chillcrypto

chillcrypto

Combined market indices divided by DXY has accurately signaled market expansion and contraction for more than 30 years. In the 'Internet Bubble' timeframe, although a RSI sell signal occurred, the market regained lost ground in 2000 prior to a multi-year sell-off. We see a similar run-up, sell signal, recovery now. Is this time different? Or will we see a...

chillcrypto

Declining volume. Post-hype profit-taking. Greed index is at Extreme Greed. It would not be surprising to see us pullback and re-test our floor one last time. This is complete speculation. None of this is financial advise obviously. Do your own research. As a personal side note, I have added SBIT to my counter-play. I think at this level SBIT provides no real...

chillcrypto Updated 

On a day when Bitcoin recovered well, Bitcoin ETFs rebounded equally and Cleanspark rebounded significantly more, Microstrategy had a very muted response. Unfortunately this may be an indication that we have seen the parabolic MSTR run this cycle, and from this point forward, seems reasonable to pivot into another asset such as Cleanspark, Coinbase, or a Bitcoin...

chillcrypto Updated 

Remember April 2021? We were thinking about blue skies and Lambos and Jim Cramer exclaimed Bitcoin was the real deal and poof... summer of despair (part one). Are we setting up for a post-halving event pullback this year? So far these upward lines have been right-on-the-money indicators of resistance and support. We could come back and consolidate here, with a...

chillcrypto Updated 

Complete speculation based on prior price activity from the last bull cycle... Our current run-up could have legs up to 63k, followed by a supported pullback to 50k, followed by a resumption up through the end of the year. There would be many small pullbacks along the way of course. One thing is certain, we have entered timeframe of heavy manipulation by some...

chillcrypto Updated 

We are not yet breaking out... as an upward channel in play since November continues to provide both support and resistance. RSI is flashing red so it's TBD whether we consolidate here and then build the right shoulder of a head and shoulders pattern, retesting the lower trend line. Bottom line, 'Just say no to FOMO!' DYOR Not Financial advise, chart for fun...

chillcrypto Updated 

Not financial advice. Do your own research. GBTC shares along with Bitcoin have risen quite a bit from October. But as I stated previously, I began to move to cash very slowly to hedge my position (we still don't know how the market will react to the event this week). This week, the market was not thrilled with Grayscale's listed fees (from 2% now to 1.5% at...

chillcrypto Updated 

Complete speculation (NFA and please DYOR) Two areas in yellow I'm looking at are 39k and then 32k. Why? 1) large profits have been made recently 2) sell the 'event' scenario is being evangelized 3) many people missed the run so far, hoping for lower prices, and are still bear-biased 4) ETF managers want their funds cheap so their clients can make profit, (and...

chillcrypto Updated 

Now that we're in the 'present return season' Solana buyers are taking profits and will likely do so through the end of the year. On a daily we could get to $90, but the near-term target is $100 on the hourly. I'm a 2024 Bull but we are due for a nice pullback so that the rest of our crypto fam can get another opportunity to jump in.

chillcrypto

To my disadvantage I've only been in and out of Injective, not a holder. If we do not hold the $37 range we should have some decent entry points. The real question I want answered. Which asset will 10x in 2024? Is Injective a 10x candidate? For most investors, it is safer to assume a market cap of 50 will 10x than a market cap of 30. But when Ethereum was $750,...

chillcrypto

That's the question right? Assuming Bitcoin price is relatively unchanged, with buyers and sellers ahead of a reported ETF launch... Will we see another 5% prior to a pullback, or another 45-50%? The Solana-Ethereum valuation is close to the top with another 5-6% remaining. Will that be a catalyst for more profit-taking? What are the communities thoughts? How...

chillcrypto Updated 

And then when the ETF news is either announced or delayed, it really depends on volume and open-interest. My guess is we see an initial euphoria on the announcement, and then a pullback. But that's just a guess.

chillcrypto Updated 

Bad news today for Grayscale that will likely throw some water on the Bitcoin run... On the day that Blackrock says, 'we have a 100k investor for our ETF', SEC tells Grayscale to cool its jets until end of January. Very interesting. I noted where I would take profit and I've been pulling a little out per day (not much). Bottom line is that 3 days of positive...

chillcrypto Updated 

This is not financial advice but rather an example of how I am answering my own question of when to exit GBTC. It could be very soon if we have a 'sell the news event' coinciding with larger market manipulated news. My last entry on GBTC was around 17.50. We have been on an extended run that will come to an end at some point. That's why it is important to mark...

chillcrypto

On the left vs. Bitcoin, one the right vs. USD. NFA - DYOR

chillcrypto Updated 

Last time Doge had solid volume gains was during the March '23 'banking low' which led to a 'pump and dump'. If you were able to handle that swing it was 32% vs. Bitcoin. None of this is financial advice. Please do your own research.

chillcrypto

This market is starting to feel like 2019-2020 all over again, where I was trying to get in and out of swing trades but the market moved faster than I was able to set my positions. (I admit, I over-analyze...) What I have learned since then is to allocate based on EMA/MA and I am more likely now to be swing trading 10% of my profits. Bottom line, is this market...

chillcrypto Updated 

Bitcoin has always, and likely will always, touch the 21-day EMA. The pattern is pretty simple. If Bitcoin pulls back for a few days, odds are we are touching the 21d sooner rather than later. But regardless of the direction now, the assumption is we will eventually touch the 21d at some point. 36k seems like a reasonable target, but 35k is not out of reason. Not...