Market Analysis

Members Breakdown - 14 April 2021

Updated: Jul 25, 2024

Published: Apr 15, 2021

In the very short-term, there may be a short-lived pullback IF the Coinbase listing dumps at the start but as stated in the Coinbase IPO journal, it is mid & long-term bullish BTC/ETH/DeFi

BTC

Clear break, heading to new ATH, $74,000 coming up next. 📈

We would NOT be shaken out by this!

Honestly getting shaken out over $60,000 would be a bit worrying – given this thing was trading sub-$10,000 for the longest time.

ETH

Current Price ($2,421)

$3,000 on its way! Remember our $1,430 (swing trade) buy though? All it took was guts to buy the dip. May seem scary in the moment however, look at how rewarding it has become. 🏆

DOT

Subtle changes go unnoticed by many.

Nevertheless everyone FOMOs in when the inevitably undergo large movements. The $40 flip from resistance to support may seem very shallow. However, that is exactly the type of subtle change one should always be looking out for especially in such a bullish market structure.

SNX

The new SNX buyers are so weak-handed. With that being said, the change in market structure and the higher low is all that matters on this chart.

Patience pays.

RUNE

Rune is currently in its own world! 🌎

$15 ACHIEVED

Are we planning on selling? Most Definitely not! We have a target.

As amazing as these price are moving we have our eyes on only one thing. $90 - Short-term fluctuations or not, we don't care! $90 is where we will be selling a portion of our bag.

FTT

Exchange tokens (FTT & BNB) have been rising because of two reasons:

- Massive transactional volumes leading to more token burns and hence price = UP - Coinbase listing anticipation

Now if COIN dumps on listing day, that would affect FTT & BNB

We have a lot of FTT from way lower but if we didn't we'd set some stink bids between $30 and $45 and hope COIN d umps at the open to fill us. Will they fill for sure? No - However, that would have been worth a shot. We will be not doing it though since our average buy-in is under $10 anyway.

SOL

We are back at support ($25.50) Consolidations may be boring however, they set up bases for further price upside discovery.

SRM

At support, been rising a lot these past days & SOL SZN hasn't even started yet! Let's not forget that it is a Bluechip token in the Solana space.

OXY

We saw some uptrend traction in the beginning of the week. $3 is a psychological level - may provide support however, looks like a retest of $2.8 is more likely to happen here.