This is a project i really like. Lots of room to grow. A lot of implementation possible for products in the coming years IMO. Two ways to play this in medium/short term for me. Always have a back up plan nothing ever goes 1 way all the time. Daily closes above 5.35 and upside potential to the 7s. Second option, on a pull back is to bid on the PIVOT in the 4.20...
No follow thru to upside also no trap door selling on the downside range. Basically in this 10 percent zone for 100 plus days. Been waiting for a sweep of the low zone. Hasn't happened yet. Want to get involved in around the green box on sweep of lows. Green box also is a 1-1 extsntion of the range above so for me that's a good sticky area.
Helpful indicator if ur trying to determine where to leg into equities. Gave u the local bottom within a days range over the last couple years. Not all individual things bottom at the same time but index gets you fairly close if ur swinging assets that are a part of it. Also not used as a buy signal rather confluence for a position.
Couple weeks ago posted OBV analysis told you when to trim exposure. Seems like that was spot on. OBV going to historically give you a goof HTF entry point for some longs. as close to or a deviation below the channel seems good entry for a rally that will not be sold so fast.
DEFI kinda lagging on the bounces except for the initial. Likely a reason, but took a UNI long on the 3.50 flip. YFI starting to pik up also rising tide lifts all boats. Invalidation is a close back below GREEN PIVOT 3.47 so pretty close by. gonna know pretty quick if we re wrong here.
Could be a nice set up coming. A HTF close above 4.85 to show strength. If we get that could be looking for back test and go for a play up to the mid 5s. Pretty simple range to play if we get between the purple lines. DOT is one of those for me i put into the blue chip alt basket id be looking for a set up on.
Even though rally driven by spot, if we are going to overextend and see some rapid major impulse im watching 17k break for it to be a jumping off point for that impulse. Basically no historical vol and little chart history up at these levels. Good thing for bulls makes a move up likely easier and you want to be a part of that final push. Could be a couple pit...
Pretty much at the tip top of the range. Not as much buying pressure up here only making marginal highs compared to the previous days. Could be exhaustion. Yellow exhaustion candles print up here previously. But no break down either. I cant put my figure on any catalyst for break out new sustained highs. Not making changes to what i have if anything could trim and...
Spent months in consolidation mode now breaking out. Directional move after long consolidation should have staying power. If the move is for real i wouldn't expect it to fall back down to the range and close there. Supply above super gappy never spent a lot of time in one area during the crash. Upside momentum continues could see some swift moves up. Thesis works...