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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If it wasn't Sunday, I'd be pretty excited here.

However, we might just scam dump tomorrow again with heavy resistance at 89k

Let's see how the coming week starts..
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This is the first healthy price action I am seeing in weeks.

Reclaim >90k and we are kind of back. Before that, it is all hopium unfortuntely.
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🇺🇸🐶 #DOGE #ETF Dogecoin's ETF launch failed to attract any inflows, highlighting troubling trends in the market. link
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Second retest
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As long as we stay >90k, I believe we can be very very hopeful. So hopeful, that it is more than hopium :)
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Gm
In all seriousness, we are still below the 50W MA. First time since March 2023. Current level is 102.4k. We need to break upwards to make this a very big bear trap. Not sure if we can. Last days pump is mainly due to being oversold and SPX jumping quite nicely. It is way too early to celebrate unfortunately.

Coming back over 103k would be the full bullish move.

Before that, we need to remain over 90k
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Actually looks promising on ETH/BTC.

!If! we hold here and break the upper green line, we could see some nice days on ETH.
LTF looks decent for BTC. Probably gonna see another leg up if stocks play along
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Nvidia rallye looks kind of exhausted.

If I'd made a bet, I'd say sideways/down.

The question is: will profits flow into other stocks/assets?
Past days have shown a clear yes with Alphabet and others pumping quite nicely - holding SPX up.
If this would continue, it would be very healthy for the market but of course there is a big risk of a market wide correction as well.