Here is a rough summary of the most important list of my technical indicators that I use when determining my crypto strategy:
1. Monitor the 2 & 10 yr. yields for US gov. bonds/treasuries for inversions (bonus to monitor credit spreads)
2. Monitor the DXY (dollar index against other major currencies like EUR, YEN, etc.) (strength bad for risk assets)
3. BTC Weekly RSI -> 75 is approaching a local top (expect rotation or end of cycle)
4. Total cycle crypto market cap reaches ~ $9 Trillion.
5. Dominance on the majors (BTC.D + ETH.D + USDT.D + USDC.D) approaches a cycle low of 60% (max on Alts during Alt-season)
6. Confluence of all of the above with a 4 out 6 determining highest probability of exit
Some supporting information specifically for XRP in terms of technical indicators:
1. XRP Market Cap between $400B & $575B w/ bias to the prior market technical indicators
2. XRPBTC pair approaching 0.00015
3. 4.236 Fibonacci Extension on XRP (measuring from local top 14B in May 2017 to local bottom of $5B Jul 2017 (yes, I know, incredibly long accumulation on this extension)
4. XRP 2-Month RSI ~ 80
$SUI will be bigger than $ETH
In the near future hundreds of millions will use @SuiNetwork daily without even knowing
This is not just another shiny new VC chain, this is the new internet
Keep your eyes on the ball people. The bullrun is going to go crazy this next leg. Example...
$SUI back over $5.00, up over 200% since the election despite major pullbacks. This next run will be glorious.
Top 10.
TRUMP: INTEREST RATES ARE FAR TOO HIGH
The last time Trump said something was “too high,” it was the dollar – back in January 2017, just days before his inauguration.
Here's what he said:
"Our companies can't compete with them now because our currency is too strong. And it's killing us.”
Last year, he also called recent strength a "tremendous burden on US businesses.”
Trump understands the impact of a strong dollar – and the same logic applies to high interest rates. They suppress exports, hurt corporate earnings, and slow economic growth.
What happened next?
Well, the dollar began a significant decline, setting the stage for one of the most pivotal macro moves we’ve seen in years – triggering a melt-up in risk assets.
Déjà vu? I think so. Let’s see how it plays out.
$TITS is my biggest meme conviction at the moment.
Nothing comes close.
Newbies choice.
Wise money choice.
The big accounts are just scared about it.
Only the ticker will sell it off.
No meme ticker is closer.
Self sold out but you're not informed.
The price will not last long.
The higher the consolidation, the higher the movement.
You have been warned.
▫️ $SUI
@SuiNetwork is a Layer 1 blockchain designed to make digital asset ownership fast, private, secure, and accessible to everyone.
➢ Sector: Infrastructure
➢ Price: $4.09
➢ Market Cap: $12B
1/ 🧵 @FlareNetworks Oracles vs. @chainlink & #Pyth: What Makes Flare Superior? Let’s break it down! 👇
Oracles are essential for connecting #Blockchains to external data, but not all oracles are created equal. Here’s why Flare’s approach stands out in the world of #Web3 .
I view SUI as this cycles SOL, only one cycle behind on the maturation curve (as reflected by Market Cap). Even though all metrics show SUI is growing faster than SOL at the same time in it's lifecycle, I conservatively assume that SUI will follow the same growth rate. This places SUI at 4 to 6x from here, or $15 to $22. I know this is outrageous, but it's actually rather muted compared to SOLs ascent. I don't know why anyone invests in any other asset class.
Well, $SUI seems to be working out well so far. Nice.
Early days still in the price rally and the impressive building of applications, tools and ecosystem. Lots, lots more to come.
Obviously expect hideous volatility along the way.