The Alpha Trades

I'm thinking $ETH has one more pullback towards $3700s or as low as $3400s after breaking down from this rising wedge. But after that, $ETH has one of the strongest looking structures poised for higher highs towards $7000+ as attainable targets in Q1 2022. Could be a solid dip buying opportunity, if it comes.  

As of right now, the high of BTC around $52000 just got wicked into, potentially creating a swing failure pattern. We may be actually traversing in a large range between $52000 high and $45000 low over the coming weeks. Break above $52000 high, and doors open to $54k and possibly $60k.  

YFI moving on news of buyback program but I personally believe this asset is destined to head lower. I'd say anything in this $28k - $30k pocket is a great area to de-risk this asset and take off some position.  

Skew showing signs of longer (180d) maturities finally breaching above zero point. Protection being lifted? Possibly calls being added as FOMC and big drawdown behind us.  

Looking at a lot of selling/shorting happening at this W bottom low. Plus the liquidity was swept from 3 days back. I'd say it's time for a squeeze back up towards $60k and as high as $62k. Took some longs at $57k w/ stop at $55k.   

Urging caution on BTC as we head into Thanksgiving week (US holiday) coming up. Last 3 years we've had downside volatility every time around this holiday. This may have factors re: end of month rotations, options/futs expiries, and rebalancing. As shown on a structural comparison BTC looks no different now than the April/May head & shoulders sell-off. And more importantly breaking inside the 50MA daily. On a weekly/monthly basis we can hit $50k and still be in an uptrend, just fyi.