The example redistribution chart is from this article:
I like the similarities. I've been trying to make sense of MATIC chart for some time. This is my best bet as of now.
Personally got a small short from 1.204.
I don't think the dollar is collapsing any time soon. This chart is sustainable if not bullish.
The dollar may be collapsing in a metaverse created by just another scammer but unlikely in real life any time soon.
Or let's do it like the crypto cult (ehem!) 'crypto industry'.
Just another quick what if scenario about this rally. I will work more on this later. There are a number of things that makes me think of this. I can share more later.
I know many people are betting on accumulation right now. That's one of the reasons I'm still spending time on scenarios that we go higher. Those smart traders / investors will also change their...
ETH is pumped without a good base. Looks like a good short squeeze. I had closed all of my shorts except the BNB short as of yesterday. Now I have an ETH short 1530 entry / 1570 stop. Very tight stop for my standards. Manage your own risk.
BNB has lost a very critical level lately (~260). I think its macro outlook is very fragile. You can check my macro TA for BNB from this idea .
I think a potential test of 260-270 level might be a good short entry.
I will watch ETH/BTC on this thread.
I love this chart. But I don't have a strong opinion yet. But honestly I'm *slightly* bullish about this Bart :D Just because of the overconfidence of Bitcoin maxis lately.
But a crash may be first.
Another crazy scenario of mine about the crypto market.
I believe we might be looking at a redistribution range after the giant distribution range. And this is a potential outcome. Make this range an accumulation range and go.