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#bokbok Have we entered buy the dip, face melting bull run yet? $BTC $ETH
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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
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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?
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Fear and greed fell off a cliff #uturn #cryoto
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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
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