X(Twitter)🌐: @josnbulls. Once a critic, now an avid crypto advocate & Investor. Blockchain & NFT enthusiast. Learning trading from the highs and lows everyday.
Dear FOMO buyers, Newbies and late coming retailers, please keep buying the top and selling the bottom.
The market is shaking out all those late overconfident longs and new retail noobs who think they're the Bulls and making money in crypto is super easy. 😂
How many times do I need to say "Crypto isn't for the weak"
Please don't leave crypto and keep doing what you're best at.
Else how whales, HNI's & smart retailers will make money? 🤭
WazirX (WRX) Crashes 50% On Binance Delisting And Fresh Probe.
WazirX (WRX) price slipped more than 50% today after Binance announced the delisting of the token and the Delhi High Court ordered a fresh probe on the hack case after the highly efficient DelhiPolice produced a "No Case" report on the hack.
📊 Finally it started to dump after forming the "Triple Top" and now it'll bleed even further. 📉
I expected a bearish flag breakdown and it seemed to be appearing at times as well. But it was a bit early to call andthat's how the liquidity grab concept works and it broke above the flag.
BTC made a new ATH, the dominance went up accordingly and after completing the top it's going south ⬇️
The time has arrived. Recent highs will be broken again, ATH of the previous cycle will be met again and we'll witness another exciting journey ahead.
That bearish flag on hourly time was the last resort to test those support zones in altcoins and without fail it attempted to break the resistance trendline.
But the trend is bearish on the BTC dominance chart and we went through that obstacle at the start of the week. So the price is respecting the bearish flag pattern.
And what a bear trap it was!!
Now when the resistance $2900 has been retested and got rejected, BTC.d will head straight towards the support trendline. Once that lower trendline is broken, the last support will be tested once.
Dear fam, welcome to the beginning of the next leg of the altseason.
That bearish flag on hourly time was the last resort to test those support zones in altcoins and without fail it attempted to break the resistance trendline.
But the trend is bearish on the BTC dominance chart and we went through that obstacle at the start of the week. So the price is respecting the bearish flag pattern.
And what a bear trap it was!!
Now when the resistance $2900 has been retested and got rejected, BTC.d will head straight towards the support trendline. Once that lower trendline is broken, the last support will be tested once.
Dear fam, welcome to the beginning of the next leg of the altseason.
Panic Selling, FUD; Is This How You're Going To Win This Altseason?
The Major Alts Are Forming Bullish Flags, The Altseason Has Already Started And Then There's This Rumour Of Another Crash 🤦🏼♂️
Are you really looking at those charts?
No you're not.
Because some loser staring at those 15 min charts won't get you anywhere with those illogical predictions. Some Tap Tap Telegram Noobs claiming to be Technical Analysts won't get what a 4 year cycle means and how an altseason holds the significance to change lives.
But still I'll keep doing my job
This is just Sol and XRP. One on the 4H chart and another on the daily charts. XRP has already broken out of the Flag and will do a retest.
Looking further down in Sol, we have got a "Bullish Harami" pattern on the 4H chart which is a Bullish sign and the flag on the daily chart can't get better.
Do you really think Sol has hit a new high, just to retrace back and go further down?
No Sir! We're looking at $750-800 a piece at the peak of this cycle.
And this is not it. On the 4H chart Trb, Injective, Tia, Wld, Uni and many more have formed Bullish flags.
I have added more XRP to my spot bag and now my avg stands at $0.64 a coin.
Get your attention to those higher time frames and stop being a clown staring those 15 mins or even lesser ones.
💸💸💸 But the question arises how long is it going to sustain?
Yesterday it almost made it to the $4K level, broke above that descending trendline and did a successful retest. But we witnessed a rejection from the upper band (Bollinger Band). It again surpassed $3950 today which is the local resistance and got rejected.
The good news is it is still holding above the $3900 level and staying comfortably above the local support $3800. Although technical indicators are Bullish on the 1H, 4H & daily chart. All we need is a closing above $4K on the daily chart.
The volatility remains high after the Monday crash and even after a strong rebound we need to be watchful. Be careful with those longs and mind the leverage. A ray of hope comes in as Saturdays are mostly bullish in a bull run.