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Crypto Market Analysis 5: Reading the Tea Leaves

  • Oz by Oz
    Oz Oz
    Co-founder and lead technical analyst at The Markets Unplugged. Leads technical, macro, and cycle analysis, and builds the timing and macro frameworks behind TMU's premium research. Instructor on the Cycle Intelligence course.
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  • June 5, 2023
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  • 4 min read
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Crypto Market Analysis 5: Reading the Tea Leaves
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Contents 

Bitcoin Analysis

Bullish Clues

Ethereum Update

This weeks Altocin Pick


Bitcoin Analysis

Bitcoin closed the month above the yearly pivot level of 26.7k which bullish for the year and continuing to hold this level will signal a move up to 36-40k in the coming months. Its best to look at the yearly pivot levels on a monthly basis for long-term direction as price can dip below this level on shorter time-frames.

Looking at the moving averages, using the 128 daily MA is a very good buy the dip strategy in an up-trend. Like I said in my previous update, Bitcoin can still test this moving average a number of times before it starts its next leg up so a dip to 26.2k is not out of the question before the next leg up.

Bullish Clues

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Oz Oz
Co-founder and lead technical analyst at The Markets Unplugged. Leads technical, macro, and cycle analysis, and builds the timing and macro frameworks behind TMU's premium research. Instructor on the Cycle Intelligence course.
  • Website
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The Markets Unplugged · Data in. Conviction out.
  • Home
  • Dashboard
    • - Member Videos
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    • - Unplugged Picks
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    • - Start Smart TA
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    • - Macro For Beginners
    • - Crypto Glossary
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    • - Plans and Pricing
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Tags
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  • X
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  • Fuel The Alpha
© 2026 The Markets Unplugged · Data in. Conviction out. - Published with Ghost & Aspect
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