I promised you guys a market update, so here it is.
For the entire market stocks/crypto my outlook is optimistic. 0.786 fib retracement is holding strong for the S&P 500. We are having higher highs, with RSI still having room to go higher. Handle bounces makes this support strong as we are getting many shooting star candles.
Keep in mind, and do not get fooled by RSI. While we are overbought, we can stay in overbought for a prolonged time.
Worst case I see is another bounce from the 0.786, and then we finally break 6000 again.
Once we break 6000, 6500 will be extremely fast. Crypto right now is "boring" hence why NFT's are popping. We are just waiting for a confirmation from the S&P to break 6000 for confidence.
Be loaded up in altcoins. Bitcoin dominance is highest it has ever been this cycle, and what comes up most come down, as I see the BTC.D chart as an oscillator instead of a trend.
AI is oversaturated, SOL memes are too paper hands and diluted.
Strong players i see are SUI, and large cap ETH Memes.
For the entire market stocks/crypto my outlook is optimistic. 0.786 fib retracement is holding strong for the S&P 500. We are having higher highs, with RSI still having room to go higher. Handle bounces makes this support strong as we are getting many shooting star candles.
Keep in mind, and do not get fooled by RSI. While we are overbought, we can stay in overbought for a prolonged time.
Worst case I see is another bounce from the 0.786, and then we finally break 6000 again.
Once we break 6000, 6500 will be extremely fast. Crypto right now is "boring" hence why NFT's are popping. We are just waiting for a confirmation from the S&P to break 6000 for confidence.
Be loaded up in altcoins. Bitcoin dominance is highest it has ever been this cycle, and what comes up most come down, as I see the BTC.D chart as an oscillator instead of a trend.
AI is oversaturated, SOL memes are too paper hands and diluted.
Strong players i see are SUI, and large cap ETH Memes.
SolChains
I promised you guys a market update, so here it is. For the entire market stocks/crypto my outlook is optimistic. 0.786 fib retracement is holding strong for the S&P 500. We are having higher highs, with RSI still having room to go higher. Handle bounces…
Told you guys market taking a dip
Still a little more to go in my opinion
Still a little more to go in my opinion
Forwarded from mania
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I want to rant a little on Telegram gifts.
I wouldn’t really invest if you missed the ship.
The thing with small quantity NFTs are that they can pump fast as fuck but also dump fast as fuck.
It doesn’t take much liquidity for it to go either way since when it’s ripping up, no body really wants to sell.
Eventually theres going to be the suckers holding the bag.
I am also pretty sure whales are holding a large quantity and that 30% probably own 70% of the supply.
When it dumps, nobody wants to catch a falling knife so purchasing would also slow down.
I have no idea when these prices will fall, and honestly if TON is strong in the upcoming weeks it might not slow down.
Risk/Return just is not worth it for me at this point.
I wouldn’t really invest if you missed the ship.
The thing with small quantity NFTs are that they can pump fast as fuck but also dump fast as fuck.
It doesn’t take much liquidity for it to go either way since when it’s ripping up, no body really wants to sell.
Eventually theres going to be the suckers holding the bag.
I am also pretty sure whales are holding a large quantity and that 30% probably own 70% of the supply.
When it dumps, nobody wants to catch a falling knife so purchasing would also slow down.
I have no idea when these prices will fall, and honestly if TON is strong in the upcoming weeks it might not slow down.
Risk/Return just is not worth it for me at this point.
🤓2🤨1
Yall dont know whats going to come with Jito and Lido, leading Solana and Ethereum liquid staking protocols.
SolChains
Yall dont know whats going to come with Jito and Lido, leading Solana and Ethereum liquid staking protocols.
Eth and sol etf staking soon watch these coins fly
SolChains
Descending wedge. Study it.
Imo short term you can sell at 1.3. Longer term look to hold 3+
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SolChains
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Going to be an airdrop. I wouldnt fade.
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