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BTC daily doesn‘t look that great again. However, SPX closed green again. I still don‘t see BTC get rekt giga hard before SPX dives.
Unfortunately, it seems like alts are just no fun…still
Unfortunately, it seems like alts are just no fun…still
Btw, DJI (Dow Jones) is going lower, while SPX goes higher. DJI has less stocks than SPX.
This is healthy as large caps currently get outperformed by smaller stocks.
Stocks follow same patterns as BTC -> ETH -> Alts.
With ETHs ETF inflows to be coming soon, I surely expect more green as long as stocks remain stable or slowly grind up. SPX dump will kill us tho. This is my main indicator right now to decide whether we topped or are just getting started.
This is healthy as large caps currently get outperformed by smaller stocks.
Stocks follow same patterns as BTC -> ETH -> Alts.
With ETHs ETF inflows to be coming soon, I surely expect more green as long as stocks remain stable or slowly grind up. SPX dump will kill us tho. This is my main indicator right now to decide whether we topped or are just getting started.
DiveInDefi
Btw, DJI (Dow Jones) is going lower, while SPX goes higher. DJI has less stocks than SPX. This is healthy as large caps currently get outperformed by smaller stocks. Stocks follow same patterns as BTC -> ETH -> Alts. With ETHs ETF inflows to be coming…
My man Brinkie asked what ETH needs to do to break BTC Dominance.
Great question: we are above this super long downtrend. Technically, ETH is in a great position to rallye.
We might trend down further to 0.05 but this would be a super strong support on ETH/BTC and could be the start of ETH rallyeing and might also mark the start of an altseason. Alts are giga rekt again. At least some relief should be the minimum. Check 0.05 and see if it bounces from there.
Great question: we are above this super long downtrend. Technically, ETH is in a great position to rallye.
We might trend down further to 0.05 but this would be a super strong support on ETH/BTC and could be the start of ETH rallyeing and might also mark the start of an altseason. Alts are giga rekt again. At least some relief should be the minimum. Check 0.05 and see if it bounces from there.
👌1
DiveInDefi
My man Brinkie asked what ETH needs to do to break BTC Dominance. Great question: we are above this super long downtrend. Technically, ETH is in a great position to rallye. We might trend down further to 0.05 but this would be a super strong support on…
*a break of 0.06 ETHBTC is the last reversal signal
DiveInDefi
We need to break upwards this channel. This constant chop is annoying af. But we should finally get to an end soon to decide in which direction we continue. My bias: up, cause of stocks surge
If SPX breaks below 5400, we might get even more bloody ok crypto
DiveInDefi
If we close the daily below 66k, it is sort of over. If we hold 66k, hopium
If below 66k, 57k region
100D MA is at 67.8k. We closed above the previous days. This will be the first below
DiveInDefi
This is exactly what I was talking about. Have seen this so many times with major moving averages like the 100 and 200: It dips below, stays there one day, rekts all the noobs by them having weak hands and selling the bottom. Then the price gets manipulated…
Same situation like here at 58k. We have some time to pump above again.
We need a pump desperately tho. We bounced off 64.8k region.
66k is the 50D MA. A close above 66k is the first step. Need pump above 67k again in the next 2 days.
IF we fail to recover, 64.8k and then we look at the 57k region next.
We need a pump desperately tho. We bounced off 64.8k region.
66k is the 50D MA. A close above 66k is the first step. Need pump above 67k again in the next 2 days.
IF we fail to recover, 64.8k and then we look at the 57k region next.
Oh and BTW, wicks don‘t matter that much. What matters a lot more is the close of the daily and weekly candle (body).
DiveInDefi
This is exactly what I was talking about. Have seen this so many times with major moving averages like the 100 and 200: It dips below, stays there one day, rekts all the noobs by them having weak hands and selling the bottom. Then the price gets manipulated…
1. day close above 66k ✅
2. day no significant downside. ✅
3. day (today) We need a pump to get the nice bear trap reversal. If we fail to get momentum - „falling off a cliff feeling“, we will head lower. 62-63k, then 57k~
2. day no significant downside. ✅
3. day (today) We need a pump to get the nice bear trap reversal. If we fail to get momentum - „falling off a cliff feeling“, we will head lower. 62-63k, then 57k~