Crypto Mumbles – Telegram
Crypto Mumbles
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things I mumble to myself about crypto

basically my transparent crypto diary

education, analysis, and trades 🙂

Twitter: https://twitter.com/dpycm
Medium: https://medium.com/@dpycm
Lifemax (non-crypto): t.me/humblespace
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for my Singapore friends

+10.30pm alcohol ban lifted
Crypto Mumbles
staked USDT/USDC for 900% APR on https://starstream.finance/pools
unstaked, claimed hermes and went back to my metis dca 👌🏼
can't remember if I've posted this article before (19 mins read)

if you want the key points then scroll down and read the 3 possible scenarios

scenario 2 is the author's base case

https://cryptohayes.medium.com/annihilation-4effdaf3c73f

#reads
been awhile since I did a BTC update

monthly - HH, HL respected. current price above previous MO. if we close monthly above previous MO would be a great sign.

weekly - closed well above support, but volume honestly isn't so convincing. volume has been on a general decline since the start of 2021. despite declining volume, we still managed to hit a second peak, so not super reliable but worth noting.

daily - closed over minor support @ quarterly/yearly open price ~ 46.2k. ascending triangle breakout.

4h - symm triangle breakout (good)! + ascending wedge upside break (good)!

overall, we have signs of bullish momentum starting again, coupled w on-chain analytics of course (as usual).

currently, what I'm expecting for 2022 is a final push up where I'll exit my short term positions. this would be more applicable to traders. macro still bullish af so keep dca-ing long term bags. investors please DO NOT try to time the market for your long term bags.

a hold in this price area and I think we'll be good to go. HH created after a series of LH - change in market structure towards an uptrend.
my charts on diff time frame for visuals
received some questions regarding the s/r areas on my charts

the s/r areas (purple rectangles) are for the weekly time frame as i usually chart higher time frames

if you're looking for the next btc resistance then it'll be 50k and support on 44k with minor on 46k

cheers!