Eventually i will bail on the main and main this one
Current positioning is HYPE, MU, ORCL, RIVN
Overall btc/crypto weakness is systemic… riddles with risks, burning cash and resources in a time when hardware is top value. Hype is the exception and new standard
Forgot to post but Data is full long on for a couple weeks. Update:
some favorite coins to hold or swap between(but dont get too cute with it)...
XMR, SPX6900, GRASS, HYPE, ENA
Data might show a bit of slowness from SOL so we have neglected it for the time being, ETH looks good
ALRIGHT
we are back
data is showing that the party might not be over
signals were screaming a downturn was happening, but now we believe the market will begin to be forward looking for QE
cautiously optimistic for long side market returns again, but allocate selectively
we cautiously exited everything as sol broke 165 area
data shows this type of trend break on higher time frames. invalidations apply, cash is a position
now the data shows nvda bad, sp500 complacent, btc bad, altcoins getting some love but we don't understand the risks involved on larger scales to take when capital protection might be the name of the game. structural weakness ever since goatseus maximus into the fed hawkish
$btc dominance
the monthly time frame
downside rejected, macro higher low
strong bounce tearing above resistance
this data says bitcoin probable to continue outperforming alts
One piece of data I have been watching for 2 years now is the money flow on the 2w $BTC #bitcoin
This is the first time it seems like it could be trying to bottom out and reverse
$BTC
Following up on the 2w
I do not view any significant historical resistance until 44k area.
With the noted money flow turning up, and now volatility expanding from its lowest point ever, this move could have a lot of fuel still
$SOL vs $ETH
take a moment to mavel at this chart and how beautiful the accumulation structure and breakout is
Pullbacks will come. but the trend shift is what is important here, watch for higher lows and bid
bad call
i repent to the android builders for forgiveness
my general thought it that the selling it irrational, but the data is pretty scrambled on such a wipe out
@IncomeSharks it does seem irrational this level of selling on a pretty neutral earnings report. what is your take on the outperformance of $COIN though in comparison? It had earnings sell-off bought up immediately
Bitcoin mining stocks have been displaying terrible weakness lately, even while bitcoin itself looks incredibly strong.
Too many chances to buy the lows is makes it seem like they won't be the lows for long
$BTC
unimpressed with bounce so far. still leans to more downside. $ETH vs $BTC
however if the price action can maintain this level for a few weeks then it may be time for an actual rally. Until then still targetting .035 area
$eth : $btc ratio update
At a major support here on the quarterly chart so possibly could see slme relief
However the distribution was very long and very sly, lots of people offsides on a macro lower high
.035 is still the target, in time