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…
Last leg up for btc brewing before we get proper rejection (etf might change ta here)
DiveInDefi
Last leg up for btc brewing before we get proper rejection (etf might change ta here)
Break this and we are happy
Powell: we are please with the progress but we need to see if it continues.
As discussed in here with Dennis, I am convinced we wont see any further hikes. The only question remains when we start first hike lowerings
As discussed in here with Dennis, I am convinced we wont see any further hikes. The only question remains when we start first hike lowerings
🔥1
Forwarded from Watcher Guru
JUST IN: 🇺🇸 FED Chair Jerome Powell says "we are pleased with the progress on inflation."
@WatcherGuru
@WatcherGuru
Powell: this inflation has been very different as we had a higher demand but lower supply.
Is this time really different?
Is this time really different?
Forwarded from Binance Futures Liquidations
🟢 #BTC Liquidated Short: $79.3K at $44448.60
DiveInDefi
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…
Just basic Elliott Wave Theory for you guys:
We are approaching wave 5.
- Wave 5 can end at last high: $44.700~ (truncated)
- Wave 5 can be kinda short: 48k ish
- Wave 5 can giga extend: moon.
All of this above would be wave 3 of the 5 waves up of this bullrun.
Meaning: 1 larger correction and one last larger upmove that either gives us a double too or ultra bullrun.
If this theory above is correct, we are less than half way through the macro bullrun right now.
If you personally ask me, that is also what my gut tells me.
We have been macro up only for 12 months. Either way, I would be very surprised if we do not get a big retracement soon again.
Maybe something like 2017/2018 when btc peaked at Christmas with a altseason an January and then big retracement. However, I do not see a long-term bear market next year but a bigger retracement before further up only.
Current uncertainty for me: I am not 100% sure if we completed wave 4 down in the macro wave 3 up(I am talking about the middle part, between macro point 2 and 3, purple box that has not properly been hit, yet). If we didn’t finish this, and not going to hit it, we got another bonus upmove in the sleeves. That would mean next retracement will be small again and one more upmove before the bigger correction.
We are approaching wave 5.
- Wave 5 can end at last high: $44.700~ (truncated)
- Wave 5 can be kinda short: 48k ish
- Wave 5 can giga extend: moon.
All of this above would be wave 3 of the 5 waves up of this bullrun.
Meaning: 1 larger correction and one last larger upmove that either gives us a double too or ultra bullrun.
If this theory above is correct, we are less than half way through the macro bullrun right now.
If you personally ask me, that is also what my gut tells me.
We have been macro up only for 12 months. Either way, I would be very surprised if we do not get a big retracement soon again.
Maybe something like 2017/2018 when btc peaked at Christmas with a altseason an January and then big retracement. However, I do not see a long-term bear market next year but a bigger retracement before further up only.
Current uncertainty for me: I am not 100% sure if we completed wave 4 down in the macro wave 3 up(I am talking about the middle part, between macro point 2 and 3, purple box that has not properly been hit, yet). If we didn’t finish this, and not going to hit it, we got another bonus upmove in the sleeves. That would mean next retracement will be small again and one more upmove before the bigger correction.