Davefugazy
874 posts
After taking profits at our local range highs at .44 per the quoted tweet we have now got the pullback that was expected and I am back in for another scalp/swing long.
A wide SL for now at our HTF inval of .18, I will look to potentially add on to this/compound the position as soon as I think it is safe to raise my SL.
I still think it's possible that we could drift down a few cents lower but not in a position here where we need to pinch pennies imo.
$CRV
CrediBULL Crypto@CredibleCrypto
Took profit on this scalp long as we have now taken our primary range highs so we may see a bit of a pullback before continuation. HTF swing long from lower will remain open and I will look to re-open this lower timeframe long if/when we get another clear opportunity. $CRV
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"Houston, CrediBULL Crypto here. The Llama has landed."
$CRV
CrediBULL Crypto@CredibleCrypto
tap tap tap
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@astronomer_zero Astro, been following you for a while now, amazing how correct your analyses and trades are. Do you have a higher timeframe chart for BTC or alts? What happens after 112k?
thx
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@CredibleCrypto the amount of these charts I've seen the last year are just uncountable. Pullback and rise... Just the see CRV collapse to an all time low again.
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$CRV continues to crawl up, would be nice for us to hold .38+ on LTF for continuation higher.
CrediBULL Crypto@CredibleCrypto
$CRV green on a red day for $BTC. You love to see it. Long in profit. Also a good reminder that LTF "weakness" on an asset is irrelevant if we are approaching HTF support zones- that "weakness" can flip to strength overnight in these conditions.
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Aw shit didn’t even notice we printed a potential bull div on the daily too which will confirm if we close around here (or higher) at the daily close in 18 hours. Nice.
CrediBULL Crypto@CredibleCrypto
Decent reaction off of our key level, whether it amounts to something more significant or we come back down for another test remains to be seen. It's worth noting that Bitcoin OI is back to October 10th levels, so there is definitely fuel for a squeeze in either direction. $BTC
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Here $ETH tapping sensitive levels for WP. That Ichi is nasty and strong... I want to pay close attention here to see what happens, but logically a smart risk-sensitive long here makes sense.
Joe Mitoshi 👨🏻🚀@CryptoSays
Oh... But Tom said ETH $15K by December! 😭 I hope you didn't skip class for the trading lesson on "clown characters", and "stupid headlines".
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$CRV really testing the patience of those who have bids waiting just under .35…
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$BTC is back above $105K! 🔥
The comeback has started.
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@CryptoSays @WOLF_Crypto_X Hi, do you have target for HBAR after the pivot?
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Hmm... I am listening to @WOLF_Crypto_X 's spaces where they are talking about $HBAR so I got curious and that chart was a surprise, very interesting PA it has going on there. December is a 1M Pivot for WP. IF... IF, the price is able to hold the support on the image I think it has a fair chance to move, and possibly start a bull trend after such a long accumulation.
Keep an eye on that one. 👺
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@Fugazy89 I am sorry. I trade to 1000% ;) I am not a scalper, nor I hang on the 2H charts...
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$CRV is a coin people ask me about at least 20 times a week... This chart shows you you don't mess with Ichimoku resistances... In terms of time, I don't see anything meaningful happening until January.
Be patient... If you want to dough, you have to wait. There's no other way around that!
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@CredibleCrypto @mrhottogo My apologies. Didn't follow you in 2022 (only since aug 2024) and never saw a TRAC tweet since recently. Wasn't trying to offend you.
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Bro I’ve been talking about $TRAC almost as long as I’ve been talking about $CRV- here’s when I first bought some in 2022:
You gotta chill bro I said before I tweet about what’s more relevant from a chart perspective at this very moment and on low timeframes TRAC is just more primed right now that’s it. When CRV takes the lows at .35 all you’ll see me doing is tweet about it. Relax.
CrediBULL Crypto@CredibleCrypto
Since $CVX is already one of my largest holdings, I’ll be taking the incentive revenue I earn from it every two weeks and converting it to a different spot holding for a multi-month hold to diversify a bit. Today, chose $TRAC for my first buy at .72.
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And for the numbers guys:
At it's very core and at current prices, $TRAC earns stakers an average of around 7-10% APR, which FULLY comes from money being paid by customers to add/store data on the network aka "real" yield.
From a traditional investment perspective, this almost establishes a "floor" price at current usage levels.
Trad-fi investors can park their money in $TRAC at current levels and easily earn a solid annual return from staking yield alone, without factoring in the potential upside of investing in an asset that will only benefit from speculation driven upside within the crypto space as a whole.
At the end of the day (and in the current cycle) it is ultimately speculation that is the driving force behind crypto today and it's this speculation that will drive some crypto assets to obscene valuations in the coming months.
HOWEVER when you're dealing with an ever-increasing pool of crypto assets- most of which have zero reason to exist- it's the ones that DO have a strong fundamental base that are ultimately most likely to win the attention of speculators over time because this is what separates tokens like $TRAC from the other tens of thousands that are essentially vaporware.
The ability to actually generate a revenue/profit for token holders by selling a real product to real customers is something people from the outside looking in WILL take notice of.
It is simply a matter of time.
CrediBULL Crypto@CredibleCrypto
Honestly if I could sum up the argument for $TRAC in a single sentence- it would be this: "The more AI is adopted in the world, the more $TRAC is needed." $TRAC is a utility token that is bought by and used as payment for clients that want to store data on the DKG (decentralized knowledge graph) in order to fight misinformation, deepfakes and AI, and in general protect data authenticity on the internet. And because there is ZERO inflation on the token and the supply is already fully circulating, as demand grows, so naturally will price. This is econ 101- when demand is RISING and supply is FIXED, price goes UP.
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I can not tell the future- But just think about it logically. Sentiment is very bad, This wont be the relief- it should be be stronger than this even if it remains with just relief and given BTC D its unlikely imo , its happened in the past time and time again, Shorts should be blown out when sentiment is this bad especially on supports. Even if it were to break which is unlikely at this stage as the bounce is already coming in, then it will just add more fuel to the fire. with sentiment this bad I am not expecting just relief I am expecting drastic swing to the highs.
I have 2 models I am working off based of history with the strongest comparable fractals and they also worked out positively for what its worth from this point onwards. However I said this and will say it again, giving updates before the bi weekly close wont matter much, I need to see the close- until then and proven otherwise I will be expecting the bounce to come in
Crypto Shephard@CryptoJesus8888
@chrono_chartist Yeah so dod we get our relief bounce already? 104 touched? Or do you mean a much bigger bounce like 110-115?
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@mrhottogo @CredibleCrypto Let's just hope both coins will go ballistic^^
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@Fugazy89 @CredibleCrypto They have different use cases and customers, it's like saying he is betraying NVIDIA by talking about how great Coca Cola is as a company.
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@CredibleCrypto @26Walser true though, if you expect 0.35 (a 15% drop) it would be a great entry to short atm
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IiIAnd don't forget, as per my last Youtube vid, $CRV is also sitting in the "launch zone" on it's $BTC, pairing, $XRP pairing, and $ETH pairing.
If we do hold this zone as expected, then the measured move up is a 300% rally to the red line (major HTF S/R level) and we likely see this outperformance against not just $BTC but $XRP and $ETH as well.
The most logical explanation for such outperformance is that majors like $BTC, $ETH, $XRP continue to consolidate/chop (we already know all 3 are in corrective subwaves after a significant impulse so chop makes sense) while $CRV re-tests monthly demand, sweep's the lows at .35 and then sees another leg up to match the one from November '24 which should take us to $1.50+.
In other words- I think we see a "quick" 5x+ relatively soon after taking our .35 lows.
CrediBULL Crypto@CredibleCrypto
Almost to the target mentioned a few days ago as $BTC breaks below 100k. Exactly as expected. Better have those .35 bids set if you're looking to add here- not sure how long we will last at these levels. Point of maximum opportunity is a couple of candles away imo. $CRV
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@CredibleCrypto Come on man, you've been wrong about CRV for over a year now..
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Nice to see the low timeframe strength on the llama coin here. Curvin' it nicely.
$CRV
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@Rick_Barber_ Btc has been outperforming alts for 7 years. 7! I dont blame anyone but as I suck at PA i try to search and follow accounts who are good at it for years. I still haven't found anyone. Only guys who keep saying "alts will shine", "altseason will come"... for the past 3 years...
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Each class has it's season. People will be saying the opposite when alts start outperforming BTC. I seek out the level headed that understand this is how markets work and each has to decide where to place their risk at. I am not here to tell anyone what to do...I simply share what I am doing and why.
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When bullish sought levels are not met, we fall back on support levels that are key. $.48 is key. Lose that and we have bigger issues to consider. This could be a final shakeout, or it is the indication of more breakdown. I think we bounce still, but levels are what they are. $CRV
Rick Barber@Rick_Barber_
I will be mobile for the close, but it doesn't look like we will get the daily confirmation candle I was hoping for on $CRV above the $.58 mark. RSI has also fallen back under the resistance line as well. Plan still remains though, if we can bounce off this 5 day MA, stay in the range outlined, I think we still begin moving up. Lose both of those, we are back to at least retesting the support trend, as first safety. Lose that and we head back to $.48 - $.50 area. Confirmation candles matter so much. Getting over key levels is a great reason to perk ears and get optimistic, but they must be confirmed. Lastly, yesterday's close was also a weekly close, so I ultimately will want to see us close this week and especially the month over that mark. So big week ahead. Might be some tailwinds towards end of week will FOMC and potential China deal...and we just chop. Sure would rather go into such news above $.60 though.
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