Update- I believe this boring consolidation is nearing its end and that we have reached a turning point. I am loading longs here on multiple digital assets. I believe we are going to see a huge move up from this point that we can stay in all the way back to 59k. $btc #crypto
$uma I got long this in the 12-14 range looking for a 10x but has fallen lot more than I figured and the MA's look like shit. It's last saving grace is that trend line and the 8.50-9 support area. I'll let it hit it and see if it can bounce but will not hesitate to cut if not
$matic same story different day. Moving averages are humming along. You want to buy this in the 1.50-2 range. Ideally off a bounce of the upward sloping trend line for the best risk/reward. If stacking spot, I would just dollar cost average each day sub 2.
$sol price fell out of the channel and morphed into what will probably be a boring consolidation here with the 50 day now flat and the 20 pointing down. My prediction below will not happen. I think we see a range develop 175-195. No trade for me now. I'll reenter if I can get 175
$dot lot of hype surrounding parachain auctions etc but the chart looks more useful as a leading indicator for btc than anything else. It literally looks like btc only worse.
$crv sub 3.50 I'll nibble. That trend line/channel might prove rather sticky though and I wouldn't be surprised if we are right back to this same level in a year from now. Looks better vs btc but so do most things
$avax I maintain a good size spot position in my hodl account. For the trade account I want an open closer to 70 or a bullish weekly reversal candle for entry
$algo tremendously bullish chart. I have a small position on now that I am looking to build. You could easily just sit in spot from this level and wait it out, but the ideal load up zone is 1.30 - 1.50 area. If I can get my avg open down to sub 1.50 I will lean into this heavy
$btc #btc max pain is a theta bleeding consolidation in the 47k-52k range. No trade for me here unless we see a drop to 35k or at least the 35k-39k range. Then you would be 2std oversold on the weekly with the 100 week right below you plus the 32k support level
$eth a lot of fuss being made about the majors but there just really is no risk/reward edge here. Probably needs to keep moving lower still, but we're in no mans land here. Can only play it as a pairs trade with btc
$algo I reduced exposure once we lost 1.85 on the LTF. This one is going to take longer it seems. I do want to own it as this is a massive base we broke out of but keeping position super small. Will look to add if we get closer to 1.50 or break and hold above 2.