Looks like BTC is rejecting this range and should accelerate downwards with haste now. 52k, 48k and 42k areas of interest.
Solana approaching bearish retest so easier to map this. 154 and 157 are key resistances. Fail those and we should revisit sub 100.
Thinking this is the cycle top for tesla with strong rejection to follow. Weekly chart so this may take a couple of months to play out.
Simple idea - looks like the bear market rally top is in. May extend slightly more but I think we now see a healthy retrace back. Marked a point where there is possibility of a major bounce but looks like we will leads into an extended sideways.
It hasnt broken yet, but the laws of parabola tell us a greater than 50% retracement when it does.
This looks like a multi year bull run in the making .... publishing this idea so I can track it down the line.
Loads of FUD around, but just looking at the charts, there are two major points to consider possible bottom. I've marked them both. I think the market resolves itself around the first week of September before starting its next leg up towards a ATH.
Doge/BTC seems to be signalling a secular bull market for doge over the coming months. This is a very HTF chart and idea. The invalidation would be a break down below previous lows. A retest of ATH against the btc pair is possible. This is a very high time frame idea and in terms of USD this could mean doge trades anywhere between 0.09 to 0.03 depending on btc prices.
Simple idea. Retesting previous break down levels. If bears want any hope, this is it. Above 22800 I think bulls will be fully in control for a rally to 28-30k range. Really simple setup since SL for a short is like a couple of hundred (23000).
Publishing for personal learning. Trying to see how this could play out.
The chart is for myself to study and reflect upon. While the consensus is mostly bearish (macro and trend) - This would be an ideal time to start painting a reversal. Historically with the money flow and RSI etc, we are approaching covid level dump. Not quite there but very close. Here is the monthly chart I want to follow along.
This is in line with my longer term idea posted before. Short term, I do suspect this is a local bottom. My thesis is, we now pump going into september. Calling this a bit early, should wait for US open to say so, but I see strength in FTT (iykyk). Invalidated quite quickly if we go lower, especially after the US open or if SPY decides it wants to die without a...
We just dropped 35% from the top. If the bull thesis holds, then this is the mid way and we should consolidate and start making new highs now. Larger time frames (weekly, daily) have never looked so primed for an upside. Any downside, if this does break down will be fast and violent before a spring back so be careful with leverage.
Is there is going to be one, this is it, otherwise this is going to $1.
Saving this idea so I dont forget and get euphoric as we hit 50k. Lets see how this plays out.
Simple idea .... lets try and short the corn. The risk is pretty low since we SL right at 50k+. If this breaks 50 then we rapidly go to 63. Altho, here would be a good short to target between 42 and 38k. If that breaks, 28k for max pain.
Anything here and in between the yellow lines is a good buy in my opinion (Not financial advice). Adding this chart to see how this tracks in coming weeks.
Looks like the bear market is over. If the market does give another opportunity to buy around those yellow horizontal lines, then it will probably be vigorously bought.