Ian_Carsen

Ian_Carsen

Not risk free by any means but worth the risk IMHO: 16:1 REWARD RISK

Ian_Carsen

2 buy levels are specified, various Take Profit (TP) levels are specified--TP will need to be chosen based on MKT behavior. Stop could be placed below current macro low for additional safety--very unlikely price will trade that low. Fundamentals behind trade include debased US dollar and Federal reserve tightening monetary policy, stunting growth of risk assets.

Ian_Carsen

Dominance is breaking down out of long term consolidation (finally). Expect a pullback, but this party is gonna rock da house! Eth (main driver of dominance) has been forming a bottom for some time now. As it climbs dominance will fall dramatically.

Ian_Carsen

Please see linked idea for rationale. I would be looking to go long for new ATH or do so at current prices

Ian_Carsen Updated 

Many Defi and NFT altcoins have indeed made insane gains, smallcaps have pumped while large caps have remained relatively stagnant. Ethereum in particular (10X larger than the next biggest alt by market cap, and 300x larger than many of the bigger pumping coins) has continued to decline dramatically relative to BTC, offsetting the rise of these smaller coins, and...

Ian_Carsen Updated 

Using the strength of various trends and levels in the chart, I'd expect a retest of the shallow upper purple trendline in 1-4 days before a severe correction. Exit near the test of said trend line, or after the short-lived bounce if the current trend line breaks down, whichever comes first. Unfortunately, the analysis is fairly advanced and cannot be explained...

Ian_Carsen

Good time to enter alts for the expected altseason when we get below that weekly trend line that price recently bounced off of. Doesn't look like BTC will go much lower at this point.

Ian_Carsen

Bitcoin just hit a very nice target level. I think correction is about over. We cannot get to 30% without beginning to invalidate the bull cycle, and history shows us we're about 1/2-2/3rds in or so, plus we haven't seen the mania yet ;) We will likely trade sideways for some time. I wouldn't expect the price to drop more than 4% from here in the extreme case.

Ian_Carsen

After stalling out and notably failing to increase significantly, it looks as if a massive alt season may be ahead as bitcoin heads sideways for awhile as a result of this correction.

Ian_Carsen

Bullish Gartley Pattern--Fairly self-explanatory I think. Long at the 0.786 Fibonacci level. Support is there as well

Ian_Carsen Updated 

All my alt positions suddenly took a dump. This is because bitcoin is about to begin the next bull phase. Altcoins will underperform bitcoin. Sell, return when bitcoin's advance starts to slow. There is a lot of conviction evident in the volume behind BTC's run up over the last few hours. People are rushing to get in while they still can at low levels it appears.

Ian_Carsen Updated 

Fear not! The buyers are strong. There is significant buying interest at these levels. "Stopping volume" as I call it--see how spikes in volume tend to stop moves either to the upside or downside? Move will soon reverse, and more importantly, bull market will resume because the selling pressure is becoming exhausted, and all those who are waiting for entry plus...

Ian_Carsen Updated 

Kucoin is a full-service exchange which does NOT require KYC and is open to US residents, sporting 0.1% trading fees and lower--(compared to CoinbasePro's 0.5% fees, or regular Coinbase's 1.5% fees!). It supports 10x margin spot trading, using the dollar value of any assets placed in the margin account as collateral. It offers perpetual contract future trading,...

Ian_Carsen

With the world's central banks printing funny money at a rapid clip With much higher lows and almost higher highs With RSI diverging upwards With gold having consolidated for an extended period, holding gains at all time highs, We're moving up buddy. Get onboard!

Ian_Carsen

It's eerie how consistently this cycle has compared to the previous one thusfar. The exact price action varies, but the timing is spot-on. Wow. The % figure is unlikely to be accurate, and was created by applying the ratio differential of the previous advances to last cycle's run. Will work on these numbers. The expected peak is somewhere around...

Ian_Carsen Updated 

1) Correction is now at 27%, which is about what we can expect for a severe correction based on the last bull run, where corrections of 20% and 30% were most common, with one 40% correction. 2) Based on volume analysis I believe the scene is ripe for a rebound. There have been 3 high-volume events, which in my experience is about typical. Volume has also been...

Ian_Carsen Updated 

Because BTC is done correcting. Check my linked idea for the reasons to go long BTC. Plus we are at an important support level for Ethereum specifically and wow, what volume! Lots of volume usually starts or reverses a move. In this case reversing. Look for ETHUSD to start breaking the grey trendlines. In fact, long :USD!

Ian_Carsen Updated 

If you were too fearful to buy at the absolute bottom, here are some potential scenarios. If price goes above red arrow, correction over with extreme confidence based on my experience and technical theory. Buy any retrace. See my linked BTC idea for buy at the bottom. Volume still rising nicely! Correction over as far as I can tell. I am very, very long personally...