chillcrypto

chillcrypto

I've overlayed the September 2024 low to our ATH and overlayed that on the most recent low. So far the alignment has been spot on, but shows we could have a rejection off of a downward trendline from our most recent high. The lower upward trendline is tracking with the local highs and local lows. I've terminated both downward and upward as a key point to...

chillcrypto

Just observing that FBTC is continuing to follow downward trendlines as it did previously in 2024 after the ATH. A strong leg up will likely break downward pattern as it did in November 2024. Also added here are 21 and 50 day SMAs. As well as lower targets should we 'hunt the gaps'.

chillcrypto

Comparing Coinbase vs. Bitcoin, does Coinbase RSI give us a better picture of liquidity and risk-on investing driving upward price action? Not financial advise, but at least from my point of view, when we get the Coinbase RSI 'buy' signal, then the big Bitcoin move is on the way.

chillcrypto

All the work to get above 100k and then confirm that support level has for the most part been lost at this point. Good news is that we have someone buying in at 92k which has been our support level. Bad news though is that we have broken out of an upward channel, and appear unable to regain it. For now, momentum is to the downside.

chillcrypto Updated 

Looking good so far. Waiting for RSI to reset. Risk of breakdown still exists down to 98-100k range.

chillcrypto Updated 

Combined market indices divided by DXY has accurately signaled market expansion and contraction for more than 30 years. In the 'Internet Bubble' timeframe, although a RSI sell signal occurred, the market regained lost ground in 2000 prior to a multi-year sell-off. We see a similar run-up, sell signal, recovery now. Is this time different? Or will we see a...

chillcrypto Updated 

From what I understand, these usually break higher, but do correct me if I'm wrong.

chillcrypto

Declining volume. Post-hype profit-taking. Greed index is at Extreme Greed. It would not be surprising to see us pullback and re-test our floor one last time. This is complete speculation. None of this is financial advise obviously. Do your own research. As a personal side note, I have added SBIT to my counter-play. I think at this level SBIT provides no real...

chillcrypto Updated 

On a day when Bitcoin recovered well, Bitcoin ETFs rebounded equally and Cleanspark rebounded significantly more, Microstrategy had a very muted response. Unfortunately this may be an indication that we have seen the parabolic MSTR run this cycle, and from this point forward, seems reasonable to pivot into another asset such as Cleanspark, Coinbase, or a Bitcoin...

chillcrypto Updated 

Remember April 2021? We were thinking about blue skies and Lambos and Jim Cramer exclaimed Bitcoin was the real deal and poof... summer of despair (part one). Are we setting up for a post-halving event pullback this year? So far these upward lines have been right-on-the-money indicators of resistance and support. We could come back and consolidate here, with a...

chillcrypto Updated 

Complete speculation based on prior price activity from the last bull cycle... Our current run-up could have legs up to 63k, followed by a supported pullback to 50k, followed by a resumption up through the end of the year. There would be many small pullbacks along the way of course. One thing is certain, we have entered timeframe of heavy manipulation by some...

chillcrypto Updated 

We are not yet breaking out... as an upward channel in play since November continues to provide both support and resistance. RSI is flashing red so it's TBD whether we consolidate here and then build the right shoulder of a head and shoulders pattern, retesting the lower trend line. Bottom line, 'Just say no to FOMO!' DYOR Not Financial advise, chart for fun...

chillcrypto Updated 

Not financial advice. Do your own research. GBTC shares along with Bitcoin have risen quite a bit from October. But as I stated previously, I began to move to cash very slowly to hedge my position (we still don't know how the market will react to the event this week). This week, the market was not thrilled with Grayscale's listed fees (from 2% now to 1.5% at...

chillcrypto Updated 

Complete speculation (NFA and please DYOR) Two areas in yellow I'm looking at are 39k and then 32k. Why? 1) large profits have been made recently 2) sell the 'event' scenario is being evangelized 3) many people missed the run so far, hoping for lower prices, and are still bear-biased 4) ETF managers want their funds cheap so their clients can make profit, (and...

chillcrypto Updated 

Now that we're in the 'present return season' Solana buyers are taking profits and will likely do so through the end of the year. On a daily we could get to $90, but the near-term target is $100 on the hourly. I'm a 2024 Bull but we are due for a nice pullback so that the rest of our crypto fam can get another opportunity to jump in.

chillcrypto

To my disadvantage I've only been in and out of Injective, not a holder. If we do not hold the $37 range we should have some decent entry points. The real question I want answered. Which asset will 10x in 2024? Is Injective a 10x candidate? For most investors, it is safer to assume a market cap of 50 will 10x than a market cap of 30. But when Ethereum was $750,...

chillcrypto

That's the question right? Assuming Bitcoin price is relatively unchanged, with buyers and sellers ahead of a reported ETF launch... Will we see another 5% prior to a pullback, or another 45-50%? The Solana-Ethereum valuation is close to the top with another 5-6% remaining. Will that be a catalyst for more profit-taking? What are the communities thoughts? How...

chillcrypto Updated 

And then when the ETF news is either announced or delayed, it really depends on volume and open-interest. My guess is we see an initial euphoria on the announcement, and then a pullback. But that's just a guess.