KNC Long Idea after dip into green zone. Possible cool off period required however, been going strong for quite some time.
There is a chance Matic wont move for another 50 years at this current rate but looking to enter long on a dip below the equal lows. Then, and only then, shall we go to the Moon.
It kind of makes sense from here that we continue lower but there is also merit in taking a speculative long here - id rather that than fomo at 65k (yolo). Perhaps some sideways action while ALTS start to pump also not ruled out. 6 Billion expiring in Bitcoin options tomorrow, popcorn at the ready.
.5 retracement level might be a nice level for a long seen as we will sweep equal lows in the process. Failing that I think we head to the blue box. if .5 does hold and reclaim last months high, we are back on the moon journey.
My bias is for up - failing that: down. There isn't much more to say.
Two scenarios I can see playing out for Bitcoin longs and watching the green rectangle if both fail.
Just missed out on this as didn't get a sweep of the low I had anticipated. Could have entered on pullback but actually forgot tbh. Good to see it working out otherwise.
ETH/BTC looking decent. Hopefully see a little more sideways of ETH and then moon - I also think this will bode well for the ETH Alts making a little mini market for itself while Bitcoin does nothing apart from liquidating for March. If this is the case, it would also bode well for the Defi Index perp which you cant really but be bullish on for the long term....
Market structure of Ethereum is different to Bitcoin and many of the ETH related ALTS are still doing quite well in comparison to many non-related. I think my next few trades over the coming weeks could be the ETH?BTC pair which so far has been disappointing. ETH really needs to start going out on its own here and when it does, 10k hopium is not so far as it may...
Closed previous long for small profit and now short from 50800. Levels I have highlighted are where I think we are going but only up is on hold for the month of March IMO. Shakeouts are major element of this market where liquidity is hard to come buy, which is why many people end up regretting selling too early. If the top is in, at least there will be a HTF...
If 12080 can turn support after brief pit stop, I think momentum can continue to carry this onwards. Hard to see anything but only up for the defi index anyway. Until the SEC comes along that is but, yolo.
Not too far off where I had bottom before full send. Long it to the ATH.
I know ETH is going to 10k but further down from here would not surprise me. Bitcoin looks much healthier imo.