It’s a big week ahead for crypto as three important pieces of legislation are set to hit congress. The president himself has voiced his support for these bills and emphasized speed in getting them passed.
I anticipate this will bring a flurry of headlines and attention to the space so it’s important to block out the noise as this rally continues to gain strength into what is now the second half of the month.
In this video update we will be going over the BTC breakout and why it still has plenty of room left to run. That said, we also have some key cycles and weekly time factors fast approaching that we will want to pay attention to. On top of that there is a key price level I am looking for BTC to hit in the coming weeks that may signal a potential slowdown if we cannot break through.
Additionally, we naturally have to start turning more attention to ETH and I have some major setups to keep an eye on here. ETH is forming a very bullish high time frame pattern but if it fails to break the key level we are analyzing this week then it may signal we are not yet in the blow off phase of the market. That would give us a few cycle scenarios to consider which we will go over.
Finally, since we are breaking out in such a manner I want to identify some price targets that make sense for ETH on a higher time frame and its relationship to BTC.
Get ready because the second half of the month is here and the noise is only intensifying. It’s more important than ever that we respect the market and what the trend tells us while always remaining vigilant for signs of exhaustion. Watch for the key levels and important dates in the coming weeks and we will know more about where this rally is headed from there.
0:00 - Crypto Week
1:20 - BTC Breakout
2:45 - Weekly Pivots to Watch
5:45 - BTC Price Targets and Cycles
9:30 - ETH Patterns and Key Levels
11:22 - ETH Cycles and Scenarios
13:10 - ETH Price Targets
18:00 - Closing Thoughts
