This is a nobrainer short, if you fear getting liquidated use the DOGEHEDGE coin on FTX which is a -1x Doge position.
You can even dca into that coin.
Absolute hype coin pumped by elon musk and delusional people putting their savings into this scam.
Eth will be topping out soon enough imho, or at least were due for a bigger correction which will give you alot of cheap alts to buy :)
Slowly building into a lower than 1x lev short on Eth from now on
Seems soooo toppy at least locally. Might give alts a chance to run after a retracement.
Weak RSI, declining volume makes me pretty bearish actually.
Biden spending plan tomorrow gonna be hard on stocks if he raises corporate taxes.
Reopening of the economy is going to be the biggest bulltrap in history, since spending starts to ramp up and retail will start...
With volatility declining and a weakening rsi i suspect we fall out of the rising wedge and retest the blue area. This retrace would be healthy and the bullrun would continue without a doubt but if we move up inside the wedge and actually break to the upside into a blowofftop this would likelty mark the top of this bullrun so if yall can be patient and dont blow...
I really like this project but after a huge blowoff top has played out since getting listed on FTX this is starting to look heavy.
The white triangle reminds me alot of the 2018 Bitcoin bear market which resulted in a breakdown forming a U shaped Bottom.
If we manage to Break to the upside and close above the yellow inverse parabola i can sell my bullish case...
I see people tweeting that we havent even entered a bull market yet, some nft selling for 69Million USD and people calling for insane targets based off unsustainalbe logarithmic growth.
I was going to post this fractal without much comment and i just wanted to add some market thoughts i had.
- final stimulus checks could create a meltup scenario in stocks and...
Retesting those moving average levels is pretty common in previous bull markets but if we dip and do not hold those levels that would be the absolute worst case scenario.
If we fall below the wedge im laddering bids from 26- 24k because liquidations of overleveraged positions will put alot of selling pressure on the market.
fingers crossed and happy trading!
SNX looks pretty interesting and could gain alot of momentum once alt dominance rises and they get their stuff to work. The token is needed as collateral for their synthetic stocks that can be traded on decentralized exchanges.
Defi has been stealing the show causing a mini alt season because investors are getting bored with bitcoins stock market correlation.
VOL is a good tool to get exposure if ur unsure of the direction so use DCA to minimize risk.
No trading advice, take care guys.
Compound is going crazy! Check their website for all the info on the project its really interesting. Aside from the fomo weve seen until now i can only add its not even on binance and coinbase yet!
This is going to pump like crazy imho.
FTT has benefits for its holders. You get fee reductions and you can vote on upcoming listings.
FTX burns tokens based on the amount of fees the users pay on the exchange.
This token is similar to that of Binance and i think since FTX is on the way to outperform every other exchange in terms of innovations (Leveraged Tokens, MOVE and Hash contracts) I see alot of...