Bitcoin pulse, guides and news: DCI30 REPORT: 12/08/2022 (TLDR Edition)

Thursday, December 8, 2022

DCI30 REPORT: 12/08/2022 (TLDR Edition)

This is a TLDR Report version, for the most recent regular non TLDR report edition, see: https://www.reddit.com/r/DorothysDirtyDitch/comments/z2z3sy/dci30_report_11232022_post_fed_speakies/

Not much has changed since.

8:56am pst: Yesterday was -63.9%, so we have popped back 0.4%towards the Sharkline.

I am of the camp that believes the SBF Follies have not yet gotten "properly" underway. Perhaps they won't, though I doubt that. Lacking a crystal ball, I have no idea on event or timing. All I can do is watch the data, and see if the narrative unfolds. See Pattern A2 in the chart in item 1.3 below for the potential fruit of that watch. Meanwhile, I am remiss to weight longs, and careful about it in shorting with size-as SKYNET loves to clean the position clocks if you lay them out too vulnerably. Light positioning via ladder trade is an excellent way to trade this market.

At present I am 75% short, 25% long. I am concentrating on BTC & ETH, as they have some volume. SKYNET can very inexpensively push prices about 10-20% without breaking a sweat these days. This movement has zero to do with anything you can TA or DYOR-for it is nothing more than a clash of the exchange titans, ie: SKYNET Gangster$.

The manip can be charted and worked, but there is no telling when SKYNET will pump an alternate reality for a time. You can pay SKYNET for the favor (use stop losses), or you can hunker down and hodl on through the move until it passes, (which is what I do 24/7).

My crypto outlook? Market Down, no question.

Pay attention to longer term averaged price data to see future potential.

So let's focus there below . . .

***

1.1 THE ONE CHART THAT RULES THEM ALL: TIPS ETF

9:09am pst: TIDE Arrow now positive.

1HR TIDE VIEW: That dashed red line is DDT Day Trend Support developed over a YEAR.

CHART LINK: https://www.tradingview.com/chart/wNsPO8kT/

TIPs is now in a concerted uptrend, this "should" get us market support into year end. Santa Rally? No issues here, it is being signaled as 'on schedule'. IF SBF hadn't screwed us all, I would be crypto bullish here, but that is not the case, alas.

1.1.1 TIP et al Divergence Watch:

9:10am pst

CHART LINK: https://www.tradingview.com/chart/NfF1wY28/

BTC Divergency remains huge, S&P broke support and is subject to retrace post FOMC pump.

Coin Correlations remain weak generally, (see item 9.0 below).

1.2 THREE COIN MERGE/DURGE/PURGE MACRO VIEW:

HEADS Up-NEUTRAL TIDES HAVE ALL TURNED POSITIVE:

9:24am pst

CHART LINK: https://www.tradingview.com/chart/kihTNtqA/

3 Coins To Represent This Lemmings Come Hither Market: BTC (patriarch-white), ETH (matriarch-teal), ATOM (the energetic kids-blue).

Correlation to one another was tight here-then ATOM canary divergently died on the vine...a coal mine canary? Pattern A2 in play here-see item 1.3 below.

1.3 THE CRYPTO MARKET TREND SPOTTER: "BTC Watch"

9:30am pst

CHART LINK: https://www.tradingview.com/chart/8wgeh9Uj/

HEADS UP, WE HAVE A REPEATING RHYME IN PATTERN A2 AS SHOWN IN CHART-THIS IS A HINT TO ANOTHER DROP, IF THE PATTERN REPLAYS. (And I do think it will.)

If you are an active or learning trader, I strongly recommend you read recent posts and their updates, as day to day I may not repeat important post items, only slather on new data as I find it. :)

There is a free treasure trove of information here, stuff you will find nowhere else, (original content):

https://www.reddit.com/r/DorothysDirtyDitch/comments/qrr32h/welcome_all_yee_broad_sword_scalpers/

Good Luck & Viva La Share-IF YOU SEE IT IN THE DATA, PLEASE CALL IT OUT, (no narratives por favor)!

\*\**

1.9 UPDATES FOLLOW, (trades I make are in comments section-posted when time permits):

2.0 BITCOIN

1HR View: showing short trade call set up as per comments below post

3.0 ETHERIUM

1HR View: showing short trade call set up as per comments below post

9.0 COIN CORRELATIONS

9:33am pst: poor/inconsistent

Correlations are strong at market open for about an hour, then they blow apart and become inconsistent in the chop slop.