Here is the best indicator I'm using to buy and sell
crypto like $BTC $PLS and the-grays-currency:native on "Trading View".
"Trading Toolkit" - Big Beluga ๐
Daily / 2 Day time frame is most accurate.
@moonpie3210@DaveHcontrarian Check if it closes below the 200 MA and also on which time frame.
Two closes below is more confirmation but depends on timeframe
@DaveHcontrarian do you follow the $MSCI index?
It's consolidating while the majors are running, even the
Russell is marking new highs.
Can you give any insight?
@DaveHcontrarian Oh, sorry I meant the consolidation from the top in 2021 untill now. As it hasn't made new highs whilst all the major indexes have.
It's been grinding sideways but close to a breakout. I suppose I did wonder why it hasn't broken out with the majors.
$PTGC holding strong in this brutal liquidation
event for $BTC.
I'm interested to see if this marks the lows as leverage was wiped heavily from the system today.
Had a good discussion with @Pat_Vierra where we talked about the metals,the current parabolic melt-up,a coming market top,the historic bear market to follow & what comes after that. https://t.co/nDmCX0bn0M
the bottom line is that crypto is lagging and once the macroeconomic conditions that have driven every other bull cycle line up, there is an extremely strong possibility crypto will catch up, very fast.
the frustration of it this cycle is how long it's all been contracted, but...
it's not because crypto has failed.
it's not because altcoins are useless
it's not because crypto has lost narrative to ai...
it's the business cycle and liquidity making its way down risk curve.
we might come to find that ultra contraction equals ultra repricing.
Intro 00:00
Altcoins lagging 1:00
4 year cycle breaking 1:40
S&P 2:10
Altcoins vs. S&P 4:00
Ethereum 6:40
Dogecoin 7:30
Cardano 10:10
Chanlink point 11:40
Something to consider 13:45
99% of all crypto tokens are about the price.
Where is price going to go?
$PTGC is one of a few rare tokens where we look
data, numbers. Pure facts.
Analyse it more as a business/company as compared to other tokens in which we simply speculate will people buy price the price.
This support on $BTC still holding.
If we bounce our ALT coins are will hold
support and rally. But if we drop to 60k our bags
are going to see one more final push lower.
Have your plan ready.
$BTC is at key support levels.
Whatever happens here will most likely give the outcome for $PTGC at these levels.
It's possible that Grays could bounce despite overall macro conditions but it's rare and depends on adoption of new holders/higher demand of current holders.