- There’s a possibility the market rallies regardless of what the Fed does tomorrow
- There are hidden bullish divergences on most coins across the market
- Below are the ones I’m looking at this week
Bullish on Ethereum
- RSI is falling but price is rising – this is bullish
- Looking to add to my ETH position when the 4-Hour RSI level hits around 30
- I’m assuming price will drop, breaking the white support line tomorrow when the Fed announces additional rate hikes in the future.
Polygon Re-Entry
- The 4-Hour RSI is already oversold – I am starting my purchases here in rounds; if price falls, I’ll continue to add more
- Price is falling but the RSI is falling faster – this is bullish
- Expecting a bounce in the next few days (possibly after the Fed announcement tomorrow is priced in)
Bitcoin
- Another hidden bullish divergence
- 4-Hour RSI is dropping and price is rising
- This is a bullish pennant
- A leg up from here will continue to confirm my thesis that we are in an accumulation phase
- A leg up should carry the rest of the crypto market up with it
Algorand Topping Off
- Price is rising with the RSI – this is bearish
- I have sold my $ALGO and waiting for a re-entry