Pulled out the old $ATOM chart. You can see the major breakdown in the trend and that was then you know it’s probably over. Going to extend that line and see what the upper side of this run can be. Just a premise for now but going to keep it in mind. Average on atom around 5. Seeing the top here around 20. We almost hit 10 yesterday. And hypothetically we want to see it burst through this and get back on trend. #cryptobro
Looking at $BTC here, what I will do is extend my trend line and set up the zone I believe is in play. We also could pump to the moon. If I see much breakdown of this line I will be changing my btc outlook. I was on record saying I had mounting belief we would have a left leaning btc top this cycle putting it in 2024. Hopefully #altsesaon comes and it should, historically come after btc dominance drops. This inflow ideally would be everyone trying to get onside and institutions accumulation tokens for future business activities. With the introduction of corporate and an increased demand on supply; btc just becoming more scarce, the concept of prolonged bear markets or even huge market corrections doesn’t seem as possible as before. Right now my numbers are 85k and 69k for the drops. I haven’t looked at miners supply recently but an increase in selling by them may be a sign of weakness that should be looked at. At some point we will be shifting to a more crypto involved world that will increase demand and we won’t have to worry as much about these steep declines, but there still is a lot of coins that need to die. Stay safe out there and don’t panic lol. #BTCBreaks100K?
First red day, I bet there are a lot of nerves today. I’m taking a breath and staying convicted in my trades. Not much retail here yet, seeing a big inflow, who would it be? Probably big institutions who were offside because they faded #crypto for so long. Seeing crypto searches pick up so there should still be more to come and these levels still should be early for gains in this run. Retail, didn’t pump a trillion into crypto in the last month or however much we have gone up, but it’s a lot. This will be the first cycle we really could have a constant buying pressure from institutions and the corporate side, giving us a better base and less volatility. Pick top coins, hold them for a while and sell them for gains. That’s the best model I have found for gains. Next Friday is Black Friday and it could be interesting but I’m staying bullish and see more up. #cryptobro
Well $WBTC just showed us the bottom. You won’t always get that indicator but hey, they closed the gap for us so who is to complain. If I’m not mistaken that was the bottom cme gap. Quite the wick there😂 #cryptobro
#polygon has no where to go but up or down now. The move is imminent. It will happen before the weekend is over for sure but it could be at close today. #coiled
#polygon is a disaster. Down 75% on the year still while the market flies. Can’t get past this. It’s either explode up or down. The look is down but the time is up. Just based on my crypto activities and needs, it’s my biggest holding. I think I’m going to know how #xrparmy feels 😂🫡💀
The entire market is up hundreds of percent in the last month. You could throw a dart with a blindfold on and hit a winner right now. Stevie wonder has winners. If you are in the red and have loses, you need to look in the mirror and change your investing plan because it isn’t working. #btc #ijustcalledtosayiloveyou
By 2035, 99% of #BTC will have been mined and in circulation. Thats 10 years from now or 2 more cycles. I don’t think really understand this or comprehend this. Yes the last block will be mined in 2140 but in 10 years all the btc is in circulation. If you factor in the 25% lost, satoshi, there is only 15M total supply of BTC, not 21M. We have about a 10 year window until all the money of the future is in circulation so with this what you will. I will tell you I don’t think Cathie Woods is that crazy 😜 #maxi