30k was sure to happen but I would love to see a 32k and a little above priced $BTC ,then it is all over for below 30k priced $BTC and you would never believe that we where once stuck at a 17k -26k for almost 2 yrs
Another thing to keep look at is the volume. The demand(euphoria) when we had a bounced from 17k to 31k back to 24k.The new volume need to show up translating to real demand not just for BlackRock and Invesco's bitcoin ETF application waves.
Those volume need to start reflecting real institutional dig on the meal.
Looks Like $XRP verdict will launch this bull run.. Today was a win for the community..
Looking back to 4 yrs ago when i join this crypto via binance,a lot have happened . We have made it this far and still pushing to make it. And we will..💪
If you are a long term investor,chillax and let the noise blow out.
As an experienced trader(Day or swing trading),you must have close all your positions(long) & shorts (activate SL) and if you are not,the wise thing to do is to stay away from all margin or leverage calls given to you by your trading gurus. Dont let the greed milk your bag dry.
If you have any risk aversion strategy,this is the best time to activate them (Mine is "The wait it Out strategy) 👇 and wait.
Also stay close to aunthentic crypto communication channels,not fudders.
Its FUD season once again and the FOMOS will end up becoming the victims.
Stay safe!!
LIVE
sylcrypt
--
The Wait It Out Strategy.
In my little trading experience,i have a self thought trading strategy known as "wait it out strategy"
I call it so because this is the period i do nothing but rather wait on the market to show me its hand.How? 1.I am neither team bullish nor bearish. 2.Neither team short nor long 3.I do everything by doing nothing.
Okay! I have to share this again because I believe that many investors are getting stucked on bad investments as result of what i call the cheap crypto pick up lines!
I believe you've seen some crypto enthusiasts or influencers repeatedly circulate this cliché like a litany.
''In 2008 you missed BTC
In 2009 you missed ETH etc...
I am telling you today ''PLEASE DO NOT not to fall for this hogwash again''!
There is nothing like missing out in crypto. In my years of experience as a crypt
#lunc has been showing off a bullish reversal pattern for weeks now.It just needed a little push...like the news within the community to increase the burn tax and push the price to $1(I am against though...build a honest project with formidable utility that can renact investors trust,that's all.Increase burn tax is like a quick fix for a worse final outcome)
Done about 26% already from the last LL of .000079
I still maintained 50% run up before major correction.Anythhng more is added bonus.
Strategy: ladder the trade(take bonus in % parts and dca on pull backs)
LIVE
sylcrypt
--
$LUNC- Double Bottom
$lunc currently giving off a DB pattern on almost all the time frame..a buliish reversal sign..
Regardless of $btc mood in the coming days, this will do like 40-50% run form the current price action.
I don't know but any good news is a big news in crypto no matter' how small...i mean Do Kwon been granted bail and all. Could that be the reason for the bullish sentiments.
In my little trading experience,i have a self thought trading strategy known as "wait it out strategy"
I call it so because this is the period i do nothing but rather wait on the market to show me its hand.How? 1.I am neither team bullish nor bearish. 2.Neither team short nor long 3.I do everything by doing nothing.
Just like we have bitcoin halving,Litecoin,a POW asset also undergoes its own halving circle every 4 yrs on Litecoin blockchain.
What this means is that the the block reward splits and reduces every 4 yrs,thus lowering the rate at which LTC is generated. Currently,the LTC blockchain reward is 12.5LTC and after this upcoming halving on the July 28th,the new block reward will be 6.25LTC
LTC is approximately expected to end by the year 2142. Max expected LTC supply is 84M and so by the year 2142,it is expected that this total LTC is mined
On the chart below,looking the 3-D TF,LTC below a $100 is always a good buy. Some minor pull back expected with btc touching down around $25,200 support.
This has been consolidating and Oscillating for 6weeks in between .2c and .4c
Currently hanging on a Weekly 200MA support at .23c,old 'R' flipping as a new 'S'.
One problem though; The volume need to improve for a reasonable bounce because it looks like both the buyers and the sellers are exhausted or that the AI mojo is not working anymore?
Lower your expectations on #memes if $btc start making a positive move to like 35k because those profits from meme will flow into 4btc and other utility coins
Get in; get out! Don't get greedy.
The steam will die.
Applying the Elliot waves on the hourly TF,below is what my chart is telling me on $PEPE for now.
$GALA V2 Upgrade Last week,i was scammed off my $gala tokens via a fake TG support group. Even with my experience,i was still scammed to send my tokens to a fake smart contract for V2 upgrade....Lol!
I began asking questions i should have asked before but thedeed is already done. The bottom line was that i lost my tokens.
So,for the upcoming upgrade on the 15th,if you have your tokens on your wallets,Eth chain,do nothing.A snapshot will take place on the 15th of May & tokens will be airdropped at ratio 1:1. This will only happen on Eth chain native $gala tokens.
Therefore,if you are holding on other chains,bridge back to Eth asap, Also if your tokens are staked on any LP,remove them or else you will miss the airdrop & end up holding worthless V1 tokens. I am bullish on $Gala.
A daily closing of $btc at about $28,8k and above will have the market gunning for $35k btc in the coming weeks.
Volume: Again,i am so particular on the demand and supply pointing out the investors sentiment the volume(+) need to come in for this to happen. Looking forward to see more $btc off the CEXs.
$lunc currently giving off a DB pattern on almost all the time frame..a buliish reversal sign..
Regardless of $btc mood in the coming days, this will do like 40-50% run form the current price action.
I don't know but any good news is a big news in crypto no matter' how small...i mean Do Kwon been granted bail and all. Could that be the reason for the bullish sentiments.