D-ETH
💦 $MSTR filled (most of) the gaps [$BTC's time to get Bullish?]The power of gann fanns, fibs and gap analysis doesn't continues to impress me more and more everyday! Sure, one can't really know what the future holds, and this weekend and 2 next weeks leading into the Jacksonhole FED announcements might spill more blood in the streets, but in my best estimation, it's really time to start getting bullish again! The signs are there that the liquidity bubble is being filled, gap by gap. So if you're not accumulating at these levels, you're definitely making a mistake! What the video for more explanation of my thoughts on what we're seeing in the charts with technical analysis ... what follows is more of a soapbox brain dump than anything.
As I predicted last week, we were in for either one of two clear scenarios.
A) we fill the gaps up in the $300-350 range left behind in August. Or B) we fill the gaps down in the 200-250 range, which we were opened back in July. It was 50/50 which way we might go at my last estimation, and the market has decided to fill the punish the bull's this month a bit more, and keep the apparent bearing momentum driving home.
We still DO HAVE ONE **nasty gap** remaining down in the 100-120 range too, which is a 50% drop from current levels! OMG! Painful to thunk... right? If these gaps do almost always get fill though... mustn't it be accepted and acted upon as fact? sometimes they're filled in a day, sometimes in a month, sometimes in a year. Sometimes in 10 or 20 years... only when we really have a serious depression on hands... eventually! Hard to say... And so maybe we've hit the bottom for now, maybe we're not. But the closer we get, the strong the gap's magnetic pull might be... so... either way, as $MSTR is getting it's ass handed to them now with all the bad news, Michael Saylor lawsuits and more... it feels like maybe we'll get through the $100 gap sooner than later... and $BTC holders will suffer as a result, unfortunately. But tis' life. ACCUMULATE ALL THE WAY DOWN! and BE CAREFUL WITH YOUR LEVERAGE! DCA in and take your profits along the way on the pumps.
So where is the signal to get bullish in all this mess? Well. There's only ONE BEARISH GAP LEFT ON THE CHARTS. *Look* at all the gaps left now on the upside!. So we will see scenario B) play out, sooner than later. That's the reason to get bullish, ofc!
Anyway, it's the reason I'm getting bullish... since I believe that all gaps will be filled (market makers... make the market, and will move it back to where they've left liquidity on the table...) and i'm accumulating! I'm betting on it that $300-350 get filled. Also that we will see $390, $490, and all the gaps back up to the tippy top around $1200 filled as well.
Or is it just coincidence that Blackrock and other massive investment firms have been buying up $MSTR in massive quantities? Are they not just as likely pushing the price back down and scooping up our shares and FUDing us so we sell them ours? (I mean... don't you think!?). Look at the SEC filings; look how many companies now own more than 7% of the public float of $MSTR. Do you really think they're making a losing bet? I don't, they have deep pockets... very deep pockets. What feels like pain to us, is just stacking sats to them. The patient will win. And we all know there *is* a bright future for $BTC. Nothing, fundamentally, nothing has changed in that thesis.... at all.
Sorry for such a crappy write up... but my day's coming to an end. Wanted to share my thoughts... hope they at least gave you something to think about, even if you disagree. :) Thanks for reading! Be safe out there!
BRIEFING Week #35 : Zoom-Out to the Big PictureHere's your weekly update ! Brought to you each weekend with years of track-record history..
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Phil
ETHUSD back to Trading..We Looked previously at the question.. Where would YOU Re long..
The reason why is simple. We want good market value within the 'grand scheme' of things.
This means if you are looking to trade an asset up you must get the right price in its journey on the way up.
This means if you see an up move not buying AFTER it occurs.
Watch to see more!
Distribution signals flash at EU Open [$CRO, $MSTR, $BTC]EU Open today bring more sideways action for us all. +-1-2% moves over night, nothing much, all things considering. The market has clearly tightened it's range for the past 2 days, anyway. Volatility is still expected, as we remain sandwhiched between two massive gappers on either side of $MSTR current levels in the $210-235 $300-325.
$DXY continues to show strength, but given the double top, it's possible for a short-term reversal, if not a all out dump in September when the Jacksonhole rate hike announcements are made. Stay tuned!
My custom Accumulation / Distribution scripts are warning that the market is likely over heated (on the 15m scale), which aligns with the fact that BTC also rejected it's approach to the golen pocket formed from the most recent dump.
All this is to say, i'm still holding only my $CRO short position for the time being. Last night my take-profit limits only managed to cover 25% of my open position as I slept, when Asia brought us down into the .126 range before retracing back to current levels as EU opened.
With only 4% gains at the moment, it's nothing to write home about, but i'll be looking for good opporutnities to accumulate more shorts, as my overall thesis remains about the same as it was yesterday. Lots of resistence around the .13 levels for $CRO. And lots of resistence for BTC at 21450-21500 (golden pocket). Same like 282-285 for $MSTR.
Watch the $DXY! If it continues to rise quickly, expect asset prices to further collapse!
TA Update - No Livestream Today- BTC, ETH, DXY, SPX, NDXLittle bit of a video update since we couldn't do a stream today
Normie markets are retracing hard as Crypto is sideways building
liquidity to the upside and downside.
A bit of a no trade zone for me unless you're looking to short
the local resistance and long the support.
Downside continuation is expected however, I would still like
to see a bit more of a bounce to retest levels that we dumped
through quite hard.
Back tomorrow at 13.15 UTC for a Live Stream
BRIEFING Week #34 : The Dollar about to Range ?!Here's your weekly update ! Brought to you each weekend with years of track-record history..
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Phil
Ethereum (ETH) • The Fork rally & ongoing carry futures tradeIn this video I discuss the ongoing strong ETH rally and some of the components that is make it a very strong one.
ETH is hitting here some resistance in the books and there is aggressive short selling in the forward futures market (not the perpetual swaps)
The video goes through that is going with Futures and why it is in backwardation.
Everyone is very keen for the the 16th September and get those free coins from the fork... only to dump them after.
Expect huge volatility around those dates.
Watch the video for more details and HIT THE LIKE !
BRIEFING Week #33 : ETH/BTC ratio at important level !Here's your weekly update ! Brought to you each weekend with years of track-record history..
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Phil
The Great Depression 2.0 - Be Warned
MartyBoots here. I have been trading for 16 years and I am here to share my ideas with you to help the Crypto space.
Crazy crazy stock market sign shows that great depression 2.0 is on the way
BE PREPARED and DO NOT MISS THIS OPPORTUNITY
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If you want help trading Stocks , Bitcoin or any other ALT coins hit me up , We will improve your trading . Have a look at the link below
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ETH BOTTOM IS IN - Target $10k-$15k MartyBoots here. I have been trading for 16 years and I am here to share my ideas with you to help the Crypto space.
IF THIS PLAYS OUT THE LOWS IN ALTS ARE ALMOST IN
The ETH BOTTOM looks to be in and we in CryptoCheck intend to be prepared for it $$$$$$
LIFE CHANGING OPPORTUNITY
DO NOT BE LEFT BEHIND
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If you want help trading Bitcoin or any other ALT coins hit me up , We will improve your trading . Have a look at the link below
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