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$BTC Mega Thread Update (Since 01/23)
Potential Double Top in play. Looks similar but larger in scale to 2024. 85k bull case low, wouldn't be surprised to see a lot lower if the over-heated SP500 panic sells Trump's antics (mass layoffs/trade rifts).
Gut feeling: Bull run isn't over. Trump's meme flop, tariffs, & general fraud/meme/greed need to flush. QE likely this summer as a bullish catalyst.
DCAing only battered utility with rev streams. Only spot.
$BTC 1W:
First RSI bull div on 1W chart since the 2015 bottom and largest accumulation volume to date.
2015 was largely sideways but also an incredible time to DCA... I have been slowly re-accumulating 2021 bags and more...
$BTC Mega Thread Update (Since Jan 2023):
Bear Div on 1D RSI playing out. Looks pretty normal after breaking ATH. I'm watching consolidation/ranging between 85k-107k.
1W: Notable Bear Div on 1W. But it's also the initial push into a new high (many times the first divergence is a stall not a top). Nonetheless, if you are up big on BTC, good TP place.
Overall, I maintain a bullish out look going into 2025. BTC looks like its cooling/consolidating but maintains a strong trend. Altcoins are battered. Risk/Reward will be more appealing in alts for early 2025, imo. Macro is very crypto friendly, and the bull run has legs.
$SPX Looks a bit over-heated.
1W protracted bear div. Pretty clear trend. Bull case = trend break and consolidation on first area(s) of support. Ranging a bit. Bear case = 2022 trend break scenario.
Stocks will drag on crypto if the trend breaks, even if there are positive regulatory catalysts. Alts already down 90%+ in many areas, but majors have been carrying the day. I expect majors have more to lose than small caps in a bear scenario.
$Trump listing ended as an extraction followed by many others, memes are hopefully largely cooked. Rotate DCA into utility, expect volatility, favor revenue generators and projects with runway.
$BLOCK
@Blockassetco
I'll bite. Descending trend channel w/ bull div on 1D. Started a DCA. Solid product, real revenue, buy backs, strong yield staking. Everything I want in utility. UFC and Photofinish partnerships.
$JUP Update:
Pattern morphology... hmmm: largely symmetrical Broadening Wedge. Not my favorite pattern. I imagine Jup will range in the wedge awhile. Below .60 and will cut it.
Jup got toasted with the meme implosion, but a healthy ecosystem reset is badly needed. Still a great product. Jup and Solona were used by bad actors because the tech can scale, while legacy chains cannot.
$JUP
Descending Triangle breaking out.
@JupiterExchange is an obvious fundamental play as well going into 2025. Insane on-chain volume and pretty much unrivaled in the #Solana ecosystem.
Good entry.
$JUP Update:
Held the round trip but second time's the charm. Wedge, RSI Bull Div on 1Day. $1.79 then Valhalla.
Jupuary dump is over, staked. Huge announcement of 50% fee buybacks.
Reminds me of $BNB at $35 in Jan 2021 when it was the most used chain but severely under priced.
$SOL Update:
Flag breakdown, pennant fakeout, mini double bottom, but going to wager the Trump pump is the catalyst for ATH.
I guess the surprise $TRUMP launch spells volumes about what is coming... Solona, $Jup, clear winners. New paradigm of degen trading coming. Probably a 1929 style crash at the end of all this - but for now, it is risk on...
$SOL
Large Descending Triangle looking fixed to breakout.
Previous ATH noted as potential level of major resistance.
Best utility tokens and meme have been driving the ecosystem. Sol ETF?
B00lish.
$SOL Update:
Fakeout this summer but pretty much held the form of the Descending Triangle.
Flirting with ATH & a smaller bull flag. Hard to imagine this won't rip if it's not denied at former high.
Probably the most to run for a major, imo. Best traction, UX, and operability of anything in the top tier.
$DAG
Neat sequence of patterns... Big falling wedge, failed smaller falling wedge, broadening bottom, to bull flag.
I'd like to see ~.095 broken first to break the multi-year bear trend but it looks promising here.
$STG:
Rounding bottom. This one was late to the last bull market, no real maiden flight...
Looks like someone fat fingered a flash crash on Binance. Otherwise, the pattern looks well developed.
@JoinOnly1 $LIKE Update:
One more bid here on the falling wedge to re-up what was sold and I'm good. Same targets remain: .17 and .27 first.
Functional product, $SOL gem, strong niche. @JoinOnly1
$LIKE @JoinOnly1
Low cap $Sol gem with fully functional product and niche with high potential. (Web3 OnlyFans)
Nice wedge breakout. Low caps that have been hit hard are starting to look like a solid buy again.
$LIKE Update:
Bull flag breakout. RSI looks good and bullish. Nice re-entry for anyone who missed the wedge or to add.
1st targets remain. Bullish on naked ladies in a bull market. @JoinOnly1 the OnlyFans of Web3.... Well-funded, functional product with a clear path into 2025.
@jussy_world Far too big of a gap between 3 and 4. Need tiers between 29k and 500k or you end up giving people with more than 10x the volume the same amount. π
My thesis on @photofinishgame ($CROWN) is simple
Horse racing is HUGE (~$400 BILLION per year)
Official partnership with Churchill Downs (most iconic and historic horse racing venue in the world)
@iancummingsnft is an insanely talented game dev with previous history making awesome games
He's also crazy determined and won't stop until he achieves world horse domination
$CROWN Update:
Macro trend reversal showing strength. Falling wedge clean breakout. Break .60 and a clear shot back to $1.
As CROWN rises, more @photofinishgame players will race - and, well that will lead to CROWN rising more.
This will be the major #GameFi winner this bull run.
New $CROWN Thread:
@MEXC_Official chart finally has enough history to take a stab.
Falling Wedge & Bull Div on 1D RSI playing out.
DCA'd after my failed Hidden Bul div just above $1. HODL'd.
The game rocks. The track yield is consistently very high (over 20% USDC APY). You can mine CROWN racing horses and stake it for track ownership too.
Best game in crypto. @photofinishgame
$CROWN Update:
Looks like that last DCA was the magic buy. Up 120% with a clear macro trend break. The earlier DCA is also in profit. Yield is over 30% $USDC APY avg on these.
@photofinishgame is the premier game on $SOL. The IOS game is live. Again, last had 14mil downloads.
Higher.
@WHALESHUB1 I'll be holding a long-term position into 2025 as long as the macro conditions look bullish. Such a small cap right now in such a ripe industry. Smashed an easy 700% in the earlier pump this year.... 10x is FUD.
$CREDI Update:
Nice potential second act of this long thread coming. A Bull flag is forming...CREDI looks to be out of the bottom accumulation range. That accumulation took a lot of patience.
#RWA is a strong theme going into 2025.
SNED it.
$CREDI
Tapped former high/ former resistance flipping to support. TBH prolly not the last chance but that former high was the obvious first play.
Big bull div. Any big $BTC retest drop and I'd imagine a 2nd opportunity into the zone or to lower former high.
But not a bad place to be exposed here.