Publicações de Estrategas

We decided to liquidate our $RUNE positions since the lending program is sitting in unrealized loss which could adversly affect the rune price as more liquidity seeks to de-risk

In early April I have reminded you there is a possibility for $BTC dropping down to high 50ies, before going on new ATHs. Since then $BTC managed to drop below $60k only for a short period of time, showing some strength. If this was the bottom I cannot say with certainty, but some signs are appearing it could be. At the moment I only see 2 scenarios in play:

1️⃣Bottom for $BTC is in or we may test $58-59k area once again, then we go higher.

2️⃣$BTC falls down to $52-53k, which is the most bearish possible scenario I see in play, with way lower likelihood that the first one, as many accounts expect that to happen, and early signs of potential bottom (or close to it) already occurred.

Next post will be about how I see crypto markets to play out in 2024.

An increasing number of investors (36%) believe that the US economy is heading towards a "no landing" scenario, a scenario in which inflation does not reach the FED's 2% target, but the US economy continues to grow - according to a Bank of America survey.

54% of respondents still consider that a soft landing - in which economic growth slows down (but not to the point of recession) and inflation returns to the historical average - is the most likely outcome.

We notice that the Global Recession Probability indicator is slightly increasing since the last post, now indicating a probability of 33.22% regarding a deterioration of the global economy (including the USA). However, we can consider a high probability of recession when the indicator crosses the value of 50, according to historical data from the MacroMicro chart.

Market is looking to get stronger. The symmetrical triangle played out to our downside. Which is healthy and good in order to move stronger upwards.

De expected support line is still valid and we have to wait what the daily close will be today.

$BTC halving expectations has shifted with one day. Laser eyes on how the markets will behave this time.

Stay sharp and goodluck!

Cheers,

Team CrypTa

You can now copy my strategy! After taking time and making the right decisions, I’ve chosen a good bunch.

Looking at $BTC I do not have a strong opinion right now.

I am definitely seeing a change of character though with price no longer trending (upwards).

It is also noteworthy, that bounces are weak and sell offs are comparatively strong.

At the same time we have retested the 60k area multiple times now. As with resistance, supports become weaker the more often they are traded at.

So my general feeling is that risk is skewed to the downside.

Another reason to stay flat for now and let some time pass by until the uncertainty subsides.

This time around I'll be mostly focusing on Ethereum as a representative for altcoins in general.

After we avoided the brutal drop things were looking good for a moment.

$ETH tested support and bounced back strongly.

This was my trigger to entry and indeed we saw further upside.

Next $ETH tested resistance and could not break through it. This was not surprising since we had seen a 20% bounce from the lows by then.

Subsequently Ethereum did not manage to hold a crucial area confirming general weakness.

This was my trigger to exit again.

This is also the reason why I won't be allocating as long as we stay in this area.

Price action is weak and in my opinion any buy would simply be based on hopium especially as long as we are trading below every 4 hour EMA.

As usual these are only my thoughts and should not be considered investment advise.

Send me your email for inviting T.me/dprolix

1/4

Morning update:

Bitcoin closed the daily candle below our trackline. This happens very rarely so either this is a great buying opportunity or the bear market has started 2 days before the Bitcoin halving. More importantly. we started to print another reversal candle, signaling that the bottom may be in👀

2/4

The crowd is starting to mention a bear market and is convinced that the prices will dump further after the halving. Historically, prices move in the opposite direction of mass traders' expectations and things won’t be any different this time around. Enjoy those prices while they last. In our view, the road to $100k $BTC starts in the next few days😉