Alex-Weigel

short term trade ideamust react to the upside soon or it looks bad

The BTC underperformance of the S&P should reverse soon in my opinionThis is playing out, It could range bow but its also possible that it really continues to break out.

This is almost too simple to publish but my point is that the period of acceleration for BTC vs S&P500 hasn't happened yet. In past cycles the rapid outperformance lasted 5-7 months. We either stated that phase or are about to. Of course it probably won't be the same as prior cycles but it will likely be something similar. Basically if we repeat the pattern then phase 2 should begin. The market will likely be getting crazier. I've held through the downturn so I'm going to continue to hold now.Today is a huge decoupling day. It's either the start of the final leg of the cycle where crypto outperforms, or crypto is lagging the Tradfi selloff.

I'm already spot long in DOGE but wanted to post this trade idea anywayI could see it outperform in the short term before everything goes lower unfortunately. If this trade idea plays out I'm going to decide whether or not to sell and buy lower. It depends on how BTC is trading.nevermind

At some point BTC will continue against S&P again and it looks like soonso far so good

These resistances are for flipping If it continues to dip I think ~3295 is a buy The altcoin market is looking rough but ETH feels strong right here (im already positioned though).The sentiment is pretty bad right now it sounds like a lot of people are stuck in bad alts. I could see that market staying dead while the majors take off (hopefully).couldn't break 2nd resistance so 3295 was the buymy feeling is still that ETH breaks 4,000it's definitely not guaranteed Also, sentiment changed to negative in the past week

The altcoin market is looking rough but ETH feels strong right here. If it continues to dip i think ~3295 is a buy

This is the ETH/SOL chartIf it can't reclaim this area it is going to continue lower and its overETH looks like it wants to reverse against SOL though and if it does it could reclaim a lot of what it lost (52-60 range)Yes im saying if it doesn't go up it's going down, but I think this point is particularly important, especially considering the ETHBTC chart, which is at the lows of a huge rangeI'm in ETH btw but I could see another breakdown before an uptrendrejected exactly where expected. This is where the ETH bid has to continue. If not it's looking bad. IMO ETH is still the play.now i think ETH is ready to outperform SOLit's ranged here for a while and bounced hardthis 24.8 resistance should break, it's been tested a few times already. ETH should continue to outperform SOLI really think ETH is going to take over soon

BTC is looking bad (time to long perhaps)Hoping for a 5-10% movewill cut on 2% lossnot good so farlooking better but this will be an important area. If 52400 can hold than new highs are coming.just closed this trade at 56,800Ended up getting 11.5% so I'm happy with it. I've closed too early in my last few trades so that is a definite possibility here. I've felt uneasy today with the price action and the sentiment on twitter. Pretty much everyone is assuming higher and I don't like it.of course right after I sell is looks like it wants to go higher but I'm just going to wait until I feel good about another trade setup.

longing BTC here hoping for a 5-10% move go go south but I hope not!