DiveInDefi
XLM finally moving. Last big resistance before the next move to 0.2
$XLM resistance broken. I am expecting 0.162 to break rather quickly. 0.198 next major resistance.
DiveInDefi
I am happy as everyone should be right now. However, be careful. Hitting 0.786 here. We are still in my "bear case box" which ranges to 60-62k ish. If we break above this, I am more and more bullish. Either way: Alts are still undervalued and today might…
I'd say this BTC bear scenario is invalidated. Next up a potential double top play which I don't think is going to be a thing. Of course, we will not break it on first attempt. I don't think we will double top at 70k tho.
I bought some more mining stocks here.
Altough it makes sense, that now:
- Halving reduces mining fees -> less money for miners
- People bought mining stocks before instead of BTC itself, now they buy ETFs
However, they have well underperformed lately, hence I am doubling down here.
Altough it makes sense, that now:
- Halving reduces mining fees -> less money for miners
- People bought mining stocks before instead of BTC itself, now they buy ETFs
However, they have well underperformed lately, hence I am doubling down here.
Forwarded from Watcher Guru
JUST IN: BlackRock files to purchase Bitcoin ETFs for its Strategic Income Opportunities Fund.
@WatcherGuru
@WatcherGuru
DiveInDefi
I bought some more mining stocks here. Altough it makes sense, that now: - Halving reduces mining fees -> less money for miners - People bought mining stocks before instead of BTC itself, now they buy ETFs However, they have well underperformed lately…
- Riot Platforms
- Hut 8
- Hive Digital Technologies
- Bitfarms.
Check them out.
- Hut 8
- Hive Digital Technologies
- Bitfarms.
Check them out.
DiveInDefi
Well, It was right for a few days. Yesterday we pumped hard and just broke the ATH on SPX with a successful retest on the 5m chart. Let us see if we close above.
SPX red day while BTC hits ATH.
We are now facing the lower support channel again. We are still in that rising wedge. It is getting very dangerous. Best case would be a decouple of BTC to the stocks. Hasn't happened before tho.
We are now facing the lower support channel again. We are still in that rising wedge. It is getting very dangerous. Best case would be a decouple of BTC to the stocks. Hasn't happened before tho.
👏1
We are in either one of the two potential situations right now:
1. Last reset before the real bullrun starts (my bias)
2. We just topped. (Capo bias)
Both possible tho
1. Last reset before the real bullrun starts (my bias)
2. We just topped. (Capo bias)
Both possible tho
DiveInDefi
I'd say this BTC bear scenario is invalidated. Next up a potential double top play which I don't think is going to be a thing. Of course, we will not break it on first attempt. I don't think we will double top at 70k tho.
Absolutely expected. What happens next is what matters:
- forming an ascending triangle to the ATH: new ATHs.
- slowly dieing momentum: double top
- forming an ascending triangle to the ATH: new ATHs.
- slowly dieing momentum: double top
Is the market reset enough for the biggest alt season you have ever seen that will blow fucking faces away?
Forwarded from Watcher Guru