mysticalwalrus

04:29

mysticalwalrus Updated 

Hey everyone, I recorded a video quick video so I wouldn't have to type a million words. I told you previously that we were waiting for a bear market rally, and we got it. Everything else is in the video. I will be back in October when my studio is set up at my new my place. Thanks again!

mysticalwalrus Updated 

Hey everyone I want to make this short and sweet because I want you to see this but I do not have time today to put out the companion video with it, but I will either tonight or tomorrow. I wanted you to see how this pattern is almost the same inverse head and shoulders print as before, however the last time, the pattern failed and fell into a choppy...

mysticalwalrus Updated 

Important things to note: This is just a small update with small adjustments to my targets. If you would like me to make a video version of these updates, let me know in the comments. A quick video overview of BTC and the markets would be easier for me to put out more often via video. We are currently going on our 9th red week and I have to be honest, I just do...

mysticalwalrus Updated 

Important things to note: BTC has been sticking to my area of interest very well. The correlation to QQQ has been dropping little by little since May 12. BTC shorts vs longs look good. Funding rates have been neutral. I noticed similarities with the May 2021 fractal and our recent drop. The lower end of the fractal would touch 24k in BTCUSD terms which is...

mysticalwalrus Updated 

Important things to note: I do not to expect the bloodshed in the markets to end anytime in the near future. The credit market is still looking rough, inflation isn't great, supply issues continue. The Fed will need to keep a hard stance until they break something, or see inflation at a level they can deal with. BTC will stay correlated to QQQ until either it...

mysticalwalrus Updated 

Important things to note: There are actually reasons to be short term bullish right now, yay! Bullish Divergence is building right now on the lower timeframes. Falling Wedge should push price into my box. Watch for creation of inverse H&S on push up. IH&S would likely lead to retest of top trendline. Price is holding up well given the circumstances. Large buyers...

mysticalwalrus Updated 

Important things to note: My last target was hit perfectly, but I expect some downside now. Do Kwon propped up the market the best he could however the demand was not there. Spot demand looks a lot better but derivatives are going to push the price down. US10Y is pumping like crazy due to a sell off of bonds. This can be caused by the fact the US can just...

mysticalwalrus Updated 

Important things to note: Macro environment does not look great. Fed raised rates 25 bps (not a big deal). Fed likely will raise 6 more times however market likely priced in rate increases. Recession will likely follow, should be seen by Sep and reported on at years end. Commodity prices are flying. BTC supply low, demand is increasing. Volume increasing. Price...

mysticalwalrus

HBAR has been an asset that has been beaten down for awhile now. However, BTC and alts are looking good in general at the moment and I expect HBAR to do the same. Right now we see divergence in RSI and a price squeeze that has pushed the price up with the help of BTC (or the BTC LUNA purchased lol). Tell me what you think? Not financial advice. Do your own research.

mysticalwalrus

ETHBTC has set itself a double bottom which is a strong reversal signal. We have seen the breakout from the trendline with a successful test of the 50MA and the trendline itself. The 50MA has been rather troublesome of late for both BTC and ETH. Here we can see a clear indication that green days may be ahead for ETH and alts in general. Strong alts will likely do...

mysticalwalrus

SOLUSDT is heading to my buy zone for accumulation. Shorter term trades will close at profit taking areas on chart. Price action has formed large descending wedge for some time now. I expect PA to reverse course soon.

mysticalwalrus

Important things to note: I am going to start posting my main market overview in a BTC chart instead of cramming everything into an ADA chart. I will be posting alt charts throughout the week (this just makes sense structurally). BTC looks rather good from every angle (on chain, technically, and in the macro space). I bet in early Feb that BTC was going to 53k in...

mysticalwalrus Updated 

Important things to note: BTC has swept the lows, yet there is no sign of a liquidation candle. This leads me to believe there is no fuel and the open interest you see are FOMO shorts. Since they are collaterized with stablecoins, this makes sense. So like I said before, I believe we are at a bottom at 40k for BTC. I also expect the bears to be punished next...

mysticalwalrus Updated 

Important things to note: BTC either near a bottom or headed to 32k I believe it is near a bottom. This does not mean price will just go up. Retail is almost completely gone. ADA price traced BTC perfectly with a test of support during BTC 54.5k level. ADA price hit strong support during the wick fill for BTC. This is similar to what happened before with my...

mysticalwalrus Updated 

Important things to note: BTC is sitting in no mans land between 42k and 53K. BTC is below 50W MA (Short term bearish). ADA hit previous target perfectly then was rejected due to BTC. ADA has a few places to go. Right now it can be assumed ADA is following BTC to next support. If BTC goes to 45.5 ADA will head to blue support line. If BTC goes to fill 42k wick,...

mysticalwalrus

Hey everyone! So LUNA has moved quite a bit since I first reccommended it as a buy early September due to their upgrade which made LUNA even more deflationary. This is when I entered personally, and I also picked up more during the liquidation event at the beginning of december. Obviously, this has worked out for me and whoever decided to pick some up for...

mysticalwalrus

This an asset I have been DCAing into and will continue to do so untill I see the breakout I am looking for. Previously there were 2 attempts at a breakout which were denied by BTC selloffs. However, it is clear to me that MOVR wants to move. It is sitting at its strongest support level right now and has no real reason to travel too far below the buy zone because...

mysticalwalrus

Besides the fact that Clover Finance is a solid project, it also won DOTs parachain auction about 3 weeks ago. You can see from the chart this asset has been in an extended accumulation phase for sometime now. From a glance at the chart, despite the price going down during accumulation, you can see strong amounts of buying going on here with peaks far above the...