Looking at previous cycles and respect for 200W MA, one could see a situation in which BTC tags mid-40s (or even high 30s), deviates back to upside for more continuation. Highly contingent on any further NQ downside.
BTC has a cheat-code in being the only US spot-ETF approved coin on the market. I think this continues to fuel its upwards dominance in the short-term. Mid-term, crypto-native folks take profits, providing oxygen for altcoins, and a subsequent alt-season. ETH spot-ETF is also the big wildcard, but one has to assume it has a chance of passing (regardless, with ETH...
Various scenarios, or rather areas I'm looking out for. If price moves into either, will act accordingly. Want to stay open to any idea, so it's important to consider the bullish/bearish alert zones.
TOTAL3 over NASDAQ tells a story of shifting narratives. When we reach range low here, I expect the "remaining winners" (BTC, SOL, ETH, etc.) to have a stronger bounce than TOTAL3 itself, so whilst this is a strong indicator and confluence, you'll want to pair with entries on specific coins to achieve higher beta.
As price moves in the range, looking for a new entry on shorts. FDV is still wildly too high (20B+), and LTF market structure is breaking. Will short around range-mid
I really like fractals, not for predicting the future, but to play out what if's, and challenge my bias towards faster moves - helping me remember good swing trades take time and will be challenged through bounces, squeezes, random news events.... but more often than not, play out (to the next range checkpoint). The fractal here is the February one, so it's a...
We had a nice move back into the channel 1-2 weeks ago, but this is now potentially deviating back down, at which point range-mid on this hybrid chart will provide nice confluence for other patterns (with respect to "timing lows").
VIX in the process of creating its local rounded bottom. Could be a nice opportunity to breakdown late longs and leverage, revisit trendline or (at worst?) yearly open.
Worldcoin tokenomics has Jupiter-like gravity levels. Range-mid point and trendline are there to push this off the cliff for a nice RR trade imho. It's almost a 9% drop, worth scaling in TP-level.s
BTC is in no man's land vs tradfi at the moment. Key buying are coming up. With inflation cooling, this might be the next area to pump out of for BTC (with potential touch of the trendline below, and then deviation back into channel = send).
Short-term opportunity on this pullback from the XRP pump. Mid to range low.
I am short NASDAQ:OP currently: - NASDAQ:OP is set to more than double their circulating supply overnight. - Investors are 5x+ in profit already. - Market or NASDAQ:OP does not have "narrative" currently, it isn't part of any positive meta. - Just $500k would drop the market 2%, here we're talking about 1200x that amount ($600M) - Positive funding rate (lol)
Looks like the attempt to reclaim a prior range is about to breakdown: - Currently sitting on the 11W EMA. - Currently sitting at range low. - Fair Value Gap underneath. Target $0.32. All this is still confluent with the lifetime ascending channel.
Keeping track of the key levels I'm watching out for, both for DCA and bounces/reactions.
- $AXS has no revenue to validate its FDV anymore, tokens still unlocking, narratives rotating. - Continuous range to range breakdown vs USD and vs BTC, extreme weakness. ... waiting for closes under $10.2 for short-entry and nuke if it comes.
Don't think I'll take this trade (simply because I think there are better trades out there), but I like the thought-experiment around $RON staking coming early next year, what that means for $AXS outflows and where price could go. The fib extension and 10 cents price marker represents a further and healthy 50% drop, and if the timing is right, potentially seeing...
S&P has been super clean, level to level, clear deviations, etc. Just copy-pasting the previous fractal 1:1 for fun, though I expect similar movements or another leg down in some shape. Hopefully start ranging from here into Q4'23 take-off again.
$AXS was a coin that hit peak hype and coincidentally has some of the worst tokenomics. $ATOM on the other hand _might_ be forming to be a winner in the next cycle. Simple pair trade, shorting the past hype, longing the future hype and avoiding the crab bites. Similar to SAMA Long below ( + $SOL , $MANA)