
IncomeSharks
@IncomeSharks
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Stock, crypto, and market education, analysis & predictions. Be careful of impersonators. Free newsletter @dailytradr
CryptoWorld
Joined December 2015
#Bitcoin - The March prediction is complete! Every line drawn on here was back at the beginning of March and we finally hit $80k.
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$VIX - Almost the lowest volatility has been all year. It can still go lower and stocks higher but definitely worth keeping an eye out when FOMC and Quad Witching is in the same week. Figure at least one bigger red day is lurking around the corner.
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$SOL - Don't think the second half of these squiggles play out but so far that resistance still holding. Happy to remove the squiggles if we get a close higher.
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$ETH - OBV still looks great. Price still has more upside to go to catchup.
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$BTC - Might be a little more volatile week with stocks but still see this playing out.
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You don't have to try and chase every meta and narrative. There's a reason accounts that try to trade them all run out of money.
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$ETH - Everything drawn on here on June 2nd. Not a bad 3 month guess.
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$ETH - OBV gave a lot of warnings. Now it's breaking out.
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Next Friday is a Quad Witching day. Happens 4 times each year and is often a volatile day followed by a reversal of some sort next week. June 20th - Red day that trapped longs, shorts piled, then giant reversal Monday and gap up Tuesday March 21st - Shorts piled, gap up Monday
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Crypto back to 4 trillion. Still smaller than the size of some US stocks.
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What's keeping me semi bullish is that crypto positioned itself in this weird place where if stocks keep going higher it brings it higher (even if not right away). If stocks slow down or even go lower there's a valid reason to expect some of the profits to return to crypto.
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There's never been more money in crypto and yet the vast majority are down bad. Dilution is why it still feels like a bear market for most.
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Total crypto marketcap right at that 4 trillion dollar level.
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$ROSE - Give me an OBV breakout and I'll consider buying.
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Think we are all guilty of it. We assumed money would rotate sooner to the next level down and instead it stayed higher up. Memes went from on fire to ice cold. On chain tried waking up but keeps getting shut down. Altcoins never really caught bids. Meanwhile stocks crushed it
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The market made the conditions as simple as possible, hold $BTC $ETH or $SOL and walk away. Instead greed said that won't be enough in gains so most took bigger risks and gambles and have overtraded their portfolios to nothing. It's been a bull market just traded poorly.
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$SOL - Would have to get to $320 to match Ethereum gains since market lows in April. Definitely possible, but my logic is if that happens it probably means $ETH is probably at $6k and would be up 330%, compared to Solana up 230%. Both good trades.
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OBV was your early warning sign that $ETH was heading higher.
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