Am in disbelief? Maybe. Will I sit sidelined, watching the market rip to new highs without me? Become the guy who secretly wants everything to go to 0 because he didnt invest when he had the chance? Perhaps. But a range is a range until it’s no longer a range. As such, not going to consider going heavy until the summer’s triple low of $1725 is taken out....
If you´re looking to play something that could perform if BTC gives some relief, heres a contender. 1. Took out the double lows at $13.14, wicked deep below and still managed to close the daily above, establishing a SFP. (Daily chart pictured below) 2. The double lows at $13.14 were also the November highs, acting as a S/R retest. (pictured below) 3. Corrected...
1. There are 2 main types of asset behaviours; trending assets and ranging assets. Too many have become accustomed to (upwards) trending asset since 2020 that they are not even entertaining the idea that ETH + BTC are simply ranging at the moment. Once ETH broke above the May ATH a couple of months ago it fell back below and into a range. Until it breaks back...
Smaller range formed last day. If reclaimed then the equal highs at $48,144 top should be taken out. Targeting further into 49keks if breaks to the upside after that. Nice r/r as invalidation is right here. Wont hold position longer than the 2 targets outlined as i expect more chop into the new year.
When the bear market eventually hits this will be the easiest money printer. Solana outperforms its own ecosystem when they go both up and down, which is impressive in a bull market, and to be expected in a bear. Therefore solana hedged against its own ecosystem has practically been up-only thus far. According to FTX the SECO basket is a combination of...
It’s a world of musical chairs Aaaaaaaaaaaaaaaaaaaaaaaaaaa
With reference to previous post regarding seasonal money rotation around ETH. Link price relative to ETH at 2019 s/r level. Was waiting for a deviation and reclaim of support to take out any stops but it may not come. Can just long the ticker or “short ethusd/long linkusd” to play the ratio manually. If played manually the hedge can be adjusted from the 50/50...
Market Cap: $44m TVL: $184m TVL Ratio: 0.24 ......................
Target: $58,000 Time: 30 days Stop: daily close below previous
Follow up from last post: Clean price action. Great risk/reward setup for directional trade to either way as invalidation level is right there.
The 2 biggest Semiconductor ETFs by AUM looking to break upwards with many SC companies consolidating for, in the case of AMD, a year. Usually look for laggards in an industry but hoping they are all laggards to Nvidia as of now. Bullish RSI divergence on the weekly (AMD)