GrayAtreides

GrayAtreides

A trend 20 years in the making suggests we are a month or 2 away from a stock/crypto rally. So what are we waiting for? SPX is still making lower lows, but may put an end to that this week. If so, it can start an accumulation phase. Meanwhile, BTC has managed to confirm slight higher lows, which is displaying relative strength to the stock market and has already...

GrayAtreides

Most people mock this idea, but as you can see, BTC dominance continues to be extremely weak, even during this bearish cycle. There is a whole new generation of alt coins (metaverse, projects on newer chains, etc) that are just waiting for the green light to go absolutely wild. Projects with fundamentals like you've never seen, that have never received the...

GrayAtreides

We do not close below this moving average often. But when we do, chaos ensues, in both directions. I started laddering at 33K just in case that so happened to the be the bottom, but holding some reserve in case chaos does in fact ensue. NFA, just my own decisions.

GrayAtreides

Even if the market isn't finished dumping, this show of strength tells you what is coming on the next pump cycle. I can only show you the door, anon.

GrayAtreides

So the S&P rarely breaks the moving average it is currently sitting on, but when it does, there is massive pain in the crypto world. If you're not already in the market, a scary support line is a great opportunity, but make sure to hold some reserve because if it breaks and we have a catastrophic dump, that is what you REALLY want to get into. My prediction is...

GrayAtreides

OK, so what are you looking at here? We have fallen through many lines that technical analysts might use to define support. Almost all diagonal trends (except one very long one not shown here) all the key moving averages and some horizontals. Where we are at now is THE support horizontal. I'm laddering in here. If it doesn't at least bounce from this zone then TA...

GrayAtreides

Right now, the crypto markets are tired. When the stock market is rising, crypto just holds on. When the stock market dips, crypto responds in kind. As a crypto holder, I keep SPX on my radar to get a view of how the stock market is doing. So, am I seeing anything here to make me worry? Absolutely not. After the news initially broke about inflation not being...

GrayAtreides

If you're looking for solace in these red times, look no further than the king of alts, Ethereum. This is still a very bullish pattern, despite BTC breaking a key weekly moving average.

GrayAtreides

This is another favourite of mine, what you need to ask yourself is if you can overcome your fear?

GrayAtreides

Will Fantom ever be this low ever again? Or is this just the beginning of more to come?

GrayAtreides

This would be the very definition of buying low. Dumping lower than during the big May dump.

GrayAtreides

This is either the end, or the start of the next run. Step right up, don't be shy, place your bets! I say, it is just the beginning!

GrayAtreides

Within the next few hours we will either get the best Q4 market opportunity or we will break out and not look back. I dare not look away!

GrayAtreides

So much bearish divergence. I am looking to take profits and reposition on the next dip before we blast through ATH. Thats just what I'm doing, what are you doing?

GrayAtreides

That was sarcasm by the way. Thank you DOT for proving that strong alt projects are very much alive and no, BTC dominance is not 'too high'. Expect more of this from more great projects for the rest of this year, and don't forget to take profits/tip your bartender.

GrayAtreides

Please note the strong support and the narrowing of the EMAs on the daily chart, as well as the bullish divergence and break of trend. You should of been positioned any time in the past few days and making good profits today. The market gave you so many chances to get in, it is actually too generous. Next time, take positions on key supports, if they fail, you...

GrayAtreides

Personally I am extremely bored right now. I have positioned myself exactly where I want in the market. Good entries at range lows, and I'm waiting for the pump and researching IDO, IGO and NFTOs and microcaps. Oh its coming. Be ready.

GrayAtreides

In a perfect world this bearish divergence will play out and we will retest 40-41K but we'll still get a weekly close over 40.5K, so continuing to be bullish. Give the alts a breather, get some great buy entries off of long term trend breaks. Make bank. NFA, just dreaming out loud.