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<\/p>\nSPX<\/b> futures are +15. Last week the index digested above the 8 day after reclaiming all the moving averages. We'll see if it holds 4713 and builds or fades. It's a tape of \u201chaves and have nots\u201d which has some traders frustrated because only a few names are driving the action. We'll see if that changes.<\/p>\n
<\/p>\n
I don\u2019t think\u00a0Bitcoin<\/b>\u00a0or\u00a0Ethereum<\/b>\u00a0have bottomed.<\/p>\n
Bitcoin<\/b>\u00a0moves fast and also follows active sequences. On 11\/9 it gave a sell signal around that 69k pivot which was confirmed when $63k broke to get me into 75% cash. It just hit $45k and bounced a bit but I'm still waiting. I\u2019d be interested closer to $42k down to $37.6k if we get a whoosh.<\/p>\n
I warned that\u00a0Ethereum<\/b>\u00a0is vulnerable and can play downside catch-up after the double top and loss of the 8\/21 day near $4250. It broke below the $3960 area but didn't accelerate lower. I\u2019d be interested closer to $3400ish, $3200ish, and then $2700ish. Otherwise I\u201dll stay away until I see a more constructive price pattern.<\/p>\n
I sold more than half of my\u00a0CRO<\/b> as it hit .97c. I kept 25% and got filled Friday night into the .40 area. I took most of that off into the .60+ bounce. Be careful! If Ethereum and Bitcoin break this can see the .30's again which might be a spot to accumulate.<\/p>\n
MANA<\/b>\u00a0was a huge winner from .56 to $5+. I kept a third and will only add on extremes as it did hold decent. I\u2019d stay with some, but not get too big. I\u2019d be interested closer to $2.80ish, and then closer to $2.45.<\/p>\n
GALA<\/b>\u00a0was a big mover from .08c and I took trades all the way up to .80+. I did get to buy a few extra tiers in the .45c area for last Saturday's event and I sold those at .60+ as I mentioned. Now I'm small and waiting it out with Bitcoin. I\u2019d only buy extremes, especially if Bitcoin and Ethereum don't hold these levels. I\u2019ll be more interested from .38 down to .29.<\/p>\n
WAX<\/b>\u00a0was a huge winner. I started at .08. I sold 25% at .74 and another 25% at .97 to get me down to half. Recently, I got very heavy into the .40-.50 area again but was able to trade around that as it hit .73 on the\u00a0AMZN<\/b> news. This is still my biggest alt coin. But the market still seems vulnerable so I\u2019m being careful. I\u2019d be interested closer to .35-.42 again if it sees it.<\/p>\n
Positions Disclosure as of 12\/20\/2021 at 8:03 a.m. ET<\/strong><\/p>\n SPX futures are +15. Last week the index digested above the 8 day after reclaiming all the moving averages. We’ll see if it holds 4713 and builds or fades. It’s a tape of \u201chaves and have nots\u201d which has some traders frustrated because only a few names are driving the action. We’ll see if that changes. I don\u2019t think\u00a0Bitcoin\u00a0or\u00a0Ethereum\u00a0have bottomed. Bitcoin\u00a0moves fast and also follows active sequences. On 11\/9 it gave a sell signal around that 69k pivot which was confirmed when $63k broke to get me into 75% cash. It just hit $45k and bounced a bit but I’m still waiting. I\u2019d be interested closer to $42k down to $37.6k if we get a whoosh. I warned that\u00a0Ethereum\u00a0is vulnerable and can play downside catch-up after the double top and loss of the 8\/21 day near $4250. It broke below the $3960 area but didn’t accelerate lower. I\u2019d be interested closer to $3400ish, $3200ish, and then $2700ish. Otherwise I\u201dll stay away until I see a more constructive price pattern. I sold more than half of my\u00a0CRO as it hit .97c. I kept 25% and got filled Friday night into the .40 area. I took most of that off into the .60+ bounce. Be careful! If Ethereum and Bitcoin break this can see the .30’s again which might be a spot to accumulate. MANA\u00a0was a huge winner from .56 to $5+. I kept a third and will only add on extremes as it did hold decent. I\u2019d stay with some, but not get too big. I\u2019d be interested closer to $2.80ish, and then closer to $2.45. GALA\u00a0was a big mover from .08c and I took trades all the way up to .80+. I did get to buy a few extra tiers in the .45c area for last Saturday’s event and I sold those at .60+ as I mentioned. Now I’m small and waiting it out with Bitcoin. I\u2019d only buy extremes, especially if Bitcoin and Ethereum don’t hold these levels. I\u2019ll be more interested from .38 down to .29. WAX\u00a0was a huge winner. I started at .08. I sold 25% at .74 and another 25% at .97 to get me down to half. Recently, I got very heavy into the .40-.50 area again but was able to trade around that as it hit .73 on the\u00a0AMZN news. This is still my biggest alt coin. But the market still seems vulnerable so I\u2019m being careful. I\u2019d be interested closer to .35-.42 again if it sees it. Positions Disclosure as of 12\/20\/2021 at 8:03 a.m. ET<\/p>\n","protected":false},"author":4,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[736],"tags":[],"class_list":["post-59344","post","type-post","status-publish","format-standard","hentry","category-scott-redler-dog-bytes"],"_links":{"self":[{"href":"https:\/\/blog.t3live.com\/wp-json\/wp\/v2\/posts\/59344","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/blog.t3live.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/blog.t3live.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/blog.t3live.com\/wp-json\/wp\/v2\/users\/4"}],"replies":[{"embeddable":true,"href":"https:\/\/blog.t3live.com\/wp-json\/wp\/v2\/comments?post=59344"}],"version-history":[{"count":4,"href":"https:\/\/blog.t3live.com\/wp-json\/wp\/v2\/posts\/59344\/revisions"}],"predecessor-version":[{"id":59350,"href":"https:\/\/blog.t3live.com\/wp-json\/wp\/v2\/posts\/59344\/revisions\/59350"}],"wp:attachment":[{"href":"https:\/\/blog.t3live.com\/wp-json\/wp\/v2\/media?parent=59344"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/blog.t3live.com\/wp-json\/wp\/v2\/categories?post=59344"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/blog.t3live.com\/wp-json\/wp\/v2\/tags?post=59344"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}![\"\"](\"https:\/\/www.t3live.com\/blog\/wp-content\/uploads\/2021\/12\/unnamed.png\" "\\"unnamed\\"")
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