Dump
BTC SUPPORT LINES AND GAME OVER RIP LINE. This chart I am showing you what I think are the support lines that must hold or down to the next is 100% guarantee. Note the 3k line IF we go down that far must hold or DEFI is dead and all coin is nothing but a memory of how the world lost money. Also know that the longer we go down and stay down, the bigger the recovery will be. This is crazy and stay clear of alts, some will die. My TOP TEN LIST, of coin I think will recover best are in no particular order are. BTC, ETH, SOL, MATIC, CRO, SHPING, DOT, AVA, ADA, UNI. No I did not list meme coins because they are manipulated by twitter critters who just smell MUSKY to me. I think 10K is going to hit and I hope hold, but no one knows anything anymore at this point, Best of luck to you all, I might place some more at 10K but I want to see 3 steps up before I go long with a real investment. It will go up, just have to wait months or years, No one knows anymore, until lending coins stop failing. But things happen in 3's and watch for big time regulations to hit hard as feds get protective due to all them crying eyes who did not believe the crash, heck, this deep down got me off guard. I thought 23K would be it. I was wrong. Be safe, Be smart, and get wealthy my friends.
a BTC correlation that no one talks aboutSomething I'm wary of are geopolitical events under the hood. Past capitulations of $btc required that $usoil AND traditional markets to decline. So far, USOIL has not seen a capitulation, and a BTC bottom might not be confirmed until USOIL reverses and finds its bottom.
Macro indicator & misc. targets update:
6/03/22
Current Price: $29,700
RSI 3W: 2.7 points from bottom
BB %B 3W: Bottom hit
CCI 3W: Bottom hit
CMF 10D: Bottom hit
MFI 10D: Bottom hit
200W EMA: $27,100 - hit
200W MA: $22,100 - n/a
200W SMA: $17,700 - n/a
85% drop: $10,000 - n/a
Recession/Major US war involvement: $4,000 - n/a
Bitcoin was created out of the ashes of the global financial crisis, it *should* do well in the face of another one; however, that's ultimately up for the people to decide. May the odds ever be in your favor.
Thanks for playing
Relationship Between BTC.D and BTC price and Altcoin priceshello friends today i want to tell you how can you peredict altcoins behavaior according to the
bitcoin price and bitcoin dominance.
so come with me to say you how it works:
liek you can see in below chart :
if BTC price increase and BTC .D( Bitcoin Dominance) increase too ====> Altcoins price decreases.
if BTC price decrease and BTC .D increase ====> Altcoins price Dump and decrase heavy.this is dump phase.
if BTC price go sidewalk(without up or down) and BTC .D increase ====>Altcoins price dont change and this is accumulation phase.
if BTC price increase and BTC .D decrease ====> Altcoins price increase quickly and this is altseason.
if BTC price decrease and BTC .D decrase too ====> Altcoins prices go sideways.
if BTC price go sidewalk and BTC .D decrease ====> Altcoins prices increase.
hope this article be useful for you.
please support me for more useful subjects.
thanks friends.
THE BIG SHORT 2.0Please tell me I'm wrong!
I see a Head and Shoulder Pattern approaching the Neckline on US100 aka Nasdaq...
TSLATSLA may bounce off the given buy zone.. and then get right into the next buy zone in the 400's
Watch for a move above that 727 level. 820 can come if it breaks above there.
Continued selling of course can follow still in the days to come as we've seen the last few weeks, although I can not ignore my support levels that I mapped out weeks ago prior to these levels being now reached.
400's load up.
KNC Unfortunately I seem to have run out of image copy/paste into chart. However my analysis of KNC using data from Nansen.ai is that KNC has some way down still. On the 15th of May whales dumped the token and now it is no longer one of their major holdings. With this in mind I dont expect it to sustain the current relief pump. My best guess is that we will see the bottom be touched a number of times from here.
Overall since September 21th the trend on Kyber V2 is down in terms of weekly DEX trades.
In terms of transactions the majority of transactiosn are to and from CEX exchanges. Unfortunately with the exception of FTX there is currently a higher inflow of tokens towards exchanges than outflow.
Overall I am confident that long term (Possibly when FED returns to neutral policy), KNC will thrive as a token as certain levels of interest have been touched creating a fostering ground for future value. However, in the short term, I expect the bottom of to be touched at least one more time. Overall whales have not started buyign back the tokens they disposed of on the 15th of May.
ETHUSDT MAJOR SUPPORT!!! *SOON 600*ETHUSDT is at major support level which if gets broken ( I think it will) we will see very bearish movement to downside.
Why 600?
This is first support level which can show some sign of support .
You can see it pumped so much without any small pullbacks to feel imbalances in market and now they need to be filled.
I think it will break down because of bitcoin also being very bearish. This isnt move that will happen in week or month.
It will take good amount of time for ti to reach this level
But this year looks like it will be very bearish till the end.
This is not financial advice, I am just sharing my opinion.