I'm gonna praise Gold time to time with this chart. Gold is the ultimate GIGACHAD The time window is narrowing to wake up about Gold. "Golden" age of humanity doesn't look so bright nowadays. "Golden" age of trading might be in trouble too. Make your money however you can by trading anything. Trade your time, trade your goods, trade your imaginary currencies...
Most of the mistakes in trading comes from overcomplication. Here is a super simple ETH chart. It's all you need. Macro trend is up. It's above the macro support. We are trending above it. Don't ignore the most basic signs of strength in this chart. Because of a little deviation, because Barry selling because Vitalik lying or whatever. Most people don't...
I'm still long in crypto. I'll be going all out very soon. I've recently shared some bullish ideas about SOL macro chart. But I've changed my mind. SOL will be one of the leaders of crypto's distribution phase. "We just need to cool off for the next rally" phase is pretty soon. Shorting SOL at 90s. Just sharing so you can counter trade me.
Another follow-up idea for TRX. I won't stop being bullish on TRX :D Bought more TRX today.
Good. They can push until you think he is not. I bet very few people have paid attention to this chart lately. Although it is one the best.
This ugly uptrend will be followed by an ugly downtrend after a distribution phase. Those big guys who you think will buy Bitcoin in 2024 will sell it to you in 2024. No Bitcoin ATH. Yes euphoria. Yes altcoins. Before the final destruction.
In my bearish thesis, coins have time until 2024 summer. There are some good altcoins that will go up only until then. And there are some like MATIC that shows what's about to happen. MATIC chart is really interesting. A chart like social experiment :D There is no way you can be macro bullish about this.
A while ago, around 2k I said ETH will go to 2500 soon. It almost did. Then I said I closed my position and "I feel like I'm not missing a big opportunity here." I think now is the time to consider the bearish possibility. I bet your favorite youtuber is almost 100% sure ETH/BTC has bottomed. And you are frustrated ETH didn't move much in this bullish...
I've shared many "hopium" charts for crypto bears, about bearish turnaround around the summer. Some time ago I've said Bitcoin short ETF chart is dead. It cannot always be dead :D So I say, regardless of the price, wait for the summer if you are a bear. Then you'll probably be fine shorting anything crypto related. Short corn, short outperformers, short miners......
I believe in the coming years Gold will heavily outperform Bitcoin. You know those rainbow charts Bitcoin maxis are so proud of? What does it actually mean though? Doesn't it mean that Bitcoin is losing momentum over time? Ever wondered why? Bitcoin has many fundamental and technical problems. That's why.
Have a look at classical redistribution schematic. You'll be amazed how similar this is. 2 possibilities. One last up thrust or it's over for BNB.
My thoughts on ETH chart. This might be a good time try an ETH trade. Fundings were reset across the board. Boring consolidation after a trend that most of the retail wasn't really interested in. Maybe they will be interested above $2500.
This is a follow-up idea to my previous TRX idea here: I'm not a big fan of pennants, flags etc. But when the macro chart supports the idea, when the environment fits they have a good chance of working out. So we will see.
I've been confused about Bitcoin for the last few weeks. I think this may be the start of a new macro range. For now I can see a move to 37s. It's a buy for short-term. But we need to see the range for the long-term. IMO Bitcoin ranging below 45k isn't a good look for the macro chart.
I'm bullish on altcoins generally right now but I believe a strong corrrection is likely for SOL. Shorting is almost always the more risky trade. Especially in these conditions. So...
Here is a little idea for the end of this wave. It needs to be quick and scary. Like a true bull run scare.
Because you're looking at a very close range. It's not your meme coin to chart it on 4h timeframe or anything. Gold macro is bullish af. I understand the frustration about being a bad inflation hedge since like 2011. But it's our precious shiny metal for thousands of years. Don't be bearish about it. The gold breakout will be epic.
I wanna talk about a number that I see everywhere right now. 48k. First I wanna say I am macro bearish on Bitcoin (macro chart). And I'm still net long on crypto. ETH long, BTC short. Because I don't know when the macro turnaround will happen. I can only see it after a big top is already formed. Just stating this because I guess people misunderstand me. Now,...