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.
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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.
Let's start with $TIA.
We have made 5 waves up and completed the first macro wave up. We are still above the major uptrend and I would remain bullish until we break it (yellow line).
I did a small buy here in the upper zone.
It is important to note, that we have regular bearish divergence on the daily chart which is a reversal pattern and TIA has not seen any proper correction, yet. As it is a new coin, we might not even correct further for now if the hype is still going. If we break the uptrend, I would look for an entry at around 7.4-7.6
We have made 5 waves up and completed the first macro wave up. We are still above the major uptrend and I would remain bullish until we break it (yellow line).
I did a small buy here in the upper zone.
It is important to note, that we have regular bearish divergence on the daily chart which is a reversal pattern and TIA has not seen any proper correction, yet. As it is a new coin, we might not even correct further for now if the hype is still going. If we break the uptrend, I would look for an entry at around 7.4-7.6
$SEI has finished its 2cnd wave up. I would load up at around 0.46-0.5. Not sure if I personally will buy some though.
MACD is just crossing over, RSI is continously overbought which is not a problem right now.
One more leg down is very possible to the above region though, Nevertheless, It is also possible that we have bottomed already and the next leg is loading.
MACD is just crossing over, RSI is continously overbought which is not a problem right now.
One more leg down is very possible to the above region though, Nevertheless, It is also possible that we have bottomed already and the next leg is loading.
$Osmosis looks super bullish here. Risk of a double top is in play as we have some bearish divergence on the MACD, RSI looks good so far.
Generally, Unless we break the yellow steep uptrend, I would expect new ATHs. I personally would look to buy when we touch the uptrends or if we make a new ATH and retest the ATH from above. I woudln't buy here in the middle of nowhere as it is for me a coinflip right now where we head next.
Generally, Unless we break the yellow steep uptrend, I would expect new ATHs. I personally would look to buy when we touch the uptrends or if we make a new ATH and retest the ATH from above. I woudln't buy here in the middle of nowhere as it is for me a coinflip right now where we head next.