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Jul 7 • 4 tweets • 2 min read
$BTC and $ETH have managed to stay above the 8EMA for three whole days. That's awesome. Sitting in between the 8/21 however means "Wait and see". It's progress, but we aren't there yet. A confirmed 8/21 cross is what we want. ALT's may be a different story.
More below👇
If we get that 8/21, #Bitcoin still needs to get through numerous downtrends, and they're really far away. There is a CME gap above, which tend to become magnets. This is a potential target, IF, we get a reversal confirmed to the upside.
$SOL is back above the 8/21. But lagging somewhat today compared to BTC/ETH. I can see a move up to the top here. If that happens, indicators should be saying BUY, and it will be attempt #2 to long on SOL.
And now for my favorite chart right now. $ADA is no where near bullish on a daily timeframe. BUT, if BTC/ETH and ALTs start breaking out, and #ADA breaks this downtrend, it can fly.

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More from @IamGrxxt

I am Grxxt(📈,📉) Profile picture
Jul 7
How can we know if a correction, or bear market, has ended? In this thread I'll go over the previous correction from March 2020, and how it can help us with our current market.

A✅list of things to look for to confirm a recovery has started.
$SPX $SPY $ES $BTC $ETH
🧵👇 Image
First, how do we know the bear market is continuing? Well the obvious answer is $SPX makes a lower low breaking $3636.87. Because every market recovery starts with a low that remains the low. Image
How do we know if a correction/bear market has ended?
1. A failure to break that same level: $3636.87

2. A rally that retraces 38.2-61.8% towards the previous high($4,177 current market)
Read 9 tweets
I am Grxxt(📈,📉) Profile picture
Jul 6
$ETH look at this little guy! Let's keep it going!

$BTC you still have some work to do.

ETH has made it to the 21EMA on the daily. BTC approaching. Safe to say we get our 3 daily closes over the 8EMA unless something catastrophic happens in the next 45 min
#Bitcoin #Ethereum
$ETH hasn't touched it's 21 EMA since May 5th. We may have the beginning of something here.
Now hold on, because it still could just be a bigger triangle, I don't have much to draw this top line with yet.
Read 4 tweets
I am Grxxt(📈,📉) Profile picture
Jul 5
Weekly look ahead: $BTC making the same pattern over and over again. You keep doing the same thing and buying the dip expecting different results? That's the definition of insanity. Come join us in Defi Dojo(Link in my bio), we will be ready when it's time to buy.
#BTC #Bitcoin Image
$NQ $QQQ still above the mid line in this falling wedge on the daily. This pattern is bullish, however there's still plenty of room below it. With CPI data on July 13th I expect volatility leading into that. Image
$ES $SPY rejecting pivot and the EMA's still. Same story here with plenty of room down possible. No buy signals anywhere on higher time frames. Image
Read 5 tweets
I am Grxxt(📈,📉) Profile picture
Jun 27
7 Tips Every Trader Should Know✊

Whether you're a🐂or a🐻, everyone should have their own set of rules to follow. You're trading plan is your guide to success. Here are 7 tips I've learned to live by, and you should too. #Bitcoin #SPY #ETH #Crypto
🧵👇
1. Establish a plan!💯

Plan your trades carefully before you enter a position. This means having the price you want to enter, a stop loss, and a take profit zone BEFORE you enter a position. If you aren't doing this, you're probably losing money.💸
2. Protect your capital!🪙

Cut losses quickly. Don't hold and hope, it will 9/10 create bigger losses. If you're plan says to cut at 5% loss, cut it without exceptions, EVERYTIME!

Here's a chart that shows what it would take to recover funds at certain levels of loss.
Read 9 tweets
I am Grxxt(📈,📉) Profile picture
Jun 27
Here's our weekly look ahead: $ES has a good chance to reach $4000 again this week. After that it will need to hold above this downtrend for continuance.
$NQ has just peaked above the downtrend in this falling wedge pattern. Watch to see if it gets above and holds this week. If it can't expect a retrace back down to at least the middle line.
$BTC is still fighting the daily 8EMA. Rolling over slightly. Not a good look honestly. #Bitcoin
Read 5 tweets
I am Grxxt(📈,📉) Profile picture
Jun 25
Ok, so we've had a relief bounce, and a lot of #altcoin's have had some really nice gains. But, let's be realistic. #Bitcoin #BTC $BTC
🧵👇 Image
$BTC still can't even get over the 8EMA on the daily chart. Higher time frames are always king. Image
$ETH, the king of the #altcoin's, has managed to get over the 8EMA, but is already wanting to retest it. You can also see what has happened in all of it's previous attempts to get over this moving average. Image
Read 6 tweets

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