$ETH has now cleared the untapped highs and is approaching our key resistance zone between $2800-$3000.
This supply zone is the most logical place to expect a rejection and potentially deeper pullback to target the equal lows below us.
If we manage to clear this zone then we will probably leave those equal lows behind.
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Unfortunately we have left the triple lows behind on $ETH for now.
Draws on liq remain both to the upside and the downside- in for some chop imo, let's see how things develop!
Curve coded 🦙
The beauty of an uncrowded, non-consensus trade is that once the coin starts pumping and enters a real bullish trend, the majority keeps fading the first leg of the move. Every green candle gets dismissed the same way "meh, just a short-term pump, let's stay focused on the main runners." Then one day the non-consensus trade finally makes it onto the "main coins to hold" list, except now it's 3-4x higher than where they first ignored it.
Zcash is an obvious trade now but whole CT was spitting on it during the first run as well as during the exploit.
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I'm not into $HBAR (for now), but if you're holding, trading, or thinking about it, I definitely suggest checking out
@CredibleCrypto's technical analysis and all his work.
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"Option 2 would be to wait until the HBAR/BTC pairing (2nd chart) hits the range lows (we are ~18% above right now) and then buy at whatever USD price that equates to."
HBAR/BTC has officially hit our range lows. Option 2 is now IN PLAY.
ARE WE READY HBAR-BARIANS?!
$HBAR
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$HBAR is actually a very simple one- anything in the green zone on the USD pairing is a buy on HTF imo- so:
Option 1 would be to simply ladder bids between .04-.08.
Option 2 would be to wait until the HBAR/BTC pairing (2nd chart) hits the range lows (we are ~18% above right now) and then buy at whatever USD price that equates to.
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Might be time for a new Youtube video soon...
In what world is this a "net positive"? We didn't look down on low caps because we thought they would "hurt our brand", we looked down on mentioning them on the feed because we recognized that there are plenty of bad actors in this space who will actively pump and dump microcaps on peoples heads from untraceable side wallets while posturing as if they are seriously committed to an asset that they couldn't actually give two shits about if this became an "acceptable" thing to do. And now we are seeing exactly that happening en masse. It's absolutely NOT a "net positive".
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The biggest difference I see from here vs last cycle is that large accounts are now very engaged with lower cap coins (sub $50m).
This was not a thing in prev cycles, large accounts used to look down on low caps bc they thought it would hurt their brand. This is net positive.
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Maybe a dip to .32-ish if we are lucky but that's about it before the next leg up on $CRV imo.
Something like that, except you can view the cycle that began in '17 as the final 5th leg of a much larger 5 wave cycle that began at Bitcoin's inception.
In essence, the cycle that began in '17 is the tail end of a larger secular bull cycle on crypto that began in '09.
This 16+ year cycle is a cycle of the highest degree, similar to the bull market we've had on trad equities that began after the housing crash in 2008.
Yes, despite the multiple 80+% crashes on Bitcoin since inception it has still all been in the context of a larger secular bull cycle of the highest degree.
The current rally on $BTC that should take us to new ATH and ultimately a blow off top will be the finale of this nearly two decade long cycle, and what follows will be the largest, most brutal bear market we have ever seen- Bitcoin's first secular bear market of the highest degree, akin to the .com crash that preceded our near multi-decade secular bull run on trad equities (that is also approaching a climax as well).
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This isn’t a new cycle- that’s why alts are “leading”. They aren’t actually leading though, this is the tail end of the cycle that began in 2017 and up until now BTC HAS been leading, as it always does. Now that we are in the final innings of this multi year cycle it’s finally time for alts to catch up. So they aren’t leading, they are actually following BTC because we are in the final innings of the cycle that began when BTC rose up off of 3k back in 2018. This is also why we will see the largest altcoin run since 2017- because that was the last major cycle- and alts run hardest at the END of a cycle.
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This isn’t a new cycle- that’s why alts are “leading”. They aren’t actually leading though, this is the tail end of the cycle that began in 2017 and up until now BTC HAS been leading, as it always does. Now that we are in the final innings of this multi year cycle it’s finally time for alts to catch up. So they aren’t leading, they are actually following BTC because we are in the final innings of the cycle that began when BTC rose up off of 3k back in 2018. This is also why we will see the largest altcoin run since 2017- because that was the last major cycle- and alts run hardest at the END of a cycle.
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First it was $BTC, then it was $ETH,
then it was $XRP, then it was $ZEC,
So dust off those bags and see who's left,
the old guard's back, so who's up next?
$LTC, the silver to the gold,
$XLM and $ADA, the stories of old,
$DOGE off the leash, $LINK off the chain,
$XMR creeping up quietly again.
They called them dinosaurs, they left them for dead,
"Go chase the shiny new thing instead!"
But after the years of sideways and pain,
the OGs are beginning to run the show again.
So laugh at the fossils, go on, have your fun,
the old guard's not finished, they've only just begun...
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Biggest mistake you can make is chasing the market. Major altseason is brewing. Have conviction, stick to your choices, and ride them all the way.
Perspective. Do you see it now?
Looks decent to me tbh.
Kinda crazy how different two people's perspectives can be while looking at the exact same chart.
What I see personally is a 5 year consolidation range- technically neutral on it's own- but the deviation, 1.5 year consolidation below, and subsequent reclaim of the lows makes me believe this is one massive accumulation structure which gives me a strong bullish bias as we approach the range lows.
With a 4x minimum just to get to prior ATH, I think if you're patient here you'll be rewarded.
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Unfortunately we have left the triple lows behind on $ETH for now.
Draws on liq remain both to the upside and the downside- in for some chop imo, let's see how things develop!
Finally taking some of that built up liq on $BTC!
Highs into 82k+ not yet taken...
Meanwhile $BTC has swept higher TF lows but also left behind equal lows on LTF.
Think we may take those if/when we take the triple lows on $ETH.
Lots of liquidity still remaining on $BTC to the upside as well and that's the more significant draw atm imo. Like ETH would prefer to take the equal lows now as opposed to going for the highs first and leaving them behind (potentially for later).
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Some of you guys get too emotional here fam.
What "relative weakness"?
Both CRV/ETH and CRV/BTC are trading higher than they were literally two days ago and both are sitting at their respective bottom/reversal zones.
Focus folks or you WILL miss the forest for the trees.
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We are retesting our historically significant .328 level on LTF here after a LTF reclaim. Ideally we can get another push up to take the resting liq into .36 before a potential pullback (into another higher low). ethereum:0xd533a949740bb3306d119cc777fa900ba034cd52
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Target hit 🎯 $CRV
$CRV with a nice triple tap base forming right here on top of daily demand.
Send it to .35+ with haste 😤
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$CRV with a nice triple tap base forming right here on top of daily demand.
Send it to .35+ with haste 😤