dawsonMoonshot

I really like this token, but until bitcoin and the greater crypto market can find its legs, CAKEUSDT (the native token for everyone’s favorite DEX) is likely to struggle and at least retest the $1.50 level.We're trading in a complex pattern; with a flat bottom triangle (yellow) merging with the support of our larger, rising channel on the DAILY (white). Despite being right at support levels, I think price is about to fall out of this structure and needs to bounce off the $1.50 we established in July before going higher later this year.

After some over performance in early July we set a Bullflag last week around $65k. Don't get shook! This time last year, in 2023, we had a long period of consolidation March-October (in white) before rising above the $30k level. This year, summer of 2024, we're rhyming. Bearish? BTC needs to lose the $60k level and hold us below it for at least a week. I think a bullish inverse head & shoulders is more likely but geopolitical risk, and US elections could be the wildcard. I would remain careful with shorts as the trend is upwardly volatile. Here's the previous idea, explaining the trade:

Binance token is poised to smash through its recent ATH of $700. Rivaling NVDA YTD performance- with none of the momentum risk.This company is extremely well positioned for the bull run and has been basically up only since resolving the CZ verdict. Most Americans retail investors are unaware of this company or tone deaf to the opportunity. New charts this week!More detail on my hot take that BNB has 1YR performance similar to #NVDA.

After breaking our series of lower highs we've pumped and are beginning to form a Bullflag @ the BTC:65K level. This gave us a clear technical entry and a nice RR, price target.Medium Bullish take: We trade in this pattern through the week, let the momentum indicators rest and then retest the 70k price level by the end of the month.To flip Bearish we would need to completely fade this pump and hold below the $60,000 neckline for 3-5days. I would be careful shorting any retracements, we look upwardly volatile.PS. If you haven't already, check out my thesis on ANTI-FIATs....https://www.tradingview.com/chart/GOLD/JcakqLxO-ANTI-FIATS-Bitcoin-GOLD-on-Track-for-Repeat-300-400/

GOLD is at all-time highs but remains significantly undervalued. This is evident both in the price action on our charts and in the changing geopolitical landscape, which impacts our financial tactics and the price action we expect to see in the coming years.[u]Fundamentals[/u]:We must consider the actual and increasingly perceived risks to USD currency hegemony and the sovereign debt crisis. Between BRICS+, the waning strength of the petro-dollar agreement, and the monetization risk to government treasuries, a move to $4000 or $5000 in the coming 18 months feels plausible.[u]Technicals[/u]:We're experiencing a bullish impulse following the breakout of the 2011-2023 cup and handle (in white) at the 2k price level. I've marked the two most significant price levels over the past 30 years ($400 and 2k). By extending a symmetric, measured move from the 2005 $400 level to the 2011 2k level, we can identify a target of 6k before 2030.[u]What's the Play?[/u]:While I'm catching tomatoes from both my GOLD bugs and BTCUSD maxi friends, the case is clear to me that all ANTI-FIAT assets are poised to excel in the coming years. Stagflation, debt monetization, and high interest rates are here to stay. At some point, we might see Gold vs. Bitcoin square off to see who gets to eat the other's slice of the pie, but for now, the enemy of my enemy is my friend. So let's pack our bags!