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IncomeSharks
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$VIX - Pretty clear channel. For those swing trading stocks it's been pretty reliable for periods of euphoria to take profits, and dips to buy. Historically if there's ever a monster spike you buy aggressively. Looks like we could finish December green before a bottom touch.
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Bulls putting in the work to make a more compelling argument. 3 trillion looks like a natural floor for total crypto marketcap.
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A good example of how emotional markets can be and the opportunities you can play. Almost a 5x return if you remained confident in a rate cut. And best part is not even having to wait for the decision, can realize profits now.
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$SOL - OBV was spot on with the massive bear div at the top. Now after all the selling it's reached major horizontal support signaling that it's probably close to a level worth buying again.
SOL0.96%
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$BTC - OBV looking better, still has to reclaim and go higher to be confirmed but a good start.
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One trend worth noting is how much Gen Z spends on pets and the rate of growth for pet ownership. They might be having less kids but are owning more pets and spoiling them.
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Bitcoin green and stocks going red is the narrative you want to start seeing more of for a reversal. Still have a lot of time left to see where both finish though.
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$BTC - Finally seeing OBV do something positive. Still very early but this is a great attempt at forming a double bottom or holding support. Something it hasn't been able to do since September.
BTC-0.03%
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$SPY - Looks like it might go gap hunting today.
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Crypto unfortunately has too much competition right now. Stocks are offering better returns with better liquidity. Gold and silver are going up. High yield savings and money markets showing demand. Gambling has gone mainstream and prediction markets are exploding. It use to be crypto was the best place to go to for exciting returns and opportunity. That can and often will change as conditions do but right now it's the colder market and that's the reality. It's not over, it's just in sleep mode waiting until the right narrative emerges that re-opens the flood gates.
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$SOL - OBV and price working on trying to hold support. Best case would be to make this a double bottom to avoid the next level which brings us down to $100.
SOL0.96%
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$MSTR - Since OBV made a double top at $450 in July it's been almost free falling. Looks like another horizontal about to fall through.
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Generation Alpha is now the largest generation in human history. What's more wild is only 2% of these babies were born in the United States.
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Even the most annoying and overused chart in all of crypto does one thing well...
It visualizes how hard it is to time tops, how quickly you have to flip your bias when it starts reversing, but shows you how much time you have to accumulate the real bottom.
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So Bitcoin is in a downtrend, sells off during a low volume weekend when stock futures were red, it hit resistance after a relief rally, billions in options expired on November 27th, and it's the end of month volatility.
The timeline: Has to be manipulation
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Powell speaks today at 8PM EST. Market still pricing in a fed rate cut on December 10th and will probably be over analyzing everything he says or doesn't say.
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S&P 500 giving us some new gaps to work with after pumping almost 5% in a week to fill the top one.
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$BTC - Proving once again that you can often get multiple attempts if it's a bottom. Rejected at the re-test of the channel and back into the box of despair.
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$BTC - Squiggles playing out perfectly so far. We got the relief bounce that gets people to FOMO buy and now the pull back which gets them to panic sell before forming the actual bottom that even the bulls won't want to buy.
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$LAR - Up 66%, looking like another breakout. Always the small positions that love to run (emotionally you are more likely to let them play out).
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