Forwarded from Watcher Guru
JUST IN: 🇺🇸 US House Financial Services says "classifying ETH as a security contradicts previous statements of the SEC and Chair Gensler."
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This is bad. Next support is 52k.
I won‘t touch anything anymore until we get above 58k again
I won‘t touch anything anymore until we get above 58k again
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Different view, valid. But this also means that we are sitting at a super critical point
Alts hit big support here.
Some alts outperformed BTC the past 24h. This is why I am so bullish on alts generally here.
They all corrected already, bitcoin didn‘t. Not saying we can go lower. I just highly doubt we go much lower. Most alts didn‘t make new lows as well.
If we break lower, expext another -50% tho.
I‘ll stay all in. Don‘t follow my trades here tho, I might be very wrong. We are sitting at last support before we get into max pain region.
Some alts outperformed BTC the past 24h. This is why I am so bullish on alts generally here.
They all corrected already, bitcoin didn‘t. Not saying we can go lower. I just highly doubt we go much lower. Most alts didn‘t make new lows as well.
If we break lower, expext another -50% tho.
I‘ll stay all in. Don‘t follow my trades here tho, I might be very wrong. We are sitting at last support before we get into max pain region.
It is simple, you don‘t get rich buy selling the -50% dump.
Not saying you should always hold till death. But you should sell when everything is green for days and weeks. Not when it dumps.
And you should buy when shit hits the fan, not when everyone is hyped af.
Not saying you should always hold till death. But you should sell when everything is green for days and weeks. Not when it dumps.
And you should buy when shit hits the fan, not when everyone is hyped af.
DiveInDefi
It is simple, you don‘t get rich buy selling the -50% dump. Not saying you should always hold till death. But you should sell when everything is green for days and weeks. Not when it dumps. And you should buy when shit hits the fan, not when everyone is…
Well you can wait with buying for bullish reversal confirmations always ofc to be sure. Not needed to catch falling knives.
https://x.com/cryptocred/status/1785962363222384845
Good take.
In my opinion the bullish signal on the LTF is 60k break and succesfull retest from above.
As long as we are below 60k, it is looking pretty bad chart wise and we can for sure see dumps to 52k region next.
Good take.
In my opinion the bullish signal on the LTF is 60k break and succesfull retest from above.
As long as we are below 60k, it is looking pretty bad chart wise and we can for sure see dumps to 52k region next.
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Cred (@CryptoCred) on X
$BTC
Adding to that: the 100D MA is significant and acts as resistance.
We need to make sure to not consolidate too long here. The longer we are below, the more likely a further downtrend is.
In the past a breakdown of a major MA indicator wasn‘t the end as long as we made it back up fairly soon after. This is what I am watching right now.
We need to make sure to not consolidate too long here. The longer we are below, the more likely a further downtrend is.
In the past a breakdown of a major MA indicator wasn‘t the end as long as we made it back up fairly soon after. This is what I am watching right now.
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Capo stopped being a perma bear and his new TAs are actually not bad. I approve this TA right here.