The crypto market may be bottoming but...
But a crash may be first.
Another crazy scenario of mine about the crypto market.
I believe we might be looking at a redistribution range after the giant distribution range. And this is a potential outcome. Make this range an accumulation range and go.
Another crazy scenario of mine about the crypto market.
I believe we might be looking at a redistribution range after the giant distribution range. And this is a potential outcome. Make this range an accumulation range and go.
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And what if BTC already bottomed and it will only test 18k while alts are getting massacred to bring down the market 40%?
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This easy -18% on ETH/BTC for example.
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LTC is one of my favorites. I insist that this chart is bearish. For now at least.
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BNB. What will it do after this weekly candle that looks like a rejection?
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This idea does not suggest "buy buy buy when TOTAL hits 580B" btw. It just says pay attention there.
See what the market does for a few days at least. Does it look like it's gonna be a spring? Is the market strong in spite of the fear of the masses?
If you are out of the market right now, consider buying your favorite coins very slowly around there maybe.
See what the market does for a few days at least. Does it look like it's gonna be a spring? Is the market strong in spite of the fear of the masses?
If you are out of the market right now, consider buying your favorite coins very slowly around there maybe.
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Market is bearish. BTC.D is bullish. Might be an interesting week.
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Another example. One of the stars of the rally. This is not a pullback. This is distribution. It's dangerous.
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Last piece missing? Maybe.
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If this is a true bottom, it is unlikely imo but anyway, we should see way longer accumulation than this. I'm not interested even with hedge positions yet. The top is strong. A quick up thrust will be a UTAD imo.
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Which makes more sense?
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That's why I'm saying looong reaccumulation is needed. Either that or the natural outcome is crazy reversal imo.
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Short-term TA:
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I'm not sure what's going on to be honest :D 1.618 extension is the resistance for now. DXY is bullish. Either this was just a lower high or a blow-off top is coming.
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All I know is that I'm not interested.
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Good to see there is still no trend. Simply 3rd blow-off.
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This is not bull market characteristics. You just need to scroll to left a little bit to see what a bull market is.
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Wow what a pullback. I'm impressed. Buy the dip lol.
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Inflation peaked narrative is getting destroyed. It was bullshit anyway. Crypto will wake up.
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UTAD until proven otherwise.
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I know it's different. But the idea is the same.
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Here is a bullish chart. 108 looks obvious.
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Let's have a dose of reality.
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1) What
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SOL to $29 pls.
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MATIC to the moon. It's gonna be very cheap shorts hehe.
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Here is a bull case.
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Correction to the rally. consolidate on a demand line. Failed h&s.
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Ot not failed h&s. Depends on how you measure.
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19.300-19.500
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Makes sense, doesn't it? 19.300 -> 29.500 -> 31.500 and it makes the big decision after that.
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Don't let them deceive you with non-log charts like 'Oh look how much we are down. This move is nothing bla bla.' No. We have a monster distribution range and we are automatically looking for redistribution. Period. Invalidate this and we will have talk about bullishness.
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We just need to smooth this out somehow to make this a good top.
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Some meaningful ranges.
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The Bollinger Band says it all. Unfortunately we are going to $-1167 :(
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Buıt that's good news. Because negative price means seller pays you. Not the otherwise.
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What is it doing?
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Fun bait on ETH. Distributors.
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This ETH chart is screaming 'I am distributing on you.' Looks so obvious it might be wrong lol.