Recreational_Hazard

Recreational_Hazard

A drop in Bitcoin Dominance could possibly trigger a massive alt run

Recreational_Hazard

The amount of money bears are spending trying to hold on to 20K is gonna wear out soon in my opinion.

Recreational_Hazard

If we break out of this channel it's a wrap short term. We are going back to pre 10's or 9's for support.

Recreational_Hazard

We're coming up on a strong support level at .00032. You can size in to see if we get a bounce with a stops at .0003

Recreational_Hazard

This is all predicated on BTC's move short term. Any parabolic moves erases all this. If we can Range from now to Dec with BTC. KMD is primed to make a move to ATHs from now to Dec.

Recreational_Hazard

On a Monthly Log Scale we are early in Parabola stage. My eagerness makes me vigilant and prepared for any outcome in either direction. Right now the best way to hedge is to stay vigilant. When Bitcoin ranges and you day trade, bots will always have the upper hand because you can't predict when Market Makers decide to pump the coin for whatever reason. Either...

Recreational_Hazard

BTC tried to break back into the channel but got rejected. If it cant hold 9500 look for 7300 support levels. This is a juicy spot for scalp traders with weak volume

Recreational_Hazard

9600 Support is holding strong and looks primed for a leg up to challenge 10,500 on its way to 11,000

Recreational_Hazard

It's textbook bullish pennant formation. on the 1D but too perfect. It's worth a buy @ $150 - $146 IMO. If we retest Bitcoin $6000 then we may see ETH $200+ within the next few weeks

Recreational_Hazard

We need to test $12K to have any retail confidence. Inverted H&S would be in play at that point.

Recreational_Hazard Updated 

COINBASE:BTCUSD

Recreational_Hazard

11/12 & 9/15 Trendlines taken out. 7/16 Trendline is a good support line if we retest $7600 and fail. $5900 would be my short term target.