Members Breakdown - 24 June 2021

BTC

No changes to BTC's price action. There are two paths: 1. Bitcoin breaks $30,000 and heads lower towards $25,000 & $20,000 (in which case we are hedged) 2. Bitcoin heads back towards $40,000 and eventually breaks to the upside (Index would have reclaimed $1.35T by then and we'd have closed our hedge and been back net long)

ETH

ETH has subtly reclaimed $1,950 but not convincingly yet as the closure is literally just $8 above the top-end of the liquidity area. Either way, our hedge is based on the index and hence can only be invalidated by the index on the daily timeframe.

DOT

DOT closed a daily candle under $15 but was able to directly reclaim it on the following candle closure - last night. This reclaim is a sort of "saved by the bell" scenario where DOT now is in a position to head back towards $19.40.

SNX

The former comment cannot be applied to SNX as it now ranging between [$6.30-$7.50]. It will be important for the weekly candle to close above $7.50.

RUNE

Two consecutive daily candle closures under $5.75 which means price is now ranging between [$4.00-$5.75] until a breakout takes place.

SOL

One of the largest bounces on the relief rally which helped price reclaim $28.50 - which acted as support once again today - that now sets the next key level at $36.

SRM

SRM playing with absolute fire here. The only technical saviour is a reclaim of $3.79. Until then price is ranging between [$2.50-$3.79] and in the event (if) of a downside break then the price would head back towards $1.40.

FTT

Despite the daily break of $25, the price was able to reclaim it which is positive for the price as it sets the chance for an upcoming test of $35.

The Total Market Cap has closed a daily candle and reclaimed $1.35T which per the plan means we must close our hedges and we have.

Disclaimer: NOT FINANCIAL NOR INVESTMENT ADVICE. Only you are responsible for any capital-related decisions you make and only you are accountable for the results.