@a_wandering_jew Could be absolutely nothing. But my plan is to observe PA around it. Could become a future higher low.
Anyway NAS imo is in a range bound environment, could keep ranging until then, and then pump one last time to finish distributing
Longed here.
The question is: is it gonna be a relief (lower high) into the better key levels below? or a continuation? Time will tell
You can see a positive energy entered the market in mid October but I said there is more cycles converging in November which is why price is behaving like that.
@a_wandering_jew I did some analysis but won't share it publicly, I have 13 November as an exact vertical date. Idk what happens around it. But my eyes are on it
We also need to define what is a macro low/high or what is a bull/bear market.
To me it's Bear/Bull environments. Right now we are in a bull market. Once 90s come, i think we flip bear market.
We also haven't flipped 98k which means the downtrend is still on. But we also are in a big macro uptrend since 2011.
It depends on the perspective you are talking about. I am assuming you are talking about 3y bull 1y bear cycle and that's what I don't believe in
Mid October to early November is the window for a bottom. Some key levels hit, and some didn't. I already scaled in longs the past 2 days when some levels hit keeping more entries if we get the better levels which I am hoping to get if market gives it.
Also bought some crypto related stocks. Mainly SECZ
@pkrk9m4vtf There is no bear/bull market. Not to be compared with previous cycles. History isn't prophecy.
It's a trader's market and a new low for BTC is always on the table
I don't believe in a 4y cycle especially on a young asset and when everybody believes in it.
DXY (Update)
Extreme right translation of the current cycle meaning remaining bullish on USD until at least the next one is what I am going for here.
We also have acceptance above the previous high.
I think this the big zone where DXY macro distributes (will take time).
A correction is likely here and the next lows I am waiting for are late October and January 2027.
DXY (Update)
Haven't updated this chart in a while. DXY is by far one if not the most important chart on the macro.
So far it's been following the forecast but I am only updating the macros on that chart and not taking you with me to day trade forex.
The top came into July/August syncing with most markets. But there is still a decent decent chance we get another spike from here into its current ideal low late August (as seen on the chart). There is pivot like right now and the chart has broken above the range and now pulled back into demand.
To me this setup feels optimal enough to take and build context from for other markets. On this, I shorted EURUSD. One more spike into October makes sense to me into these fresh supply levels I marked out for over a year now which haven't been taken yet. It also might make a lower high (less likely I think).
Invalidation is a close below the key SL.
DXY
Looks like pivot came early here.
Pushing range highs, very bullish, I am not a fan of shorting the highs here unless it starts to lose structure so in that case, I would wait for bearish continuation setups not reversal levels.
I am interested to keep longing on LTF on every demand since I see it continuing going up.
No reason to be losing structure here if it's bullish and wants to keep momentum up
I would love to see continuation on DXY until July/August (ideal top). This would give an opportunity in the commodity sector (Gold/Silver).
DXY is overall in a bear market and we should see 91$ by end 2027.
@a_wandering_jew Check the current bottom on LDO with great target. Totally forgot abt it because I was focusing on my fav coins which got fromt run by 3% lol
Mid October to early November is the window for a bottom. Some key levels hit, and some didn't. I already scaled in longs the past 2 days when some levels hit keeping more entries if we get the better levels which I am hoping to get if market gives it.
Also bought some crypto related stocks. Mainly SECZ
To be clear, I am still expecting a bullish end of year for crypto but that pump would be a completion of distributive behavior. Tops just like bottoms take time and unlikely to finish on a first touch. So most of my longs are back to the highs with some alts to go higher (those which still have targets untouched above the current high)