On another note: we just hit the previous high a few days ago of 65400. there is a good possibility we take another dip here. Wouldn‘t expect too much downside from here tho.
(Further up is also possible ofc. Wouldn‘t fomo until we confirm further up at this current price)
(Further up is also possible ofc. Wouldn‘t fomo until we confirm further up at this current price)
Forwarded from Watcher Guru
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You know why alts just don‘t move?
Usual people like you and barely bought any Bitcoins on the lows.
It was Blackrock. The pump from 40-70k were all the financial institutions that bought the ETFs.
Usually, BTC pump -> ppl sell BTC to buy alts -> alts pump.
There is not enough BTC to sell of regular ppl to pump alts.
On top of that, so many new alts that are diluting their supply non stop just soak the few profits of many.
The few degens left gamble memes.
This literally is the state of the market.
Usual people like you and barely bought any Bitcoins on the lows.
It was Blackrock. The pump from 40-70k were all the financial institutions that bought the ETFs.
Usually, BTC pump -> ppl sell BTC to buy alts -> alts pump.
There is not enough BTC to sell of regular ppl to pump alts.
On top of that, so many new alts that are diluting their supply non stop just soak the few profits of many.
The few degens left gamble memes.
This literally is the state of the market.
DiveInDefi pinned «You know why alts just don‘t move? Usual people like you and barely bought any Bitcoins on the lows. It was Blackrock. The pump from 40-70k were all the financial institutions that bought the ETFs. Usually, BTC pump -> ppl sell BTC to buy alts -> alts…»
DiveInDefi
You know why alts just don‘t move? Usual people like you and barely bought any Bitcoins on the lows. It was Blackrock. The pump from 40-70k were all the financial institutions that bought the ETFs. Usually, BTC pump -> ppl sell BTC to buy alts -> alts…
Doesnt mean alts dont/or can correct upwards. But we should have insane prices right now and we are 10x away from that.
DiveInDefi
On another note: we just hit the previous high a few days ago of 65400. there is a good possibility we take another dip here. Wouldn‘t expect too much downside from here tho. (Further up is also possible ofc. Wouldn‘t fomo until we confirm further up at this…
support hit right here. lets see how we behave here.
Forwarded from Watcher Guru
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DiveInDefi
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Nailed it. Chart is bulish. 3rd hit on that 66500 resistance. 1 or 2 more to go for break. I expect a break today.
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Everyone was so bearish everywhere that I was too scared to post it here. In fact that was the pico bottom
Forwarded from DiDDiscussions
I am very cautious to call any bottoms. But I would be hella surprised if alts go much lower. Yet, we can still do much more down. I guess stock market will decide.
DiDDiscussions
I am very cautious to call any bottoms. But I would be hella surprised if alts go much lower. Yet, we can still do much more down. I guess stock market will decide.
Oh and yes: stock market decided. Also it will decide when the party is over.