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#DaanCrypto #BTC_Update Still two major liquidity clusters sitting at ~$67.4K and ~$71.6K. Both of these levels should be watched closely if price were to trade into them. (@FOMO_INSIGHTS) SOCIALS Share with your friends

#DaanCrypto

#BTC_Update

Still two major liquidity clusters sitting at ~$67.4K and ~$71.6K.

Both of these levels should be watched closely if price were to trade into them.

(@FOMO_INSIGHTS) SOCIALS

Share with your friends

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#JA_Maartun Are Miners Capitulation? Hash Ribbons Says Yes 🛠 Hash Ribbons operates under the assumption that such circumstances often coincide with significant price lows for BTC, eventually providing an opportune moment to capitalize on price dips. Typically, this does not happen immediately after the initial capitulation signal from Hash Ribbons, as the process of miner capitulation takes time; rather, it unfolds in the subsequent days and weeks after miners are done selling. @FOMO_INSIGHTS Share with your friends
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#CryptoMichNL #Ethereum is at the end stage of the correction. There's around 10% more to be going down on it, as then we're reaching a higher timeframe support level. The good times are there in a few weeks time. @FOMO_INSIGHTS Share with your friends
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According to SoSoValue, total net inflows into Bitcoin spot ETFs on May 14 were $100.5 million. Grayscale ETF GBTC had a single-day net outflow of $50.9317 million, Ark Invest and 21Shares ETF ARKB had a single-day net inflow of US$133 million, and the total net asset value of the Bitcoin spot ETF was US$50.987 billion. @FOMO_INSIGHTS Share with your friends
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#scottmelker Everyone seemingly wants the Fed to cut rates. There is a wildly popular theory that a Fed pivot is good for markets. It is patently FALSE. After the Fed pivot to rate cuts, the market almost ALWAYS crashes/corrects. Rate cuts generally precede major dips. Let's look at history. 1. Yield Curve Inversion Then Normalization (Blue) 2. Fed Pivot (Red) 3. Recession/Bear Market And Bottom (Black) Maybe this time is different. Maybe not. @FOMO_INSIGHTS Share with your friends
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Price performance since exactly one year ago: $BTC : +131% $ETH : +61% $XRP : +19% $ADA: +21% $DOGE: +111% $MATIC: -22% $SOL: +605% This highlights the importance of asset selection. For example, if you bought MATIC on May 14 2023, you'd be down 22%. If you bought SOL instead, you'd be up 6x. This cycle isn't like the last. Being in the right coins/narratives is key. Opportunity cost can hurt you more than the losses do. @FOMO_INSIGHTS Share with your friends
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