This will not be appreciated and who knows if it's right but here's my last macro prediction for the distribution of risk assets. Curtesy of x/ki_young_ju we have what looks like to be miner selling beginning. ETF inflows are still increasing, though. x.com We have what looks like Bitfinex exiting stage left. Easy to see when exchanges deviate from the...
Helium Mobile, the phone and 5G data company behind Helium (HNT) has a strong potential to become a billion dollar asset, same as the Helium token, which bootstraps their WiFi hotspot business. HNT MCAP: $1,293,307,342 HTN ATH MCAP: $5.2B MOBILE MCAP: $320,311,772 MOBILE WITH THE MARKET CAP OF HNT Helium Mobile: $0.01526096 (4.04x)
ATOM is a nice buy, touching its long term trendline, and doesn't react too negatively to market mishaps. We've already broken the long term resistance trendline so, the top of the trendline should be a place to look forward to.
Just looking at the TA and ignoring the macro bc I'm not that good at macro, but I can draw patterns real well. I feel there are going to be a significant amount of sellers at these highs which will cause a distribution pattern to begin. As DXY tops, riskier assets begin to look more appetizing. What do you all think?
As you can see from the chart, and I would like to hear people's opinions, there seems to be a correlation between cheap dollars and Bitcoin tops. It should be clearly obvious this is a pattern but is it? Was it clear that we were approaching a top on Bitcoin due to the dollar recently double bottoming and rallying? Shouldn't that be proof that money is leaving...
So, the chart is labeled on a daily time-frame giving plenty of time for us to see how this call plays out. The indicators I used are labeled with symbols and the blue symbols are expectations for the future, hopefully if Bitcoin plays nice. Although, $ONE has kept up extremely well during this dump the last couple of days.
There's a parabolic formation which is still in tact if we get picked up at $14.6k but I would guess if we break it we could see downside to low $14k maybe $13.5k.