Quick tip / one of my favorite indicators - VRVP basically measures historic order book volume - helps you identify/reinforce significant support/resistance levels, helps set orders, especially limit buys, because you know where it's likely to catch support (at the edges of these historic high volume ranges). Also helps you prepare for fast moves up or down when...
FTM/BTC also looks bullish. Broke out from rising channel and has retested on the 4 hr. If it can close above on the daily, that would be a good sign to enter, as breakouts from rising channels are v bullish. Happy trades, CD
This is an Ansem copytrade ngl. I've been sleeping on FTM but there are no signs of slowing down. Once the market bounces back, $2 is the mid-term target. marked some potential resistance levels along the way where one might take profit Also marked some bottoming / reversal patterns that played out at the bottom. Wish i was watching this one sooner! The signs...
Shrapnel is the first AAA FPS in web3 with an outstanding US-based team and strong community. Update on SHRAP - it's been recovering nicely after a 60% retrace, and now is trying to break about the weekly order block previously set on it's initial run up, clearly helped by AVAX's recent pump. SHRAP may encounter resistance here and retrace before it pushes above...
Shrapnel is a AAA web3 FPS building on an Avalanche subnet - Items and characters are NFTs, and they just launched $SHRAP, which will power the whole economy inside the game. They have industry veteran team (some of whom I've had the pleasure of interviewing) and they are based in the US, in Seattle. Oh yeah, and their version of "influencer marketing" is Arthur...
Activity on SOL is exploding, currently driven by a speculative meme token frenzy. This drives a lot of value to SOL itself. Unless an ETH ETF actually gets approved, SOL stands a good chance of outperforming both BTC and ETH this cycle. DYOR. Happy Trades, CD
SOL stole all the hype among alt L1s early on this cycle, but I think XTZ will be a sleeper hit and it's already rallying hard, printing very bullish pattern on Weekly timeframe backed up by some nice increasing volume. You might get more volatility from smaller caps, but we'll see some nice predictable advances from solid, established projects like Tezos. As...
Arbitrum is one of the major ETH L2s and it looks very bullish on the weekly TF with volume backup up it's recent reversal. With ETH skyrocketing, I would expect ETH L2s to follow suit at some point. That's it, that's the idea. Happy trades, CD
Multiple geopolitical and macroeconomic factors providing strong tailwind for Nuclear power. From a technical perspective, there is a massive macro trend reversal playing out here with volume behind it, which presents a promising long-term opportunity. DYOR. happy trades, CD
"Increasing the affordability, speed, and security of transactions, Immutable X is scaling the Ethereum NFT economy with zk-Rollup technology." They are currently a dominant web3 gaming infrastructure project especially after partnering with Polygon. Here's a good recent interview IMX founder: podcasts.apple.com Web3 gaming narrative is strong. I will be buying...
Time to get off the sidelines and respect the pump. If the ongoing L2 rally isn't enough of a wake-up call, check out USDT Dominance, which is putting in lower lows and breaking through a significant previous resistance level with increasing volume to back it up. Also, looking at VPVR, there's also very little volume to stop this trend at least until it retests...
First stock idea I've shared... *gasp* For the past 8 years, my strategy has mostly just been to hold a bunch of tech and green energy stocks forever, and that worked quite well, until recently. Now that I'm a little more tuned in to Macro, markets, etc, I see nothing bullish right now, and would rather be in cash to set buys at lower levels. I also want to...
Classic Adam&Eve double-bottom pattern playing out as ENS has rallied the past few weeks with volume to support it. As one of the most profitable projects in the ETH (and crypto in general) ecosystem, I expect ENS to do well this cycle, especially if plans to expand to other chains proves a success. I marked some general target prices at weekly OBs. we are so...
BTC / Stocks will do well if Dollar continues to correct over next few weeks (or longer) But Dollar rally has been unexpectedly strong, so prepare for a bounce and continuation higher, which would deflate any short term BTC rally that may occur before then. Credit to Trader Mayne for these ideas Happy trades, CD
The PLUG short I posted a while back turned out to be right-on-the-money. Now I wonder if it's time to scale back in. PLUG has been absolutely hammered and is lagging behind the recent rally. I trade based on technicals, so I have no fundamentals to point to as to why this might be the time to buy PLUG, but looking at the chart, I can't help but think: Who the...
BTC.D is clearly at the top of this macro range. USDT.D is also dropping. This means we may see a mini alt season as alts follow BTC's recent rally. One counter-argument is ETH Shanghai update - Lots of staked ETH will be (is?) getting unlocked, which could create a lot of sell pressure. Some very crypto/finance savvy friends are shorting ETH here. ETH makes...
Not much else to say. I don't tend to use diagonal lines much anymore, but I was taught that when PA breaks up from a rising wedge instead of down, that can lead to parabolic gains. this chart is already looking pretty parabolic, so I guess that's just continuation. Looks to me like it's retesting recent resistance to see if it can flip to new support. Just an...
If SPX catches support at the 200 day MA on the 1W, that would be🤌 and TA haters will be very quiet lol Wouldn't expect a macro trend reversal necessarily, but I'll be looking to open some altcoin positions if this happens. Happy trades, CD