Maybe Gensler was the one who sent out the fake news to prove a point and be able to reject all the ETFs tomorrow
DiveInDefi
ETHBTC hitting this resistance again. If we break, we are finally ready
ETHBTC trying to break out
Forwarded from Moonbags Markets
X (formerly Twitter)
Safety (@Safety) on X
We can confirm that the account @SECGov was compromised and we have completed a preliminary investigation. Based on our investigation, the compromise was not due to any breach of X’s systems, but rather due to an unidentified individual obtaining control…
DiveInDefi
Was fun while it lasted..
We made it over the resistance again and it is looking like we are forming an ascending triangle here. This is super good news for ETH - finally.
One more thing on sell the news psychology: people want to speculate and get hyped - this works best on some rumours - like a potential ETF approval. People think they are super early and feel like insiders which creates fomo.
As news come out and there is no (short-term) goal to look out for, some people start taking profits which leads to the majority to panic that the news might have been less impactful and the market suddenly seems overbought for them - sell the news red candle.
This is what we saw yesterday with ETH as first people immediately rotated into ETH as this will be the next fomo hype building after BTC ETF. This aligned with expectation of ETH pumping after ETF approvals of BTC. To be fair, I didn‘t expect it to start literally minutes after the BTC news.
One more thing on sell the news psychology: people want to speculate and get hyped - this works best on some rumours - like a potential ETF approval. People think they are super early and feel like insiders which creates fomo.
As news come out and there is no (short-term) goal to look out for, some people start taking profits which leads to the majority to panic that the news might have been less impactful and the market suddenly seems overbought for them - sell the news red candle.
This is what we saw yesterday with ETH as first people immediately rotated into ETH as this will be the next fomo hype building after BTC ETF. This aligned with expectation of ETH pumping after ETF approvals of BTC. To be fair, I didn‘t expect it to start literally minutes after the BTC news.
DiveInDefi
We made it over the resistance again and it is looking like we are forming an ascending triangle here. This is super good news for ETH - finally. One more thing on sell the news psychology: people want to speculate and get hyped - this works best on some…
Maybe this fake approval - like the one on 25K which showed everyone that ETFs weren‘t priced in on BTC, similarily is the starting-signal for ETH as many realize that it is undervalued right now.
Forwarded from CryptoQuant
Change bets
"Open interest in the Bitcoin futures market plummets and fails to recover, while open interest in the Ethereum futures market surges."
― Link
by crypto sunmoon | @cryptoquant_official
"Open interest in the Bitcoin futures market plummets and fails to recover, while open interest in the Ethereum futures market surges."
― Link
by crypto sunmoon | @cryptoquant_official
Forwarded from Binance Futures Liquidations
🟢 #ETH Liquidated Short: $1.33M at $2419.61
DiveInDefi
We made it over the resistance again and it is looking like we are forming an ascending triangle here. This is super good news for ETH - finally. One more thing on sell the news psychology: people want to speculate and get hyped - this works best on some…
By the way, I am not saying giga long ETH - we are at a meaningful resistance, 4th try so next one might push through. And ETHBTC is playing into this. We gotta wait if we break this level and if so, this is the time to get truely excited.
We can still have a correction today on news - either way how they play out.
We can still have a correction today on news - either way how they play out.
No matter what happens today: I would highly recommend you to refer from using high leverage. The chance you get rekt hard, even if you are right on the direction, is super high due to crazy expected volatility
DiveInDefi
$COIN Coinbase looks fucked. there is something up...
trying to get up again, this would be bullish
Coinbase looking like that gives me a bad feeling into the ETF. They got the most insiders... next move will determine direction