chillcrypto

chillcrypto Updated 

Bad news today for Grayscale that will likely throw some water on the Bitcoin run... On the day that Blackrock says, 'we have a 100k investor for our ETF', SEC tells Grayscale to cool its jets until end of January. Very interesting. I noted where I would take profit and I've been pulling a little out per day (not much). Bottom line is that 3 days of positive...

chillcrypto Updated 

This is not financial advice but rather an example of how I am answering my own question of when to exit GBTC. It could be very soon if we have a 'sell the news event' coinciding with larger market manipulated news. My last entry on GBTC was around 17.50. We have been on an extended run that will come to an end at some point. That's why it is important to mark...

chillcrypto

On the left vs. Bitcoin, one the right vs. USD. NFA - DYOR

chillcrypto Updated 

Last time Doge had solid volume gains was during the March '23 'banking low' which led to a 'pump and dump'. If you were able to handle that swing it was 32% vs. Bitcoin. None of this is financial advice. Please do your own research.

chillcrypto

This market is starting to feel like 2019-2020 all over again, where I was trying to get in and out of swing trades but the market moved faster than I was able to set my positions. (I admit, I over-analyze...) What I have learned since then is to allocate based on EMA/MA and I am more likely now to be swing trading 10% of my profits. Bottom line, is this market...

chillcrypto Updated 

Bitcoin has always, and likely will always, touch the 21-day EMA. The pattern is pretty simple. If Bitcoin pulls back for a few days, odds are we are touching the 21d sooner rather than later. But regardless of the direction now, the assumption is we will eventually touch the 21d at some point. 36k seems like a reasonable target, but 35k is not out of reason. Not...

chillcrypto Updated 

Solana is where it's at while Ethereum continues to lose ground to Bitcoin. However, we've had this run-up before, and we are nearing an area where we could see a pullback to support. If you are just now entering Solana, be aware of these prior areas of consolidation vs. Bitcoin.

chillcrypto Updated 

We have been steadily declining vs. Bitcoin. The Solana vs. Bitcoin chart however does highlight we are near an area of longterm support, and (speculating) have the opportunity to create a higher low, or otherwise revisit a range that has provided support in the past. Regardless, the timeline appears to point to a conclusion of the downward trend around April-May...

chillcrypto

Pretty obvious IMHO... zooming out, wide upward channel.

chillcrypto Updated 

I know many people entered short positions here. Seems obvious to do so. There is no obvious moment move other than near-term 'sell the news' events.

chillcrypto

As volume has grown, has gold found a new support level providing supporting for a next leg up? Continued questions about the health of financial services will likely sustain growth in the near term.

chillcrypto

Interesting to note all the previous moves through this price range, both success and failure - all returned to this level for confirmation or eventually broken down below. If we get a cease fire in Ukraine, will that be a catalyst? Will FOMO trigger the next move up? Will this time be different? Odds are whether we break out or not, we will return here to...

chillcrypto Updated 

After a big move up, we reached the downward trendline but have not (yet) broken the resistance and a pullback is still possible before we break out and set our new support level. I am not a financial advisor and this is not financial advice. #DYOR

chillcrypto Updated 

Not much to say but Bitcoin price reacted at resistance as expected. Given all the confirmations here, we will give it another try soon. Hope is that this is simply a breather. Caution: Military tensions in Europe (and elsewhere) is a backdrop behind recent underperforming assets - large wallet traders are playing this cautiously in the near term. Not financial...

chillcrypto Updated 

OpenSea news about NFT sales, is the Ethereum burn back into high gear? So far we are supporting an upward resistance-support line drawn out from Feb 2021. Now coming into an area of resistance. But so far this is looking very healthy with what appears to be a confirmation / re-test. Not financial advice. #DYOR.

chillcrypto

After breaking through the downward trend-line, we have come down to retest the downward trend-line as support. It appears that we have. It seems all eyes are on Bitcoin as to whether we have a next convincing move up. The risk is that we may follow the downward trend in the near term until we can establish a convincing up-trend. Obviously not financial advice. #DYOR

chillcrypto Updated 

Not much to say here other than it was excellent opportunity buy in below 90 and we are now keeping an eye on an area of resistance just above our current level. For the time being I am playing this as an opportunity to take profit and buy in lower unless the pattern continues upward. Not financial advice of course.

chillcrypto Updated 

FWIW We have a well defined area of support at 35.5k that we have bounced just above several times over the past few days. So far we are holding a small upward price channel. Next resistance up we’ve hit a few times is in the 38.9k to 39.5k range. Then a larger hurdle at 40.6k. Risk to the downside is a corrective wick to 32.6k, which touches a line I...