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
Watcher Guru
BREAKING: VanEck officially files for spot Solana ETF. @WatcherGuru
Everything going according to plan except the prices.
Btw, this will dilute BTC and can start the alt season
Btw, this will dilute BTC and can start the alt season
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Forwarded from The Bull
Currently, the BTC weekend trading volume stands at an all-time low of 16% in 2024, marking a 12 percentage point decrease from its peak of 28% in 2019
The Bull
Currently, the BTC weekend trading volume stands at an all-time low of 16% in 2024, marking a 12 percentage point decrease from its peak of 28% in 2019
The longer the volume decrease, the harder the bust.
Low volume is an indicator for a potential reversal. However, BTC is still pretty high. There is room for more bleed unfortunately. I am holding all
Low volume is an indicator for a potential reversal. However, BTC is still pretty high. There is room for more bleed unfortunately. I am holding all
DiveInDefi
The two ranges to watch: break through top, up. Break through bot, down.
ETH inflows could bring new hype.
I am pretty neutral as long as we are inbetween these lines with a bullish bias.
I hope you had a good weekend bros ✌️
I am pretty neutral as long as we are inbetween these lines with a bullish bias.
I hope you had a good weekend bros ✌️
DiveInDefi
ETH inflows could bring new hype. I am pretty neutral as long as we are inbetween these lines with a bullish bias. I hope you had a good weekend bros ✌️
Upward levels to watch are 62.5k and more importantly 63k~
Break 63k downtrend and the show is on.
Break 63k downtrend and the show is on.
👏1👾1
DiveInDefi
Upward levels to watch are 62.5k and more importantly 63k~ Break 63k downtrend and the show is on.
When it goes, it goes quick 👀
Approaching heavy resistance here. I hope we make it 🤞
Approaching heavy resistance here. I hope we make it 🤞
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