Astro Alpha

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[kevin @Kevca6]

started @marketopenshow pod w/ @RedLightMuzik.

Mon – Wed – Sat
20:00 CET

today is emergency stream 😃

[Astro Alpha @Astro_Alpha_]

$ADA

cardanzo also very simmiliar to link in previous post. Some bounce trades are present

[Astro Alpha @Astro_Alpha_]

$LINK

the r/r for buying is really good. But i would be really cautious and if the trade turn agains i would cut aggresively.

[Astro Alpha @Astro_Alpha_]

$SOL

I tried really hard to find some trendline to pretend solana is not cooked. One interesting thing is that solana breakpoint is coming next month (Dec 11–13) and historically solana had positive price action around breakpoint conference.

Not bad idea too actually buy sol into breakpoint OR research projects that will have announcements during the event 👀

[O'Captain 🛟 @Ocaptain2023]

Morning Market Overview with Astro Alpha https://t.co/o1N7BGsgDN

[Astro Alpha @Astro_Alpha_]

@Ocaptain2023

[O'Captain 🛟 @Ocaptain2023]

GM

I woke up feeling under the weather today so no market update today. We'll be back at it tomorrow with @Astro_Alpha_ at 11am EST for an update.

Back to bed to feel better and start over again. Have a great day everyone.

[Astro Alpha @Astro_Alpha_]

$BTC

we still have 2 days until this weekly closes. The current situation reminds me of july 2021 or december 2021 and if I take into account the timing aspect of these things.. I would say we are closer to the dec 2021 situation.

My thoughts on the market:
A lot of people are complacent. They do not want to believe it is over and are ignoring or dismissing any bearish signals.

The most common arguments for why this is not the top are:

• We did not have euphoria. so this cannot be the top
• We did not have an altcoin season
• Retail is not here
• Blackrock is buying (LOL)
• Bitcoin is now an institutional asset and institutions are slow to buy
• Zero top indicators have flashed

I think these arguments are weak.

My thoughts on these arguments:

• We did have euphoria. Many people were euphoric in late 2024. Crazy things were happening.. Even the president and his wife launched coins. That is euphoria.
• We did have an altcoin season but it mostly happened onchain. If you look at how many times some major coins multiplied. You would see sol made 32x, bnb 6–8x, doge also 6–8x. Is that not altcoin season?
• “Retail is not here” is probably my favorite one. Retail was here in a big way but they did not come to CT or crypto youtube. They were trading and consuming content on tiktok and instagram. There are many people with hundreds of thousands of followers there that crypto twitter has no idea about. Retail simply stayed on the platforms they were comfortable with. That is why you had onchain memes pumping for 365 days straight while crypto people were coping and wondering why it was happening.

The nov 2022 bottom was 1078 days ago. There is no point in taking unnecessary risk.

Did i longed or bought some coins? Yes but i treat it very as very short term trade

Thank you for your attention to this matter.

[Astro Alpha @Astro_Alpha_]

$MSTR

chart also suggesting bottom approx this week based on 2021 fractal which it has been following perfectly all year.

[Astro Alpha @Astro_Alpha_]

$UNI

same thing. But dont think its good r/r to randomly long coins rn. I would rather wait for some new coin or new narrative to emerge and then enter

[Astro Alpha @Astro_Alpha_]

$LINK

A lot of alts looks like this. Normally i would say this is the bottom. But idk something feels off.

[Astro Alpha @Astro_Alpha_]

@RedLightMuzik probably yes. but my bias is much lower rn

[Astro Alpha @Astro_Alpha_]

$BTC

touching the 50w sma. Everyone in the world rn knows about this level. Really curious how btc will react here.

[Astro Alpha @Astro_Alpha_]

@RedLightMuzik its not looking good

[Astro Alpha @Astro_Alpha_]

BTCUSDLONGS on Bitfinex

I really like to check what bitfinex longs are doing. They are mostly inversely correlated with the btcusd chart.
If this is going up then btc is going down and vice versa.

Watching this very very very closely right now.

[Astro Alpha @Astro_Alpha_]

$BTC

bounce here or we might get used to 5 figs bitcoin again. I like the area around 92k (cme gap) if this support breaks.