bitsofwealth

$ONDO Long Idea Update

As you can see, we did get another move toward the lows, just as anticipated. We did not see a deep sweep but it gave enough to entertain a trade.

Watching the stablecoin dominance chart (USDT.D+USDC.D) this weekend to see if we get that move lower that we have been waiting for - a sweep of the lows could setup a beautiful opportunity to short BTC and crypto.

A sweep of the lows would be a move into the golden pocket fib and also a sweep of the previous week lows.

We do need to be cautious though... if we don't get just a sweep and immediate move back above the lows and into the existing range, there is the possibility that we could still be seeing stablecoin dominance head into that grey zone marked on the chart - which would mean that BTC could actually be putting in another leg higher towards mid to high 80s potentially.

The grey zone makes a lot of sense on the weekly chart but we aren't guaranteed to get a perfect move into it.

$HYDR HTF Idea

With all the recent buzz and movement in energy plays, hydrogen seems to be gearing up for a larger move still to come. We can see that it has recently shifted market structure and is now above previous quarter high and also previous year high, but it is coming up into some potential resistance.

If we see HYDR cool off a bit and head back towards the channel median and PQH, I will be paying attention for an opportunity to get long exposed.