Thread by @SubvertoXbt

Thread for Weekly Review. It's been a long while since we used this format for our review so here goes.

#TOTAL Marketcap on the Weekly tf has flipped the 20 Ma and the 1.75T Weekly level into resistance. Price is trading well below the monthly level. No sign of strength for the bulls to hold onto on this TF.

On the Daily TF the #TOTAL chart has very clean SR levels. Daily close below 1.37T opens the market up for significant downside. Price can confirm strength on a reclaim of 1.82 + monthly open as support.

1) Looking at #Bitcoin's seasonality chart it's evident June to September is not the favorite time for Bitcoin Bulls. This is the best performing asset of the last decade and it's largely flat during these months. Considering the late cycle diminished returns this strengthens

2) the case to not be overly bullish both in terms of timing and in terms of market structure and price. on the H4 #bitcoin is starting to spend less and less time above the Range AVWAPS. No amount of positive news is moving price, this is typical of a bear market.

3) Very difficult to make a bullish case until a confirmed break in market structure to the upside. Daily close below 34600 likely opens another visit to the yearly open. Another visit to those levels would suggest there's even more pain incoming for the bulls.

4) Bitcoin is maturing as an asset. Once governments are adopting the asset, investors should understand the potential for oversized returns dimishes significantly, at this point it's safe to say you are not early to #bitcoin, it's a good time to

5) dig deep into the crypto ecosystem and look for good fundamental stories in #alts, though after just having had a full cycle in alts there's likely no hurry to get exposure there.

1) Speaking of fundamental stories $ETH's bid to become deflationary is not only creating a big hype, it's price structure and relative strength is suggesting that this would be the asset to be long incase $BTC gives a nice dip. The BTC pair is at weekly and daily resistance.

2) Needs to flip this into support for potential continuation. Apart from $ETH, #DEFI / $BTC is breaking back above previous resistance, needs to flip that weekly level into support to prove that this move up is not corrective in nature.

In traditional market's #Energy and #Brazil are showing significant outperformance. Some good names in Materials and Real Estate as well. Very selective market which needs to be played with care considering seasonality headwinds.

Though energy names are moving well it's rare to flip such a downtrend into a complete up only move. There is potential to move into another consolidation before the next move, but while there is relative strength its still potentially possible to get some more bang for your buck

After breaking out from a 6 year consolidation the #Uranium ETF $URA has also flipped it's all time VWAP into support. Now looking very hungry for upside expansion after flipping this ramp into support. Tight risk management potential here.

Fin.