DFT - Pray for Bitcoin Dominance...Observation:
-Cloud fight won by green team on the last rope! youhou!
-Harmonic (long & momentum) building up.
-Resultant are ok.
-Potential cloud btw the two ropes are non existant (There are few resultant nodes: buyers = sellers that could tank the price flat). Don't know if ETH will try to catch the next rope without being helped by a green cloud later.
-In the same time BTC Dominance touched a critical point without any reaction yet (We are seeing a total disrespect from Alts to their king^^):
=> Even if ETH break the previous rope and is ready to fly, for now the market depends of a bigger systemic move from BTC Dominance. I would personnaly wait and see :)
Systemicrisk
REPOCALYPSE NOW!This is serious. Find out what 'REPOCALYPSE' is about. Protect your positions very carefully.
Get real - I don't know when it's happening nor does anybody else.
REPOCALYPSE is not just doom-saying stuff, though it might appear sensationalist. This is reality mates.
Those who keep there heads in the sand and do not take protective actions will be flushed out.
DISCLAIMER: All statements here are over-simplifications of very complex issues, and are speculative opinion. This is not constructed as advice for making decisions about trading in securities. Your losses are your own.
Declaration : This post is consistent with Tradingview's house rules on text-based analyses.
Short book: DB - Broke below KEL, fade the short squeezeToday we added a couple shorts, I'm posting the trades we currently have open but not providing entry/stop suggestions. Only trade them if you have a trading strategy, or, ask me if you're interested in learning more about the one we use (Tim West's 'Key Hidden Levels' and 'Time at mode').
We have some worrying bearish signals, so it's a good idea to have a market neutral position, picking stocks to short, while still looking for longs in undervalued companies.
See related ideas for the rest of the trades we took. You may still be able to join them or wait for a secondary entry when/if we decide to add to them.
Good luck,
Ivan Labrie.