LIVEUnderstanding crypto
@Understandingcrypto
Crypto enthusiast, Analyst and Educator.
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🚨🚨🚨 Trade Alert:
$1000SATS reached my zone. Even though my analysis would suggest a mind bending rally for this thing, it is indeed a scary game lol.
Please if you buy this, know that it could go to ZERO. I am just trying to catch the next BONK here.
If you really cannot afford to lose anything then just do not buy and instead watch the drama. If you choose to buy this, do only with what you will 100% not mind losing.
$1000SATS reached my zone. Even though my analysis would suggest a mind bending rally for this thing, it is indeed a scary game lol.
Please if you buy this, know that it could go to ZERO. I am just trying to catch the next BONK here.
If you really cannot afford to lose anything then just do not buy and instead watch the drama. If you choose to buy this, do only with what you will 100% not mind losing.
LIVEUnderstanding crypto
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Can 1000sats do a 50x? let's Vé-rify 😉
I firmly believe that memes will remain an integral part of the crypto world. While some may argue that all of them will eventually fade into obscurity and hold no value, examples like Dogecoin and Shiba Inu prove otherwise. Heck, it even appears that Pepe is here to stay too.
I accurately predicted a 57x increase in Bonk's value nine months before its remarkable surge. My reasoning then revolved around the notion that SOL whales would leverage Bonk to draw retail attention to Solana, much as they did during Bonk's launch.
I hold the view that Bitcoin whales might adopt a similar strategy. (And, let's not forget, Bitcoin whales are among the wealthiest players in the crypto sphere). Notably, 1000 sats represent a BRC20 token designed to honor the one and only Satoshi Nakamoto. 😄
Analyzing the chart, it appears to be approaching its bottom, though there remains a possibility of it dropping to 0.0001900 (where I've assessed its price potential). Based solely on my analysis and if my theory holds true, we might witness it skyrocketing to 0.0036593 (an 18x increase) someday! haha
However, I entertain the notion that BTC whales might propel it to $0.01, corresponding to the value of each satoshi if Bitcoin were to hit $1 million per BTC.
Well, perhaps my ideas sound foolish to some, but this is my perspective. I welcome your thoughts and any concerns you might have about this token that I might not be aware of.
I firmly believe that memes will remain an integral part of the crypto world. While some may argue that all of them will eventually fade into obscurity and hold no value, examples like Dogecoin and Shiba Inu prove otherwise. Heck, it even appears that Pepe is here to stay too.
I accurately predicted a 57x increase in Bonk's value nine months before its remarkable surge. My reasoning then revolved around the notion that SOL whales would leverage Bonk to draw retail attention to Solana, much as they did during Bonk's launch.
I hold the view that Bitcoin whales might adopt a similar strategy. (And, let's not forget, Bitcoin whales are among the wealthiest players in the crypto sphere). Notably, 1000 sats represent a BRC20 token designed to honor the one and only Satoshi Nakamoto. 😄
Analyzing the chart, it appears to be approaching its bottom, though there remains a possibility of it dropping to 0.0001900 (where I've assessed its price potential). Based solely on my analysis and if my theory holds true, we might witness it skyrocketing to 0.0036593 (an 18x increase) someday! haha
However, I entertain the notion that BTC whales might propel it to $0.01, corresponding to the value of each satoshi if Bitcoin were to hit $1 million per BTC.
Well, perhaps my ideas sound foolish to some, but this is my perspective. I welcome your thoughts and any concerns you might have about this token that I might not be aware of.
The hash ribbon indicator is flashing capitulation for btc meaning that Bitcoin miners are experiencing significant financial stress. This is often due to low Bitcoin prices or high mining costs making mining unprofitable. Usually we get a BUY signal from the indicator after this and it has proven to be a very accurate indicator over the past years. we will get updated here when and if that BUY signal flashes.
last BUY signal was at 29k/btc.
last BUY signal was at 29k/btc.
My bitcoin dominance updated chart for crypto alt season.
red is for bitcoin season
green for Alt season.
red is for bitcoin season
green for Alt season.
LIVELIVEUnderstanding crypto
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We saw the Bitcoin and altcoin drop in price coming. All you need to know now!
Its important to note that even the drop i'm suggesting does not invalidate BTC ultimate move. We seem to be in the pre-bull as from the blue boxes from the past (reasoning for my thinking that the bull could come sooner than we all expect). The main chart is weekly, the attached chart is zoomed in on the daily. I will include all this in my market market update with timestamps on the vid for your convenience.
#BTC quick update We are now at the higher 69k zone as forecasted earlier. Problem with this is, usually Monday brings the fake move. so the idea of price moving into the 70s as said in our forecast and still having yet another move down still is in play. I'd hope that this would be an "up only" thing but there's good reasons to still expect another bigger drop after this particular move up. will send the zoomed-out preview in a bit!
BTC exchange balances have been dropping since February-March as BTC price hit it's local top. This shows that whales might have been accumulating as price consolidates since then. It does also mean however, that it'll take less fire power to move BTC price both UP and DOWN.
From this, one can conclude that a BTC price drop will most likely just be to shake retail off so that they (whales) can buy even cheaper BTC in preparation for a later rally.
From this, one can conclude that a BTC price drop will most likely just be to shake retail off so that they (whales) can buy even cheaper BTC in preparation for a later rally.
On the inverted SOL chart, one could make a very strong case to suggest that sol has topped.
it really is either something exclusive to SOL will happen for it to dump hard or we are yet to see another bigger market drop.
saying that SOL will go to huge new highs from this particular point would be hoping. Normally i'd target the (A)-(B) region.
Its a really confusing situation tbh. Hopefully it defies the chart and rocket straight up instead (the current chart is inverted!)
it really is either something exclusive to SOL will happen for it to dump hard or we are yet to see another bigger market drop.
saying that SOL will go to huge new highs from this particular point would be hoping. Normally i'd target the (A)-(B) region.
Its a really confusing situation tbh. Hopefully it defies the chart and rocket straight up instead (the current chart is inverted!)
This is Howmuch you would have made if you invested $1000 in Cardano in January 2020-October 2021.
Lesson here is in the end, they’ll call you lucky folks. I know is not an easy grind but hey… that’s literally the reason we get to make it. ✊🏽
Lesson here is in the end, they’ll call you lucky folks. I know is not an easy grind but hey… that’s literally the reason we get to make it. ✊🏽
LIVELIVEUnderstanding crypto
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Brief crypto update celeb tokens, ethereum etf, bitcoin price, bitcoin dominance and others. all you need to know.
@CZ perhaps binance should enable a publish feature on its chart section like tv. That way, one can directly publish his/TA to square and share thoughts.
There is a weekly bullish divergence on eth/btc. (rsi and stoch rsi)
This means there's a very strong chance eth might have bottomed on it's btc pair even though it front-ran my 2.618 fib level by 0.91%.
bullish divergences on the weekly timeframe do not just fade off that easily so this can mean a very strong eth in the coming weeks and months. aka.. good for alts particularly eth l2 projects.
This means there's a very strong chance eth might have bottomed on it's btc pair even though it front-ran my 2.618 fib level by 0.91%.
bullish divergences on the weekly timeframe do not just fade off that easily so this can mean a very strong eth in the coming weeks and months. aka.. good for alts particularly eth l2 projects.
Make sure to buy ALT layer now at 0.32
LIVEUnderstanding crypto
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My outlook for ALT LAYER
I am actually on the camp that it has bottomed and will be headed for the targets above. The second measurement up is extended but the first is ideal and more certain. there'll be a likely retracement there. (so as a trade, thats the TP)
SL should ideally be a daily close below the 0.28 zone (of which i will be surprised if it even goes there.)
If it can retrace to between 0.32 and the higher 0.29 region, it will provide a great risk to reward (RR).
The yellow box price is the fake bottom (at least according with my T.A). True bottom is the (C) so buying into the retracement is really good.
If it has not bottomed yet and is going to continuously put in new lows then i dont know folks because this is a classic textbook EW correction similar to what we saw with stos.
I am actually on the camp that it has bottomed and will be headed for the targets above. The second measurement up is extended but the first is ideal and more certain. there'll be a likely retracement there. (so as a trade, thats the TP)
SL should ideally be a daily close below the 0.28 zone (of which i will be surprised if it even goes there.)
If it can retrace to between 0.32 and the higher 0.29 region, it will provide a great risk to reward (RR).
The yellow box price is the fake bottom (at least according with my T.A). True bottom is the (C) so buying into the retracement is really good.
If it has not bottomed yet and is going to continuously put in new lows then i dont know folks because this is a classic textbook EW correction similar to what we saw with stos.
there's a good chance that ETh will hit 13k this cycle. short term, i think it will be headed for around 4.3-4.6k
Make sure to buy ALT layer now that’s its at 0.31cents. It will go to $2
Make sure to buy ALT layer now that’s its at 0.31cents. It will go to $2
Dump coming for usdtD ?
I cannot confirm a true bottom here on usdtD. Ideally it will end up continuing the dump. this will take btc to north of 77k.
I cannot confirm a true bottom here on usdtD. Ideally it will end up continuing the dump. this will take btc to north of 77k.
My outlook for ALT LAYER
I am actually on the camp that it has bottomed and will be headed for the targets above. The second measurement up is extended but the first is ideal and more certain. there'll be a likely retracement there. (so as a trade, thats the TP)
SL should ideally be a daily close below the 0.28 zone (of which i will be surprised if it even goes there.)
If it can retrace to between 0.32 and the higher 0.29 region, it will provide a great risk to reward (RR).
The yellow box price is the fake bottom (at least according with my T.A). True bottom is the (C) so buying into the retracement is really good.
If it has not bottomed yet and is going to continuously put in new lows then i dont know folks because this is a classic textbook EW correction similar to what we saw with stos.
I am actually on the camp that it has bottomed and will be headed for the targets above. The second measurement up is extended but the first is ideal and more certain. there'll be a likely retracement there. (so as a trade, thats the TP)
SL should ideally be a daily close below the 0.28 zone (of which i will be surprised if it even goes there.)
If it can retrace to between 0.32 and the higher 0.29 region, it will provide a great risk to reward (RR).
The yellow box price is the fake bottom (at least according with my T.A). True bottom is the (C) so buying into the retracement is really good.
If it has not bottomed yet and is going to continuously put in new lows then i dont know folks because this is a classic textbook EW correction similar to what we saw with stos.
serious question folks. whats really coming for us?
Cardano was my biggest gainer last cycle. Infact, i pretty much still leaving off my ada earnings up till now.
anyways when we look at it's charts, it looks like it's at the same spot it was last cycle before lift off.
Now, this is of course good BUT... my issue is, will this bull market just be short lived and we go again to the trenches of the bear next year?
it took 287 days for ada to top after lift off from consolidation in the box.
It cant happen the same this time but if it were to happen then that would be Jan of next year.
I see some signs that we might be taking off soon but i am disturbed on the timing of it.
(i'm not saying that it will go that high btw. thats just a demonstration from past cycle).
Cardano was my biggest gainer last cycle. Infact, i pretty much still leaving off my ada earnings up till now.
anyways when we look at it's charts, it looks like it's at the same spot it was last cycle before lift off.
Now, this is of course good BUT... my issue is, will this bull market just be short lived and we go again to the trenches of the bear next year?
it took 287 days for ada to top after lift off from consolidation in the box.
It cant happen the same this time but if it were to happen then that would be Jan of next year.
I see some signs that we might be taking off soon but i am disturbed on the timing of it.
(i'm not saying that it will go that high btw. thats just a demonstration from past cycle).
