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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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!
where dyou think we're heading?
Anonymous Poll
41%
50k - 54k
30%
60k ++
29%
back down to 30k - 40k
Crypto Total MC 2

alts still have some room to go
some writing tips

short and sweet article

do read if you're looking to improve your writing as well (v handy if you aim to become a crypto analyst)

https://dilbertblog.typepad.com/the_dilbert_blog/2007/06/the_day_you_bec.html