DiveInDefi
$OTHERS still on this bullish pennant. Usually breaks out to the top. I will get bearish if we break below which would be a confirmed trend reversal. So far, it remains bullish.
I actually feel bearish as well. Many factors are critical.
However, I can only repeat myself: Everyone bear posting is usually good. I remember at 15k, many were calling for 12k.
Bearish sentiment creates extreme fomo when it turns around quickly.
And this is why I think this chart is very important. $OTHERS is every altcoin except TOP 10. The TA is clearly bullish here.
There are people accumulating. Always keep in mind: every sell is a buy. Every buy has no profit at current levels. It is weak hands to strong hands. Every buyer at this level will be in a loss if we go down from here.
However, I can only repeat myself: Everyone bear posting is usually good. I remember at 15k, many were calling for 12k.
Bearish sentiment creates extreme fomo when it turns around quickly.
And this is why I think this chart is very important. $OTHERS is every altcoin except TOP 10. The TA is clearly bullish here.
There are people accumulating. Always keep in mind: every sell is a buy. Every buy has no profit at current levels. It is weak hands to strong hands. Every buyer at this level will be in a loss if we go down from here.
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$TOTAL3 (excl. BTC & ETH) is also bullish at the current moment.
Bearish sentiment is wrong. Only Stocks are shaky at the moment but we are still at ATH. Market is undervalued to the current moment
Forwarded from Watcher Guru
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@WatcherGuru
@WatcherGuru
The most bullish thing that could happen is a consolidation above 100k until Q2. Noone is prepared for that
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DiveInDefi
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$TOTAL3 LTF. Everything is looking pretty good at the moment. I turn bearish on charts.
A price is an information where all the psychological effects are priced in and yet the chart looks good.
Looking at all coins in an index tells you much more than some bags that are still underwater. Not everything will hit previous ATHs and should be expected.
On a higher time frame, all alts have a last leg up missing.
A price is an information where all the psychological effects are priced in and yet the chart looks good.
Looking at all coins in an index tells you much more than some bags that are still underwater. Not everything will hit previous ATHs and should be expected.
On a higher time frame, all alts have a last leg up missing.
https://x.com/HadickM/status/1882858357998191025
Here you see the reason why alts are doing terrible.
As stated previously: When new people join crypto and lose money -> they don't have interest in exploring more.
All the rugging in Solana is toxic to the market as a whole. The majority loses while only a few make good money. And I doubt that these people buy ETH or DeFi afterwards.
Here you see the reason why alts are doing terrible.
As stated previously: When new people join crypto and lose money -> they don't have interest in exploring more.
All the rugging in Solana is toxic to the market as a whole. The majority loses while only a few make good money. And I doubt that these people buy ETH or DeFi afterwards.