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.
69 followers seems to be a natural resistance for my channel, same as 65k for bitcoin.
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I think the golden times of 100x on utility coins are over. We are barely gonna hit much beyond 10x unless its a meme coin. However, downside is also further limited. The main issue I am seeing on this market right now is the constant crazy printing of major alts like SOL, AVAX, DOT etc. Teams constantly sell their tokens holding down prices.
Still, meme coins have a much higher risk of losing it all. You have to play each segment differently.
Still, meme coins have a much higher risk of losing it all. You have to play each segment differently.
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