Happy Sunday CT ๐ซก
Grab a coffee โ๏ธ and get strapped in
Here's @0x_Vlad with a BTC Price Action Update
ยปยปโโโโฐโฑเผบเผปโฐโฐโโโยซยซ
It was another boring week in terms of BTC price action.
Iโm still waiting for a decisive break out of this range, but how long could that take?
Well, the previous sideways range, which happened not long ago, lasted around 240 days. Compared to that, our current range lasts about 60 days. Iโm not saying theyโll last the same amount of time; I'm just pointing out that the chop can go on for quite some time.
Here's what we can see:
- Healthy uptrend
- Active momentum cycle (on the 1W chart)
- LTF Sideways price action
So what is there to do?
In past cycles, when BTC started going sideways, it meant that other cryptocurrencies had time to catch up.
We saw our beloved โalt seasonโ.
The tide was rising, and it carried pretty much all the cryptocurrencies with it.
But these days, itโs different.
Granted, Iโm not in the trenches as much as I used to be, but just looking at the overall state of the market itโs nothing too exciting for me. Narratives last a very short time, and rotations happen quickly!
Unless you have a crystal ball that tells you exactly how to rotate, you'll probably get caught up in the ever-so-annoying jeeting shenanigans.
So, when it comes to putting risk, I am seeking opportunities in other markets right now.
Iโm interested in trending markets such as the DAX and Gold. And once BTC breaks out again, Iโll definitely look to follow that.
Trade responsibly and Iโll see yโall next time!
ยปยปโโโโฐโฑเผบเผปโฐโฐโโโยซยซ
Want to get this update straight to your inbox?
Early insights, smarter decisions โ subscribe to Castle's free newsletter for cryptoโs top trends โ link in bio
In little over 6 weeks, the $GMX buy back & distribute program has purchased 150k GMX back from the market using real revenue and distributed it back to the most loyal of stakers.
Resounding success.
So. Much. Higher
๐๏ธ ๐๐ข๐๐ค๐๐ญ ๐๐ข๐ฏ๐๐๐ฐ๐๐ฒ ๐๐จ๐ซ $๐๐๐ ๐ฌ๐ญ๐๐ค๐๐ซ๐ฌ ๐๏ธ
As a special thanks to @GMX_IO from @Internet_token, we are embarking on our inaugural ticket giveaway campaign, with 100 tickets earmarked for $GMX holders for the next Lottery Draw this Friday!
Find out more ๐
In late 2022/early 2023 $GMX was at the top of the Real Yield Narrative. The recent proposal by $UNI to share revenue with its stakers has the potential to shine a light on the big blue behemoth, but thatโs not why Iโm excited. GMX could be about to change the game again.
๐งต๐
GMX is thrilled to announce the launch of 3 new perpetual & spot markets on GMX V2 on @Arbitrum:
๐น$ATOM from @Cosmos
๐น$NEAR from @NEARProtocol
๐น$AAVE from @Aave
Trade them on GMX now: https://t.co/pnZf7K7F6y
1/4
Bitboy sold all of his $BEN tokens that he committed to not selling them for 6 monthsโ๏ธ
Bitboy's address which he doxxed it by himself:
0xf89e0b9fb3F419d5982386B5923e2F7C2e73f3a2
New Chronicle just dropped ๐ฐ
The FOMC last night has the potential to fill the market with optimism moving forward as the Fedโs tightening cycle comes to an end and we can finally get the pivot everyone has been waiting for...
๐จPEPEโS GAME IS NOW OPEN FOR BUSINESS๐จ
The $PEG token is now live and can be found paired with WETH on Balancer!
Donโt forget that we have a big, juicy ๐ช for LP lockersโฆ check our Discord for more details!
Crucial links in the next tweet ๐
๐ช AIRDROP DONE โ
Oooops, we did it a day early ๐
If you are holding 500 $LEVI in your wallet (and not farming it), you just received your fortnightly wETH drop from us.
We dropped 2ETH spread across 580k eligible $LEVI. Current APR = 14.8%
Enjoy your weekends LeviFam ๐
$LEVI turns 6 months old this week ๐ฅณ
Weโre having so much fun shaping our vision & delivering on our promises ๐ค
Just found us? Youโre still early to the party. Here's a little one-pager on what weโre all about.
Weโre pretty sure you wonโt find another project like us ๐งโ๐พ๐ธ
Giving away 30 cute @Arbkeys
Rules:
Must be an Arbitrum native address
Follow @Arbkeys
Like and RT this post
once done send addys below. First come first serve
Ladies and gentlefrogsโฆ
๐จI am pleased to declare that the Pepeโs Game Public Raise is now OPEN! ๐จ
The link is ๐ https://t.co/cGiA1fSRXl
Good luck and godspeed! ๐ธ๐ค