VIX - UPDATE So far VIX moved according to our plans.
Where we are:
- touch of triangles bottom
Where we are headed:
- If we break that trendline - we will move towards the bottom curve
- If we bounce from here - the top curve shouldn't be a resistance anymore - and from there a brutal drop in stocks and crypto
Crutial beginning of week and upcoming CPI results. Monitor those 2 areas to eventually breakout.
Secretguy
AXS - I'd wait a little bit longerThe breakout of the wedge is ahead - for both low and high timeframe - but before we break out, Momenter is signalling a rising bearish momentum which would make sense as to finally hit the $11 area which is a strong support - price didn't touch it yet and it would be a pretty good area to long - Keep your eyes on it. If we break out to the upside, 28-30$ is an easy reach if BTC bounces aswell.
BTC MidTermThis drop caused by FTX SPOT selling scared the market, but we are totally exhausted at support - this wedge got now filled and it is likely to go for some relief - although won't go as high as expected. Most likely highest will be retest of local tops at $23-$24 k.
Will turn bearish once we reach those levels.
SPX/VIX - Very Important ChartSPX/VIX has been signaling all the best buys and sells for the past few years and it will be a very crutial chart to look at when willing to invest. Here we can see all trends reversals according to stocks and markets sentiment. All touches of the green area have been a great buy opportunity and as you can see - we are nowhere near it yet - sentiment is still heading there.
Right now moving in a curvy channel reversing to the upside - we need to monitor if the chart will bounce within that channel up, or cross it.
Crossing it down will signal a strong bearish momentum and we should act accordingly.
All SPX/VIX dips are marked on BTC aswell - you don't want to miss it.
BTC - long termHere we have the only 2 curvy supports that I take into account - We are now sitting on one of them which suggest we could bounce just to show some resistance - therefore it is wise to DCA here for at least a small bounce. The other support is my all-time curvy support - Respected by the 2012 and 2015 bear market and also by the Covid Crash - going lower will change history as we know it - and potentially the future of Crypto as we know it.
Therefore my plan now is to DCA where we are, next crutial level sits at $13k-$14k.
Sadly I have my expectations of hitting it lower, but I must see the fundamentals leading the price that low to be able to judge them - for now we only focus on those 2 areas.
Cheers!
BTC - fractalI admit it - I have been trading many fractals and they have been working out many times - The only thing you need to recall each time is that context needs to match the price action. In this case, both indicators and fundamentals suggest a move to the upside - here a fractal side of things confirming such movement could happen. We will track it and see how it performs.
RARE, but common chartFree Alt Analysis. This time RARE.
RARE is still degrading, but also getting to the bottom of the curvy trend. There is plenty room to go both sides - but Daily looks exhausted on TrendExhaustion, HighsLows and RSI - VolumeTrend is still bullish and we are dancing on support - it is likely to go for $0.275 first, and judge from there if we are headed for the top of the curvy trend or bounce down.
This idea would get cancelled if we cross the local trendline down - retest of lows of the curvy trend would create another great opportunity to DCA.
VIX 2008 vs 2022 sentimentHistory doesn't repeat, but does indeed rhyme - and same happens with human sentiment. Because VIX is a representation of it - we can see something similar happened along the lines of 2008. We all know a a drop is coming - we don't expect a bounce before though - and it is that bounce which I'm predicting to happen soon - and will turn bearish when it happens.
Tezos - Wedge broke, but...Tezos Has been consolidating since it has broken the big descending wedge - And I would be bullish, if it wasn't because of Whale Money Line (on Trend Exhaustion) reaching a really high level lately. We still have time until those curvy high and lows reach the bottom of those curves (Very close!) and a breakout will be imminent. If it is to the downside - it will be just to retest some supports within a fakeout - Broken wedge target sits really high. Good buy spot.
ETH - Decisive situationNormally my ALTs ideas are published as private, but will output this one out there so you get a sneakpeak of my reasoning.
Ethereum is in an almost bullish place - We have 2 big descending wedges here - the bigger one which got faked out to the downside and price got back in, and the lower timeframe one, which got broken during last consolidation. My reasoning here is the next one: BTC/SPX seem to be consolidating and willing to go up, SPX and VIX are backing up this idae. Monthly results like NFP are also bullish for the markets. Technically, Ethereum can now move in either of the 2 ways - directly to the target of the smaller wedge - which would be a breakout of the big wedge, or go for the retest of the smaller wedge and then retesting the top of the big wedge again. Withough fundamentals leading us down (so far there is nothing new on the horizon ) the bigger wedge could get broken - and it's target sits at 4,000$.
Really great time to start investing in ALTs, in case of a drop - sell them and rebuy lower, but the opportunity for a last bull run sits before our eyes.
Good luck!
BTC - Last Minute!Although I have been one of the biggest bears for the last few months (and still am in the long term) - I see a big bounce upcoming which will be driven with disbelief and scepticism. Other than exhausted indicators, which I have mentioned in my previous ideas, we are additionally on a strong trendline/support and the consolidation is only predicting big volatility. Another aspect that makes me bullish is my theory of Long Candles like Long Candles. Long candles tend to be corrected - specially on supports and resistances - sooner or later. Here we have 3 big H4 candles that haven't been corrected in any expected (by me) way and that only suggests tension accumulation. Too many aggressive drops in a short time.
Expecting a green strong candle soon.
BTC/SPX relationshipCrypto is trying to hold the area it is in compared to stocks - holding the support and trying to form a double bottom - Too early to say it is successfull, because fear is still out there - but it is a really good spot to start DCA'ing into Crypto as there are high chances of bouncing up even stronger that stocks will - and that is mainly because when investors will open up to the idea of buying in, they will go big time into risky-assets. That's the idea.
DXY doesn't want his fateDXY is a clear situation to me - It still pushes up but that is going to get corrected big time - Either it will try to push to the top of the uptrend channel or will start correcting from here. Question of time. Bullish for stocks either way - no fundamentals are backing up further DXY rises other than fear. Justified fear, but too early yet for it.
BTC Replaying 2021BTC is doing the same thing it did in September 2021 - Triangled triple bottom on support. Apart from Weekly divergences pointing to 26-27k and indicators exhaustions with room to the upside - this is an additional pattern being re-played.
Today NFP - Expect anything, but for sure a bounce to the upside soon.
Cheers!
BTC taking it's timeBitcoin is consolidating in vulnerable areas to test out the market. This range right now is happening in a very crutial trendline formed by COVID's fall in 2020 and last local bottom - If we lose this one, we are open to a free-fall. But on the positive side - all indicators are exhausted on H4 or oversold. I Expect Bitcoin to bounce together with stocks either after NFP or next week. Bullish Divergences are also being formed.