMC next week so some liquidity sweeping to be done before and during the event 👨‍💻

Retail shorts are increasing exponential since 64k. feeling bearish sirs? I don't doubt it can squeeze a bit higher first before pullback 😄

#BTC is following the wave roadmap perfectly so far, the daily count also suggests 70ks is imminent 👨‍💻🪐

#TRX up 5% since last post, waiting for local retracement then towards target, probably when #BTC closes above $64.5k on a high timeframe 👨‍💻🪐

#BTC well not much changed since a week ago but has formed this inverse h&s to add confluence to the move up towards 72k soon ish, might be around the end of the month, CPI print tomorrow so will be the usual doji, wicks etc. 👨‍💻🪐

#BTC 12 hr, waiting to get Monday out the way to see if it retests 60.8k area, otherwise could see 65k-66k if it takes out that high. Alts seem better positioned i.e. #TRX 👨‍💻

#TRX how bout alts? They're setting up, in a homogeneous market most follow the ring leader #BTC, #TRX looks like it wants a retest of the highs from this mid level area 🪐

#BTC 3 day, early days but if the wave fractal from Feburary comes into play could see up towards $72k like the dump down in May suggested. Now its swing failed the lows and back above $60k seems ready with bullish divergence developing, waiting for a long setup 🪐

So to conclude there's a good case (not strong bull) for July being a green relief month for crypto as long as BTC holds 58k area, stocks stay bullish & the dollar keeps weakening.

#ES1 S&P futures, I've had this target marked out for a while before potential reversal back down, stocks look like they want new highs with dollar strength weakening 👨‍💻