DiveInDefi
https://x.com/hodl15capital/status/1756493811428033006
According to this, largest holders are incrasing their bags, smaller selling.
This would align with my feeling that the volume is basically the etfs rn.
It makes sense, all smaller investors fomo‘ed the last year into the etf news.
Now they sell.
Wait till they are done selling and start realizing, that the institutions are actually buying into all of this.
Why are they buying?
Evergrande is dieing, China‘s markets are imploding, US hitting ATHs in debts, banks are dieing, we have crazy inflation world wide and meanwhileSPX hits new ATHs.
Guess what is the solution? Right. It is Bitcoin. It is finally time for BTC to start function as the asset it was designed for: a save asset that is immune to all the manipulation an printing that is going on everywhere.
Oh and btw: alts are still undervalued.
This would align with my feeling that the volume is basically the etfs rn.
It makes sense, all smaller investors fomo‘ed the last year into the etf news.
Now they sell.
Wait till they are done selling and start realizing, that the institutions are actually buying into all of this.
Why are they buying?
Evergrande is dieing, China‘s markets are imploding, US hitting ATHs in debts, banks are dieing, we have crazy inflation world wide and meanwhileSPX hits new ATHs.
Guess what is the solution? Right. It is Bitcoin. It is finally time for BTC to start function as the asset it was designed for: a save asset that is immune to all the manipulation an printing that is going on everywhere.
Oh and btw: alts are still undervalued.
DiveInDefi
BTC
Jup, here we go. Target hit. Now becomes the crucial part: We need to pump through here to invalidate a double top.
What now?
Honestly, there is a lot of unclear stuff ahead. It would be healthy to retest the 48.9k high again and then pump further. Not sure how much relevance this green uptrend has, but we might reject here.
50.000 is a natural resistance.
Other than that, we are are still 19k ish away from ATH with a lot of volume inbetween. We gotta look at it on shorter time frames.
As always, I'll keep you updated. Let us hope we close today above 48.9k.
Other than that, enjoy the ride ❤️
Honestly, there is a lot of unclear stuff ahead. It would be healthy to retest the 48.9k high again and then pump further. Not sure how much relevance this green uptrend has, but we might reject here.
50.000 is a natural resistance.
Other than that, we are are still 19k ish away from ATH with a lot of volume inbetween. We gotta look at it on shorter time frames.
As always, I'll keep you updated. Let us hope we close today above 48.9k.
Other than that, enjoy the ride ❤️
❤1
Forwarded from Watcher Guru
DiveInDefi
BRRR up 5.69% Lmao. Gotta love this. If this ever trades on my broker, I‘ll buy a share just to have one.
Speaking of BRRR, isn‘t it funny, we have 5% interest rate on the USD, yet the money supply has increased already close to 1% in the past 3 months?
DiveInDefi
Retest done and already skyrocketing. Every alt is literally doing the same thing one after another. And it has been a 100% hit rate so far on the falling wedges retests: Avax, Psp, 1inch, Ada and many more. You can find them all in here. Easy gains👌
By the way, I still hold a small bag of PSP and 1inch. Altough there is no hype on them, those dapps will become increasingly important. With so many L2s launching left and right, an aggregator to get you the best rate is literally one of the most handy things.
Rabby and other wallets have been integrating PSP and 1inch into their swap features. Blue chip cryptos on low market caps. PSP is literally in the 500s.
This is a long-term hold but I am pretty sure it will pay off.
Rabby and other wallets have been integrating PSP and 1inch into their swap features. Blue chip cryptos on low market caps. PSP is literally in the 500s.
This is a long-term hold but I am pretty sure it will pay off.
Forwarded from Watcher Guru