Nothing has changed on my TA for #BTC #btcusdt and for $ETH

Will I be wrong? Maybe. But I don't change my mind as many 400k followers TA chad based on fluctuations of 2-3k.


As you know i started to give a warning from January on imminent fed axe and subsequent bear market.

I still think we are building a bottom structure, a period that can last as long as a year aswell of accumulation with 5-6k ranges.

#ETH

Trendline support touched

2400 by December 2022

Nothing has changed.

- #DXY looks really exhausted here
- #BTCUSDT is well below all moving averages and failed to break 18k level.

Remember 'from failed moves, born fast moves'

My plan remain the same

https://twitter.com/criptopaul/status/1566816039148683265?s=46&t=GpdhiJwrJCNaQ-iNq1taqg

3 Mins to go

As we know we had a big dip for the first 6 months of 2022, discounting what we are seeing today, the FED's moves, but widely announced in late 2021 and early 2022.

Summarized here:
https://twitter.com/criptopaul/status/1481304767691472904?s=46&t=bLGJF0uLCCNa2sI2PFoFDw

First month of the second half, July, the markets saw the best performance in the last 2 years.

CPI is topping.

All this should give pause for thought.

There is a lot of talk about the 10Y bond, but it really does not have a correlation with price trends, it never has.

We have been trending sideways since June essentially.

We are now in maximum market fear, far from any major Moving Average.

What success rate do my own algo indicators on macro timeframes have?

They signaled entry at 28k, where many thought was bottom, will it be correct this time?

This hype and kind of talk I see on #dxy is the same I saw on $ethbtc when was at ath level.

I think we are about to see a long wyckoff distribution phase here.

What I am saying, that dxy as ethbtc does not have a trend but fluctuates as a scale needle for the market.

I can't tell you if this is going to happen, no trader is ever 100% correct, but you must know that I will always be honest, I have a clear TA setup and I won't change it by following sentiment on twitter just for convenience.

Well, as said in my previous posts i am firmly convinced from 110 that #dxy reached the climax here, there is a great hunger for dollar in the world market, in this apocalyptic picture that is forming, and stock market in free fall, every retail investor is positioning in derisking from asset now, but these alarms have been shown since january.

This can't last forever, we're seeing a big divergence that's formed with whales after deep dips, which are protecting supports , as we can observe both on spx and btc. Hence my theory that either a local bottom is forming here from June, after 6 months of downfall, or these strong hands are terribly wrong here