Weakness on both 1D charts, SOL could hit $81 again, which would make that support more weaker and more likely of a price break down into the $70 range. BTC MACD about to flip red.
Bearish scenario is more likely. So far lengthening cycle theory still has a chance to play out, however we've been in a several month bear market already... also the double top on Bitcoin last year is way too strong over over look at this point. As the war and regulatory uncertainty continues in the US, we could continue to see depressed crypto prices going into summer.
I'm more long than neutral. ETH leading in this recovery so far, BTC is making some progress... but for Bitcoin we need it to break and hold 42k. ETH once it breaks and holds 2280, it should be easier to reclaim 3k.
There is small/weak bullish divergence on daily RSI #BTC but vol is not there, also it's not like the recent stronger bearish divergence. This triple bottom doesn't look like it will hold. If 30k breaks 28-25k is the next strongest range imho, possible close in that range and wick down to 24-21k, don't think BTC reaches 19k. Watching these levels closely, the...
BTC short are at a local ATH, BTC breaks 41k, next target is a test of the very important 42k line. Most likely will get some sell pressure there, but bulls seem to have a lot more energy in this rise, if 42k breaks most of these shorts have to liquidate.
Triangle being formed, some are 50/50 COIN/Cash, I'm still 100% COIN atm. If Bitcoin breaks this, we get into the 20k range again... I'll only be accumulating even more then. However my $COIN sep call position will be in jeopardy, and I'll have to take a loss on that and move it out to Jan 2022. We are all hoping for the top break, which will take us to upper 40ks range.
Saving this to see how this massive call option trade plays out. I have the Sep $400 strike calls, largest trade ever. Due to the expect Crypto bull cycle this summer, and the Bitcoin ETF coming, and massive Q1, Q2 earnings by Coinbase. 🚀 Check out this Coinbase fundamentals video by Frank Makrides www.youtube.com
lol, I'm not playing with this meme coin, but yolo diamond hands you guys
Due to some technical indicators, imho BTC is over stretched and due for a connection back to the 21 week moving average. I exited positions of BTC & ETH into USDC, I still have a ton of ETH I can't sell due to being locked up in collateralized loans. Will be watching the charts closely every week now for re-entry.
This is my new go-to this year for options trading, I own shares in $RBLX, so as the share price goes up, my shares benefit.... Also since options just released for Roblox, they are all over priced, so I'm selling covered calls that expire in 3 days and collecting $240 each call. Also in combination I'm selling a naked put expiring in 3 days at $65 (and I'm defs...
I made a major trade yesterday, I'm majority ETH atm minor position BTC as I expect ETH to continue to out perform Bitcoin this year. However I do want to trade back into BTC at some point. That point is once we break the blue line here... and trend towards the orange dotted line or the 1.618 extension. Left chart is ETH/BTC Coinbase, right chart is ETH/BTC Binance.
Playing short term EV SPAC hype, call options expiring 2/19 ATM, or ITM.
Based on 2017 Elliott wave projection & hopium. #Bitcoin
High conviction trade taken, Jan 15th $25 call options 21 contracts dollar cost averaged in. Been monitoring news and social on NIO recently, had a Chinese fivver tranlsate hundreds of Weibo messages talking about NIO, will be posting my full high conviction trade analysis in the DumbMoney.tv discord channel: dumbmoney.tv you will find it in...
A descending triangle is usually a bearish chart pattern, however in the case of DOT and it's recently exchange listings this year this is looking more like the floor. It had a 1 for 100 split after token holders voted so I've cropped out the red candle to hit that irregularity so we can focus on true price discovery. The floor imho is more apparent with the...
Added to my OTM PTON $60 7/17 here, based on strong support in this area... can see that with the visible range indicator. Seeing a falling wedge on RSI hourly, those are reversal patterns... again with OTM plays, not betting that PTON gets to $60, but that general movement will be upwards.
On the longer timeframe you can see a rough inverted head and shoulders... white line is resistance broken then turned into support at green circle, where I would have gone in if trading at the time. Yellow circle is the news that NIO beat it's numbers (jul 2nd) then the moon shot.
I love my triangles, and got the 12/18 $110 call options for ARKK based on several indicators / patterns here. RSI / MACD flipping, price sound support and higher lows from channel bottom trend line, and the beautiful ascending triangle. ARKK's biggest holdings are TSLA and SQ which are not showing any signs of slowing down going into the end of the year.