Hyperliquid (HYPE)

Look at BTC but trade the entire market Altcoins to watch right now: $HYPE - large liquidations followed by large treasury buys. Just hit ATH in OI on the platform as % of CEX OI Also only alt near ATHs so market going higher could lead to price discovery $TAO - pump on Mythos ban $NEAR - AI coin with most squeeze potential in terms of structure $WLD - huge volume spike, OpenAI is going to do something after fable ban for sure. Could be a good narrative play for now $ENA - Coinbase news got retraced, good hedge $LIT - Remains strong overall for some reason with bullish structure, somewhat HYPE beta $TON - GRAM migration coming, don’t think Durov is done pushing this narrative and the coin has retraced a lot since highs. Good easy R:R with invalidation at recent lows

$hype will now go back to ath and beyond 🫡 https://t.co/g1nESbsmAI

Position on @HyperliquidX I called it

centralized exchange volumes just dropped 11%.. lowest since late 2024 most people are reading this as bearish. its not its a structural rotation the same period that saw CEX volumes drop is the same period Hyperliquid crossed $4 trillion in cumulative volume, onchain perps got CFTC approval, and DEX spot activity hit record market share safe to say volume is not leaving crypto its leaving the centralized version of crypto the direction of travel has been clear for two years. every major market stress event be it FTX, exchange hacks, regulatory crackdowns - accelerates the shift from custodial to non-custodial the bear market is doing the same thing it always does: filtering out the weakest infrastructure and concentrating activity on the strongest the chains and protocols that are gaining volume right now during a down market are the ones that will dominate the next cycle (pinpoint this) that being said watch where the flow goes, not where the price is

I was looking back at the mistake I made when analyzing $HYPE, and I finally identified where I went wrong. I was correctly tracking the five-wave move to the downside, but when it came time to project the Wave 5 target, I accidentally used a Fibonacci retracement instead of a Fibonacci extension. Because of that mistake, I underestimated the downside target and completely missed the move. I've corrected that error on my chart now and have the proper Fibonacci extension applied. Looking at the current structure, I'm viewing the move as an ABC correction. You could make the argument that the B wave is already in place. Personally, I don't think the structure looks ideal for a completed B wave, but it is possible considering the reaction came from roughly the 50% retracement of Wave A. If that interpretation is correct, then the next thing I want to see is price break above the descending trendline currently visible on the chart. A breakout through that trendline and a move above the Wave 4 high would strengthen the case that Wave C is underway. If that scenario does not play out, then I'll be watching for a deeper retracement into the Golden Pocket, potentially extending toward the 0.786 retracement level. Should price reach that area, I'll be looking closely for a long opportunity based on the price action that develops there. One possible setup that could emerge is an inverse head-and-shoulders formation. Another piece of confluence that stood out to me is the centerline of the parallel channel. Interestingly, the Wave 5 completion occurred right at that centerline, adding another layer of technical support to the area and helping validate the significance of that low. For now, the key question is whether the current structure has already completed its B wave and is preparing for a Wave C advance, or if one final retracement is needed before the next meaningful move higher can begin.

second time i retire this year. fuck it we ball. hyperliquid. https://t.co/wHA9rPWxcX

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