This post contains the key technical data and metrics used to create the weekly update released each Monday morning.
No New Changes - Most Recent Update April 27, 2025:
(Chart: Link)
Trend: Remains structurally bullish.
Key Levels: Closest resistance at $3.62T. Closest support at $2.46T.
Confirmation Watch: Awaiting 2 consecutive red candles plus a weekly close below $3.04T (at the time of writing) to confirm a resistance.
Potential Scenarios:
Bearish: Market Cap hasn’t set a new all time high close (yet?). If valuation turns down from here and breaks below $2.46T, it would be a macro lower high, confirming a shift towards a bearish trend and bear market.
Bullish: Market Cap sets a new all time high close. This would be a traditional bullish trend continuation pattern (low, high, higher low, higher high), delaying a shift towards a bearish trend and bear market.
No New Changes - Most Recent Update April 22, 2025:
(Chart: Link)
Trend: Bullish. Two prior resistances were broken, qualifying as a trend shift by my rules.
Key Levels: Next closest resistance at $3.64T. Closest support at $2.6T.
Confirmation Watch: Awaiting a close below $3.04T (at the time of writing) to confirm a resistance.
Potential Scenarios:
Bullish: A pull back confirming a resistance would be a step towards making a traditional transition to a bullish trend (low, high, higher low, higher high). Anchoring from the low at $2.6T we would be confirming the high and awaiting the follow on higher low confirmation.