DiveInDefi
Link forming a triangle. Usually this is a continuation pattern. In this case ⬆️
Link again testing this uptrend
DiveInDefi
We officially broke out of this rising wedge. If we stay a little above here a bull trap is invalidated and we are ready to giga bull further. However, I expect somewhat of a retrace at 42k. But do not get too bearish quickly. Once BTC starts going, it is…
While BTC has broken to the top and is still above the upper trend, ETH currently working on making this breakout a failure. Tomorrow might be a very good but maybe an extremely bad day..
DiveInDefi
We officially broke out of this rising wedge. If we stay a little above here a bull trap is invalidated and we are ready to giga bull further. However, I expect somewhat of a retrace at 42k. But do not get too bearish quickly. Once BTC starts going, it is…
When in doubt, zoom out.
I just realized for myself: as long as we are abobe the upper trend line, everything is noise and it is good to look for juicy dips on alts.
When/if we break this upper yellow line and close 2-3 Dailys below it (currently 37-38k range) we will have a bull trap and a retest of the lower support will be in for play with a higher likelyhood of failing.
That said: if top break -> retest lower.
If lower breaks -> we might see 30k or even (dips) below 30k once more
I just realized for myself: as long as we are abobe the upper trend line, everything is noise and it is good to look for juicy dips on alts.
When/if we break this upper yellow line and close 2-3 Dailys below it (currently 37-38k range) we will have a bull trap and a retest of the lower support will be in for play with a higher likelyhood of failing.
That said: if top break -> retest lower.
If lower breaks -> we might see 30k or even (dips) below 30k once more
Forwarded from Watcher Guru
Forwarded from Watcher Guru
DiveInDefi
we are good. Looks like end of year rallye going on! :)))
I take this back
DiveInDefi
I start to get paper hands SPX needs to hold this green line for me to hold. I will probably get rid of a smol porpotion if we break down
Another green day. Holding strong. 3.65% until ath. If we just slowly grind through at as well, idk anymore but I am fine. Stocks are very irrational sometimes.
DiveInDefi
Another green day. Holding strong. 3.65% until ath. If we just slowly grind through at as well, idk anymore but I am fine. Stocks are very irrational sometimes.
Also, stocks dont obey TA as well as crypto
I must take some profit at ath tho (stocks), pls remind me of this when we are at ath again.
Forwarded from Moonbags Markets
YouTube
Fed Holds Rates Steady, Jay Powell Speaks
The Federal Reserve held interest rates steady for a third meeting and gave its clearest signal yet that its aggressive hiking campaign is finished by forecasting a series of cuts next year. Chair Jerome Powell speaks in Washington.
#fed #business #economy…
#fed #business #economy…