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.
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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
DiveInDefi
https://x.com/coinapprankbot/status/1765044639189303401
We still have a bit of upside left
DiveInDefi
SPX can be the decisive factor.
SPX isn‘t looking good again. This time there isn‘t nvidia quarterly earnings report to pump the market again. Hopefully it doesn‘t rekt crypto
We mighr have another slower retest of the lows left in the tank. Not 100% sure tho.