mkg3

mkg3

Bitcoin reaching a key zone here. Hold the zone and alts will fly. Decision Time Soon. What A Time.

mkg3

Just going to keep it simple like the last post. Bid green, sell red

mkg3

With Do Kwon TWAP'ing $125M per day into BTC, we may just have the bullish narrative needed to spur a rising trend. Fed might raise rates more than 25bps in May, so possible macro-wide bearish pa during mid-end of Q2. However, the Russia-Ukraine war, while horrific, has shown the need for decentralized money. The institutions are here.

mkg3

If Bitcoin's February 20th, 2022 close is below 39.2k: (i) Biden Executive Order on Crypto (ii) rate hike 1 at 50 bps (iii) GDP Growth for Q1 at less than 1%, DXY drops 6% to $90 Macro environment is still looking like complete trash, but that's Bitcoin's only concern. Mainstream adoption is already happening in crypto and overall sentiment in the space...

mkg3

Will Russia invade Ukraine? Will the Fed increase rates at 50bps and not 25 bps? Will the United States regulate DeFi go the ground? Will stocks continue to trade like meme coins? All of these questions have yet to be answered. There is clearly bullish momentum in terms of adoption, but the answer to these four situations is going to be critical over the next...

mkg3

Feds are expected to raise rates in March, so it's likely we'll see a drop then. However, if this bullish trend keeps up this a price action I'm predicting based off previous PA. Keep it up bulls.

mkg3

What catalysts does BTC have outside of a spot ETF? Is BTC really an inflation hedge? Can BTC decouple from stocks? These questions don't have answers and all we can do is speculate. Looking at the chart these are my buy levels. The best case for ALTs is a continued BTC range between 40K-50K, but that is unlikely. Always be prepared for both scenarios (up...

mkg3

Either sellers have lost momentum and are running out of tokens to sell or they are so confident they'll let us retest 50-52k before a complete rug. I'll be prepared for both. If BTC reclaims 53k with strength I will long. Else if BTC consolidates between 50k-52k I'll short. Else we crab between 44k-49k

mkg3

Sharing areas I'll be looking to add to various positions here based on the BTC weekly chart.

mkg3

Looking at the ADA/ETH weekly chart, which has been on a downtrend since smart contract release, it seems like we may get a bottom soon. Low volume on the downtrend + almost at the December 2020 bottom makes me believe a reversal is coming soon. Still in ETH pretty heavy in comparison, but will look to rotate if we get in the range of .0002 -- .0003

mkg3

If some decentralized applications come beginning of 2022 or Bitcoin just rockets into EOY then this has potential Will long higher or during second dip if this plays out

mkg3 Updated 

Hopefully I'm invalidated this weekend but it's not looking good Failed breakout... likely retesting support levels below. It's the battle of the L1s

mkg3

53K Tap and then Moon to 75K+ by end of year seems like a pretty possible play. This would play out similar to 40K --> 69K as the price prediction is close to the same move.

mkg3

Time to do some analysis on Bitcoin as all markets follow the big bad orange coin. Ultimately, today's dip seems to be because of a few different factors. But we reached a new all time high today! Thus, volatility is likely. Of course we'd like to attain a new all time high with positive news. Unfortunately, due to news of Evergrande "defaulting" on their...

mkg3

I believe Solana's growing popularity in the crypto space is akin to ETH's in 2017. We are in price discovery mode. We go in the past and try to predict price movement based off historical trends + current landscape. After using Solana since this past summer, I can say the user experience is unmatched. That's my thesis.

mkg3

ADA broke out of consolidation downtrend and accumulation phase on Sunday. Next up was clearing $2 resistance, which ADA did as well on Sunday. Final confirmation for uptrend resume was a close above $2.1, which ADA just did. If we can clear $2.23 soon then euphoria will set in. LFG 🤝

mkg3 Updated 

Shib could be forming an upside down cup and handle. Definitely don't want this to happen and it's never fun to be bearish. But always be prepared and be careful out there.

mkg3

ADA has been consolidating for the past month and looks like it's finally primed for a breakout. Need a daily close tomorrow above trend consolidation for confirmation.