Bitcoin at $74K: One Coin Is Green on Every Timeframe
Crypto didn’t sell off on crypto news this week. It sold off on AI. When the Nasdaq dropped 5.5% on Nov 5, more than $1 billion of leveraged crypto longs were liquidated as Bitcoin fell about 6% in a day. Then $1.28 billion left Bitcoin ETFs, the worst week since June, turning their 2026 flows negative.
At the same time, Wall Street handed two coins in this pack their best news of the year. The NYSE picked Avalanche to settle its 24/7 tokenized stock venue, and the CFTC cleared equity perps to trade onshore, the market Hyperliquid built.
This morning I scanned 25 coins across six timeframes. One came back bullish on all six. It isn’t Bitcoin, and it wasn’t in last week’s pack.
My read: if you have spare cash, buying when the market is in fear, like it is now, is never a bad idea. But there’s a real difference between catching a falling knife and buying support once the trend turns up. This issue is about telling those two apart, coin by coin.
Free sample: HYPE, the one I got wrong
Last week I called HYPE neutral. It fell about 8%, from $78.49 to $72.23, and it’s now under its 50-day too. Neutral was too generous. The weekly trend was still up and I gave that too much weight while the daily had already turned.
Here’s what makes it hard this week. On Nov 3 the CFTC cleared equity perps to trade on US exchanges, the market Hyperliquid built. The news says buy. The chart says wait. I’m listening to the chart: this is the falling knife, not support on an uptrend, until it closes back over its 20-day.
The levels that matter: every coin in Pro gets a level card like this one, with the last 60 daily candles behind each line and the exact closes that would flip my bias.
I don’t hold HYPE. What would make me change that, and how it stacks up against AVAX on who actually gets paid by Wall Street’s interest, is below.
Inside this issue
This week’s coins: HYPE · SOL · ZEC · NEAR · AVAX · and one I’m not naming up here
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The coin that’s green on all six timeframes, and the close that ends it
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My other major pick, down 21% in four days
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The full scorecard on last week’s 5 calls
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A chart and level card for every coin, with the prices that flip my bias
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Where I’d add to the coins I hold
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Wall Street picked AVAX and HYPE. Which one actually pays token holders
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Is crypto just a leveraged AI trade now, and does a Democratic Senate kill the Clarity Act?
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The one I’m watching hardest
Why Pro: $10 a month, free for 7 days. Read all of it today and cancel if it isn’t worth $10. Every call gets graded in public the next week, and every coin I hold is disclosed.
One coin is green on all six timeframes. Its name, and the close that ends it, are one line down. Try it free for 7 days.
Prefer the app? Read this issue on Substack.