SPY and DXY indicate crypto is probably topped. If eth doesn't hold 1650, I reckon this will be the start of the leg down to sub 1k. Next target is 1420 and I think 1420 will be violently sold into. There's very little chance 1100 will hold again. next supports at 980 potential support at 875 Strong potential support at 620 All in all I think on the balance...
Expecting 1600-1700 to be the top and this ponzi to to be below 800 by March and bottom near 400. Without QE this isn't getting above 2500(~50% of ath) anytime soon. Would reconsinder with >2 weekly closes above 2100.
I think eth still doesn't have a leg to stand on in this macro environment, I expect a liquidity grab to 1300 and then consolidate for a couple weeks before breaking down towards 400-440.
Expect 350 spy in a couple days, 320 potential bottom along the way, sub 300 is likely to lead to death and destruction towards the 200 level The beating will ensue until morale improves.
BTC is struggling to hold 200W sma and there's just no one buying the asks even if the orderbook has been cleared. Any 4h close below 22000 will see a test of 20700 lows and 19300 and if that fails, next up is 16100 13800 Can't predict price action but If I had to guess, it's fairly probable that the bottom will be put in in the 11400 to 12000 range, and then...
There has never in the history of capitalism been a time where the divergence between the monetary and fiscal policy is this out of synch with the economic circumstances. Central banks are flooding the markets with money which comes from nowhere as it's being digitally printed and has no productive counterpart whatsoever. The fiat system has totally destroyed the...
Expecting a retrace and then going to short and tp at the middle of the next range (0.0422-0.0722).
Looking to buy sub $1.8, bottom price has more to do with sand/btc and btc/usdt prices than sand/usdt itself. Given previous data I'd say between $1.6 and $1.2.
If I had exposure to the US markets I would definitely buy SPY March 2022 360 puts , the market is severly underestimating the incoming volatility expansion.
Don't be stuck holding the bag on any alt, -80% incoming.
Things ain't looking good, it will take a real miracle for btc to save itself right now. Bears are gonna gently carress this thing back to 20k, and then everyone is gonna get stuck with a short bias while this thing v bottoms to 50k and beyond.
Scenario 1 is btc makes a higher low above 29k and we go on forwards and onwards. Scenario 2 which is run the lows and test for more liquidity downwards. Expect a slow car crash till 30k breaks and then a flash crash with a lower target of 18k. Currents market enviroment is risk off, and things are going to get worse before they get better, expect a further...
Avax has made a new weekly and monthly high close situating it very nicely for a 200%-400% move up. If the D1 closes above $50 again, this move could happen in a 2-3 week time frame. Losing $38, invalidates this. If price gets in the 200s it will definitelly be a blow off top, I'm fairly certain it will retrace hard to $90-100. I will definitelly look to short...
Bears are dilusional for identifying a bear market , the only metric that matters is net inflows/outflows, and while data regarding that aspect isn't necessarily readily available one very indicative factor is crypto adoption curve which is no where close to peaking. Its also looking great from a Ta perspective although it's severely diverging compared to the...
(COT) commitment of traders info is giving a great long entry signal. This price action also reminds me a lot of the march corona crash. I think the bottom is in for now looking forward to a 45k test and if that breaks then 55-59k, I still hold some reservations about hitting 20k some time in the future.