


InevitableCrypto
PremiumDon't think I'll take this trade (simply because I think there are better trades out there), but I like the thought-experiment around $RON staking coming early next year, what that means for $AXS outflows and where price could go. The fib extension and 10 cents price marker represents a further and healthy 50% drop, and if the timing is right, potentially seeing...
S&P has been super clean, level to level, clear deviations, etc. Just copy-pasting the previous fractal 1:1 for fun, though I expect similar movements or another leg down in some shape. Hopefully start ranging from here into Q4'23 take-off again.
$AXS was a coin that hit peak hype and coincidentally has some of the worst tokenomics. $ATOM on the other hand _might_ be forming to be a winner in the next cycle. Simple pair trade, shorting the past hype, longing the future hype and avoiding the crab bites. Similar to SAMA Long below ( + $SOL , $MANA)
Spread trade on narratives and capital rotations: - Long Solana $SOL & Cosmos $ATOM - Short Axie Infinity $AXS & Decentraland $MANA Just playing into intra-cycle shifts whilst trading the orderblocks that seemingly are respected. Seeking to avoid trading the chop on single coins, opting instead to trade one narrative vs another — in this case; trending L1's vs...
VIX coming to a squeeze, seems to have historically broken to the upside.
TLDR Atlas is inflationary, Polis is not. Lots of signs (range breakdowns, failed breakouts, SFP's, 21W EMA, etc.) pointing towards Atlas continuing to lose ground to Polis. With such a volatile market, this seems like a good spread trade (short Atlas, long Polis) Wicks/volatility of pair covers a lot of ground, so play it safely. Expecting breakdown...
- Runs always preceded by break/dip - After May-21, we experienced 2 bounces, followed by breaks/dumps, using the bull-run fractal that came after them here
Finally figured out how to create these sort of charts... been running some variation of this for a bit: Long (fastest growing TVL's): Luna / Terra Avalanche Short: Axie Infinity (revenue collapsed, m-cap has failed to catch up... or down should I say) Serum (this FDV will forever be bonkers) ... meme trade, but how else do you want 100%...
Clear range with BTC vs S&P: - Multiple SR points have been respected, especially on this last leg down (hitting support, from which early '21 bull-run took off) - Double tops & bottoms - Potential triangle forming — probably safer to play these instead of range extremes.
Alt season kicking off... - ETH breaking out from BTC - SOL hitting a bottom vs ETH - SOL Grayscale fund Accumulation finally ready to take off...
Egg FLP not going as planned and has locked up 40k bids of 5+ $GENE. This will get dumped out when the 38k losing bids are released. Looking for buying opportunities...
Let's get that final dip in. Fib 0.5 retracement and order block on the 15m look like solid confluence... Going to keep this simple.
Seeing some decent confluence for buying Sand in the 4.x's... - 21 daily EMA - Fib 0.786 - Major support level Will ladder in for longer wicks...
Zooming out, looks like AXS is ready to strengthen vs ETH again. Coupled with gaming/meta plays, feels like a natural trade...
SOL is currently retracing from an ATH: - SOL/ETH bottom of triangle - SOL macro fib 0.5 at c. 190 - Might not even get there given strong BTC/ETH support, so ladder in instead of betting on one level.
Has been cooling at these levels, respecting the various trendlines. Need confluence on multiple fronts before trading long again: trendline breakout, above golden pocket, etc. Could also just nuke on bad ETH/BTC performance.
Don't get overexposed, play this level to level. If ETH/BTC decide to correct/dump for after this run... I think a retracement to 0.5fib/$2 is entirely possible. If this makes you sick, you're overexposed. (Using an AXS fractal from its early run)
Looking for a $3 entry on the fib level (failing that, the next)... while shooting for a 1.618 fib extension, just shy of the retail target of $4.