COMP update:

💰🔥 TP1 hit! 🔥💰

First TP hit, 16% up, call from 12 days ago. Slowly grinding up. Middle of the cloud - temporary resistance, still expecting to complete the e2e to 100. Feel free to rebuy. Public call.
Now: https://s3.tradingview.com/snapshots/f/FpgU6Mwc.png
Entry: https://s3.tradingview.com/snapshots/f/FcTAPJUz.png
Call link: https://discord.com/channels/690955085127221308/691823346010292245/1002970981087854753

👑#BTC update:

Continuous higher highs and higher lows - slowly grinding up for 2 months now. In the daily cloud, with the upper edge at 30299 USD. Right on the cloud's bottom edge at the moment, while most alts are on support. Logical place for a bounce. Probably another higher low is getting formed here.
https://s3.tradingview.com/snapshots/9/9PQFLqkI.png

UNI/USDT

Kumo breakout, cloud's top touch. Bounce here will be the confirmation of trend reversal. Not a single alt call got stopped, and right now pretty much everything is at support - great R/R opportunities on most alts. If you felt like you missed out on something and didn't want to chase the pump couple of weeks ago, now's the time to get in.

Entry: 8.11
SL: 7.49
TP1: 11.95
TP2: 13.79

https://s3.tradingview.com/snapshots/f/FCE6UR8M.png

UNI, ETC, WOO, SNX stopped out on the latest crash few days ago. ETC one was annoying - at this point looks like a stop run, another cloud's top retest, liquidity tapped. Rebought because the merge is still happening, the narrative remains the same. Will sell if the daily actually closes below SL.

https://s3.tradingview.com/snapshots/8/8Wxv7JzO.png

ATOM update:

Moved TP1 from $16 to $15.30. Just taking profits at cloud's top, which is currently at 15.30.
Now: https://s3.tradingview.com/snapshots/n/njJoIW3W.png
Entry: https://s3.tradingview.com/snapshots/c/cgYh7vhp.png
Call link: https://discord.com/channels/690955085127221308/691823346010292245/1002182065028083783

ATOM update:

And it's hit. And even overshot it. Could have kept at 16.

53% up from entry right now. Public call.
Now: https://s3.tradingview.com/snapshots/7/7cSvb69o.png
Entry: https://s3.tradingview.com/snapshots/c/cgYh7vhp.png
Call link: https://discord.com/channels/690955085127221308/691823346010292245/1002182065028083783

👑#BTC update:

Sorry for the lack of updates - BTC has just been consolidating for a couple of months now.

SP500 has completed the weekly cloud's edge to edge trade. Touched the bottom edge and bounced. Disregarding the 2020 March black swan event, the cloud's bottom has been holding as support for over 13 years now. The last time a bottom edge bounce happened was during 2018 December - pretty much the exact bottom of the previous cycle's BTC bear market. Something to keep in mind.

On a personal note, for me it's difficult to see why the majority still expect a crash to 12-14k. The capitulation has already happened. It was the 3AC liquidation even. Ever since then, the lack of liquidity, the "dead market" conditions have been identical to 2018 post 3k crash PA. Of course, nobody can tell the future, at this point expecting more downside seems like such a crowded trade. If everyone expects something to happen, you can be pretty sure it's not going to. Betting on the bottom being here. ETH, SOL, ATOM, CRV, MATIC, SUSHI, UNI bags are loaded. If we die, we die.
https://s3.tradingview.com/snapshots/d/Di0il7n9.png

👑#BTC update:

Well, the weekly cloud's bottom once again held as support for SP500, while the FTX collapse pushed crypto lower. Stocks touched resistance last week - very precise chart.

The next FOMC meeting is on Dec 13-14. The bond market is currently pricing in a 78.2% chance of a 50 bps rate hike. After 4 consecutive 75 bps rate hikes, 50 bps now would be the first tangible sign that the Fed is actually slowing down. The situation seems pretty straightforward - if it's 50 bps, market continues front running the pivot, breaks the resistance. If it's 75 basis points, it becomes clear that Fed statements about slowing down are not to be trusted, the market crashes. We should see some volatility on Tuesday.

https://s3.tradingview.com/snapshots/u/umfubQYv.png

👑#BTC update:

7.1% CPI announced (expected 7.3%). 50 basis points pretty much confirmed. Looks like the SPY trendline's getting broken.

https://s3.tradingview.com/snapshots/6/6jNqiwaf.png

👑#BTC update:

SP500 once again at its year long trendline resistance. If you're wondering why I'm posting about stocks, the market's still strongly correlated - BTC pump started as soon as SP500 made a higher low. At resistance now. Be careful with your overleveraged longs here fellas. Should be a volatile day tomorrow. Either a breakout or rejection.
https://s3.tradingview.com/snapshots/3/3FMlTAyp.png

👑#BTC update:

SP500 resistance is acting as resistance should. Market pump posponed until the trendline breaks.
https://s3.tradingview.com/snapshots/k/KL8udolI.png

👑#BTC update:

First daily close above the trendline in a year. Send it all up. Whole market.
https://s3.tradingview.com/snapshots/i/IzBJfAsw.png

Hey everyone, it's been a minute!

Since the last post, SP500/NASDAQ had almost a full recovery, with some stocks even breaking all-time highs, while crypto remains in the gutter. Based on previous cycles, we still got around 7 months of shitty market left until the bull phase - the next BTC halving's only on April 2024. Having said that, the bottom's probably in, and now is the time to accumulate, get positioned for the next cycle.

It has been extremely unexciting environment for trading lately. If you're as bored as I am, consider joining me in creating something new in the crypto space.

I'm starting Wagie Corp, a brand new NFT project, which derives its artwork from an old 4chan/biz/ meme. This is the first public mention of it, the chance to get in at the absolute ground floor. Everyone joined in the next 24 hours gets the OG status, its future privileges, and the free mint that comes with it.

Check it out here - https://discord.gg/kVZBGN6s
Site - https://wagiecorp.com

Can't wait to see you there! 👋