Similar to Bitcoin, lots of alts showing the same pattern. Leaving the anger stage heading up for the last bear market rally before we hit full depression.
$BTC breaking away from anger for a small bear market rally. Could end anywhere between 25-30k. Breaking back and holding above 32k~ would be similar to breaking back 6k in 2019. Holding above 20.400$ on the daily is essential.
$DXY at decades long resistance. DXY down means EURO up. Needs to break this resistance otherwise probably getting stopped and it's over for europe. auf Wiedersehen
Update on previous idea; Played out perfectly. This is where we want to see the bottom of the range hold now. So far, it's looking bad. If we close the daily below(red range), I will wait for 37k's to look for longs. So far looking very similar to the previous few months.
Update on previous idea; ETH still following 2017 fractal. Bad for alts. Expecting the following: - One more dip market-wide - BTC takes over the show - ETF news for BTC in Oct/Nov, makes BTC break ATH's hard - Alts join the party later towards the end of the year / start of 2022 for the last push up - ETH tops out around 14k NOTE: Fractals don't have to...
Expecting BTC to test 49k and fail. Once we fail to reclaim 49k (If you hold any alts, this is where you want to get out), we'll take out the wick from yesterday. After that I believe the run up will accelerate. BTC.D will rise and ALTS will lag behind. Still expecting 200k+ end of this cycle around February 2022. Reclaim range highs and the drop I expect...
Still holding $HOT. The only issue I see is $ETH. If $ETH continues to follow 2017 fractal, ALTS will see deeper pullbacks in the coming 2 weeks. I'm planning to close this position around break even to get a better entry in the coming weeks. If we reclaim weekly open = instant buy. Still expecting 12 cent end of cycle.
Still holding $CHZ. The only issue I see is $ETH. If $ETH continues to follow 2017 fractal, ALTS will see deeper pullbacks in the coming 2 weeks. I'm planning to close this position around break even to get a better entry in the coming weeks. Better entry is = the wick of yesterday. I expect these wicks to be taken out on all alts. Idea invalidated if we...
Still holding $AVAX. The only issue I see is $ETH. If $ETH continues to follow 2017 fractal, ALTS will see deeper pullbacks in the coming 2 weeks. I'm planning to close this position at a loss around 41$ to get a better entry in the coming weeks or buy back once we reclaim WO around 48$. Not taking more risk with ETH looking weak. (Same plan as all alts)
As mentioned in the last idea, ETH was following both the BTC & ETH 2017 fractals. I was betting on the BTC fractal which would put the cycle top around 20k+. However, that fractal is broken and ETH continues to follow its 2017 fractal, which puts the cycle top around 13k. Expecting ETH to go much lower from here. Cycle top anywhere between December 2021 and...