Token Metrics Trade Updates

💭 What is important is that I'm not calling you to open SHORT position. We just need to survive this chop & fill bags according to the best of our ability.

👀 ETH UPDATE The same situation is happening on Ethereum. There is a massive descending channel. If Bitcoin dumps below the $60,000 support, is quite obvious that we can see a dump to the support of the channel. It is somewhere near $2660 on Ethereum.

BTC UPDATE Daily chart on Bitcoin, without any noise. There is a descending channel. From my point of view, it really needs a fake breakdown of the support to ~$55,900 zone. It will be worse If #BTC just grows up from current points. Not enough fuel.

❗️ Bought some #ESE at the $0.09 support! The price is about to break through the falling wedge. Staying strong above the the level. Weekend trade.

💭 «What about #FTM? please update chart» — There is an ascending trend line that held the price for quite some time. This is the perfect entry point. You can also consider entering at the red line breakout

💭 "When will Altcoinseason start?" — In the second half of Q2 2024. Either Bitcoin pumps or dumps from current points, it will cause a pump of Bitcoin Dominance anyway. Altcoins will start pumping only after Bitcoin make a final move.

🐵 At the 19th of April (before the halving), the average cost to of Bitcoin Production was $64,000. An electricity part of this sum was $38,600. As we all know, the Average Bitcoin Production (ABP) cost gradually increases after the Halving. After the recent two Halvings, a part of electricity in ABP increased by +65% in 2016 - 2018 and by +50% in 2020 - 2022. By doing simple maths, we can expect an increase of electricity part on ABP to $58,000. Want to remind you that historically, Bitcoin has only touched the electricity cost lines only a few times for a short period of times.

Looking forward to what this Halving will bring!

✔️ S&P500 dumped right to the EMA100 on the Daily chart and bounced from there. I know that it was said many times already, but I believe the correction on Bitcoin is coming to the end.