CrediBULL Cryqtc/Assistant.
55 posts
20 months and -78% later, $DOGE has finally hit my first area of interest on the $BTC pairing.
Still looking for a bit lower on the USD pairing and that might come with a move to the second zone on my DOGE/BTC chart.
After nearly two years, $DOGE is finally getting closer to a point where I might actually buy some for the first time in my life.
Not quite there yet, but going to start keeping an eye on $DOGE from this point moving forward...
CrediBULL Crypto@CredibleCrypto
So first off, congrats to anyone that caught this $DOGE move- well done. With that being said, the BTC pairing is now at HTF resistance- really the only major obstacle between us and new ATH on the BTC pairing- but also the most likely place to expect a rejection on the entire HTF historical chart if we are not ready for new highs yet. Meanwhile, the USD pairing looks a lot stronger, however we can see signs of potential momentum waning on the daily and D3 timeframes. In other words- if BTC doesn't hold 94k and instead sees a correction back down into the 80's, then DOGE likely takes a big hit. Could we go higher from here? Sure. Could we keep going to new ATH from here? Sure. Is this a spot where I'd consider establishing a new position? Definitely not. There are many relatively bottomed out alts right now that will offer similar gains but that haven't pumped 5x off their lows yet and are not at HTF resistance on their BTC pairings- which means there are simply better entries on alternate coins right now imo. I'm sitting on my hands for now and watching more PA develop- you are free to do whatever you think makes the most sense to you at these levels, these are just my thoughts on the current situation.
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Nice to see $HBAR there at the top.
A sleeping beast that will wake up soon...
Cointelegraph@Cointelegraph
⚡️ UPDATE: Hedera, Chainlink, and Avalanche ranked as the top three real-world asset (RWA) crypto projects by development activity, according to Santiment.
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A commonly repeated idea in this space is that crypto is lackluster/bleeding because liquidity is flowing out of it and into the stock market. The idea being proposed is that people are selling their crypto for equities. Many believe that this is the PRIMARY driver of the lackluster PA we have been seeing in the crypto space over the last couple of years while equities have outperformed.
If you believe this to be true, then the opposite must also be true- when stocks finally peak and liquidity is now flowing OUT of them and not INTO them, then the sell pressure on crypto should also subside- not intensify.
The reality is that liquidity in the crypto space has been drained (for one reason or another) and those that are left holding are not likely to be shaken out (we can validate this at least on Bitcoin where LTH supply is at the highest levels it has ever been and is only increasing, not decreasing).
So when a 150T+ market finally peaks (global equities) it is unlikely that the 1.5T crypto market is somehow going to tank significantly further. Rather, if we have literally TENS OF TRILLIONS of dollars of liquidity flowing OUT of global equities now instead of flowing INTO them (which is what will happen when they peak) those profits are likely to find there way into other sectors, and if even 1-2% of that capital finds it's way into crypto it will set off another MASSIVE run across the board.
So stop worrying about a blow off top in trad equities if you have exposure to crypto- really you should welcome it.
Frogthony HOPkins 🐸@Vicks_vic
@CredibleCrypto Why though? We are at a very extended bullmarket for stocks. What happens to crypto if that stock bearmarket starts?
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As we are sitting in the middle of a range here with supply above and demand below, I am not taking a position (trade) at this time.
However, ideally I would prefer that we visit the lower region (green) first as it increases the odds that we could be building up a clean series of LTF impulses of different degrees (1-2, 1-2) here for an explosive expansion further down the line.
Let's see how things develop in the coming days.
ethereum:0xd533a949740bb3306d119cc777fa900ba034cd52
CrediBULL Crypto@CredibleCrypto
Chop city between the red and the green zones on $CRV low timeframes. Once we clear the supply zone above I'll be looking for a move to .33 first and if/when we clear that the next resistance zone is around the .65 region.
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Case in point. Memecoins don't attract new users that end up contributing to the ecosystem in any meaningful way.
They "onboard" new users temporarily who gamble away what little they have and then leave- with an even worse perception of crypto than before.
"Less than 1% of the users who came in through Moonshot to buy TRUMP/MELANIA are doing anything else on-chain" and that was by and large the biggest "onboarding" event driven by memecoins, ever.
CrediBULL Crypto@CredibleCrypto
It doesn’t matter how many people memes “onboard” if the people they attract are literally perpetual gamblers that quickly blow all their capital gambling in what is essentially a rigged casino. Those people are forcefully off-ramped due to blowing all their capital almost as soon as they are onboarded and have no long lasting impact whatsoever (except for making a few insiders on meme coins rich at their expense). They are not the ones that are going to provide meaningful, healthy capital flows that will ultimately lift and sustain this sector in the future. That capital comes from serious investors, not degenerate gamblers, and pushing bundled meme coins that rinse out retail again and again and again is not going to attract them- it’s only going to make it harder for them to take this space seriously.
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Tucked in a tiny coastal Tokyo alley, this melt-in-mouth uni pasta with yuzu zest is a umami bombshell you can’t miss—your taste buds will thank you!
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Just had the coziest Sunday baking session—warm cinnamon rolls fresh out of the oven, fluffy dough and sweet spice filling my tiny apartment. Perfect way to slow down and enjoy little moments!
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My tiny balcony now has potted herbs and string lights—from just a bare space 3 months ago, it’s my little sunny escape.，
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