Over exposure to alts. DOGE literally to the moon, expecting some sort of BTC fuckery in the coming days to reming everyone who runs this.
It has been very easy to make money lately and your biggest losses come after your biggest wins.
Looks like TLRY has started the same BTCUSD 2019 test pump. Gonna stack bids all around $9-11. For fun, possible scenarios are: CBD or some other component has a major medical breakthrough or dose citizens to make them complacent.
Based off the Market Cycle in the link above. This somewhat supports my last, and linked, idea. Having experienced a few market cycles it's been hard to ignore the craziness with GME recently and the low cap pumps happening. To me...
It's important in times like this, when the bears and bulls fight it out for temporary control, to take a step back from it all and analyse where your long term portfolio is going.
What you see here is what's known as the first sell off of a much greater movement with a strong bullish trend line and bullish divergence on a large time frame (by crypto standards)....
$XMR looks like it's setting up for a long position.
Falling wedge with matching volume.
I expect it to hit the top of 4HR Ichi Cloud but will be keeping a close eye on it and taking profit along the way.
WAIT FOR CONFIRMATION OF MOVEMENT
NEO dropped below a massively bullish diagonal trend, which could also be reflective or a pre cursor to larger coins like Bitcoin and Ethereum. The bullish move by the market lately could be seen as a retest of strong resistance since broken and signal an even longer bearish market.
I noticed what could be a bull flag on the ETH chart when I was looking back at last years chart. What's happening now seems very similar to me and the support lines drawn do give some confluence to my assumption.