Log in

Market Direction

Are you buying the dips? Red days don’t last forever

Updated: Nov 19, 2024
Published: Mar 20, 2024
0
Share:

In our last Market Direction report, we provided buy zones for accumulating several altcoins at a discount.

Post Feature Image

Today, we are going to quickly just upload many charts. 

We'll be able to see which ones have filled their boxes, which ones haven't, etc.

 We'll then discuss the Fed this evening and what the markets will react to. 

Let's get into it.

Disclaimer: This is not financial or investment advice. You are responsible for any capital-related decisions you make, and only you are accountable for the results. "One Glance" by Cryptonary sometimes uses the RR trading tool to help you quickly understand our analysis. These are not signals, and they are not financial advice.

BTC

Just missed the Yellow box for now. 

But the $65,000 to $65,300 will be a key local resistance for price to get above.

If we get a hawkish Powell or a shift in the Dot Plot for 3 to 2 rate cuts scheduled for 2024 (I'm not sure we will), then I think BTC can still fill its Yellow box.

alignnone size-large wp-image-294198

ETH

Filled perfectly along with the convergence of the bottom of the Kelten Channel. $3,525 will now be a relatively meaningful horizontal resistance for price to test and try to get above. 

My (Tom) personal feeling is that price may struggle to get above this level ($3,525) in the very short term, and we may just be range-bound/consolidate for the next week or so. Other than this, it is a perfect fill of the box.

alignnone size-large wp-image-294196

SOL 

It filled the Yellow box also and, for now, has bounced from there. I still feel like $160 can be tested, and I am now ruling out a fast move into the bottom Yellow box between $145 and $151.

If we get the bottom Yellow box, it'd be an absolute gift, in my opinion. I am waiting for sub $160/Yellow box to add SOL. 

But if we get there, I'll be adding.

alignnone size-large wp-image-294197

DOT

Has bounced for now, but $9.50 to $9.70 is likely to be a big resistance. I'm still thinking we'll see some consolidation/range-bound price action for a bit first. 

I can also see the Yellow box filling further.

alignnone size-large wp-image-294199

RUNE

It bounced so far, but I can see this filling further in the coming days. 

Also, $8.00 is a relatively big resistance.

alignnone size-large wp-image-294200

LINK

Hasn't respected the Yellow box, really. 

If we see LINK between $15 and $16 again, I think I'll have to consider adding to my longer-term bag.

alignnone size-large wp-image-294193

RNDR 

RNDR doesn't care about the Yellow box. 

It continues to hold the upper bound of the Kelten Channel. SOL ecosystem showing strength.

If we see price in the Yellow box, I'll be loading up.

alignnone size-large wp-image-294201

PYTH

Same situation as RNDR, holding the upper bound of the channel. 

We will look to build a substantial position if we're given the Yellow box. 

Again, the SOL ecosystem seems to be the strongest.

alignnone size-large wp-image-294202

SHDW

Range-bound as expected. Is there really anything more to comment on for now? 

Major break out will be above $1.80.

alignnone size-large wp-image-294194

NOS

Not filled yet, but very close. I have an eye on it and will look to add substantially to my position if we get the Yellow box.

alignnone size-large wp-image-294195

Cryptonary's take

Today, we tagged a load of charts above, showing how some charts respect Yellow boxes; some don't. 

We can see from the most recent move that most have respected it.

Over time, hopefully, we (as a collective) will build more trust in the Yellow box strategy, and we'll have lots of you placing Buying Orders in those boxes and getting great fills for your entries. 

In a few hours, we have the Fed. I have explained what I (Tom) expect in the most recent Market Update.

My feeling remains the same: the Dot Plot will be important. The Fed has previously shown that they believe we'll get three rate cuts this year. If that continues to be the case in the new Dot Plot, released in just a few hours times, then risk assets will really like that. But, if they revise it down to 2 rate cuts, risk assets may take a small punch. I think there's a lot of excitement for this today, but come next Monday, it'll be forgotten.

But who knows with J Powell?

Let's see what we get—I'm looking forward to it.

 

100% Success Money Back Guarantee

If our approach doesn’t outperform the overall crypto market during your subscription, we’ll give you a full refund of your membership. No questions asked. For quarterly and monthly subscribers this is applicable once your subscription runs for 6 consecutive months.

Terms & Conditions apply

Star

Trusted by 300,000+ traders

Take your next step towards crypto success

Save 50%

$799/year

Get everything you need to actively manage your portfolio and stay ahead. Ideal for investors seeking regular guidance and access to tools that help make informed decisions.

VisaCardImageMsCardImageCoinbaseCardImageSolanaCardImage

For your security, all orders are processed on a secured server.

What’s included in Pro:

  • Success Guarantee, if we don’t outperform the market, you get 100% back, no questions asked

  • 24/7 access to experts with 50+ years’ experience

  • All of our top token picks for 2025

  • Our latest memecoins pick with 50X potential

  • On hand technical analysis on any token of your choice

  • Weekly livestreams & ask us anything with the team

  • Daily insights on Macro, Mechanics, and On-chain

  • Curated list of top upcoming airdrops (free money)

Our track record speaks for itself

With over 2.4M tokens and widespread misinformation in crypto, we cut
through the noise and consistently find winning assets.

/images/advertorial/corpcomm3.webp
/images/advertorial/corpcomm4.webp
/images/advertorial/corpcomm5.webp

Frequently Asked Questions

Yes. We've consistently identified winners across multiple cycles. Bitcoin under $1,000, Ethereum under $70, Solana under $10, WIF from $0.003 to $5, PopCat from $0.004 to $2, SPX blasting past $1.70, and our latest pick has already 200X'd since June 2025. Everything is timestamped and public record.

No. When we founded Cryptonary in 2017 the market was new to everyone. We intentionally created content that was easy to understand and actionable. That foundational principle is the crux of Cryptonary. Taking complex ideas and opportunities and presenting them in a way a 10 year old could understand.

Signal vs noise. We filter out 99.9% of garbage projects, provide data backed analysis, and have a proven track record of finding winners. Not to mention since Cryptonary's inception in 2017 we have never taken investment, sponsorship or partnership. Compare this to pretty much everyone else, no track record, and a long list of partnerships that cloud judgements.

We share highly sensitive, time-critical research. Once it's out, it can't be "returned." That's why membership is annual only. Crypto success takes time and commitment. If someone is not willing to invest 12 months into their future, there is no place for them at Cryptonary.

Yes. You will have 24/7 to the team that bought you BTC at $1,000, ETH at $70, and SOL at $10. Through our community chats, live Q&As, and member only channels, you can ask questions and interact directly with the team. Our team has over 50 years of combined experience which you can tap into every single day.

Daily. We provide real-time updates, weekly reports, emergency alerts, and live Q&As when the markets move fast. In crypto, the market moves fast, in Cryptonary, we move faster.

If our approach to the market doesn’t beat the overall crypto market during your subscription, we’ll give you a full refund of your membership fee. No questions asked. For quarterly and monthly subscribers this is applicable once your subscription runs for 6 consecutive months.

Recommended from Cryptonary
BTC, ETH, and More: Double Bottoms and a Critical Bounce
PRO
Market Direction
BTC, ETH, and More: Double Bottoms ...Markets rebound off key lows, BTC and major alts flash double bottom signals. Will support hold for ...
6 min read
Oct 20, 2025
BTC, ETH, and More: Bearish Pressure as Key Support Levels Break
PRO
Market Direction
BTC, ETH, and More: Bearish Pressur...Markets face critical retests with BTC and major alts breaking supports; all eyes on bounce zones an...
7 min read
Oct 17, 2025
BTC, ETH and More: Key Supports Reclaimed, Next Targets in Play
PRO
Market Direction
BTC, ETH and More: Key Supports Rec...Markets are showing signs of recovery after last week’s turbulence. Bitcoin and Ethereum are stabili...
4 min read
Oct 15, 2025