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With $VSS breaking out and hinting at a global risk-on environment, how does $OTHERS compare relative to this? Having started it's downtrend on Oct 10th, it is since seemly breaking out and reversing trend further amplifying the possibility of a risk-on environment developing.
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Global small caps (over 40 Countries excluding U.S) just made a new ATH and is in price discovery. Make of that what you may...
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Globally a risk-on environment according to this, but Crypto in bear? Never happened before at least.
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Anticipating a pullback for Crypto here. Important level, if $USDT.D closes below will be a bullish development.
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We are $BTC bulls here, not bears. 🐂
BTC-1,26%
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$XRP has reclaimed the Support band vs $OTHERS (confirmation on close) after threatening to reject there. As long as it holds above, this is mega bullish for XRP and we can expect a continuation and outperformance vs OTHERS.
XRP4,03%
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The Crypto Safety Trade Dominance ( $BTC.D + $USDT.D + $USDC.D) which I use as a gauge for risk-on and Altcoin strength had printed the first red Vision triangle back in September since Altseason 2021 which I viewed as a very bullish signal for Altcoins. But immediately after,
BTC-1,26%
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Alright, no significant reaction from $VIX or $OVX (oil volatility index) on the first trading day of the week since the Venezuela narrative, so let's move on from that noise. $BTC showing some progress since first flipping OBV back bullish for the first time since the bearish
BTC-1,26%
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Flew back home to a freezing -6 degree Manchester only to find the boiler broken and no heating at home, perfect. 🥶
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Market Geometry / Symmetry + Technicals A mini-victory until we get more upside resolution when it can be claimed as a much bigger victory. But I've posted this simple $OTHERS chart way before this reaction when everyone was calling for it to be broken. Did I know with 100%
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Time in the markets above all else Above all else, I value time in the markets. I don't need to know your PNL, even if you are the biggest loser and have nothing to show for it, I value your time and experience in the markets and I'm all ears. I myself have spent just 6 years
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$XRP continues to battle the support band vs $OTHERS. Avoid rejection and it will remain a strong contender to outperform most altcoins.
XRP4,03%
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$CVX yesterday, met the conditions of an 'overshoot' printing HPH signals on the 4H. So many theories floating around on just a daily candle move about why it pumped and why it's 'dumping' now. But the technicals will make do for me. The pump being an expected reaction from the
CVX-0,57%
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Trying to refrain from short-term commentary, but do note that $USDT.D is on an HPL (high probability low) signal on the daily, while $BTC is on an HPH (high probability high). So a retrace / consolidation can be expected (but not necessary). Also need to see how $VIX and $OVX
BTC-1,26%
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Safe to say the Superfecta sell signal has once again called it right as we have had 4 red candle closes in a row since. Remember this was when many were bullish on $USDT.D so it was a pretty early signal. This is a confirmation based signal and has no 'predictive' capabilities.
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Another 'coincidence'. $CVX pumps exactly as $OTHERS vs $BTC breaks into 'Zero-G'.
CVX-0,57%
BTC-1,26%
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Flying back to England on Monday. Daily posts and updates on Whop only from next week. Saturday weekly updates on X focused on HTFs and macro.
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Finally getting confirmation from On-balance volume (cloudy sky), that $USDT.D + $USDC.D is cooked.
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So $CVX pumps over 50% today and the narrative going around is 'It's being meme'd, people think they are buying Chevron.' Is this a clue that a wider alt bounce will be marked by sheer disbelief? Don't really need a narrative here, look at where it's bouncing from.... P.S: How
CVX-0,57%
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