The Trust Layer for Market Analysts

The analyst provides a market analysis on crypto, bitcoin, and altcoins. At the time of analysis, Bitcoin is priced at $91,771. The CEME gap is closed at $91,960. The analyst anticipates short-term pump, then a larger downward dump. The analysis suggests that due to the resistance from the EMA ribbons, and divergence on the 1H, the short-term charts do not matter. He states he is more of a macro trader. He is showing Death Cross. Death Cross marks low, so they don’t mark lows as they are transitioning, so in transitions to bear market at end of quarter 4 the price action may be different. The analyst shows the likely outcomes from 2017 and 2021 bull/bear transitions after the having year in quarter 4, when those market corrections take place. The analyst mentioned about his short positions starting from the 99000-102000 USD, although he may adjust upwards to the 110000 depending on market conditions. He is still bullish on Chainlink, but will HODL, or wait until the all coin season. ,He is also watching Ethereum, which he bought at 3400, and a floor of 1800, looking for around $2800 short term before considering to exit. He says, be very careful of new positions.