Nelson Paul

in a higher time frame, BTC still looks bearish and far from calling bottom until there's a solid structural formation. I would wait to see some more confirmation on higher tf rather than jumping in now, oi and liquidation levels on defi protocols suggest waiting for a cool down. even the border market's financial situations are not in favour of risky assets.  

while BTC exchange reserves are thining, the price seems to form a local bottom I would definitely bet to size in here a bit with strict invalidation point and a target around 53k at least. oi has been swept out big, funding negative, and even the fear and greed index depicts sentiment of retailers towards the market all these confluence for an possible bottom.   

tomo on the weekly chart looks appealing  

as we hit 57k again on the price of bitcoin after a while. comparing the funding fee what it was earlier when we hit this level in Feb this year vs right now I come to a conclusion that we are way far from being overheated or stuff like that and can continue to rally until ath and way beyond without any hurdle.  

the way crv is going through accumulation under a strong supply hints that long term belivers are still intact, even though the coin has not performed much recently. but i belive we can soon see a breakout and new rally in crv and also can expect money flow towards daos and dex so crv being a low cap on binance is high reward low risk bet for upcoming months  

chainlink is one of the bluechips in my opinion on binance. on weekly chart link is sitting on bottom the downside risk is limited but the upside potential is huge so i would bet on link for the upcoming months. and can expect 3 digit price target from it.