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DiveInDefi
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Crypto, economics, TA & shitposting.

All my personal thoughts. I am not a financial advisor and all my posts are no financial advice! Do not take my words for your
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DiveInDefi
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Zoom in: we are pushing through right now. If the daily closes above, this is very big
Its hard to say that we are still in a bear market. Bitcoin clearly is not anymore.

30-33k resistance weakens a lot. One more push and we should break this 🫡
DiveInDefi pinned «Trading is no prophecy. It is making the right decisions: If this, then that.»
The next dip/ sell off will decide on how we continue the next days/weeks.

If it is sharp and long-> liquidating all the longs but then gets eaten up by fomo quickly is the best thing that can happen going forward.
Lets see what the next days will bring. Very important and exciting days ahead
Here we go. This is invalidates everything on the bear side. Etf approval seems to be very close.
I dont care what anyone says: BTC >33k = bull market.
Unless we dump very heavily soon or etf gets denied in the last second, we are in a bull market.
For alts all you have to do is to see when ETH is starting to catch up, alts are gonna moon very soon after.
Forwarded from Watcher Guru
JUST IN: BlackRock's iShares Bitcoin Trust has been listed on the DTCC (Depository Trust & Clearing Corporation).

@WatcherGuru
When we have the etf and stocks are dumping with the economy tumbling over, this might be actually giga bullish for btc
Still loads of alts that havent properly pumped yet. They will follow eventually but bear in mind, btc might outperform most of them for some while. Still not too late to scoop some good deals.
🟢 #ETH Liquidated Short: $2.06M at $1807.17
Once we confidently break 33k and btc starts going, we will see a non stop pump to 37-42k. I guess it will happen with the etf approval. Now with etf priced in I would be surprised if we break 33k in the next days/weeks (unless the approval comes)
JTs analysis of btc.D
Looks about right to me.
Long story shortfor whats happening next:

My personal plan: get ready for that 31k~~ ish retest and buy my remaining stack for the bullrun.
No financial advice
Bear scenario: rising wedge breakdown. Imo possible if etf refusal . I am not expecting this but it needs to be considered to be prepared.
(If this then that)
Btw SXP about to close above the 200D MA
DiveInDefi
Bull scenario
100% as expected :)
Are we really gonna get another leg up just yet?
👍2
7 days green in a row. Expect a dip soon.