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INTERVIEW: MINDSET_BTC
Mindset talks about making multiples off McAfee’s ‘Coin of the Week’, transitioning from paper trading and why it’s trendy to not use indicators.
JIM TALBOT: MIXED SIGNALS
It's increasingly evident that we are at a major inflection point with lots of mixed signals across the board. First and foremost me personally instead of getting caught in the minutia of LTF, I plan to simply wait for a momentum break.
My belief is still that we trade back to the yearly open sooner rather than later.
However, there are some signs that these moves aren’t yet completed to the upside.
Whilst we are seeing some LTF reactions at resistance, there is little follow-through which makes me uncomfortable shorting right now.
Charts I’m looking at next week:
ETH has a nice inefficiency around 1300 that I would like to see tested, I would expect a quick reaction off here otherwise it opens the door to potentially an extended run into the mid 1400’s.
TSLA is one of the charts that has me conflicted on being bearish anything just yet.
There’s a potential daily divergence into support could see it have a nice bounce. There are a few other charts with similar setups, AMZN being one.
The other chart to pay attention to is NQ on the weekly. The RSI has recovered and is consolidating so in my opinion the best thing to do is wait for a structural break with some momentum and follow through to give us a better idea of the direction for the next few weeks.
-Jim
CBS: CHROMIE SQUIGGLES
A piece of NFT history and one of the strongest bets to make in the NFT space? Seems like a no-brainer. And, in reality, it is.
Squiggles have been a staple of the NFT space and for many a staple of their portfolios since their launch.
The first project launched by Snowfro during the creation of Art Blocks has serious legs. A strong performer in all market conditions.
There’s a wonderful introduction to Chromie Squiggles here, along with a really nice background piece about Snowfro.
Sitting above a 17ETH floor for the first time during the worst conditions we’ve experienced in recent memory shows just how strongly this collection is revered by the market.
I personally don’t think any NFT collection is complete without ownership of a Squiggle.
Squiggles are one of the easiest investment opportunities for those looking for exposure in the NFT market without wanting to dive in too deep.
They have a huge amount of history, they are resilient and they have the potential to continue growing and increasing in importance as the NFT sector grows.
When it comes to choosing your Squiggle, well you’ve got some options, but there’s absolutely nothing wrong (and you’d probably be encouraged) to choose a floor Squiggle.
Enthusiasts may look to expand into other areas - I’ve got a Standard, Slinky, Fuzzy, Ribbed and Bold but as you expand you do start to run into thinner liquidity which is a point to keep in mind.
So given the combination of factors you have for such an important project and its resilience during all market conditions, I’d highly recommend doing some research and potentially thinking about adding a Squiggle to your portfolio.
Yes, it’s expensive, but it will save you a huge amount of time, energy and losses from searching elsewhere for strength. A long-term swing traders option for NFTs without needing to dive into 15,000 PFP projects to find alpha.
-CBS