After the extended bear market rally that we just had, i believe we are due for one more leg down based of recent economic datas & seasonality
Stop loss is very tight as I do not want to be caught on a leg up
I am expecting a lower low, but will place the take profit just above the recent lows, in case they are not taken
With CPI tomorrow, I expect some volatility with the relatively low level of liquidity in the market, therefore I am setting up ASKS to position myself as a SELLER for the following weeks
I am expecting wicks in the asks area, and then, a clean break of 11 500 validating the overall plan
Stop loss is on daily close, no hard stop loss set
Shiny metals seem to be catching bids these last weeks, so I will be focusing on this asset class for swings during the firsts quarters of 2023
Looking to get long on Silver between 20 & 22,5
Invaldiation is a daily close below 19/18,5
Targets are 29 (50%) et 40 (40%), with 10% for an overextended target at 60/70 (10%)
Time wise, I am willing to keep this in...
Cosmos ecosystem has one of the most respected technology and thus, is a great long-time play for the next cycle.
I am looking at LT buy between 5 and 8 USD
TPs are 20 / 40 / 100 (ish)
The time horizon is 1 to 4 years
I just love this setup with DYDX being genuinely a good project with nice catalysts under way (Investigations in the US, Cosmos ecosystem migration, etc.) vs PYR who is just overchilled by CT influencoooors
At this point I need to ask myself : who is still to buy PYR after all the shilling ? I surely don't want to be the last
I am reading a lot of "bullmarket is back" opinions here and there, and I don't really find an argument for a V reversal for the 17k low on $BTC yet
I think we are in a rangy phase where good investors/ltf traders will get nice opportunities to build their long term portfolio
I already shared my view on the Cosmos ecosystem, so now I will share my list of alts...
I drew that the other day with no intention of publishing it but well.. recent events make me do it now
They will be bounces but I feel mostly bearish about the market into the coming months :
- crypto is still considered as risky
- recent Terra events are just crazy bad
- no one wants to buy crypto now, unless he is a full degenerate
- industry is still WAY...
A quick update on my may bearish draft being 30-35% lower on total mcap
I now tend to be more bullish as we are approaching what i believe will be the fear climax and therefore the place to place bids and hodl for the next 24-36 months
The alts I have selected are:
- Atom : 30%
- Eth : 10%
- Sol : 20%
- QNT : 10%
- Synapse : 10%
- Looks :...
Looking back on the daily charts of TOTAL minus stables coins, we can see that every phase has been in a range quite "easy" to play on LTF
Is this new "range" going to be ranging, or will we resume the downtrend?
The daily reaction seems convincing, but waiting for the d close seems like a good idea now
I think that fading the bs Gucci news is EV+ here + general crypto market looking like it does
Placing a relatively large SL to avoid being squeezed out of the trade and looking for the recent lows for TP1, TP2 is even lower
A quick idea on Trx currently sitting at mid range and in a good position for a continuation long having retraced already below mid range
After a blow out top, Trx integrated a range by bouncing off a previous resistance flipped support
In a range, we are expecting range low, mid range, range high, mid range, range low, etc... kind of sequence. No need to think...
Bitcoin has been compressing between H4 EMAs 100 & 200 for a few days and, I believe, CPI on friday will put an end to this either upside or downside
I think there is no need to play it now or just after the CPI as we are probably about to witness a 15-20% move : plenty of time to position ourselves
I am still mostly bearish atm (inflation, growth & credit...
ADA showed weakness over the past weeks, and FOMC could trigger a rebound into the EMA50 H4 / previous support area 0,81 - 0,82
The plan is to short 50% of the total position at 0,815 + 50% at 0,855 (next support/resistance, but with much less confluence, as FOMC could trigger impulsive moves)
- next support 0,74
- and then, the beauty of the virgin...
BTC just tagged EMA200 H4 with a 15% bounce
So now, where are we ?
I think this is a key area :
1. We reject and start downtrending on LTF -> that was it
2. Or We break through and continue H1 uptrend, and soon H4 will follow to target 34, and we have imo a much bigger relief…
the short side from 31,5-32k is my preferred scenario as of now. I will be taking...