More issues
market update
last few weeks have been extremely choppy.
but we need to respond to the data as it unfolds.
every breakout is NOT met with the follow-through suggesting trend exhaustion.
from a big-picture cycle , no change but
all short-term indicators are pointing bearish.
we could just be ranging from 60k-70k, (these
positions update
market update
today's daily closing was ugly. as expected most trend systems are flashing red.
while we haven't gotten a sell confirmation yet it's not looking good.
if this persists on the weekly close then systems will likely signal getting into CASH.
what will negate this
Announcement - Community
NOTE: will be sending a market update later after the daily close.
follow the indicator as mentioned in the previous post.
A lot of you have been requesting a community format (vs newsletter) where the subs can interact with me and each other.
the only reason I hadn't
positions update
everything mentioned in the last market update still holds good.
you could also run the web3quant indicator on 30m/45m /4h depending on your trading style.
if you are a new sub here is some reading material on the indicator how to and the last enhancements made.
coming to model
update
lets do the big picture first. below is BTC chart since inception.
every single time BTC crossed the previous all time high (marked in grey line),
it spend some time consolidating (marked in pink circles)
before making a exponential move up (marked in green lines)
this took place even as
Market update
Note:Do not have access to a computer so please excuse the formatting.
We have had a sharp reversal across the board.
from a big picture cycle perspective (refer old posts)
theres no change in view.
while are a lot signs of froth there no signs yet that the cycle
long your longs
Do not have access to a computer so please excuse the formatting.
Our bullish stance is playing out well.
markets are looking really strong and momentum continues to increase.
we could be looking at continuation of explosive moves in our longs
There are no new entry or exits. old longs
no brainer meme play.
its
$DOG - The Doge NFT
NOTE: wont be answering any logistical questions on how to or where to buy it etc. its deployed on ETH, BASE and SOLANA too. its fairly popular too so not very hard to find.
thesis
I had covered as DOGE as one of the