$BTC - Looking like we are favoring more of the ORANGE squiggly line scenario. Would be great if stocks and the market comes out strong on Monday and that this is simply some selling on a Sunday price action. These are not going to be easy conditions and making predictions especially are going to get tougher.
I will continue to share some trades and opportunities but sometimes the best trades are just enjoying out the rest of the month and coming in with fresh eyes with a new year.
I don't think it's as bearish as people are making it out to be but it's becoming pretty clear that if you are patient you'll be able to get some entries on Bitcoin lower so more importantly is not having FOMO and we'll keep playing this week by week.
IncomeSharks
Crypto and stock trader focused on fundamental analysis, trend analysis, and swing trading.
$ETH - Here's how I'm viewing the OBV right now. Treating it as a bullish breakout and re-test. Comes back in the channel I'm probably selling my position and waiting for another time to go long. Break down that red line and we break $3k again and most likely re-test lows.
I definitely have a leash on this $ETH trade, still feel good about it though, would have loved for SuperTrend resistance to have broken though, that would have been real fun for crypto.
$ETH - OBV and price actually still looking good. Stocks pulled back after hours bringing crypto down with it. But usually post FOMC we do see a little reversal but the first move and direction is usually the correct one so by Friday we should be back up or maybe Thursday.
Might have to button up and take some profits if we see some more aggressive selling but for now nothing that unusual. OBV just a little dip after a breakout is pretty good.