Tracking fractals and price action pointing to stab at $60k presenting long and short opportunities.
RISK: Rising Wedge forming which is often seen as bearish. Contrarian approach = this is to draw in shorts for a short squeeze, hence the unusual forecasted pattern.
Markets:
DXY - Bearish but potential to attack resistance
EQUITIES - All the smart money has already moved to Asia but US can still pump
GOLD - Flat, but other metals on the up
ALTs - in their season and pushed up BTC holdings by 50%
BTC - in it's most bullish period. Even vs this stage in previous cycles imao which makes applying fractals a little harder and $60k might be playing this short.
=== The sort-term Plan to boost BTC holdings - Play the fractal:
- Waiting for minor pullback to $47 then migrating share out of ALTS into BTC for the pump. Many ALTs already suffering vs BTC.
- If price $60 hit I will watch for the short opportunity or move into USD (for the first time in 10 months!) for a day.
- If wedge breaks down I'll move to the sidelines
- Then back into diverse portfolio to target SXP, Link, UNI, LIT, POLY, SUN, UMA, etc.
Always a noob & always learning - playing fractals always feels like gambling so this could hit earnings, especially if BTC flattens out and ALTS continue to pump.. I'm only trading this because of the commination of bullish price action and it's only beer money so nothing to lose ;)
Best, Hard Forky
RISK: Rising Wedge forming which is often seen as bearish. Contrarian approach = this is to draw in shorts for a short squeeze, hence the unusual forecasted pattern.
Markets:
DXY - Bearish but potential to attack resistance
EQUITIES - All the smart money has already moved to Asia but US can still pump
GOLD - Flat, but other metals on the up
ALTs - in their season and pushed up BTC holdings by 50%
BTC - in it's most bullish period. Even vs this stage in previous cycles imao which makes applying fractals a little harder and $60k might be playing this short.
=== The sort-term Plan to boost BTC holdings - Play the fractal:
- Waiting for minor pullback to $47 then migrating share out of ALTS into BTC for the pump. Many ALTs already suffering vs BTC.
- If price $60 hit I will watch for the short opportunity or move into USD (for the first time in 10 months!) for a day.
- If wedge breaks down I'll move to the sidelines
- Then back into diverse portfolio to target SXP, Link, UNI, LIT, POLY, SUN, UMA, etc.
Always a noob & always learning - playing fractals always feels like gambling so this could hit earnings, especially if BTC flattens out and ALTS continue to pump.. I'm only trading this because of the commination of bullish price action and it's only beer money so nothing to lose ;)
Best, Hard Forky
Comment:
broke this wedge but idea still valid
Comment:
possibly moving up on 17th
