theofficialsteveg

theofficialsteveg

DYDX gives 0 f*cks about market conditions. If I were expecting more upside (which I am) I'd be looking to accumulate in the red demand zone down to $16 with profit targets of $29, $31 and $33. May take a week or two of accumulation after a pullback, but its debatable how low we will go since everyone on Twitter is talking about it, volume has gone crazy, and last...

theofficialsteveg

I don't think it's likely we see BTC hit $100k in 2021. Following a trendline from the end of 2020 when BTC made it's way to previous ATH and intersecting with July low of $29k, forms a nice wedge for BTC to consolidate into then if it holds, repeat a similar pattern to Jan-May 2021 to a new high of $102k, right above the 1.618 extension from the $64k high to $20k...

theofficialsteveg

DYDX is forming a nice wedge, bouncing off of higher lows. Fundamentally speaking, this project is strong with trading volume and liquidity knipping at the heels of centralized exchanges. DYDX could be the most asymetric play in crypto given the macro factors at play like increasing regulation and limited options for leverage. Even with BTC dumping DYDX has...

theofficialsteveg

Just making fun chart art on where BTC could peak with lengthening cycles theory. I think it's unlikely we will see a cycle top in 2021. At the earliest, 2022.