Not financial advice. Let’s cook 👨🍳
Joined August 2012
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Sometimes I forget about Tether dominance $USDT.D. That's a mistake. We have tapped the resistance above and this could coincide with the rally on bitcoin:native up to that resistance 90k+ before a larger pullback.
Still think we could get a cleaner triple tap or inverse H&S formation, but that would come later. Hopefully I am wrong on this part but it's been my thought since September.
Expectations for $USDT.D after this drop though would be quite bearish for crypto as it would have its own big move to the upside. Just gonna be a rough few months for crypto in 2027 imo.
Nasty weekly here on $CRCL. Fat candle down from our highest vol on chart. Been a clear signal for crypto for quite some time.
I don't think people pay enough attention to other charts that can provide clarity and confluence on overall market direction.
As someone invested in $CRV and hedera-hashgraph:native, I incorporate many other factors to get an idea of which way things are headed.
Take $CRCL for example. Super clean chart. Keep in mind, this has a larger market cap than every single crypto outside of the Top 8. Larger than $HYPE, hedera-hashgraph:native, $LINK, etc.
You can bet your bottom dollar when this goes, your coins go. Not saying you need to invest in $CRCL by any means, but use the info.
Yes, Chef Crypto retweeted
My biggest concern is that if there is a clean sweep by Democrats of the House, Senate and Presidency in 2028, they will:
1. Make DC and Puerto Rico states to gain a strong majority in the Senate.
2. Open the borders and legalize everyone living in America illegally to cement a permanent majority.
3. Increase the size of the Supreme Court to gain an immediate majority.
This would result in America becoming a permanent one-party state and the end of democracy in any meaningful sense of the word.
All that is needed to ensure this doesn’t happen is 51 Republican senators in 2029. That is why you should vote for Republican senators this election. Other reasons are irrelevant compared to this one.
My quick look at $INTC HTF here. Saw the big post earnings drop. Makes sense as price is now smack in the middle of that giant daily gap we had. No real support until we reach the blue box below which also lines up with some nice volume and the 200WMA.
Will set alerts for that zone and wait. @GuyMcSomeone @crypto_condom
It is time to pay attention $TOU.TO
It's time to pay attention to energy again. Some of these charts look absolutely primed after a nice pullback. $TOU holding the multiyear consolidation above the 2014 ATH. $APA sitting just above the 200WMA in what I believe is still the early stages of a massive wave 3 ripper. @krugman87 gets it.
There's a lot of fear porn on the TL this week calling for drastically lower prices on bitcoin:native and crypto over the coming months and even through 2027. Do I think we can see lower prices? Absolutely. Do I think we make new lows just because? Nope.
One thing I have learned the past few years is to always involve TA to some extent. If there are large accounts just slapping random price targets on the TL without any TA to support such a target, ignore it. If it looks like fear porn or engagement bait, it probably is. Some of the smaller accounts in crypto are the best ones because they are not doing this to just gain attention and followers.
Feel free to be such a follower and be the sheep led to slaughter. Won't be me. In the end, TA trumps everything. Whole lot of nonsense out there during times of chop.
Yes, Chef Crypto retweeted
The signs were there. Looks good to test our higher timeframe support. hedera-hashgraph:native
This is exactly why I keep entries just above invalidation. As a spot holder, I’m not going to miss anything if we take off higher at any point in time.
I personally believe if you’re bullish on a coin from a fundamental perspective, it makes it that much easier to get into a good trade because you’re not emotional about your entry. You can afford to be picky and if you don’t get your fill, oh well your spot position is going to be printing.
It should go without saying, but some are seemingly struggling with the concept of lower vs higher risk entries.
If you are trading the mid/high timeframes, then .29 is the only clear/clean invalidation level that you should be focused on.
Any entries taken in the lower half of our range (green zone) are generally lower risk entries, as they are closer to invalidation, which means you can typically INCREASE position size. You are trading off a lack of "confirmation" for an aggressive entry with a tighter stop-loss which allows for a larger nominal position size. An entry closer to our range lows than our range highs is the IDEAL entry.
Any entries taken in the upper half of our range (red zone) are generally higher risk entries, as they are farther away from invalidation, which means you should typically REDUCE position size. You waited for the reaction off the "ideal entry" before entering yourself, because you wanted to see if the lows would "hold" rather than blindly bidding them. This means you are now entering higher up, further away from invalidation, which means you will generally have to adjust via a smaller nominal position size (assuming we are still using the mid/HTF inval at .29). An entry closer to our range highs is NOT the IDEAL entry, and you MUST adjust for that.
If you choose to ignore the entries in the low .30's despite recognizing that .29 is our key invalidation, and you then decide to jump in at the range highs because you didn't want to follow the plan to bid the low .30's where risk was lowest, you must accept and prepare for the possibility that we reject the range highs (again) and get another correction back into the mid our lower portions of our range.
At some point when we get to the range highs, we won't reject and we will break through- we all agree on that. Which means if you don't properly position yourself at the lows from before we get to the highs, you are now FORCED to make a sub-par entry, with higher risk, or risk missing the ride completely (you can also enter after a breakout, but that doesn't mean that breakout can't fail, putting you back in the same position as entering at the highs).
So, either enter at the "ideal" entries when they come along, or accept you will probably have a harder time to position as we move higher, manage risk accordingly if you are forced to make that decision higher up, and accept responsibility for the outcome (whatever it may be) when it comes.
If you can't do the above, then you shouldn't be trading.
Yes, Chef Crypto retweeted
$2698 is my ethereum:native level. Daily close above for pump action. Below, spot and chill frens.
Last test of this zone was in 2022. Incorporating how incredible most energy charts look right now, I think we find our way through this time. It might take a bit, but I will happily collect the dividend and wait. $APA
Yes, Chef Crypto retweeted
Currently ranked #103 in terms of marketcap on @coingecko.
It's time to Curve it back to the Top 50.
ethereum:0xd533a949740bb3306d119cc777fa900ba034cd52
Here is another great example of a chart I don’t see many talking about or using as confluence. Banger.
I don't think people pay enough attention to other charts that can provide clarity and confluence on overall market direction.
As someone invested in $CRV and hedera-hashgraph:native, I incorporate many other factors to get an idea of which way things are headed.
Take $CRCL for example. Super clean chart. Keep in mind, this has a larger market cap than every single crypto outside of the Top 8. Larger than $HYPE, hedera-hashgraph:native, $LINK, etc.
You can bet your bottom dollar when this goes, your coins go. Not saying you need to invest in $CRCL by any means, but use the info.
Still think we can use things such as $CRCL for confluence along with individual crypto names. Clear resistance above and this looks like it wants lower for now. I imagine a break of the red line will coincide with pump action across crypto as a whole. This could take a few weeks imo. Maybe Dec-Jan timeframe just guessing.
