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Market Analysis

Multi Format Thursday - Volume 22

Updated: Jul 25, 2024
Published: Dec 30, 2021
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Welcome to Multi-Format Thursdays where we analyse the cryptocurrency market in both text & video formats.

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Disclaimer: Not financial nor investment advice. Any capital-related decisions you make are your entire responsibility and yours only.
WATCH THE VIDEO - FULL OF ALPHA

Bitcoin

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Bitcoin is ranging between $45,000 and $53,000 - this range ought to break at some point and watching the breakout direction will be crucial.

Ether

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Ether has set up a lower low which even further shows that $3,200 has a very high likelihood of being tested in the upcoming weeks.

DOT

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DOT is surprisingly holding up well with the [$26-$28] liquidity area holding up as exact support.

SNX

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SNX has broken $5.50 again, puts up $4.00 on the cards.

RUNE

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What matters to us remains the $11.50 weekly reclaim. On the daily, price is mainly ping ponging between $5.75 and $8.85.

SOL

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No reclaim of $200 on the daily keeps both $150 and $125 as open options.

SRM

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Same bias in regards to a bottom forming in the [$2.50-$4.00] range - thesis shared in the video (must watch).

MINA

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MINA's ranging between $3 and $4 - awaiting a breakout for direction.

FTT

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Another ranging asset between $35 and $50. Likely remains the range for the next few months.

DYDX

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Nailed both the bottom and the top on DYDX for the past ~week. We project a bottom to form around [$3-$5]

 

Disclaimer: Not financial nor investment advice. Any capital-related decisions you make are your entire responsibility and yours only.

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