DollarBills Charts 🎯 📈

JUST IN: $1.1 trillion wiped out of Gold's market cap today. @WatcherGuru

Sheeeeesh. What a difference a couple of weeks can make. BTC tapped every one of those resistance levels I pointed out and then rolled over hard. Yesterday it broke down out of that channel, and you can clearly see the reaction. At this point, it looks like there could still be more downside, but there are a couple reasons we could see a battle to hold: 1. We're sitting right at the Point of Control (that red horizontal line), which represents the area where the most volume and liquidity has traded. 2. RSI is extremely oversold. That doesn't guarantee a bottom—sometimes it just leads to a relief bounce before another leg down—but the last few times we reached these levels, BTC put in a pretty solid bounce. The major support levels I'm watching continue to line up with key psychological levels around $65k, $60k, and then roughly $53k. Hopefully everyone is protecting capital, managing risk, or taking advantage of the move if you're positioned short. At the end of the day, if you don't believe BTC will eventually be worth 2x these levels, you're probably in the wrong place and the wrong mindset.

Pretty big deal for the smaller accounts and people starting out.

Hope you have a stonk portfolio as well. 🙏

Good or bad? Thoughts

JUST IN: Elon Musk's SpaceX discloses holding 18,712 $BTC worth over $1.4 billion. @WatcherGuru

Save us Elon

BTC rejected exactly at the channel trend resistance and the 200 EMA, as noted before, then fell quickly as there wasn’t much support underneath. Still some room for downside here, so I’ll be watching price action closely at those key levels and the lower trend line of the channel.

Chilllll

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Called a majority of the plays I took in here

We still have people screaming for 50k and they’ve been doing it all year. The problem is they just missed a 35% move on BTC and even bigger moves across many alts. We play both sides of the trade. My long term bias is bullish, but short term direction can change fast depending on price action and the nonstop flow of economic events that seem to hit harder every week, month, and year. I’ll be opening the private group again soon for people ready to trade seriously and focus on real setups, not just chasing memes and getting smoked.

BTC has tapped the 200 EMA and the top of the ascending channel again and rejected. I’ve mentioned this level multiple times because it remains the biggest resistance on the chart right now. If 80,500 to 80k cannot hold, price can fall quickly with very little support on the way to 74,500 and potentially 70k. Despite short term weakness, BTC is still technically in an uptrend since February with higher lows still intact. There’s also a lot happening this week with Clarity, a potential new FED chair narrative, and major economic data, so volatility should be expected.

JUST IN: 🟠 Bitcoin has outperformed gold by 36% since the start of the Iran war.

BTC has to get through 80,500/600 area to sustain this move. My opinion is that we see a close of the CME gap toward 83k-84k before market makes next decision. Could hit those levels and dump hard. What we would want to see there is sideways hold and 80k as new support. Better stay locked