@CredibleCrypto @EricDM101 Will we see a similar drawdown I'm #CRV or likely not as it did not have a similar clear and clean impulsive rise as CVX did yet?
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Maxy
31 posts
@EricDM101 Cant say that a halving would be “maximum”. Maximum is a penny above the start if the impulse. Of course that’s not likely but anything above the origin of the impulse is technically fair game.
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And this is why understanding and being able to identify the difference between an impulsive rise and a corrective rise is so important.
Keep in mind we are still in the corrective Wave 2 after our very clean and clear impulsive rise off of $2.11 and even a move down to the ORANGE zone would be healthy/normal for this type of correction.
$CVX
CrediBULL Crypto@CredibleCrypto
There is a "guideline" in EW- when you get an extended 5th wave the ideal place for a pullback is to the 2nd subwave of the extended 5th. You'll notice in this case that also aligns with the 4th subwave of a higher degree. This is the ideal buy the dip zone for $CVX. This doesn't mean we MUST get it or we MUST not go lower, it simply means this is, imo, the best place to be a buyer if this region is met.
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@CredibleCrypto @CredibleCrypto seem to remember you look at something similar to mark a potential #BTC top (Dominance?)
Thought this article was really interesting, not sure if you use any of the same metrics but thought to share: tradingview.com/news/cointeleg…
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The message below still applies.
If you are bullish on $BTC right now and think we are going much higher and the alt you want to buy as a higher beta play is still down 90+% from it's highs, that IS your entry.
No point in pinching pennies down here lest you miss getting an entry and are forced to buy 30-100% higher.
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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@iamjimmyfuentes @CredibleCrypto Did the same bro. Position at 0.40 but sold to get sub 0.40. Then again opened at 0.50 and waited it out, and again sold to get sub 0.50 only to buy back again at 0.60.
No more selling till EoC. Don't sweat the cents when the dollars are the target ;)
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@CredibleCrypto I was guilty of being greedy when it was sitting for days at a time at .50 …
Was waiting for .46ish. 😂🤦🏻♂️🔫🔫🔫
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@michelle511 @CredibleCrypto Definitely not related. Above is a UK based wallet app and Curve Finance is a DeX stablecoin handler based on Etherium.
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After just barely tapping our orange zone at .48-.49, $CRV has pumped right up to local resistance. This red zone is the final boss on LTF that we need to clear to confirm a full on reversal. Once we do that we can target the local highs at $1.30+ again and above that HTF supply at $2-$3.
CrediBULL Crypto@CredibleCrypto
$CRV has already hit the target zone which was a move below the black line at .56 I've cleaned up the chart a bit and highlighted the key zone (within our larger demand zone) where I'd expect a reversal. Assuming our bottom is in at .39 (low of the triple tap) wicks into the smaller orange demand zone at .40-.49 are fair game and the most likely place for us to bottom before a full on reversal.
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@CredibleCrypto Crypto week hopefully will help melt though the resistance point.
July 14, 4:00 p.m. ET: The House to discuss CLARITY Act, the Anti‑CBDC Surveillance State Act, and the GENIUS Act.
July 15, (time TBA): The House begins voting on all three bills.
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@CredibleCrypto Speaking of beautiful, do you expect a positive or negative reaction from the 4th July "big beautiful bill"? I could see it going either way, also need to consider BTC's almost 97% market profitability figure.
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This is one of the "beautiful setups" I was referring to. Area of interest for the setup has not been met yet though...who is seeing what I am? Share below 👇
$XRP
Abd Emara@AbdEmara2
@CredibleCrypto Hey mate, I appreciate all your content — you’re the best in this space! Any updates on the XRP/USDT chart?
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@CredibleCrypto @Marcgrijpink @hansolar21 It's looking possible...especially with the #btc options expiry happening today. Hope we get the push to 102k so I can bag #CRV at a good price!
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@CredibleCrypto @CredibleCrypto do you think whats happening in Iran/Israel will have a material negative impact on crypto?
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@CredibleCrypto Let's see how the stablecoin vote goes today...anybody know what tome it will be?
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On point so far, let’s see if we finally get that test of that .50-.55 zone 🍿 $CRV
CJ@CJ900X
$CRV 🍿
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@CredibleCrypto @DJMCKRAKEN Living your best life. One day many of us will be close to this if we follow your teachings!
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@kax244 @CredibleCrypto @H564859 Believe he means the 0.63 equal low support bounces in the pic will likely (hopefully only briefly) get broken and the price will sweep below it so that the stop losses below that amount will be taken and big boys buy up at a lower price again.
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@CredibleCrypto @Stoiiic I literally did the same. Got one for my bad back and it was worse than the cheap IKEA one! Found it's place with someone else on ebay.
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@Stoiiic I got one and it was no better than the $60 chair I had before. Ended up literally giving it away after spending $500+ on it. I am still on the hunt for the perfect chair.
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@CredibleCrypto Usually the annual fee is paid up front but if you cancel the card anytime before the year is up e.g pnly after 1 month yof ownership, you only pay 1/12th of the amount and they refund you the rest. That's how it works in the UK.
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For those who can’t stomach the $700 annual fee for the Amex Platinum, Chase currently has a promo for 100k points on the Sapphire Preferred and that’s only a $95 annual fee.
100k points is equivalent to $4,000-$5,000 in international biz class flights.
Get this and the Amex Platinum together and that’s $12,000+ in biz class flights.
You can cancel whichever one you don’t want next year.
These are the things they don’t teach you in school 😂
CrediBULL Crypto@CredibleCrypto
@iamjimmyfuentes @pccrypto0910 @ChaseDooley8 Yea have had the CSR for like 6-7 years now. Just changing things up a bit now :) Gonna go for the CSP now for that 100k point bonus they have going on atm.
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@degenhabi @CredibleCrypto @newmichwill Kinda feels like Trump is doing all this for more rate cuts. Given there was no cut in Q1, the May FED meeting is feeling far more likely now after all the tarrif wars.
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@CredibleCrypto @newmichwill Solo going to $6+ doesn’t look like it’s on the table any time soon considering that we are in the recession uncertainty. If we don’t get rate cuts or ease on tariffs, it might look like we’re gonna have to wait a few more years to go there
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And he’s not the only one with conviction.
Over 40% of the circulating supply of $CRV is currently locked for an average of 3.5 years.
Much of this will be “extended” indefinitely, just like @newmichwill is doing which would mean these tokens are essentially off the market forever.
You just don’t find coins in this space with this type of technical and fundamental confluence every day.
- Founder putting his money where his mouth is by voluntarily locking his ~3% of tokens into the protocol for a minimum of 4 years.
- Another ~40% of circulating supply locked into the protocol by other token holders for a minimum of 3.5 years.
- Multiple products live and growing that generate real revenue/yield which is paid out to token lockers.
- Leader in stablecoin liquidity while stablecoin growth is skyrocketing and is the dominant and most relevant narrative in the space right now.
- A technical bottoming pattern that has been 5 years in the making and that suggests an absolute minimum target of $6+.
In hindsight, it will be obvious.
CrediBULL Crypto@CredibleCrypto
The @CurveFinance founder has just re-locked all of his locked $CRV. Earliest he can possibly access it now is April of 2029 (and this assumes he doesn’t just re-lock it again in 6-12 months which he has been doing consistently). There is no single person who has more incentive to see $CRV succeed than @newmichwill himself. If $CRV wins, he wins, and if he wins, we (holders) win 🫡
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@MacroCRG @CredibleCrypto @0x_sed It's about to test the bullish breaker at .50, let's see if it breaks through or rejects again like on the 3rd of March.
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@CredibleCrypto @0x_sed The best trades are always the ones that ppl disagree with
CRV looks banging down here, thinking about picking up sizeable bag myself after reading all the info you've shared on it
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@CredibleCrypto @LuisFLoureno1 @LeahVautrot Tonights FED meeting notes will be key also.
If any of the below changes for the positive then we zerp it!
- 50pnt cut in 2025 across two cuts (instead of 100 across 4)
- Raised inflation forecast from 2.5% (from 2.2% - aim is 2%)
- Lowered unemployment projection
- Hawkish tone
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@CredibleCrypto Still think CRV will go lower into the low .30's?
Perhaps as a result of the Friday meeting(s)/announcements?
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After locking in gains at the local highs we are back at the range lows and almost back at my original entry.
Jumped back in. Still targeting weekly supply above like before.
$WIF
CrediBULL Crypto@CredibleCrypto
Target basically hit here. I've taken profits on my $WIF long as $BTC is at local resistance as per my recent chart update (here: x.com/CredibleCrypto…). Nice 40% move caught on this one.
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@damiannfcb @CredibleCrypto So just to confirm. We expecting it to go into .30s by the current pa? That's how I read it.
Obviously not going to hold anyone to this, but just want to make sure I'm on the aame page as you guys :)
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@MaxterCinder @CredibleCrypto Frontrun means when it misses the target by a little bit. For example your target/entry is .29, and the price only drops to .31 and then reverses. Thats front run
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In the quoted tweet I mentioned that XRP/ETH was holding up better than expected.
Chart below to demonstrate what I meant:
After our triple tap, was looking for a move to our range lows but instead we tagged local demand at around the mid-range and bounced off of that. We are now back at range highs and the more local resistance gets tested the more likely it is to break.
Clear local range highs and we should target the larger range highs which is a 25+% move to the upside.
$XRP
CrediBULL Crypto@CredibleCrypto
Not quite at range lows, but XRP/BTC and XRP/ETH pairings are holding up better than I thought they would, so I've closed out of all my hedge shorts on $XRP at this time. If we do take the range lows just under $1.80 I'll look for potential longs into HTF demand at $1.60, but not interested in being short at these levels anymore all things considered.
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