First off, I'll always look at horizontal levels over trendlines.Trendline scan be subjective, have a high failure rate when used in real-time trading tactics, and easily adjusted based on markets morphing over time. Another issue is the overhead supply not being visible usingtrendlines, a big reason why steeptrendlinesare prone to failures/false breakouts even when price clears thosetrendlines(you want a low degree slope in consolidation periods - this meansvolatilityis compressed).Where I do like using them is when I see many touchpoints that help visualize structure on a longer term chaotic consolidation - exactly what we're seeing withBitcoinfrom Jan 2021 - present.The chart above shows the closesttrendlinesto price where we're seeing resistance and support. Price is now

 Think a lot of crypto traders are under-positioned on the long side. *Medium term* downtrend remains intact, but think we see a rip higher off these levels at least into next key resistance. The lower risk play is to wait for more confirmation on highvolume. I am long here.ETH Monthly - Looking at ETH from a bird's eye view it's still holding firm above the weekly closing highs of 2018 and the 50 month sma:ETHBTC - I have a preference for ETH as long as it's above this level:MARA$Marathon Digital Holdings Inc(MARA)$ is potentially front running crypto:COIN$Coinbase Global, Inc.(COIN)$ setting up for a failedH&S/squeeze (still in a very strong downtrend but if it theH&Sfails we could see a

DXY is now at the 161.8 fib extension which is a very big level to pay attention to.The measured move is 119 which would be the next big resistance if price gets comfortably above 113.50 - 114. If price gets tight in the coming weeks around this level it probably signals the move isn't over. My guess is there a lot more left in the tank but we could see a pause here which can be good for risk assets short term (equities, crypto). Short term could be a week or a few days - difficult to gauge.For now take each set-up on its own merit and best not to make any assumptions.Jul 2, 2017, this is an update to m yDXY analysis from August 2015. Nothing has really changed much from that analysis except a potential top in January of 2017.Time cycles change all the time, so I have no int

$Microsoft(MSFT)$ $Meta Platforms, Inc.(META)$ $Alphabet(GOOG)$ $Alphabet(GOOGL)$ $AMD(AMD)$ These four big tech stocks are on thin ice.A break of these necklines suggests more downside. These levels likely indicate around 11,900 on the Nasdaq$NASDAQ(.IXIC)$ as the line in the sand.Question is, does this lead to capitulation or a longer duration downtrend.TBD...Nasdaq 11,900 level = red lineComment: MSFT potential magnet and buy zone:GOOGL:https://www.tradingview.com/chart/GOOGL/P0WTJ44r-Big-Tech-Head-Shoulder-Pattern-Galore/