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$BTC Very Expensive region gets front run once again. Still think we have higher to go before it's over. Consolidation and chop after a breakout is normal. Just need to remain calm and patient enough to see it through. 🤝
$ETH with a clean weekly close above the Range Mid. Next target should be the Range High at $4k. Consolidation and chop here is fine. We just don't want to lose the Range Mid again. 🫡
Clear invalidation for Bitcoin at $109k. As long as we are above it my bias is that we go higher. Don't get chopped up on low time frames. When in doubt, zoom out. 🤝
Always great when the base case plays out. Crazy how well Bitcoin followed the path we outlined. Now it's time to see how this price action develops. It never hurts to be prepare for multiple outcomes. 😎
Early signs of a GLI downtrend forming. First time this has happened this year. We should still have more room to rally. But definitely something to keep an eye on. 🤝
Narratives are a lot of fun. But at the end of the day Bitcoin is still a risk asset. It goes wherever the S&P 500 goes. I don't think that changes anytime soon.🫡
Bitcoin's 200-week MA is now right around $50k. I like to use our extension from it to assess Fair Value. We are now at the upper end of the Expensive region. I'd love to see us enter Very Expensive on this rally. 🤝
Impressive weekly candle for Bitcoin. It's hard to have specific price targets during price discovery. Would rather wait and see price action develop. Momentum is a powerful force. 🤝
Greed is back in the air. Nice to see some positivity on here again. So much better than the Neutral or Fearful periods. Hopefully we see Extreme Greed soon. 🫡
There's the breakout. They said it couldn't happen in the summer. What a ride it has been. Now we sit back and see how high Bitcoin wants to go. 🤝
GLI hinting at a bullish July and August. It hasn't failed us yet this cycle. Let's see if this time is any different. The next few months should be telling. 🤝
Bulls fighting for price discovery in July. Bears fighting for summer chop until Q4. Who will win? 🤔
Even with Bitcoin trading close to $109k. Market sentiment is only in the Neutral region. This is the exact setup you'd want to see before a breakout. Plenty of room to run if we enter price discovery. 🫡
Only a Matter of Time "Bitcoin fights resistance, sentiment remains Neutral and The Global Liquidity Index continues its uptrend as we..." Read today's FREE Weekly Report here: cryptocurrently.beehiiv.com/p/only-a-matte…
Patiently waiting for the "Very Expensive" region. 🥱
Consolidation right below all time highs. ✅ Sentiment still very fearful somehow. ✅ July tends to be a good month. ✅ Hard not to expect new highs very soon. 😎
Ready For Takeoff "Bitcoin retests resistance, sentiment returns to Neutral and The Global Liquidity Index makes a new high..." Read it for FREE here: cryptocurrently.beehiiv.com/p/ready-for-ta…
Last resistance level before price discovery for Bitcoin. This level has already been tested so many times. Only a matter of time before it breaks through. 🤝
New high for The GLI today. Dollar weakness increases liquidity globally. Should be a strong tailwind for Bitcoin. Don't complicate something that has worked all cycle. 🫡
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