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Ben Walther
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Degen mode activated - lol.
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Ansvarsfraskrivelse: Indeholder udtalelser fra tredjeparter. Ikke økonomisk rådgivning. Kan indeholde sponsoreret indhold.
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Tons of short signals on the 4H chart. Let's see how the day plays out. However, although we had a considerable dip today I wouldn't jump on short signals rn. At least not as long as $BTC closes the daily candle above 59k.
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Well, well, well...congrats to everybody who has been trading the short signals on the 1H chart. Looks like you made some nice gains on tokens such as $NOT $RNDR or $CVC
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Watch the tokens which perform relatively well today. Usually these tokens lead the recovery. For example: $LTC $TRX $KNC
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$JASMY approaching the support zone at 0.024 - 0.025. We should see a bounce at this level. If we go lower temporarily, the bulls have to step in quickly and bring it back above the support. A close below the support zone would trigger a stronger downtrend. However, I stick with the scenario I've been discussing for days: the support level holds.
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The Bull Market Hasn't Started Yet 👊 When the market is down on days like today, I often get asked what I think when the bull run is about to continue. My answer is simple: It hasn't even started yet. Here's why 👇 ➡️ What we've seen so far this year are two things: Bitcoin performing exceptionally well, driven by the ETF approval and a meme coin hype. ➡️ The rest of the market has continued to move sideways. Yes, we had some nice pumps, but: - Most tokens are almost back to where they started in January - Many tokens are still at their cycle low in their BTC pair. ➡️ Most tokens are in a downtrend based on their long-term moving average (see screenshot below). This, actually, is the last thing you expect in a bull run. ➡️ The total crypto market cap is still below the value of the ATH in November '21 Here's how it feels when the bull run starts 👇 🚀 Altcoins will gain incredible strength in their Bitcoin pairs (actually the most crucial indicator). 🚀 The majority of the tokens will move above the EMA200 quickly. 🚀 The overall market cap will start climbing at a massive pace (during the last bull run, the market cap grew ~800% compared to the previous ATH). Therefore, monitoring BTC pairs is essential since this is an early indicator of positioning yourself. $BTC #BULLRUN24 #bullrun2024📈📈
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