FTM is in my opinion very undervalued L1 and I am expecting something like this to play out, I am slowly DCA in right now and will enter bigger position if we get into the yellow. If BTC keeps going down I would not be surprised to see mid $0.2.
My take on the possible path of Bitcoin, on chain data suggest more upside is incoming although I do still expect some sell pressure especially with the FOMC meeting, I think that the bottom is very close.
Exchange balance is at all time low and have been declining steadily during the recent dips which is something that is very different to the May crash.
This is my update on Fantom chart from few days ago.
We continue to be ranging between $1.90-$2.35 and I do expect that to continue for few more days possibly weeks, after such strong rallies it is to be expected and is also a positive sign of things to come.
There are some rumors flying around at the moment and if they do become reality I can see Fantom...
My take on Fantom.
FTM is shaping up to reaccumulate at high levels and range for some time, I am looking for a bounce from $1.95-$2 with possibility of a quick wick below that I expect to be bought up fairly quickly.
Fantom has shown incredible strength over past week when most alts were bleeding and BTC sucking up all the liquidity. TVL has grown...
Clean BTC chart, please take away all your BIASES and always analyse the chart. This looks very bullish in my opinion, don't you think ?
FYI: IT IS INVERTED CHART, I do expect a breakdown soon towards 38k with possible wick to mid to low 30s if we don't climb over 45K soon and set it as a support. I would still expect for BTC to reverse from the lows though and...
