Members Breakdown - 03 June 2021

Bitcoin still in the range and on the upper bound (i.e. $40,000). We cannot yet assume a change in trend before BTC reclaims the upper bound of the range - daily closure above $40,000.

ETH

DOT

DOT reached $27. Now the aspect to watch is seeing whether the daily closure takes place above $27 - if it were to happen it would open up the door to $40 once again.

SNX

$12.40 reclaim leads to $14.10 - similar to DOT, now we must see whether a new level reclaim takes place or not. If $14.10 is reclaimed then $18.25 is next.

RUNE

RUNE struggled with $12.85 on a daily closure basis. Given that RUNE has recovered about 50% of the correction so far, it does seem that a daily reclaim is possible. Now of course, we cannot presume this before it actually takes place.

FTT

Out of the assets we own (alongside BTC), FTT does seem like it will take its time to recover. Would love to be surprised by it as we're hodling it anyway but it seems a bounce to $43 then consolidation will be the scenario that plays out here.

SOL

Absolute perfection. Key level to key level. $28.50 reclaimed and perfectly led toward $36 as anticipated. Now SOL is in a similar boat as DOT & SNX & RUNE, will a daily reclaim of a new level happen? We're monitoring.

SRM

SRM still underway to $6.40.

Total Crypto Market Cap

The real market denominator that is playing with $1.7T and our patience. A reclaim of $1.7T (blue area) would lead to a recovery in the market. Whether today or in a week or two, we attribute higher odds to a reclaim of $1.7T than a breakdown or $1.35T.

Despite this rally today, we must keep in mind that the daily closure confirmations are what matter. We mustn't get ahead of ourselves and make assumptions.

Facts > Wishes

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.