30k is the worse case scenario that can happen (maybe a wick below). We wil only break it if we get a rejection of the ETFs. Don't let some attention seekers get you out of your bags. Be carefeul who you let influence you :D
DiveInDefi
30k is the worse case scenario that can happen (maybe a wick below). We wil only break it if we get a rejection of the ETFs. Don't let some attention seekers get you out of your bags. Be carefeul who you let influence you :D
Oh and I personally think the two circles are the worse cases on a a sell the news dip. Wicks below can always happen when we get high liquidations. I think the upper circle is possible, if at all…
Altough everyone is bearish right now (at least the big red numbers across the board indicate it and the first people I know and trust are selling their bags), I do see 4 completed waves up on the major coins like Avax, SOL and others that have driven the recent uptrends.
If you ask me, just from a TA perspective, there is one last bigger wave up. It can be truncated, but this would at least mean one last attempt to break the highs.
It feels like we are overbought and it felt to good to be true lately. It is always good to take profits and not be overinvested. I wouldn‘t be too bearish too quick.
Especially, because everyone, their mother, sister, uncle, dad, stepdad and teacher is talking about nothing but a sell the news. Maybe we are pricing in the sell the news already as we get super bullish news left and right, indicating that the ETf decisions are pretty much done.
I am not telling you to buy, hold, sell or whatever. Everything in here is no financial advice anyways. Just don‘t let your emotions drive your decisions (fomo goes is both directions)
I‘ll back my assumption up with a few charts:
If you ask me, just from a TA perspective, there is one last bigger wave up. It can be truncated, but this would at least mean one last attempt to break the highs.
It feels like we are overbought and it felt to good to be true lately. It is always good to take profits and not be overinvested. I wouldn‘t be too bearish too quick.
Especially, because everyone, their mother, sister, uncle, dad, stepdad and teacher is talking about nothing but a sell the news. Maybe we are pricing in the sell the news already as we get super bullish news left and right, indicating that the ETf decisions are pretty much done.
I am not telling you to buy, hold, sell or whatever. Everything in here is no financial advice anyways. Just don‘t let your emotions drive your decisions (fomo goes is both directions)
I‘ll back my assumption up with a few charts:
DiveInDefi pinned «Altough everyone is bearish right now (at least the big red numbers across the board indicate it and the first people I know and trust are selling their bags), I do see 4 completed waves up on the major coins like Avax, SOL and others that have driven the…»
DiveInDefi
Altough everyone is bearish right now (at least the big red numbers across the board indicate it and the first people I know and trust are selling their bags), I do see 4 completed waves up on the major coins like Avax, SOL and others that have driven the…
$AVAX truncated finish and extended finish of the uptrend. 5th wave can be underwhelming and go crazy. Both is somewhat normal for it. Remember, we still down 76% from ATH (without including the inflation in the meantime)
DiveInDefi
Altough everyone is bearish right now (at least the big red numbers across the board indicate it and the first people I know and trust are selling their bags), I do see 4 completed waves up on the major coins like Avax, SOL and others that have driven the…
$SOL 64% down from ATH (also excluding inflation)
DiveInDefi
$SOL 64% down from ATH (also excluding inflation)
Also, we haven‘t left the uptrend channel, yet.
DiveInDefi
Also, we haven‘t left the uptrend channel, yet.
There are other examples like $UNI as well with clear 5 waves completed. UNI has already retraced 50% from the local top. My entry would be $5.33 if it would retrace a little more. (Not buying more uni anways, though)
DiveInDefi
Altough everyone is bearish right now (at least the big red numbers across the board indicate it and the first people I know and trust are selling their bags), I do see 4 completed waves up on the major coins like Avax, SOL and others that have driven the…
$DOT has completed 5 waves but also already close to finishing its ABC correction. (87% down from ATH but has insane inflation, care)
DiveInDefi
Altough everyone is bearish right now (at least the big red numbers across the board indicate it and the first people I know and trust are selling their bags), I do see 4 completed waves up on the major coins like Avax, SOL and others that have driven the…
The only issue remains that BTC has not properly corrected yet and has not seen it‘s 4th correction wave. The small shakeout we had this week does not seem to be enough and a proper retest of the upper rising wedge would be great. This is also my main bear target.
The question remains how much alts would suffer if we correct there. Given that most blue chips, aside from Avax, Sol and a few others just barely did a 2x, yet - I am not too concerned on the longer time frame considering their downside.
The question remains how much alts would suffer if we correct there. Given that most blue chips, aside from Avax, Sol and a few others just barely did a 2x, yet - I am not too concerned on the longer time frame considering their downside.
Forwarded from Watcher Guru
JUST IN: BlackRock expects its Spot Bitcoin ETF to be approved on Wednesday, Fox Business reports.
@WatcherGuru
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DiveInDefi
Sui has been playing out great so far. I would expect we take one or two more dips until we will break the top. 4th or 5th attempt usualy breaks a resistance like this in an ascending/decending triangle
Next rejection on SUI as expected. Next pump might do it, if not we get another last dip but this should seal the deal for new highs✌️
Forwarded from CryptoQuant
BTC fluctuated due to ETF news, but HODLers did not move
"Yesterday's price action did not seem to have made much of an impression on investors who endured the 2019-2022 cycle."
― Link
by Yonsei_dent | @cryptoquant_official
"Yesterday's price action did not seem to have made much of an impression on investors who endured the 2019-2022 cycle."
― Link
by Yonsei_dent | @cryptoquant_official
Forwarded from Watcher Guru
JUST IN: 🇺🇸 SEC Chair Gary Gensler says "fraudsters continue to exploit crypto assets...to lure retail investors into scams."
@WatcherGuru
@WatcherGuru
Today, I'll give you guys some TAs on fresh coins that I haven't ta'ed here before. I personally don't hold any of these and am looking for some entries on some to farm some airdrops.