Mansasuma

Mansasuma

- almost a six-month long consolidation - once breakout is confirmed, LINK easily reaches at least 20$ - staking coming in December

Mansasuma

- 2D golden cross about to happen - no matter if BTC goes up or down, UNI likely outperforms it until the end of the year - you could say UNI/BTC has been consolidating within a macro bull flag

Mansasuma

- a beautiful multi-month distribution range has broken to the downside - a drop to at least 1400ish is expected, possibly lower over time

Mansasuma

- since mid July my main thesis has been that the 18 - 20k region is a macro bottom for Bitcoin - have posted several analysis on why, at the time, I believed that to be true but it seems those forecasts are going to be incorrect - a man can only admit when he is wrong - full confirmation of a breakdown with 2 1D closes below the white dotted line - final target...

Mansasuma

- stocks have been in a decline for almost a year now (see past analyses where this has correctly been predicted) - despite that VIX, a measure of stock market´s historical volatility, has barely moved - this is in stark contrast to Q1 2020 when it experienced a massive surge - with volatility on VIX very low that implies a sharp move of (likely) similar magnitude...

Mansasuma

- despite most markets looking weak it is unlikely BTC falls much lower - make no mistake, this should be an extremely powerful buy signal - because it is a biweekly signal chances are bullish price action will take a while to develop

Mansasuma

- an update on this analysis: - we got the volatility expansion to the downside from the 30k region and so far everything is on track for this being a big macro bottom for Bitcoin - pretty likely September is going to be a slow month and that the real bullish environment begins in October - markets do not repeat but they certainly do rhyme

Mansasuma

- DXY had an incredible run since it got a golden cross on the weekly: - now however, with inflation fully priced in and seemingly peaking as well as US midterms coming up it is very likely risk-on assets get bid once again

Mansasuma

- update on this analysis - good things come to those who wait

Mansasuma

- target has been reached: - up only for a while for most markets

Mansasuma

- not a forex trader - eur: usd parity is everywhere: twitter, news, random subreddits - there may come a day where dollar is indeed worth more than the euro but it is not today - looking for a sweep anywhere to 0.95 - 0.96 followed by a reversal epic eur bounce.exe loading

Mansasuma

- update on this: - bottom in for the short - mid term - you short, you die

Mansasuma

- at a time when Coinbase let go 18% of its entire work force, CZ himself announced 2000 new job openings - Cristiano Ronaldo partnership is kinda cool as well - fundamentals in alignment with technicals = profit

Mansasuma

- an update on my last analysis where I stated Bitcoin is likely to drop one final time from the 30k region and soon after find its bottom - bullish confluence on the biweekly timeframe is incredible - ideally we get one more test of the lows, should we get it, that is going to be an amazing buy opportunity - looking for BTC to trade anywhere between 40, 50k in...

Mansasuma

- update on my last BTC analysis that I made a couple of days ago - TA aside, this is what peak fear and pessimism feels like: stETH issues, USDD potentially de-peging, inflation at ATHs, FOMC hiking rates in response etc. - to spice it up rumors of Three Arrows Capital blowing up, Celsius in risk of collapsing as well - market is very close to a macro low but...

Mansasuma

- to preface, h&s patterns have an awful hit rate historically - if one is bearish on BTC obviously ETH will go down as well but to what extent? - the only two things that make this scenario somewhat possible: 1. weekly volatility incredibly low 2. stETH having big issues (currently at 0.95, the peg is at 1$ even)* *LUNA crashed because of severe UST de-peg

Mansasuma

- my thesis throughout the entire 2022 was that BTC is in a bear market and that it is likely a low will be put in somewhere in the low 20k region - striking similarities with 2018´s capitulation - FOMC meeting on the 15th, expect volatility expansion to happen around that time at the latest I am a big buyer of everything that is tradeable on an exchange come...

Mansasuma

- target is roughly 50$ which means more than a 40% drop - confirmed if today´s daily candle closes below the magik line