Bullish Setups for AVAX, SHIB, XTZ, DOGE, and BTC

🍻 Here’s what’s on tap 🍺 

Long setups for Avalanche, Shiba Inu, Tezos, Dogecoin, and Bitcoin.

 Beer Goggle Charts 🥸 

Avalanche ❄️ 

Usually, I say stay the fuck away from anything inside the Cloud. Why? Because you might get AIDs. Or Ebola. Or a baby reindeer situation. But this time, the risk vs. reward looks stupidly dumb to pass up.

Long entry if AVAX can close the daily above $36.67.

And I’m looking to take some off the table when it gets close to the top of the Cloud (Senkou Span B) and the 90-degree Gann Square of 9 angle in the $45 value area.

Shiba Inu 🐕️ 

On the daily chart SHIB is very, very close to fulfilling one of the most sought-after long entry setups within the Ichimoku Kinko Hyo system: an Ideal Bullish Ichimoku Breakout. Aggressive longs are probably looking an intraday entry anywhere above the Cloud.

More conservative (if you can call anything and anyone trading SHIB conservative) Ichimoku traders are waiting for a close above the Tenkan-Sen at $0.000025.

Make sure to watch for June 18th though - if SHIB is trending heavily up or down around June 18th, watch for a swing/low to develop.

Tezos 🪙 

XTZ’s daily Ichimoku chart is extremely congested, and it wouldn’t take much for bears to take total control and flush it lower. But given the broader market’s enthusiasm, that bearish outlook is increasingly unlikely.

From a technical perspective, the risk vs. reward for going long or short is pretty damn good. Aggressive bulls are likely waiting for an entry that puts XTZ’s daily candlestick back inside the Cloud. But above that, things get dicey.

Tezos has the unfortunate position of one big resistance zone after another ahead. So, if you’re going long on this one, expect price action to act like a ping pong ball.

Dogecoin

A close above $0.1626 might bring in some buyers for DOGE, but upside potential by be limited, initially, against Senkou Span B near $0.1761. Beyond that, bulls should have a fairly smoother drive up to $0.2121.

Bitcoin

And finally, we’re going to look at Bitcoin.

Let’s do some Gann Analysis for Bitcoin that indicate possible turning points for Bitcoin in June and August.

Key Dates to Watch for Bitcoin

• June 12 - 90 days from the March 14, 2024 ATH.

• June 15 - 45 days from May 1 swing low. 144 days from January 23 low.

• June 17 - 90-degree Gann Square of 9 angle.

• June 21: End of Gann period for annual highs and lows.

• June 22 - Gann date; Summer begins.

• July 21 - 180 days from January 23 low.

• Week of July 22 - 45 weekly bars from September 11, 2023 swing low.

• August 11 - 180-degree Gann Square of 9 angle.

• Week of August 12 - 90 weekly bars from November 21, 2022 swing low.

• August 14-22 - Astronomical cluster range.

Key Price Levels

•  June - $66,564 $57,121 $44,944 $81,225 $93,025 $110,224

• August - $64,516 $54,289 $41,616 $84,100 $96,721 $115,600

Watch these dates and levels for rapid Bitcoin market movements. 👀 

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Cluster Dates 📅 

Derived from NASA's Jet Propulsion Laboratory data and analyzed through the lens of Gann Analysis, the ensuing date intervals warrant close observation, particularly when a market or specific instrument exhibits strong directional momentum. In such instances, there's a substantial likelihood of witnessing a sharp reversal in trend around these pivotal dates.

In other words: put these in your calendar in ALL CAPS and write something like PAY THE F*CK ATTENTION KK THNX.

• May 17-28

• July 15

• August 14 -22

• September 7-17

• November 17-19

Gann Stuffs - Don Thy Tinfoil Hat 🧙 

The following dates and prices come from Gann’s Square of 9. The Square of 9 was one of Gann’s tools that he used to identify when and at what price levels major changes in an instrument could occur.

Pay special attention if Bitcoin trades at any of the price levels on/near any of those dates, especially if they share the same degree.

For example, if Bitcoin is trading near 52,441 on March 30, 2024 (both are 180-degree levels), watch for major moves to occur.

See You Next Time 👋