The Trust Layer for Market Analysts

The analyst observes that Bitcoin has closed a weekly candle above the bull market support band, mirroring a pattern from September 2020. This suggests a potential Q4 upward movement, with a major move lower, a reclaim, an initial consolidation, a retest, and a subsequent Q4 surge. For this scenario to play out, the bull market support band needs to hold on the weekly chart. The analyst mentions Bitcoin tends to bounce on the bull market support band in post-halving years before a top-side move. He discusses Bitcoin's average monthly returns and how Q4 tends to be very green. The analyst is following his ETH position and intends on building that position to 30k, he has limit orders at 3.8k and 3.6k and will DCA it into the end of the cycle, Q4. He notes liquidity clusters down to 106k and warns that liquidating that area could lead to a major fakeout. The analyst thinks that altcoins are not yet in season, he is watching the dominance chart and the cycle and expects altcoins in Q4. The speaker also discusses a US government shutdown by October the 1st and mentions there are a few new CME gaps.