1. There are 2 main types of asset behaviours; trending assets and ranging assets.
Too many have become accustomed to (upwards) trending asset since 2020 that they are not even entertaining the idea that ETH + BTC are simply ranging at the moment. Once ETH broke above the May ATH a couple of months ago it fell back below and into a range. Until it breaks back...
Smaller range formed last day. If reclaimed then the equal highs at $48,144 top should be taken out. Targeting further into 49keks if breaks to the upside after that.
Nice r/r as invalidation is right here. Wont hold position longer than the 2 targets outlined as i expect more chop into the new year.
When the bear market eventually hits this will be the easiest money printer. Solana outperforms its own ecosystem when they go both up and down, which is impressive in a bull market, and to be expected in a bear. Therefore solana hedged against its own ecosystem has practically been up-only thus far.
According to FTX the SECO basket is a combination of...
With reference to previous post regarding seasonal money rotation around ETH.
Link price relative to ETH at 2019 s/r level. Was waiting for a deviation and reclaim of support to take out any stops but it may not come.
Can just long the ticker or “short ethusd/long linkusd” to play the ratio manually. If played manually the hedge can be adjusted from the 50/50...
The 2 biggest Semiconductor ETFs by AUM looking to break upwards with many SC companies consolidating for, in the case of AMD, a year. Usually look for laggards in an industry but hoping they are all laggards to Nvidia as of now.
Bullish RSI divergence on the weekly (AMD)