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@TXGTRADES Co-Owner | @Weex_official Partner | Crypto Trader | 24/7 Grind | DMs open | NFA

Joined July 2023
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#Bitcoin lost the $80,620 level on both the weekly and monthly charts. October closed around $77,500 and the weekly closed at $80,000. The key level to watch now is $74,500. Holding it keeps the door open for a move higher, while losing it puts $69,000 in play. The US midterms hit next week, so caution is advised when trading!
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The bullish scenario from August played out. We got the weekly and monthly closes above $72,440, and $BTC pushed up into the $82,820 resistance. October brought a rejection and pullback from that level, but the weekly structure still looks like a cycle bottom is in. Until we see a new ATH, we're treating every higher timeframe pullback as a buying opportunity.
We’re watching two main scenarios for $BTC. Reclaiming $67,000 and holding it could open the way toward $72,000 and confirm that the bottom is likely in! If $67,000 remains resistance, $BTC could eventually make a new low below $57,730, with the $49,000 area being our worst case zone and a potential long term buying opportunity! For now, sub $67,000 levels remain interesting for DCA, but macro and geopolitical developments could heavily influence what comes next.
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$BNB reclaimed the $660-$700 zone and pushed up to $790, where it faced rejection over the past few weeks. Price has since bounced just above $700. If the bounce continues, a retest of $790 is likely. If it falls back into the zone, expect consolidation. Bitcoin's next move will heavily influence which scenario plays out!
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Every trend runs out of steam eventually, and the signs show up before price turns. Don't buy the top. Watch for fading volume while price keeps climbing. Fewer traders backing the move is an early warning! Also look for failed breakouts and lower highs. No single signal is a guarantee, so wait for two or three to line up before you act.
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$AVAX broke above $8.45, ran into major resistance at $12, and got rejected. Now it's pulling back to retest $8.45 as support. If $8.45 holds, another push toward $12 is likely. If it's lost, the pullback could continue lower!
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$USDT.D bounced at the 6.208% support, but we expect it to fade and break lower in the coming weeks. That opens the door for a pullback toward 5.10%. Falling dominance means capital flowing back into crypto, which is bullish for BTC and even more so for altcoins! Worst case, the bounce extends toward 7.5% where we'd expect a rejection, but that looks unlikely right now.
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#Altcoins held the 568B–617B support, consolidated for weeks, then broke out in August and cleared 782B in September. After getting rejected near 900B, price is now retesting 782B as support! If 782B keeps holding, a move toward 1T looks likely, which would bring momentum and sidelined capital back into the market. Lose 782B and a pullback toward 700B comes into play, which would shake out late longs and cool sentiment. Stay patient and let the level confirm.
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Not every level on your chart deserves your attention. The ones that matter most have been tested multiple times and show up on higher timeframes, where bigger players and more capital are involved Look for strong reactions on heavy volume and confluence, where several signals line up in the same area. The more reasons for price to react, the more likely it will Quality over quantity, a clean chart with three strong levels beats a cluttered one with fifteen!
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$BTC retested the $80,620 support again and is chopping just above it. The weekly closed around $83,700 but the bullish momentum we wanted for a run toward $90,000 never showed up. The level to watch is the $83,000-$84,000 zone. A weekly close above it keeps the bullish case alive, and if we don't get it, we flip back to risk off! From there, we wait for a breakdown below $80,000 or a daily reclaim of $84,000 before opening new positions again.
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DXY broke above 100 and ran to around 103. It's now just below 102. The key level is 100. A retest is likely, and a hold there could fuel another leg higher! A stronger dollar would pressure risk assets, while losing 100 again would be a failed breakout and give crypto and equities room to breathe.
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$ZEC ran from the $761.30 ATH reclaim to a new high at $1,700, and has since pulled back into the $1,000 support zone. If $1,000 holds, another retest of the ATH is on the table, especially if Bitcoin moves toward $90k! A strong breakdown below it would open the door to $761.30, so patience is key here.
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$PEPE broke above $0.003877 in September and got rejected just below the $0.0057 resistance. So far, price is holding $0.003877 as support, a strong sign of bullish momentum. The most likely path is another move toward $0.0057. A weekly close above it could open the door to higher levels, while another rejection means more consolidation. $BTC remains the key factor, so keep an eye on it alongside $PEPE!
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These news just brought the chances of rate hikes close to 50% again, and has caused the recent dump for the market. Now it's an important point for Bitcoin since it will show if it can really hold, or if it's ready to move below $80,000! Tomorrow more important data is coming out so be careful when trading with leverage during these times.
BREAKING: 🇺🇸 US inflation rises to 3.7%, higher than expectations.
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Since our previous update, $FARTCOIN has reclaimed $0.1450 and built a new accumulation range between $0.1450 and $0.1985. Buyers continue to defend the lower boundary, while sellers keep rejecting price at the upper end. A clean breakout above $0.1985 and a successful reclaim as support could change the structure and open the way toward $0.35, the next major resistance! For now, $0.1450 remains the key support, while $0.1985 is the level to watch for confirmation. The breakout is not confirmed yet, but repeated attempts could eventually lead to a move higher.
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$BTC closed the week around $86,500, but momentum never showed up and price pulled back to the $80,620 support, where buyers stepped in with a strong bounce. A weekly close above $83,500 today could send us toward $90,000 and above next week. A weak close well below it and we go risk off!
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$FARTCOIN Price Targets $0.22-$0.27 Price is starting to look good on the higher timeframes, and could soon make a volatile move to the upside if the rest of the market pumps! These are the two targets we have on $FARTCOIN, as long as it can hold above $0.13 it could move higher from here.
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The coins we analysed all delivered big moves with these being the best ones, ranging from +27% at the lowest to +50% at the highest. That confirms the analysis was solid, even though not every coin reached its first target. $XPL was the standout on the target side, it ran +46% and hit our $0.123 level. $PENGU, $WLD, $MON and the rest fell short of their first targets, but they still rallied hard in the direction we expected! Being right on direction is what matters most. Keep showing up, trust the process, and the results follow.
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$BONK managed to find support at the $0.002215-$0.002250 zone, where it made a strong bounce from! Price managed to reclaim the $0.0027 support level, and has held above it for many weeks now but keeps facing rejection at $0.003968. If we don't see $BONK break above the resistance soon another move lower towards $0.0027 will likely come!
$BONK managed to hold above the support level at $0.0027 for many days, but did not have enough momentum to go higher! Price consolidated above the $0.0027 before eventually making a breakout below it, continuing the move to the downside! $BONK will keep going lower until it finds a new support area to hold and start an accumulation phase!
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$DOGE managed to break the consolidation phase to the upside with the August pump, breaking above $0.07360 and $0.0870 finding resistance at $0.1010! Price consolidated around the $0.0870 level for many weeks before it retested $0.1010 again, where it faced short term rejection and currently consolidating below it. If $DOGE breaks above $0.1010 it will likely go towards $0.1174, but if it shows weakness it will fall to $0.0870 again.
$DOGE showed weakness and turned the $0.07360 level to a resistance, and is consolidating below it! Price has managed to form a support level around $0.06820, and is now trading between these two levels until the next breakout move! If $DOGE shows more weakness it will move below the support, but a breakout above $0.07360 will trigger a legup higher!
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$HYPE pulled back to $49.90, then reclaimed $59.50 and $75.845 before breaking out to a new ATH at $98. After a short term rejection, buyers defended $86.750 and price bounced! $HYPE remains one of the strongest coins in the market. If $BTC pushes higher, a new ATH is expected, but a $BTC pullback could mean consolidation or a break below $86.750. Let the weekly close confirm the next move before acting!
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