bharat_nft

bharat_nft

ARKK has gotten destroyed this year, but it's showed signs of bottoming after three green weeks. I think growth stocks have done enough correcting. SPY is at all time highs, but big names are still 40%+ off their highs in ARKK. I think after omicron becomes endemic (this is going to happen in 2-3 weeks), everything starts to go risk on again. ARKK and crypto are...

bharat_nft Updated 

ETH is internet money after the NFT craze. DeFi and ETH have not gotten much love, lots have went into other L1. it's been a pleasure ranging with you, but it's time to go up

bharat_nft

Since bottoming in July, we've followed a 45 day uptrend of around 70%, followed by 15 day downtrend of around 20%. This goes 90k, 72k, 115k, 100k, 150k top, then back down to 72k bottom in May.

bharat_nft

If you are of the opinion that we're in a bull market, then you should have DOGE in your portfolio. Bitcoin performs better in a bear market, but it underperforms doge by a long way in a bull market. DOGE has been doing this consolidation song and dance since the bottom of March 2020. Big pump (9x), then 50% retracement, consolidation, big pump (8x), 50%...

bharat_nft

It's kinda spooky that it's almost exactly a year ago today that we went parabolic with ETH and we're looking at very very similar conditions. If we do 50% of what we did last year, then yeah, $30k is my target for ETH. Here's how this can happen other than just looking at a chart. -Massive supply shock of the merge happening and more people being comfortable...

bharat_nft Updated 

$GBTC is currently trading at a 13% discount to the Net Asset Value (NAV) of BTC held by the Grayscale trust. I think this means institutions are still more bearish than they should be on BTC, and once BTC cracks $50k with strength, they'll be rushing back in to buy a product like GBTC. Many still don't want to deal with the custody/security headaches of holding...

bharat_nft

ETH got rejected from the resistance at around $250. If it broke that, I would look at the next resistance at around $270, but that wasn't the case. I'm still overall bullish about ETH, but I do think there is some room to drop before volumes return to re-test $250. Would love to know other peoples thoughts too, I'm comparing the chart at the attached link to...

bharat_nft

I'm looking for a bounce at around the $370 range. Last time the RSI was this low in the 1D filter, there was a bounce in between the 0 - 0.236 Fib level before it dipped even further down. I bought at $375 and I'm looking to sell at $400, $420, and $445 if we can get there.

bharat_nft

Using MACD and RSI and 200 day MA are usually enough for me, as I don't day trade. I'm monitoring the convergence on the MACD and I have a feeling that we have a lot of room to fall here. Watching the support levels at 7200 to see if we can bounce, and then below that as well. I'm not a fan of shorting this market at all, I either am long or out. As of right now,...