ETH is overcooked and oversold. RSI is over 80. ETH has overshot daily EMAs and almost looks parabolic. So? Buy the dip. If we're LUCKY we could see a 2021-capitulation-fib-0.382 retracement bounce. I doubt it will go there, but the 0.5 is more possible and a convergence of the daily 21EMA over the coming week is even more likely than that. I put bids on all...
Quick trade setup here. Right now I'm just bored with our sideways 30-40k movement going on for well over a month. Its actually a pretty easy range to be trading in right now, so I might as well do a trade or two while this boring time accumulating keeps grinding on. NOTE: I am not a trader and do this for fun a few times per year/quarter. I am a longterm...
So this will be mostly my bearish scenario here, but I think its worth posting about. BULLISH: - We broke out of downward channel - Every single bit of FA is bullish (El Salvador + Brazil, Panama, Tanzania, Costa Rica, Mexico, Paraguay, Kenya, etc....bitcoin = legal tender!) - Saylor is about to close his $488M debt notes at any time now (over $1.5bn of interest...
This is a highly speculative post. I just have a feeling, that we havent been in this range long enough, for the elites to buy what they want. This crash was extremely manipulated for big money interests to get into bitcoin given how many of them have finally realized it is the apex asset of the human race and they needed to get in. Elites and big money of course...
AAVE showed incredible strength during the last bull run up. It is in the top 3 of all DeFi protocols and the TVL just keeps going up: people want to keep their finances in AAVE more and more. I was a late comer to the AAVE coin. I only started investing in it about 8 months ago. Most of my gains were wiped out in the capitulation but there is a clear 100% gain...
So we all got a kick in the teeth, and a big reminder: these assets are still manipulated by super economic interests (such as the Chinese govt, wall street, banks...) We also got a firm reminder that crypto markets always need to cleanse themselves of DEGENS and SHITCOINS. (Like DOGE and all the SHIBA AKI INU MOBI KIKU BISU MOON MOON! degen nonsense) Capitulation...
Overall review/thoughts on capitulation event: see linked ideas below ETH is right now in a very strong position. All charts (1h, 2h, 3h, 4h, 12h, D) are showing ETH regaining above EMA's quite well. As of RIGHT NOW, ETH is sitting on the FIB retracement AND a whole bunch of EMAs on all time-frames. I think ETH will be able to hold above this level, but if we...
For those of you who are not new to crypto - you might as well just skip this post - because all this info you already know. For the rest of you - look at the chart. This is the crypto market. Look at the last long-term bullrun 2017-2018, where we had multiple major dips and even capitulation events. From -32% to -69% within short time periods (days or...
I wrote a reply to some guy, in some thread, and I think its worth just making a timeline-post here about it..... Copy/paste: @ArtfulDodger1974, dont worry nothing here will fall. I can tell you confidently that I do business with whales, HNI, etc --- big and smart money. They are going into crypto big. Just yesterday - an example: Steve Cohen manages $22bn and...
So as we have said since March (first post march 25th on BTC, and 4 more since then) - we have been waiting for and expecting a big correction back to a few key critical things: 1) BTC has been way over-extended (all the cryptos have), and desperately needs a retouch of supports. 2) BTC desperately needs to retouch the 10W and preferably also 20W MA's....
Looks like BTCUSD has a decision here to make. Right now, we are looking at an attempt to break back into the ascending channel that we have held the entire bullrun so far. This converges with some thick MA lines as well, as you can see in the chart. They are resistance as of this writing. So we either will break above, bounce back down to retest support and then...
As a TRADE, you will ultimately WIN by SHORTING DOGE.... I wouldnt recommend it, because there seems to be allot of new supply of r-tard degens willing to give us their money, and they dont even know what DOGE is... Since I've already gotten filthy rich from you degens I feel its time to tell you thank you and explain to you what r-tard degens you are: So - this...
1) Ripple is going to "win" their case vs the SEC....."win" implying, that they dont "lose", basically, because SEC = US Govt = Largest Organized Criminal Organization in human history.... 2) XRP will be re-listed on US exchanges 3) US retail and institutional will be allowed back in... 4) None of the above is going to happen anytime soon, but what WILL happen is...
CRV is, I believe, one of the few coins left that you can still make massive gains on, which is also part of the mainstream DeFi ecosystem. I have no idea why, but CRV is still UNDER ONE BILLION$ MARKET CAP! For the amount of TLV and usage and cross-chain and liquidity and etc etc etc etc that CRV already has (and has had for quite some time now) - its really...
Well, looks like my post about CRVUSD yesterday breakout upwards came true. Looking at the chart, we see a pretty massive increase in volume pushing this over the wedge pattern it was in. Congrats to those of you who took my post yesterday and bought some - we are already up 10-20%. We now look at retesting the wedge support line which is the pattern previous...
After ETH hit a new ATH and BTC didnt even budge, I think what we are looking at is a setup for a major market correction, after which we will see new ATH's across the board in a massive and unprecedented pumps that will take the overall crypto markets to new levels. We have been expecting BTC to retouch its weekly support MA's for a long time, and it hasnt....
Here I am demonstrating market momentum trajectory in a super simple way where, in fact, you can fully understand market cycles and trend in a likewise super simple way. Basically think of market momentum and trend as a measurement of the angle above 0 degrees. Positive trend = positive angle = bull market Negative trend = negative angle = bear...
As per my previous posts, it does look like BTC has rejected the upward channel we previously held for the entire bullrun up to this point. The re-entry back into the channel also coincides with 10D and 20D MA's which were also rejected. Now we are most likely to go down and retest 50D MA and 100D MA. The 100D MA, over the next weeks, will run up and meet what I...