Alex-Weigel

Alex-Weigel Updated 

I'm already spot long in DOGE but wanted to post this trade idea anyway I could see it outperform in the short term before everything goes lower unfortunately. If this trade idea plays out I'm going to decide whether or not to sell and buy lower. It depends on how BTC is trading.

Alex-Weigel Updated 

This could be a good time to long altcoins. The Altcoin/BTC ratio looks like its bottoming. If not then the lower green boxes are targets. But you can see that altcoins have been pretty much down only since November 2022. TOTAL3 excludes ETH but I think ETH will do well too. I'm hoping Bitcoin doesn't tumble and take the whole market down. Best case scenario...

Alex-Weigel Updated 

The bottom looks close but I wouldn't be surprised if BTC keeps running while ETHBTC remains low. I could see it bottoming around .03287, if not here. That could mean BTC drops 10% while ETH drops less, which is possible. It's definitely and interesting time, sentiment is extremely low on ETH but the lower ETHBTC gets the better it looks to me. People are calling...

Alex-Weigel Updated 

LTCBTC will turn around at some point and it looks like the price has been trying to bottom. I'm long Litecoin even though LTCUSD looks terrible.

Alex-Weigel Updated 

Litecoin is currently in a +2000 day range It could break out one day and if you it'll go nicely, as it did before. However, one factor worth noting is that the 2021 high was barely higher than the 2017 high while Bitcoin did more than a 3x This is relative weakness on Litecoin's part I think it'll break out of the range one day, and when it does the target...

Alex-Weigel Updated 

it would be cool if this happened. I'm trying to outline a macro idea so I can trade the smaller timescale swings.

Alex-Weigel Updated 

At some point BTC will continue against S&P again and it looks like soon

Alex-Weigel Updated 

These resistances are for flipping If it continues to dip I think ~3295 is a buy The altcoin market is looking rough but ETH feels strong right here (im already positioned though). The sentiment is pretty bad right now it sounds like a lot of people are stuck in bad alts. I could see that market staying dead while the majors take off (hopefully).

Alex-Weigel Updated 

This is the ETH/SOL chart If it can't reclaim this area it is going to continue lower and its over ETH looks like it wants to reverse against SOL though and if it does it could reclaim a lot of what it lost (52-60 range) Yes im saying if it doesn't go up it's going down, but I think this point is particularly important, especially considering the ETHBTC chart,...

Alex-Weigel Updated 

Green lines are buys. If you were looking to long Matic this is an important area

Alex-Weigel Updated 

I hope so because i have a position from .16 I could see it touching .12 its a high risk trade but the upside looks much better to me. Also I think ETH has been underperforming for a while but that could change and if it does them ETH assets should do better.

Alex-Weigel Updated 

BTC is looking bad (time to long perhaps) Hoping for a 5-10% move will cut on 2% loss

Alex-Weigel Updated 

I'm in a low leverage long from ~23k I have buys lower in the green box and I'm expecting this to be a dip and we continue higher above 25k hopefully It could continue lower but I'm hoping not obviously because that would be bad People seem very bearish but I'm not feeling it

Alex-Weigel Updated 

We'll see this year how it plays out but this is what the chart looks like to me

Alex-Weigel Updated 

This is the crypto market minus btc and eth it looks like BTC already got to the area that altcoins are looking to go, meaning altcoins are lagging and people will rotate out of bitcoin

Alex-Weigel Updated 

Pretty low but could go lower, this is more of a long term play. I think the fact that it's actually decentralized will be appreciated by future buyers.

Alex-Weigel Updated 

Long Litecoin The 3 green bars are my buys Sorry for the mess

Alex-Weigel Updated 

I added to LTC here because it's near the bottom of the range compared to Bitcoin. I also think the market goes up from here so Ideally LTC will outperform Grey line is my entry