@CredibleCrypto Since we got a corrective move on BTC and rejected at resistance, does this make it more likely to visit the 113k region?
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TimedSituation
3 posts
A 43% drawdown over 44 days followed by a 140% rise in half that amount of time.
I think we are getting ready for something similar to play out again. Have already had a 40% drawdown from the highs over the last 54 days and are now at HTF demand.
Just like last time, I don't think there is much point in holding off for lower at this stage.
If you are bullish on $CRV and have been waiting for the right moment to add to your spot holdings, this is that moment imo.
As always, keep risk in check, and DYOR before buying.
CrediBULL Crypto@CredibleCrypto
I don't think there's much point in holding off for lower at this stage. We could get it of course but we are 90+% down from the highs, I don't see the point tbh. And I speak from experience btw- I've seen this play out a million times. People holding out for 5-10% lower and then missing the boat. Heck when Bitcoin collapsed from 20k to 3.5k in 2018 despite me calling for sub 4k when $BTC was trading at 12k+ I got greedy at the lows, only filled part of what I wanted to just under 4k, while many of my bids from 1.8-2.8k remained unfilled. Keep the big picture in mind brotha, at this time establishing a position anywhere down here is more important than nailing the absolute, pico bottom.
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@CredibleCrypto Do you see any clear long set ups currently or are things still unclear?
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"If you've ever wanted to add to your spot CVX bags, now is the time imo."
Time is probs running out...
$CVX
CrediBULL Crypto@CredibleCrypto
Yup, here we are. If you've ever wanted to add to your spot CVX bags, now is the time imo. $CVX
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@CredibleCrypto I have a question, you've longed some coins expecting them to go up but at the same you expect a steep drop in ETH, wouldn't that drag down alts with it if that drop you're expecting happens?
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Stopped out of this. While it held up very well on the initial $BTC drop this subsequent bleed on $BTC back to the local lows took $CRV down with it.
I think we are probs close to a bottom (assuming $BTC holds the 107-110k zone) but at this point gonna hold off on the aggressive LTF longs until we get either a confirmed reversal on BTC or a break of the local supply zone outlined in the chart below on $CRV.
CrediBULL Crypto@CredibleCrypto
Yup, you guys are getting it now :) Longed some $CRV into local demand, targeting local supply (if we clear that we have a full on reversal on our hands).
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