DiveInDefi
Giga Bullish!
Some background info:
There were two factors that were causing a non-stop sell pressure:
1. Miners obviously, now with the halving their sell pressure also halved.
2. GBTC as people were rotating. Now with the 0.15 fee, they are the cheapest but not that much cheaper than the others. So I expect this rotation on ETFs to calm a lot now.
As long stocks hold up, we should get a good consolidation. As alts are down so much, we should be primed for an alt season from here in the consolidation. When we consolidate in this 60-73k range for a long time, it can establish a new bottom and make us ready for another vertical push once we get new ATHs on BTC.
There were two factors that were causing a non-stop sell pressure:
1. Miners obviously, now with the halving their sell pressure also halved.
2. GBTC as people were rotating. Now with the 0.15 fee, they are the cheapest but not that much cheaper than the others. So I expect this rotation on ETFs to calm a lot now.
As long stocks hold up, we should get a good consolidation. As alts are down so much, we should be primed for an alt season from here in the consolidation. When we consolidate in this 60-73k range for a long time, it can establish a new bottom and make us ready for another vertical push once we get new ATHs on BTC.
DiveInDefi
Some background info: There were two factors that were causing a non-stop sell pressure: 1. Miners obviously, now with the halving their sell pressure also halved. 2. GBTC as people were rotating. Now with the 0.15 fee, they are the cheapest but not that…
A breakdown of 60k invalidates this.
DiveInDefi
$UOS as expected confirmed the breakout with still 10% up on the daily so far. I expect this to further fly to 0.47 next with some more consolidation.
UOS had a crazy rallye after my call here.
When you took profits - good.
I didn‘t but it is sitting at my previous entry and hasn‘t recovered unlike many others. I doubled my bag here.
When you took profits - good.
I didn‘t but it is sitting at my previous entry and hasn‘t recovered unlike many others. I doubled my bag here.
Forwarded from Watcher Guru
JUST IN: 🇺🇸 Multiple SEC lawyers resign after a federal judge sanctioned the agency for false statements & abuse of power in a crypto case.
@WatcherGuru
@WatcherGuru
Bearish ofc. But I never expected ETH ETFs to be accepted this early. We will need a lot of work to get them approved. As we haven‘t seen any real alt szn yet, I kinda feel like we might have to wait for the ETH ETFs to have a more probable approval chance
Forwarded from Watcher Guru
DiveInDefi
Higher low formed plus we are above 64.8k again. Good.
BTC ended up printing a doji on the daily.
Unfortunately, we close below 64.8k. A doji can be a reversal candlestick. We need to trend upwards now as it shows an indecisive market.
Unfortunately, so far we have been trending slighty downwards. Let us see. Stocks are about to open slighty positive
Unfortunately, we close below 64.8k. A doji can be a reversal candlestick. We need to trend upwards now as it shows an indecisive market.
Unfortunately, so far we have been trending slighty downwards. Let us see. Stocks are about to open slighty positive
DiveInDefi
BTC ended up printing a doji on the daily. Unfortunately, we close below 64.8k. A doji can be a reversal candlestick. We need to trend upwards now as it shows an indecisive market. Unfortunately, so far we have been trending slighty downwards. Let us see.…
Not looking good tbh. Currently sitting at the doji low.
A breakdown from here likely makes us retest 60k
A breakdown from here likely makes us retest 60k
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All bearishness aside: Hong Kong approving the ETH ETF puts pressure on other countries as well as the US. This is super bullish in general.
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DiveInDefi
Not looking good tbh. Currently sitting at the doji low. A breakdown from here likely makes us retest 60k
Slow bleed over the weekend. Golden pocket broken.
Need to find support asap. A short squeeze is possible but looking at this picture, a 60k retest looks most likely of these options.
I expext an extremely volatile week ahead. Make use of it and don‘t fomo/panic either way. Get a plan ahead and execute.
Need to find support asap. A short squeeze is possible but looking at this picture, a 60k retest looks most likely of these options.
I expext an extremely volatile week ahead. Make use of it and don‘t fomo/panic either way. Get a plan ahead and execute.
DiveInDefi
Slow bleed over the weekend. Golden pocket broken. Need to find support asap. A short squeeze is possible but looking at this picture, a 60k retest looks most likely of these options. I expext an extremely volatile week ahead. Make use of it and don‘t…
SPX futures have opened the daily in the green. If stocks pump, we should find a bottom soon on BTC
DiveInDefi
Slow bleed over the weekend. Golden pocket broken. Need to find support asap. A short squeeze is possible but looking at this picture, a 60k retest looks most likely of these options. I expext an extremely volatile week ahead. Make use of it and don‘t…
Update: above the golden pocket again.
Not all hope is lost for a bullish reversal, yet!
Not all hope is lost for a bullish reversal, yet!
If I remember correctly, we have spot ETFs in Canada, US, Hong Kong and soon Australia? I am pretty sure many countries are already working on their own format already.
The US approval was the biggest step for mass adoption. There is barely any stopping now. The only question remaining is how long it will take.
The US approval was the biggest step for mass adoption. There is barely any stopping now. The only question remaining is how long it will take.
Forwarded from Watcher Guru
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