BRF #23 Moar Charts!
Why We All Got Into Crypto!
You know I think back often to why I got into crypto and I think for the most part its why a lot of us got into crypto but it was simple. We all felt like we were being boxed out of the game that the bankers we playing in and that there was a separate set of rules for them vs us. This of course has proven itself to be true time and time again, even if crypto has lot a bit of this ethos to money hungry little shts who know fck all about finance its still better than what we had and bitcoin did its job of completely turning the financial system on its head.
I covered the fiat ponzi in the last email, but I also did shoot a video covering the over $200B in fees the banks have paid in fines since 2008 and the trillions they have gotten in private/lesser known bailouts. They are short videos in case you were wondering.
It really is a joke the whole system, and I know with what everyone has witnessed over the last 12 months or so, trust is at an all time low. This is why so many extremists praising the “burn it all down and start over” narrative are getting so much attention, when people get desperate they tend to be easier to manipulate which is why charismatic characters that claim to have a fix like this emerge.
Every man must create a set of morals and values for themselves and keep to that as best as they can.
In This Issue:
Why We All Got Into Crypto
Bitcoin Charts & Thoughts
Eth Charts & Analysis
Altcoin Charts
Tools & Resources
Bitcoin Charts & Thoughts
If you remember the last email where I gave a huge chart drop and we broke down the ranges for bitcoin and eth from macro to micro, here we are 7 or so days later, and the ranges still valid and proving to be easy way to help track where price is at.
BTC Weekly
Lets just dive into the weekly here on Bitcoin, you will see how important those levels turned out to be.
That mid-point which looking back left had all kinds of history to it, clearly is showing its importance over the last few weeks.
The green box was proving to be a key area to refill, and if you think back to that point, what was all of crypto twitter and everyone talking about? They were all rolling out the $19k charts, $15k price targets on CNBC and everyone was crying once again. Sentiment is a strong indicator both ways, whether we like it or not, I can literally say the same for when btc was at all time highs. Everyone was posting photos of watches, buying houses, omg I am rich off doge coin blah blah. Same thing!
If you didn’t refill then this midpoint to top of the range it yet another range you could play and load up in here.
BTC Daily
Zooming in here is how things broke down daily, we had the dip into the green box which was the low, then we had a HL (higher low) 4 days later and now have cleared above the mid-point on 4hr time frames.
If you followed the outline I have been giving you then you would’ve carved out a tighter weekly range that you could’ve played and used as your entry, sitting pretty right now on a long.
ETH Charts & Analysis
Let’s pivot into eth now which was lagging for sure, I was keeping an eye on eth/btc chart actually and when I saw that starting to turn up and a nice W bottom just below the april low on eth/usd the s/r reclaim was the entry.
If you remember I had my eye on $1417 area, we didn’t get that and now from a % roi standpoint eth is already out performing btc over the last few days.
ETH/BTC Daily
It didn’t even touch the range low, instead it hung onto that 200MA and bounced off that. Pretty straight forward to spot actually. Notice the volume profile to the right and how that gap/inefficiency lined up with the bounce.
ETH Daily
There are a few levels I am currently watching on eth, first one being the 50% fib line from the wick ATH, which on Bitmex chart is $2348 and then we have the mid-point from the april range I marked out last email.
Notice the volume profile to the right and how that gap/inefficiency lined up with the bounce.
As price hits key levels expect interaction there, meaning initial rejection/sell off before it breaks through that level. Very rarely do you see price jump green dildo through a key level without retesting it at minimum.
Altcoin Charts
I wanted to catch up on a few altcoins here, over the last week or so there was 100% some amazing deals on alts, and from a spot standpoint was a week to be buying.
SOL Monthly
I like following the Sam coins, Sol and FTT being two I track consistently, wanted to share a range I have marked out from monthly.
The 3 black curves are the highs/wicks which when I am looking at levels I treat as deviations, interesting enough if you adjust your fibs, your midpoint will be closer to the close of May and open of June.
SOL Weekly
On the weekly its really obvious how pivotal the mid-point was and looking right to the volume profile you see price came and wicked right into the low volume node at $20.25 which was a steal. You could’ve literally just set bids there based on volume profile and these key levels and be sitting pretty right now.
SOL Daily
On the daily we have clearly closed above the mid-point now, bags should be packed now waiting for arrival at $42. Start to take some off the table on the way up or if you see it interacting with a key level and flipping s/r.
AAVE
This is a great example of a chart that doesn’t have super obvious levels to mark out and instead I have one line overhead I see as a key level that goes back months now which will have to be flipped into support at $300. I also have 2 levels marked above as TP targets.
The $300 price will be a key level to flip as you can see going back to jan 2021 it acted as support and got a lot of retesting over the months. Look right you see once again the volume profile earning its keep as an indicator on our charts, on higher time frames it spot on. Price revisited the lowest node yet again, which was also the 200MA level and did a square up there the next weekly open. That is an important level now moving forward.
The point of me showing this chart is to prove that literally with just 1 level and 2 indicators you could’ve entered into this. Tag out the volume node level after you notice it was lining up with 200ma, you had a good 2-3 days to pick up at this level or you could set bids and walk away.
AAVE Daily
Zooming in you start to see that its been on a 3 day moon mission so far on its way back up to $300. Expect some sort of rejection at that level and don’t expect it to flip that super fast. If you didn’t enter yet, you could enter there on the retest of that level.
Below are links and resources that hopefully help you with your trading while supporting us.
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If you like what I do yet already are signed up below or don’t care to sign up through those links, consider a tip for the work that goes into these emails. Not at all required, insanely appreciated though!
Binance Exchange
By far still the largest exchange, if you want to trade majors and a huge selection of alts and defi, not to mention the Binance Smart Chain projects!
FTX Exchange
For non-US residents who want to trade leverage on bitcoin, alts and trade futures contracts on crypto and stocks.
QuanTower
A tool like this is valuable because its a lightweight desktop software that connects via api so even when the front end site goes down during volatility, you can still trade. This happens the most with sites like Binance and FTX. They integrate with tons of exchanges in crypto, forex and options space. Videos coming soon!
NordVPN
Need a VPN to help access exchanges or keep your data private? I have been using Nord since 2017 and have had maybe 1 or 2 issues with IP address. They are one of very few companies we turns down government attempts worldwide to “share data” and are often voted as one of the best VPNs. 2yr deal currently 68% off!
Peak Performance:
Daily greens I have used for last 5 years: https://amzn.to/2QodZC9
BCAAs I have used for last 2 years: https://amzn.to/2rlnsvX
Custom Brain Blend Formula I take for focus: https://amzn.to/2QwXxzg
None of what I put in these emails is intended to be taken as investment advice, there is no BUY/SELL calls in these emails, nor is this any kind of signals group. There is obvious and inherent risk involved with trading cryptocurrencies or any asset, that must be taken into consideration by the investor. Any and all outcomes are your fault good/bad!