CryptoParadyme

CryptoParadyme

Bitcoin is obviously looking pretty rough. I don't think we're in for another 3 year bear market. Our real only HTF support past 38k is the prior ATH quarterly close. Not saying this will happen, but if we hit that level you btfd.

CryptoParadyme Updated 

Bitcoin has taken a pummeling from Elon lately. There's a few ways to look at this chart. There is a bullish case and a bearish case to be made. For the bulls. -2017 had many touches of the 20 WMA and it wasn't over until we closed below that significantly. -Yearly Vwap has held so far. Twice. -The on chain metrics are not yet showing large inflows into...

CryptoParadyme

After last week's whipsaw I see a bunch of frustrated bulls at the macro trendline. Huge call flow today.

CryptoParadyme

more commodities looking primed.

CryptoParadyme

Commodity cycle I've been talking about has been starting. Sugar just breached monthly resistance and every other commodity is going wild.

CryptoParadyme

Large bull flag, dipping to back test weekly support would set it off.

CryptoParadyme Updated 

I'm eyeing this nice gap. Price inefficiency from the tesla pump. Combined with the largest bear div in bitcoin history on the 3D chart. I think there's a solid chance we see some bud here. Not shorting, but getting ready for a dip.

CryptoParadyme

FTX is about to burn 5 million dollars worth of tokens and FTT just had it's most sizable correction in weeks. Not sure I want to buy here yet as bitcoin is overdue for some correction and FTT tends to follow.

CryptoParadyme Updated 

Trendline support with the anchored vwap. Obnoxious EOM option flow calling for 60-70. Bitcoin looking very bullish.

CryptoParadyme

That 1.618 is begging to be tapped. New weekly OTS pivot is bullish and I think this will break up out of the wedge.

CryptoParadyme

Technical move is to run the highs.

CryptoParadyme

maybe take a week or two.

CryptoParadyme

The panic pump of WSS has faded and silver is back to macro ranging. Someday it will resolve but I imagine range lows will be visited if we don't hold 24. I'm still long from november. Option premium starting to sting a little. Long term it's still going up. Yields need to stop going up so metals can do their thing. Ideally DXY bounces only a little further and nukes.

CryptoParadyme

Just wanted to note that for the first time the 70 EMA on the monthly has been a solid long term "buy the dip zone" since the 2018 lows. It may be months or years before it ever comes into play again.

CryptoParadyme

Measured move

CryptoParadyme

Not saying this is *going to happen* but it wouldn't surprise me if it did.

CryptoParadyme Updated 

Google for the schematic but I think this is the final rinseout.

CryptoParadyme

Bounce it to 136 ish. Option flow today on $135 calls.