Osemka8

Navigating short term movements with subscribers
Join us if you want heads up and guidance through this bumpy market

Şmash or pass?
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TOTAL3es (everything except $ETH, $BTC and stablecoins)
Altcoins are in accumulation mode right now. Here's a HTF view of the chart and how to approach it.
Subscribers are getting an extra info for what's to come from here.

[ $PENGU ]
Potential short setup on $PENGU.
As my bias remains that the bottom is forming here on cryptos, I'd look for something like this on $PENGU to play out.
Another stab into demand zone to form bullish divergences, sideways and reverse the trend for good.

Each time $TOTAL MC was this low on 1W RSI, a break above the RSI diagonal was the start of a trend shift.
This way we get a breakout in March or a few weeks later if we decide to make a bullish divergence.
Expecting a bottom in October would not be favourable according to historic behaviour.

Central Bank Ballance Sheet (CBBS) keeps expanding after a breakout and retest
This has lead to positive runs for the risk-on asset class

[ $XRP ]
1W funding turned negative in an extreme way. Open interest dropped to the levels of the multi-year logs base.
Prolonged period of negative funding marked a bottom in 2022 and it only spiked lower, than current level, on the week of the FTX crash.
Price is trying to build a base at these two intermediate support levels.