DiveInDefi
We wicked through again but closed above. Same story as before: stay above today, pump tomorrow/within the next 2 days or we go lower.
Well, unfortunately we went another leg down. I drew the next levels for you guys
A few days ago I talked to someone who knows nothing about financial markets. I respect that person but not on any financial discussion.
He told me that he sold all his stocks recently with decent profit and rotated into nvidia. It is now „cheap, only 130$“.
I said, it is currently sitting at ath and is the most valuable company in the world. He responded „good, it will keep going“
I opened a 2x short that night and am up 20%…
As soon as Coinbase is #1 in the app stores, I will exit my alt positions.
He told me that he sold all his stocks recently with decent profit and rotated into nvidia. It is now „cheap, only 130$“.
I said, it is currently sitting at ath and is the most valuable company in the world. He responded „good, it will keep going“
I opened a 2x short that night and am up 20%…
As soon as Coinbase is #1 in the app stores, I will exit my alt positions.
DiveInDefi
A few days ago I talked to someone who knows nothing about financial markets. I respect that person but not on any financial discussion. He told me that he sold all his stocks recently with decent profit and rotated into nvidia. It is now „cheap, only 130$“.…
Good possibility it topped.
Long term 55-60$ target.
Will be true poison for all other stocks and crypto markets tho…
Long term 55-60$ target.
Will be true poison for all other stocks and crypto markets tho…
DiveInDefi
Well, unfortunately we went another leg down. I drew the next levels for you guys
Good possibility that we get some relief rallye now
❤1🙏1
DiveInDefi
Well, unfortunately we went another leg down. I drew the next levels for you guys
Next support to be hit soon.
Wen max pain?
Wen max pain?
DiveInDefi
Not getting much lower for today here.
I guess I lied. But we must hold this. 57k wick would be acceptable
DiveInDefi
I guess I lied. But we must hold this. 57k wick would be acceptable
Not very convincing volume for a bottom. This sell off combined with the low volume = not good.
Still we should hold this yellow line at least 1-2 days
Still we should hold this yellow line at least 1-2 days
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Alts usually bottom before BTC does. But we can have continuation. There is a good chance we have bottomed here. Would be a higher low. But can also be the beginning of the end.
Next days will decide
Next days will decide
DiveInDefi
Alts usually bottom before BTC does. But we can have continuation. There is a good chance we have bottomed here. Would be a higher low. But can also be the beginning of the end. Next days will decide
Biggest Support: 200D MA. This is the most important level to watch. Yellow line is less important
DiveInDefi
Biggest Support: 200D MA. This is the most important level to watch. Yellow line is less important
The two ranges to watch:
break through top, up.
Break through bot, down.
break through top, up.
Break through bot, down.
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DiveInDefi
The two ranges to watch: break through top, up. Break through bot, down.
Anything between is pretty irrelevant for the macro trend. It would be good if we hover above the green line/200D MA/ yellow line. If we start consolidating below, I will remind you again :)
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…
ETHBTC Update: We finally broke this massive downtrend properly. I wouldn't expect much more downside for eth.
Forwarded from Watcher Guru