ChimeraHoldings

ChimeraHoldings

Not exactly making a bearish call here, just posting to bring awareness to some over ambitious traders out there. Past 3 out of 4 trend reversals on the MACD measured in total market cap have resulted in drawdowns of double digits or more. With Bollinger Bands trading at the top of the range for several days we may see a short term return of the bears fueled by...

ChimeraHoldings

Perpetual BTC futures contracts have been overheated since mid Nov. We are in need of a leverage flush. Pay down your margin, be careful when buying the dip dont over leverage. Calling for lower 36k here in the short term then possible slight rally back up. High OI on Jan 28th expirations suggest more leverage flush outs to come.

ChimeraHoldings Updated 

Cardanos recent breakout is being attributed to the upcoming and highly anticipated release of SundaeSwap. SundaeSwap is Cardanos first DEX and could be argued that it is the first real sign of utility on the network. For those that have been in the know for a while, Cardano has had a myriad of projects deployed on its network, all with varying degrees of success....

ChimeraHoldings Updated 

New Omicron news, DXY falling, Futures up through Sunday, BTC climbing. Should be a good week

ChimeraHoldings Updated 

BTC showing momentum shift on the stochastic RSI as well as the MACD on the daily timeframe. This momentum shift may be enough to finally push it past its 55.5k resistance level that has been pushing the price down for weeks now. Hopefully we get some fireworks heading into the weekend!

ChimeraHoldings

ADA continues to bleed. Profits tend to favor the strong hands here. The question is how long can you last? I truly dont see any swing in momentum until q1 of 2022 and we start to see ADA projects materialize and actual adoption come out of the shadows. Until then, expect more of the same and a lot more chop. Black Friday sale of the year is ADA trading below...

ChimeraHoldings

With Fed. Chair Jerome Powell being confirmed once again, its all but confirmed that the rampant money printing and destabilization of the dollar will also continue. As inflation continues to become more and more unmanageable, people will continue to pile into fixed supply assets that will historically beat inflation. $SPX continues to show how overheated equities...

ChimeraHoldings

BTC looks to be on sale in the coming days. Approach this weekend with caution if you’re re trading short term action. I would personally sit this weekend out all together. This comes from a combination of positive funding rates on-chain and a slow bleed over the past 24 hours leading into the weekend that has traditionally been red. This price action...

ChimeraHoldings Updated 

Happy Thursday Everyone, I thought I would share a quick update on BTC from several perspectives. I track traditional equities and macroeconomic trends as closely as I track BTC and Ethereum so I hope this analysis adds a little value to your research. Its almost impossible at this point to find a single notable bearish metric for BTC or Ethereum from a...

ChimeraHoldings Updated 

Sideways and more consolidation continues as top coins like BTC and ETH continue to steal the show. ADA remains stuck in long accumulation. ADA could see a test down the 200 moving average around the $1.80 level. I remain bullish through Q4 however ADA is desperate for either a catalyst or an increase in demand from upcoming DeFi projects launching. Until then,...

ChimeraHoldings

Congratulations to all how have held through the summer madness and stuck to your convictions. If you’re just joining the show, you are most definitely not too late. Aside from ETH breaking new all time highs, it continues to set new unprecedented levels in other metrics as well. From a fundamental perspective -Hashrate currently at all time highs -Illiquid...

ChimeraHoldings

ADA still appears to be in a long accumulation phase with no signs of price movement to the upside in the near term. We could see a short term test of the 200 day SMA and up to another 18% draw down. While other assets in the digital space are entering price discovery, many retail investors will be looking to rotate into higher cap assets as the FOMO starts to...

ChimeraHoldings

Current price movement shows ETH moving towards a test at its final resistance before attempting to enter price discovery. Historically, these attempts take 2-3 rejections before breaking to the upside and flipping final ATH price zone into support. Q4 shaping up to be interesting for the entire digital asset space.

ChimeraHoldings

Expecting some shorts to open up and a short pullback to retest the recently found support before breaking past BTCs final measurable resistance level. Liquidations in these shorts could cause even more of a violent move to the upside in the coming weeks.