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$BTC + Stablecoin Dominance
I pointed out in late September that this was going to bounce.
▫️ Everything is now down 10-50%
▫️ We’re once again reaching the green zone
▫️ Time to start considering some spot buys
This is the DCA zone. https://t.co/B...
$SOL
I've been bearish on sol since 120 and now we are approaching zone where I will consider swing longs.
Middle of the weekly gap sits around 82. https://t.co/bgdf0U5OxK
$BTC
Unfortunately, with stablecoin supply dropping at an accelerating pace, I’m not even sure BTC has completely bottomed.
▫️ We simply need more inflows
▫️ Everyone seems afraid of an AI bubble collapse and is trying to protect their cash
We nee...
$BTC
Once people become certain we’re making new lows.
Once open interest has been completely wiped out.
Once we dive deep below the EMAs.
That’s when we start looking for swing longs.
This is a typical characteristic of a wave 2 in a fresh cycl...
Alts vs $ETH
Since ETH tagged 1500, it has been outperforming altcoins.
▫️ The trendline is broken
▫️ Altcoins are likely to underperform ETH in the coming months as well
▫️ If we tag the green zone, it’s a great area to load up on altcoins, IMO ht...
$ETH looks really good on a lower timeframe.
On the higher timeframe, though, we still need to break the bearish EMAs.
▫️ So far we’ve had 3 rejections
▫️ A daily close above 2400 flips it to full risk-on mode https://t.co/VLD9mfSNtA
Altcoin risk chart update
Custom-made risk metric once again doing its thing :)
▫️ Late September: extended levels reached, my main signal to start looking for shorts
▫️ Entered 3 big swing shorts on $ETH, $SOL and $ARB
▫️ Now the metric has droppe...
$BTC and Stablecoin Market Cap
Last cycle, BTC only bottomed once stablecoin market cap bottomed.
▫️ Right now, stablecoin market cap is still going lower
▫️ Not only that, the decline is accelerating
Without fresh money, there is no upside in cry...