$BTC: Still looking for a test of daily MA and/or EMA 100 as previously mentioned.
These moving averages acted as important levels in the previous run up and consolidation. Ideally we repeat January 2024 and get a bottom there before a new leg carrying us to 120k at minimum and 150-160k likely as a maximum.
We also want the moving averages to continue sloping upwards because when they become flat, it indicates the absence of a trend. In these cases, we must wait for a compression before a new trend can be established.
$BTC: The highest probability is that we chop for a few weeks imo rather than V reverse.
If we get down to 85-89k and OI flushes to the lower part of the RSI (black circle) while the order book remains skewed on the bid side, I think it's a place where you want to bid hard. Similarly, this level represents a 20% correction from 108k and those have been the norm this cycle and is where the daily MA100 lies.
I think 85-90k is the worst case scenario and multiple daily closes below 85k would be very worrisome so I am making plans now in case we do head lower by the end of the month.
However, if we can hold 95k while the oscillators on the daily reset I think that also present a long opportunity.
All pre NYE buys like $BTC, $PENGU, $ENA and $SUI did good but I really have this issue where I sell and try to buy back so I don't miss the next leg so I gave some profit back up there sadly. Will journal and be better for next time.
As of right now I'm still in $HYPE, shifted $PIP and $PURR into HYPE and am betting on @_kaitoai through their NFT's in hopes that at least 10% of their token is airdropped to holders. Other than that, just looking to see what is showing strength if/when $BTC gets to low 90's or sub 90.
Thinking the rest of Jan is sluggish where you build positions while Feb and March are gonna be quite good months, hopefully.
$EIGEN & $LDO: Since I expect $ETH to do well this quarter, buying these coins should turn out well. However, I would focus more on eigen since ldo has historically been a piece of shit to trade/own.
I'll be officially back at the desk next week fully focused and ready to smash 2025. This has been the first break I've taken since 2020 and it feels good to be back.
I haven't been paying much attention to the market since mid December but I did manage to buy the dip on a few coins: $BTC, $ETH, $ENA, $AAVE, $PENGU and $BONK.
For this year I want to focus more on myself and less on what others are doing so that means posting more charts, analysis and podcast summaries on here.
If we do get a 2021 style year, I hope to look back at this tweet and say that I did give it my all.
#FARTCOIN: Admittedly sold this way too early and lost a bit in the prior distribution range but still made good money overall. The 1B wall is no joke and it seems like people are taking lots of profit/exiting amidst $BTC weakness.
Take profit if you haven't already imo, it's not too late
$BTC: Seems like a pretty obvious gap fill. Price chops around 4h MA100 and as it can't push higher, the MA flattens and price eventually gets pushed down by the 4h trend. I would guess this is a lower timeframe version of the 6 month range we broke out of as the setup seems eerily similar.
$BTC: Something I am looking at is this 3D bear div in the extremes of the RSI. The last time we got one of these was at the ETF launch where we dumped 21% before the next run. I'm wondering if we play out something similar as we go into Dec before another ramp up in Q1
$SOL: This must be the most obvious daily consolidation below ATH's. If this one breaks down after having such a clean HTF retest, idk.
Apparently, David Sacks, the crypto czar, is bullish on Solana since he discusses it on his podcast. And now that we're rotating out of dinos (hopefully) SOL can make an ATH run and light up the trenches simultaneously.