DiveInDefi – Telegram
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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Funny, Saylor and other companies have been loading up and every pump got dumped on.
Forwarded from Market News Feed
BITCOIN DEMAND DROPS AS STRATEGY PAUSES BUYING SPREE, PLANS $4.2 BILLION OFFERING TO BOOST HOLDINGS-FX ...
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Btc just pumped 3k in like 1 second
ETH is breaking out. If we don‘t rug within the next 24h, we go to 3400 next.
Is it really time for altseason?
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DiveInDefi pinned «Is it really time for altseason?»
DiveInDefi
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This looks very topped
DiveInDefi
Very strange dump yesterday. Might have been a short covering dump. If you look at the volume today, we doubled the losses yesterday with the same volume. Very bullish chart but hitting resistance here. If we break 110k, I think we finally might be ripe…
Time to pull out my macro chart again.

Not trying to ruin the party but as I have stated many times before, this yellow circle is the main macro, and therefore most important resistance we have faced in the past years.

These mega trends usually hold.

In case we break this, we are geared up for a mega bullrun. But I am heavily leaning towards a rejection. We can break this but I wouldn‘t count on a fast break.

This does not mean that altcoins can‘t do well in the next days, weeks or months. I think this is a great opportunity for Bitcoin Dominance to crash and give the rest of the market time to breath. Maybe 10K $ETH is the next target?

The target for $BTC is 122k right now.
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DiveInDefi pinned a photo
LTF looks decent
DiveInDefi
Is it really time for altseason?
At least this week, we had altcoin season!
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Expecting some headwind going into the week. DXY bounced off the major support.
DiveInDefi
122k in reach. It is getting very hot in here..
If we close the daily here and keep going, I don‘t see any reason why we can‘t go much higher.

122k was my bearish target but maybe people finally ran out of BTC to sell?
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The best part so far for me is that altcoins consistently keep up and even outperform BTC. This hasn‘t been the case for basically over a year.