Data's Inner Circle 👑 (WILL NEVER DM YOU FIRST)
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https://x.com/TheCryptoData The Inner Circle is where I share my thought process on the overall market, including technical analysis, altcoins, and narrative rotations 💎 Nothing shared is financial/investment advice and should not be taken as such.
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Trump’s speech was incredibly bullish. Key takeaways:
- On day 1 he’s firing Gary Gensler
- He will create a US Government strategic national Bitcoin stockpile
- The US Government will keep 100% of the Bitcoin it owns
- He reaffirmed his pledge to commute Ross Ulbricht's sentence
- He stated there will never be a CBDC while he’s President
- “The United States will be the crypto capital of the planet and the Bitcoin superpower of the world.”
- “I pledge to the Bitcoin community that the day I take oath of Office, Joe Biden and Kamala Harris' anti-crypto crusade will be over.”
Expecting us to reach ATHs sooner rather than later as this news is fully digested
+3
Starting to see some signs for an impending alt rally 👇
- BTC.D is approaching major weekly resistance
- ETHBTC is approaching major weekly support
- These two events happening at the same time would allow for a major alt season with $ETH leading the way
- USDT.D is also hovering below resistance (which means people are still risk on)
- TOTAL3 is also hovering above weekly support (bullish for alts)
A lot will depend on Trump's remarks at the BTC conference today. If he reiterates what RFK Jr said about making Bitcoin a strategic reserve asset then we will continue to send. If he completely dismisses it then we'll drop. Anything in between and we'll chop. Let's see 🤝
https://x.com/TheCryptoData/status/1817249029081714962
Just made a follow-up memecoin video where I cover KARRIS and a few other Solana memes that I'm watching 💎
https://youtu.be/Ghx0iJ2sLNM?feature=shared
Congrats to anyone who got into KARRIS from our memecoin video. It's done over a 15x so far 💵
Just posted a video of the top memecoins I’m watching👇
https://youtu.be/HE4CIOPnLq8?feature=shared
Blackrock had half a billion inflows today 💸
https://x.com/thecryptodata/status/1815534104622026769
Would appreciate some love on my recent tweet about $ZRO and $ZK. I also highly recommend following Metaquant and BaroOdyssey on Twitter. They called them before anyone else 👇
https://x.com/thecryptodata/status/1814781949636190278?s=46&t=x1dbI7BdeINnBgCcIdCTIg
Congrats to anyone who’s still holding $ZK and $ZRO. Both are up nicely from our call a few weeks ago 🤝
Currently in a spaces with thekryptoking talking about the PPP movement 👇
https://x.com/thekryptoking_/status/1814359514650685817?s=46
🚨 I WILL NEVER DM YOU FIRST 🚨
I don’t charge for services or ask for any of your personal information. Beware of all the scammers out there and stay safe 🤝
ETH ETF expected Tuesday 7/23. Bingo ✅
https://x.com/tier10k/status/1812930465394811374?s=46&t=x1dbI7BdeINnBgCcIdCTIg
Just posted an in-depth technical analysis video and reasons for the market pump 🔼
https://youtu.be/YlkUF19DbTk?feature=shared
Daily reminder to always keep your emotions in check. The market will constantly test you and take all of your money if you're not careful. Always look at the data and formulate your decision off of that. It's all a game of statistics, and those who trade with the favorable odds will always win over time 🤝
https://x.com/TheCryptoData/status/1812728818894872824
Just posted a video update on the $TON ecosystem and $TCAT. The network continues to gain traction and should not be overlooked. There's a reason more people have been bridging over and why the TVL has increased 4x over the last 2 months vs SOL and BASE.
📺 https://youtu.be/RwsxhG-KNYA?feature=shared
I also linked the top Telegram/TON wallets below 👇
TOBI Wallet - https://t.me/TobiWalletBot?start=2ELDQJ
Tonkeeper - https://tonkeeper.com/
Tonhub - https://tonhub.com/
I just made a post on $QUIL / $wQUIL. It's one of my long-term bags and one I think could do very well in the future. Besides the dev being an Ex Senior Coinbase Engineer, it was cultivated through the Farcaster community who have been growing ever since. There have been mutliple 6 figure buys in the past few days in anticipation of v2.0 releasing July 20th. I think we'll see hype continue to build as we get closer to that date. I'm continuing to hold mine but wanted to give people a heads up as it's a protocol widely under the radar.
https://x.com/TheCryptoData/status/1810833046985183683
Just posted a 10 min video of my technical analysis on various altcoins and the overall market 📊
https://youtu.be/ypHc3tem0wM?feature=shared
+1
A few important charts I'm watching right now:
$BTC - Looking at the Daily chart, we can see a bullish divergence on the RSI starting to play out as Bitcoin looks to reclaim above the 200 EMA at $58.2k. If we can close above this, it'll be extremely bullish imo as we'll have reclaimed the uptrend. Price has also held up incredibly well despite the German Gov't selling $951M of Bitcoin today. This, combined with positive ETF inflows indicates we may see some short-term upside. The vertical blue line on August 2nd indicates 100 days after the halving which is historically when BTC has started pumping.
$USDT.D - Looking at the Weekly chart for USDT Dominance, we can see it's starting to breakdown below support. This means that more people are getting out of stables and into BTC/alts. The RSI is also showing a sharp reversal, indicating buyers are taking a more "risk-on" approach. We still have 5 days for the weekly close but if we can close below, then expect a few more weeks of upside for BTC/alts.
Make sure you're staying away from leverage during these volatile times. There's still a lot of uncertainty in the market with bears expecting 42-48k and bulls expecting 60-61k. I'll be interested to see if we have an ETH ETF this week and how it affects the markets. In the meantime, I'm sitting in spot and waiting.
Some updates on the current market:
🔸 It turns out Germany didn't buy back $111M of Bitcoin, they just transferred it back for an OTC deal - https://x.com/JRNYcrypto/status/1810039744862306710, and now they continue to offload it - https://platform.arkhamintelligence.com/explorer/entity/germany. This FUD has helped contribute to the recent drop.
🔸 Mt.Gox FUD still looms with everyone waiting to see the size/frequency of the distributions
🔸 With that said, the last time sentiment was this low was June 2023, before Bitcoin's big run from 26k -https://x.com/blocmatesdotcom/status/1810173658226450522/photo/1
🔸 We are now on day 79 for the post halving tracker. Historically, BTC has pumped 50-100 days after the halving. Time is ticking ⏳ https://x.com/HalvingTracker/status/1810173241685598321
🔸CZ is getting out of prison by August (or sooner). This will undoubtably cause short-term hype in the market
🔸ETH ETF update Monday (some are expecting an approval this week)
🔸Bitcoin continues to form bullish divergence on the daily RSI but needs to overtake the 200 EMA at 58.2k to resume the bullish trend - https://www.tradingview.com/x/SOYrSpnW/
🔸The average cost of production for 1 Bitcoin is $54,500. This is an important level to watch moving forward - https://blog.coinshares.com/coinshares-mining-report-update-our-insights-at-the-2024-halving-382089820a07
I also made a video outlining some of these metrics and go into depth on some big updates for TSE and TCAT 👇
📺 https://youtu.be/a8gn7Wu5-z4
