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Pullback for $BTC \& Crypto today as suspected earlier. But volume has shifted in favour of the bulls and $USDT.D has lost it's Superfecta signal. It's a waiting game to see what happens next.
Critical moment for Crypto October 10th kicked-off the bearishness with a bang. HPL called the low nicely. Now, daily HPH signals flashing indicating a possible pullback / reversal. If we plough through, it will be the first victory for the bulls since 10th Oct.
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.
$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.
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,
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
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%
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
$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
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
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.