samfanderson1597

samfanderson1597

My prediction for 2022: BTC pumps to 60k to retest upper trendline, gets rejected and dumps past neckline of head and shoulders, dumps to a measured level of 17k by March. This month will coincide with the first FED rate hike and weakness in equities. Remains at 17k-20k for 6 weeks, then resumes uptrend.

samfanderson1597

BTC is rangebound, when controlling for M2 money supply. I really do hate to say this for everyone that thinks we made an ATH this year or didn't retest 2018 highs, but M2 money supply demonstrates that we made a perfect double top with 65k in may when we touched 69k in November and we touched the 2018 highs in July at 29k when controlling for M2 money supply. I...

samfanderson1597

I am longing here, but I would also like to see some confirmations above 13, 21, 34, and 55 4-hour EMA's to show some support moving forward. If we can eventually break the 233 & 377 ema's it would show signs of long term uptrend. also seeing some lower highs on CVD which is definitely bearish but it is not too late for a reversal pump.

samfanderson1597

Bullish Divergence on 8-hour chart within F&G Index. Also nearing bullish band of Cuban's Mean Reversion bands. Longing for the pump.

samfanderson1597

Support seems to be stacking up here. We are clearly rangebound so I am gonna be bullish at the bottom of the range. Using Bitmex neutral/negative funding and some key support bands I think we retest 52k. If we breakthrough and retest, it feels like 54k would also be in the books.

samfanderson1597

This is a measured move that may come to fruition. Would currently be forming right shoulder. If we break 42k, then it would be confirmed. Total measured move is a drop to 15k-17k. I don't necessarily believe that this will happen, but I think 2022 brings weakness in Equity markets with rate hikes and BTC is basically leveraged SPY or high beta equity. If it plays...

samfanderson1597

It appears that we may be nearing local top from hourly F&G index. Put/Call ratio is also rapidly dropping which may demonstrate some over-exuberance from the bulls. Laddering into shorts as a hedge.

samfanderson1597

2000 HMA on 1-hour should cross under price by tomorrow. We have been consolidating for two weeks. At least a relief rally should unfold.

samfanderson1597

The VIX play may be coming into play. When controlling for M2 money supply, SPY is yet to close above monthly high set in 2019. I am bearish till be close above 480 on SPY. Will long UVXY for VIX exposure when I see a size-able dip on VIX again.

samfanderson1597

We will close the cme gap before deeper lows is my belief, looking pretty oversold on very indicator and we are due for a bounce.

samfanderson1597

When charting S&P 500 with US M2 Money Supply, the index just passed its 2019 high prior to covid. This is very interesting and helps conceptualize that either reject here or keep pushing upwards towards maybe the high set at dot com bubble. I think we top soon and experience a mean reversion, just my thoughts tho.

samfanderson1597

1. Find support at 45k, pump to 60k-62k, eventually break and ath's around new years 2. Find support next week at 40k-42k, go back to test 63k and then ath's first couple weeks in january 3. Find support at the end of January at 40k, pump to ath's by april

samfanderson1597

I am gonna change my trading style. Going primarily off of spot buying and funding rates for mid-term (3+ days swing trades). Also lowering my leverage on my main account to 6x. Coinbase still trading above bybit (bullish), bitfinex has spot premium (bullish), and funding is still negative/neutral. Highly correlated to equities so if equities have a relief rally I...

samfanderson1597

Just an idea of where BTC will go from here, finds real support at 41k and then goes up to 72k.

samfanderson1597

Bullish because put-call ratio is nearing 1.0. Last touched at 40k and 30k.

samfanderson1597

Just laying out some important levels and a couple moving averages. Key support at 0.3, 0.26, and 0.2. Major resistance at 0.42.

samfanderson1597

F&G index is nearing lows last seen at 40k. I think we pump to 70k before we see sub 50k. NFA but we are down 20% from the highs and 8x leverage has a nice R/R.

samfanderson1597

I want to buy the fear here. I think we are definitely close to a bottom and I am going to add to my long position if we continue downwards. F&G index is looking low and and a lot of confluence at 55-57k.