Osemka8

With a chart line $UNI here, I wouldn't want to be a bear from here onward
4 years in an accumulation range doesn't produce short term price moves. This goes for the entire crypto sector.

$DOGE is a very clear indicator that we've been tracking for a while with the subscribers as a confirmation bias for the altcoin market: when going in and out of the market
It has broken out and retested the RSI diagonal, signalling an early sign of a HTF trend shift being already here

Would you short or long this chart? Why?

Altcoins and a copy-pasta of 2018-2020 correction on OTHERS.D, stretched out
Encapsulates perfectly what I'm expecting from here

Anatomy of a trade
Plan vs. Reality

Ascending accumulation ranges can often be mistaken with bear-flags, due to their nature, of travelling in a channel.
They are a sign of an increased demand as buyers are not letting price drop further and sellers are already exhausted enough.
They are strong expansionary setups and if not spotted soon, you can get hurt trying to short them.
I'm writing this because altcoins are showing some early signs of that. I'd wait about jumping to conclusion that this is a bear-flag that breaks down further.
We're only few % away before knowing

One of the earliest and easiest confirmations of a macro trend shift you can get in crypto, is a breakdown on $USDT.D
Monitor it closely and don't let emotions fuel your judgement

$TOTAL crypto MC is showing an optimistic picture here
Weekly demand is holding while the chart seemingly retested the lower end of the range and is trading inside.
All while we're sitting on top of 0.786 fib from 2021 top to 2022 bottom.
RSI trend also bouncing right off of diagonal

The first thing that struck me immediately this morning, was the $COPPER / $GOLD ratio
At the time of writing the ratio is up a whopping 4,4% in a day. With the recent Gold weakness (and potential top we discussed), monthly chart is close to breaking out. MACD cross for confirmation.
You can clearly see, compared to previous cycles, the downtrend now is taking way more time to resolve.
Again, for a millionth time: there is no recession in sight and by the looks of this chart, 4y cycles are going to be debunked

Closest area of larger $BTC liquidations occurring is lying beneath at 54k. But a lot more is hanging above.

Funding turned negative in a big way today, with OI jumping to higher levels than that at the current local high
Seems $BTC is being heavily shorted

Funding turned negative in a big way today, with OI jumping to higher levels that at the current local high
Seems $BTC is being heavily shorted