The_Grizzly_Bear

The_Grizzly_Bear

Something i always keep a close eye on is the Bitcoin Dominance chart, its been a really good indication of the movements of Bitcoin vs Altcoins. I never really do much in the way of technical analysis with the Dom chart but i will keep an eye on key levels where we start to see trends turn around or pause. >> Currently i have been watching the BTC dom rise and...

The_Grizzly_Bear

After the corona recovery we topped back out above previous highs with a small shack off on new price discovery. As ridiculous of a move as it was it had back bone and was a pretty consistent or strong growth trend, but that shake out broke trend and the second recovery has failed to make a higher high. So now im purely looking at market structure change and...

The_Grizzly_Bear

Been watching the DXY closely for a few months now as i mainly trade Bitcoin and its heavily pegged to the strength of the USD mainly from global arbitrage. I was expecting a huge retrace on BTC when the DXY started to recover from those V bottoms but it quickly got shot down again when the US markets started to recover. BTC went on a run and hit close to 14k, and...

The_Grizzly_Bear

I have been staying off bitmex a little lately since all the drama around Arthur but slowly edging back into it now after a short stint on binance futures. Watching LTC closely here for a short term short play. We have retraced past the 618 and sitting on a significant EQ right now and the MACD looks to have some descent momentum to continue selling further. Im...

The_Grizzly_Bear

😩 Some times we are faced with difficult decisions in the trading/investing space and this comes from the psychology and emotion of the game. 🐻 I pride my self on being pretty emotionless when trading, in fact some times I can be pretty brutal when it comes to day trading shorter time frames. But I dont just trade and there is a big difference between trading and...

The_Grizzly_Bear

I have been trading and investing in gold for a while now leading up on this run and expected to see a descent pause in the market after launching out the top of this long term growth trend. I dont feel this run is over yet but is due for a halt, but its getting close to the lower band of this bullish channel so keen keen to enter another long very soon. As this...

The_Grizzly_Bear

Kyber network on both the BTC and USDT chart has had some serious sell off over the past few months and has been stuck in a nice range for a few weeks on the USDT chart. Im expecting to see a descent pause on the KNC/BTC chart and a short term recovery to reclaim some previous liquidity zones. If we see that reversal or recovery on the sat chart and BTC holds its...

The_Grizzly_Bear

I kind of feel like something is brewing here on IOTA from a market structure point of view. Its a bit of a long term call but its building sweet structure on the higher time frames for 2 really good impulse moves. 1. A break above the current resistance will see us free of a lot of market structure an possibly see a big push to 2 significant supply blocks. 2....

The_Grizzly_Bear

On my Monday night Live session with the team i hand picked a bunch of alt coins i was trading on Binance futures and Chainlink was one I was watching closely. Took an extra in the alert zone but only got one position filled as i was expecting a touch on trend for a better confirmation. I ended up closing my position early this morning with a close on previous...

The_Grizzly_Bear

Im watching a few things closely on Bitcoin right now. We are parabolic once again although not super extended we are definitely stretched right now so expecting a snap back sooner or later. For some time BTC has been pegged to the reaction to the DXY and the only thing i was really watching for was to see BTC break significant levels to start seeing organic...

The_Grizzly_Bear

I still find Bitcoin to be stuck in a HTF down trend channel leading back from the high mid to late last year. I understand some fundamentals at play with the halving coming up and the Hash ribbons indicator indicating the minors are accumulating again but on a technical stand point of view where we are now just seems like the idea position to trap a lot of retail...