Hibernating in bear markets
Obligatory: this is not financial advice and I am not a financial advisor.
The markets are incredibly boring right now. There's just really nothing to report on as we wait for the next leg of movement.
The DXY (power of the USD) looks like it's hit it's range high. If it heads back down then people will be looking to invest their strengthened dollar back into investments rather that holding it. Could be a signal for market strength.
S&P anchored VWAP
The S&P held it's anchored VWAP, anchored from the COVID drop. I would like to see this support hold if we want a crypto rally as the S&P is more of a technology index.
Bitcoin continues to follow the markets. It wicked down and closed back into the bottom of it's macro trading range. Losing support here would be extremely bearish as there's no proven support until we hit 20k. I'm hoping for more crab market and a squeeze to kick start momentum back to the top of the range.
Not much action in Decred. I did notice this fractal though that I'm very interested in watching. I'm going to DCA more in the next few weeks as I think this has decent potential to build a strong position.
Keep on staking and maybe take a nap until the market decides to wake up from it's hibernation.