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~
DiveInDefi
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~
Good start. Let‘s hope we get some momentum.
Big resitstance is 67k now (unfortunately)
Big resitstance is 67k now (unfortunately)
DiveInDefi
Good start. Let‘s hope we get some momentum. Big resitstance is 67k now (unfortunately)
Downward slope has been decreasing. Decent first signs of a potential reversal
🤞🤞🤞
🤞🤞🤞
DiveInDefi
Downward slope has been decreasing. Decent first signs of a potential reversal 🤞🤞🤞
Good effort so far. Closing the daily above 67k would be a great signal. 2 hours to go
DiveInDefi
Good effort so far. Closing the daily above 67k would be a great signal. 2 hours to go
Daily close was ok. As expected 67k held as resistance. We need a pump follow up here today or tomorrow or we go lower
DiveInDefi
Daily close was ok. As expected 67k held as resistance. We need a pump follow up here today or tomorrow or we go lower
Daily isn‘t over yet. I hope we get some momentum here for a potential LTF double bottom
DiveInDefi
Daily isn‘t over yet. I hope we get some momentum here for a potential LTF double bottom
We didnt. Major support 64.8k hit. If we close the daily below you see the next yellow line
DiveInDefi
We didnt. Major support 64.8k hit. If we close the daily below you see the next yellow line
I do like the wicks we get. Its not pure capitulation, yet. Hard fight between bulls and bears