Market Analysis

Members Technical Breakdown - 8 January 2020

Updated: Jul 25, 2024

Published: Jan 8, 2021

BTC

Honestly bears keep getting slaughtered

As stated yesterday, over the next two weeks we are selling BTC on a daily basis (small portion); these are absolutely incredible prices

The crowd entering the market is becoming dumber by the day - sorry for being brutally honest but it is true.

There isn't a world where they get to keep the money they make, simply has not happened historically. There will be blood (not right away, there's still more room to the upside). The blue areas are where the supports will be and where we'd love to enter again.

ETH

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The demand is very much still there and strong, still expecting ATH on ETH over the next few days.

XRP

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XRP closed at the last level that was resistance (still is now), could run with the rest of alts but once again the risk is huge, the uncertainty as well and it has severely underperformed. Our eyes are on DeFi mainly and you all know this. It has been the right choice.

DOT

Perfect that it is closing a daily candle over $9.28, maintains the HHs & HLs (bullish market structure). A cross of $10.15 on the daily timeframe and it is a shot at new ATHs too. Price discovery is amazing honestly

SNX

Consolidation after a massive rally. This counter-trendline is now the key driver, once crossed it's a new run higher. Alts now still have room to grow, the problem with starting to sell here is that the eventual pullbacks will be to the levels we're at today. So no thank you, we'll wait.

SRM

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Flipped $1.40 and flying. It has a lot of catching up to do compared to other crypto-assets.

FTT

Simply parabolic, this is we expect ETH to look like soon. $10 was resistance (round psychological number). Cross of the horizontal level ($10) and a new high is on the cards: $15