BOTTO: betting on new a projects (1)BOTTO is a very interesting project even for a person like me who thinks NFTs are just pictures and doesn't buy them. It combines a generative AI, NFTs and the community which governs the AI creations. To me it's really interesting because is something that doesn't works without humans and, to be honest, because I really like the pictures (yeah the NFTs) it produces. I think it could work so I bought some in this price area but just a little bit. If it behaves well I plan to add more to my bag.
On weekly timeframe, according on how the week will close we could see one last red candles so... better not to buy too much right now but retracement is between 0.618 a,d 0.786 Fib lines so I also FOMOed as I didn't want to miss.
For more information check their website
www.botto.com
I'll try to share more about new projects I'll pick
Botto
Botto/WethAi artists are all the rage at the moment, looks like a macro 1, 5 wave with an abc on top, broke resistance left on the chart, could be good from the lows, good extrapolations from there, assuming it doesnt get rugged on the way, no idae about the project itself just charting the structure. dyor
An important flashback to a previous Adam and Eve Double bottomhere we have on the 1 day chart, back on a very important day in bitcoin(September 15th, 2017), something extremely worth noting the importance of. You can see where I've circled on the volume chart the tall green bar for that day...this green bar just so happened to be the biggest bull volume swell of the entire year of 2017 and it was exactly 3 months later on December 15th that bitcoin hit it's all time high. I originally assumed that this volume bar was the main catalyst for that all time high and later after the low in February, when we received yet another huge bullish volume burst that was even somehow slightly bigger than this one, I anticipated that we may get lucky and reach a new all time high 3 months from february 6th (May 6th)....at the time I had only that to go on...until the possibilities of an Adam and Eve double bottom to lift us out of are current dip started becoming a real possibility and then I decided to look back to this september catalyst to check and low and behold we formed an adam and eve double bottom during its volume spike too...which further convinces me both that we are about to have a valid adam and eve double bottom...and an eventual bullish breakout that then eventually leads to a new All time high. This is nothing but a little bit of history repeating...so if we do complete this adam an eve double bottom I think a new all time high around may-june is entirely feasible. I haven't heard anyone else yet say they spotted this so I wanted to be the first to put this idea out there to help get others to notice it...I haven't checked the moving averages with it but it wouldnt surprise me if there was a death cross somewhere around this time frame too...I will check after I initially post this idea and if there is I will notate it in the update section. Cheers!