Watcher Guru
BREAKING: 🇩🇪 Germany's government sells off all of its Bitcoin holdings, totaling $2.9 billion. @WatcherGuru
Such a dumb decision. They will buy back at a higher price in 1-2 years.
DiveInDefi
Good news everyone! We have a clear path. - 200D MA reclaimed ✅ - big spike even piercing my resistance zone ✅ - we now must defend the 200D MA which is 59.4k currently.
Chart looks bullish here. However, we hit the next and bigger resistance here at 63k.
I personally expext it to break with a dip/slowing movement here.
If we break 63k -> higher low confirmed.
If we fail to break 63k -> bull trap still in play.
I personally expext it to break with a dip/slowing movement here.
If we break 63k -> higher low confirmed.
If we fail to break 63k -> bull trap still in play.
DiveInDefi
One last push over 64.8k pls 🤞
This was expected.
Hitting support here. If we bounce up from 62k, the structure would be butter smooth 🙌
Hitting support here. If we bounce up from 62k, the structure would be butter smooth 🙌
DiveInDefi
This was expected. Hitting support here. If we bounce up from 62k, the structure would be butter smooth 🙌
Butter smooth and now we start eating the 64.8ks
DiveInDefi
Butter smooth and now we start eating the 64.8ks
Structure wise on point - a retest of 64.8k. We can go higher now.
Turns out that Trumps VP is giga bullish on crypto. He wants to ease many crypto laws and hates Gensler.
This is a great potential accelerator for the anticipated alt season.
This is a great potential accelerator for the anticipated alt season.
On another note: stocks like Nvidia and other semiconductor companies are currently weak aftermarket.
They have, for the most part, solely moved SPX for the past half year.
That said, if they dump = bad for SPX, bad for everything else.
If they dump but people rotate into smaller stocks = good for the market.
It is long overdue that rotations happen. The market hasn‘t been this unbalanced for years. A balacing is hat we need to avoid a nasty market crash.
Tl;dr:
If Nvidia et.al. ⬇️, rest ⬆️ = moon
If Nvidia et.al. ⬇️, rest ~~ = we are going to have a very unpleasant time unless you are in cash or gold.
They have, for the most part, solely moved SPX for the past half year.
That said, if they dump = bad for SPX, bad for everything else.
If they dump but people rotate into smaller stocks = good for the market.
It is long overdue that rotations happen. The market hasn‘t been this unbalanced for years. A balacing is hat we need to avoid a nasty market crash.
Tl;dr:
If Nvidia et.al. ⬇️, rest ⬆️ = moon
If Nvidia et.al. ⬇️, rest ~~ = we are going to have a very unpleasant time unless you are in cash or gold.
DiveInDefi
On another note: stocks like Nvidia and other semiconductor companies are currently weak aftermarket. They have, for the most part, solely moved SPX for the past half year. That said, if they dump = bad for SPX, bad for everything else. If they dump but…
SPX fell out of this ascending triangle.
As described above, this is only critical if it affects the lower valuated stocks. If it only affects the semiconductor industry, it isn‘t as bad and should not affect crypto that much.
As described above, this is only critical if it affects the lower valuated stocks. If it only affects the semiconductor industry, it isn‘t as bad and should not affect crypto that much.