- Based on altcoin dominances indicating risk-on activities I believe we're not in a bear market
- So we're just retracing but why is the chart so bearish?
- Wyckoff 3.0 - everybody is too smartass these days buying the dip - look at open interest and funding rates
- Make this dip look extra bearish by: breaking ema's, key fibs and major trendlines to get them to finally sell
- We're approaching this time - just bearish enough that everyone is selling but still within reach of recapturing the major uptrend by breaking out the massive descending wedge
- Momentum indicators also pointing toward this happening within the next 10 days but the trends would suggest sooner imo before it is too far gone to repaint a bullish picture for this cycle
What's next? a 20% move up on corn and dominance recovery (all that money stashed up in alts will help squeeze many bears)
What's the likelyhood? I'm going with 70% and managing exposure accordingly - if it fails the next dip will be substantial
- So we're just retracing but why is the chart so bearish?
- Wyckoff 3.0 - everybody is too smartass these days buying the dip - look at open interest and funding rates
- Make this dip look extra bearish by: breaking ema's, key fibs and major trendlines to get them to finally sell
- We're approaching this time - just bearish enough that everyone is selling but still within reach of recapturing the major uptrend by breaking out the massive descending wedge
- Momentum indicators also pointing toward this happening within the next 10 days but the trends would suggest sooner imo before it is too far gone to repaint a bullish picture for this cycle
What's next? a 20% move up on corn and dominance recovery (all that money stashed up in alts will help squeeze many bears)
What's the likelyhood? I'm going with 70% and managing exposure accordingly - if it fails the next dip will be substantial
Trade active:
Aaaaan we have a breakout!!
Trade active:
Well shit...
that fakeout had me...
at this point holding spot positions and looking for the next setup
that fakeout had me...
at this point holding spot positions and looking for the next setup