Sovryn_Matt

Sovryn_Matt Pro+

Looking like we should pump from here as long as we hold $31k. CME market makers and Bitfinex Longs are record highs. i.e. copy the whales.

Sovryn_Matt Pro+

Daily candle looks like reversal candle, with significant volume to confirm a bottom, as well as MACD and SRSI momentum becoming more bullish.

Sovryn_Matt Pro+

SP500 may have bottomed at a key trendline from 2009. My thesis is everyone is in fear and expecting us to go lower so might be a good countertrade opportunity as the crowd is always wrong and react to market. The yield curve has inverted which is a strong recession indicator but i suspect wont playout til end of 2022 to 2023. I am opened a Long on Friday wish me luck.

Sovryn_Matt Pro+

Fear and greed index is at all time lows. This usually is the best bottom signal for BTC of 9. Always countertrade the crowd. Buy the fear is your best bet. We could still fall to $22k at 200 wekkly MA as my worst case scenario for BTC but its looking less likely now with fast thursday reversal.

Sovryn_Matt Pro+

Use Stop loss we can still go to $22k. But i do feel the peak fear is over for now so relief rally should be expected to wipe out late shorts.

Sovryn_Matt Pro+

Using Ellitot wave theory and Fibonacci extensions is $200k BTC still possible in 2023. DXY is looking toppy. Everyone is in extreme fear atm in all asset classes. I am opening Long as I like betting against the crowd.

Sovryn_Matt Pro+

Its game over for Saylor. He will need a miracle to save himself from this mess hes created. Joke of the day, "Bitcoin is a store of value and hedge against inflation". 😂

Sovryn_Matt Pro+

BTCUSD has double bottomed at $37500 level of the macro bear flag channel. 4hr RSI has a clear bullish divergence. The nasdaq has a bullish divergence with a Bullish bottom candle. As much i am bearish on bitcoin i think we will see a relief pump in the next week or two to around $44000 before seeing $28k and lower prices. We are at extreme fear on Fear and...

Sovryn_Matt Pro+

Web 1 bubble vs Web 3 bubble. Now below monthly Gaussian channel. Formed a head and shoulders and breaking below the neckline. MacD and HVN are bearish.

Sovryn_Matt Pro+

If 3 day 200 MA doesnt hold. Watch absolute carnage in the markets. There is a clear breakout of the head and shoulders pattern. Very little buying volume happening currently. Fundamentals are not good with Fed plans to further tighten with DXY on bull run. Dollar Milkshake theory playing out in real time.

Sovryn_Matt Pro+

The short term bullish moves to $45k are possible at these levels. However, I would be skeptical and still believe prices are going to $28k or lower. And given the fundamental analysis is looking extremely poor I expect further down moves. Bullish wedge chart pattern and fear and greed index at extreme fear could create a relief pump to trap bulls and liquidate...

Sovryn_Matt Pro+

Bearish divergence on 1hr RSI, rejection from top of gaussian channel and MA on 1hr. Short setup for this week, using tight stop loss.

Sovryn_Matt Pro+

CME whales attacked $48550 level twice and were rejected. Triple formation top on 15 minute chart. Based on past CME future markets open, theres a high probability $48550 is the weekly top. Expect lower prices for the coming week. Not financial advice.

Sovryn_Matt Pro+

Head and shoulders TA. Theres nothing bearish I can find. The smart money is taking profits and risk off the table as FED meeting on Wednesday plans to raise rates by 0.5 bps this week. If FED announces 0.75 bps rate hike. Its gameover for risk on assets. DXY will go parabolic and all risk on assets like crypto and equities will fall another 30% in the next month....

Sovryn_Matt Pro+

Measured move gives target price of $32000 range. Be careful keep emotions in check.

Sovryn_Matt Pro+

A bear flag with a fakeout move to the upside. Price target still measures to around $21-$22k.

Sovryn_Matt Pro+

When the Red MA crosses the green MA expect a 40-50% flash crash. At least this is what I am expecting.

Sovryn_Matt Pro+

Relief pump on Stock indexes and declining VIX could lead to cryptos having one more bounce by the bulls with hopium to liquidate late shorts around $41800 before market goes to low $30k region again.