BTC Dom not looking too good. One of the only things keeping me bullish on select blockchains. Break 41% and I could see BTC taking back the reigns, either this be by dumping less than the rest of the market, or outperforming. But this is pretty much the lowest BTC Dom has ever been. 25ema on 1D has been holding it down since it started dumping at the end of October
entry- $2.16
SL- $2.11
TP - $2.4
5.2R
2% risk
reason for trade: tight stop, Matic would be on heavy support, TP is located where there was the most resistance in previous pumps / the level that created the sell off
This would be a max pain / extended cycle scenario. Most of open interest would be wiped, people would panic and call for a bear market such as we did after we dropped from the first 65k ATH, and it'd provide the ultimate buying opportunity for anyone who has conviction. Not saying this will happen, just posting to remind myself at a future date. Currently I'm...
It looks like we're about to close this week with a HL, which is macro bullish. But reminds me a lot of the may crash. We put in a HL, then grinded down for the next few weeks, until we finally hit support after wicking to 29k. This is where everyone was screaming bear market. If I had to guess, we grind down to as low as 37k, where everyone will once again be...
In November, LINK broke an uptrend that dated all the way back to April of 2019. This was mainly due to Ethereum's rapid growth. As we can see, we formed a descending channel that was below the support line from Dec 2nd and broke out of it Jan 14th. We have also confirmed this with a higher low, if we close today above .019, a higher high. This gives me reason to...
FIB retracement almost lines up perfectly with my resistance lines. Each line of resistance, I will convert 25% of my eth to btc. Holding 25% as a moon bag after the last target. What are your thoughts?
As we can see, Eth has a huge bearish divergence forming. Some would call this bearish, but I believe eth will pump HARD to break that bearish divergence. I do not have a target, but Eth is NOT bearish.
