📊 Weekly Outlook Charts Sep 2-6:

$BTC $SOL $ETH $WIF

Markets just took a turn 📉
What happened and where are we going?

Bull over? 😞

Heres what you need to know: 👇

🚨Market Breadth is flashing warning signs, with MMMTH, MMMFI, and MMMTW indicators suggesting a potential rotation out of risk. When combined with other indicators such as market fear/greed being neutral, AAII sentiment being 2% off its 1 year bullish high, its likely we will see a rotation out of risk such as crypto - paving a short opportunity for risky assets in crypto (political tokens, meme tokens etc)

https://www.tradingview.co.../

📉 #DXY retest of trend line on broad market pullbacks/weakness. Bearish continuation expected until EOY. Short term upside, longer term downside. 96 on DXY still on the table.

https://www.tradingview.co.../

📈 #SPY breadth is peaking on the 200, 50, and 20 D (see market breadth above)

When the market is running low on breadth, there will be some rotation or correction. Selling expensive stocks for cheaper ones (most likely cyclical's) will cause some selling pressure on the bigger names like NVDA, AAPL etc. Expect sidways choppiness for the majority of the market.

Ichimoku still indicating bullish continuation. Q4 will be good. Target at 6000 remains.

https://www.tradingview.co.../

⛽️ #USOIL staring its trend toward $61 oil as expected. It would have to be an alarming geopolitical situation to turn the course of OIL back up

https://www.tradingview.co.../

⚠️ #btc bulls be very cautious here!

Bear case:
1. SPY breadth running out of steem
2. SPY seasonal weakness in September
3. BTC is below 20 W EMA, 50/200 D MA bearish cross
4. BTC Weekly close below the ichimoku cloud.

Still possible for a 70k retest at trendline, but Bear case outweighs the bull base

https://www.tradingview.co.../

📉 #eth still lagging behind. Alts in general will enjoy a beating as BTC chops/declines.

2k retest is on the horizon.

https://www.tradingview.co.../

Daily Memecoin Recap - August 1

Can't believe we're already in August

Only 5 months left in the year, make them count

Runners Of The Day
$144p -> hit $5 .8m, 144p quality picture of a dog, blurry picture, CTO
$nib -> hit $2 .25m, CTO, baby chicken meme
$144p -> hit $425k , cat beta of $144p (dog version)

Harry Potter Meta
$gryff -> hit $764k , Gryffindor, one of the four Hogwarts houses
$sly -> hit $750k , Slytherin
$raven -> hit $600k , Ravenclaw, blknoiz06's pick out of the four houses
$huffle -> hit $320k , Hufflepuff

High Market Cap Plays
$scf -> $67m to $121 .7m (1.81x), smoking chicken fish wicks a new ATH
$fwog -> $18 .5m to $42 .8m (2.3x), community relaunch supported by the artist of the first one where dev rugged,

$neiro -> $4 .2m to $16 .1m (3.8x), Kabosu's brother

Political Meta
$coconut -> $1 .05m to $7 .79m (7.42x), based on what KamalaHarris
has said in a conference, content is good
$dtc -> hit $300k , "Trump Classic", oldschool pics of realDonaldTrump

Zoomer Memes
$gay -> $439k to $3 .9m (8.9x), pushed by ansem & friends
$ss -> hit $940k , "Shooters Shoot", based on the Turkish viral shooter at the Olympics
$dikec -> hit $789k , "Cool Turkish Hitman"
$gfn -> hit $460k , "Green Fn", tiktok meta

Cat Memes
$onigiri -> $225k to $1 .8m (8x), $doge family meta
$floated -> hit $760k , "Floated Cat"
$car -> hit $270k , cute cat

Dog Meta
$sob -> hit $680k
$stucky -> hit $210k , dog stuck under a chair

Other Cooks
$n64 -> hit $1 .2m, nintendo 64 meme, "cat poop joystick"
$pepe -> hit $850k , another $pepe on sol
$pickle -> hit $795k , literally just a pickle, lots of whales aped
$suhc -> hit $500k , "Smoking Used Honda Civic"
$punpun -> hit $398k , makes me lose brain cells type of meme = bullish, silly bird
$cob -> hit $280k , corn meme
$gub -> hit $256k , CTO, bullfrog
$oof -> hit $200k , "out of funds"

The market was not the best today, partly due to the fact that $sol decreased to $158 from a high of $193

Stack the small wins