I already told you about $BIAO @biaoerc20, and things have only gotten better since my first call.
The team is pushing hard, the community reminds me of the early Shib/Floki communities, and the narrative (biggest meme of Asia) is insane.
This could have a Pepe-type run.
chart: https://t.co/1WdaGD7Dfk
Investors are worried about an $ETH price correction after the spot ETH ETF goes live, likely in mid-summer.
Some analysis are saying holders will take profit on the initial pump from the ETF going live.
DISCLOSURE: We are Long and will likely buy more on any dip.
Thoughts?
Disclosure: We are long NOW.
ServiceNow (NOW) is down nearly 10% today with no significant news impacting fundamentals. Despite positive indicators at the Jeffries Software Conference, the drop seems unexplained. Here is a summary of their comments at the conference.
Thoughts?
On May 22, 2010 a man purchased 2 pizzas from Papa John’s using BTC - This was the first “real world” transaction of crypto.
He used 10,000 BTC to make the purchase (roughly $44 at the time).
Now that 10,000 BTC would be worth roughly $700M.
Must have been some good pizza.
After Wave-B, then one more leg down to finish Wave-C.
Diagram 2 - Shows what micro price-action should look like in a ZigZag Corrective Pattern, according to Elliott Wave thoery.
After Wave-C, I believe we enter true price discovery through April. 📈
Charts 1 - Shows ETH completing Wave-5 of Elliott Impulse Wave and is currently forming Wave-A of ABC Correction Wave.
Correction should end at Wave-C, around $2,800.
Once Wave-C is complete, there is a strong possibility of forming into another 5-Wave Impulse to ATHs in April
Diagram 1 - Shows where we are in a “Primary” Wave Degree, according to Elliott Wave Theory.
Chart 2 - Shows the type of ABC Corrective Pattern we are in on a small timeframe
We are currently in a ZigZag (5-3-5) pattern - Wave-B is beginning, aka the “Dead Cat Bounce” phase.
2. Market Manipulation on the DEX - You can see it in alt coins all the time (easier to manipulate) but this is the first one I’ve seen on BTC this cycle - This is why leverage is dangerous.
The reason for the sell frenzy was likely due to the outflows of the ETFs.
So far so good on this correction call from March 17th.
Massive Liquidity “Falling Knife” Wick on BITMEX Exchange.
Not saying we are coming down to $8,900 (lol 😂) - But my original thesis of a correction to around $56,000 - Is now in play.
For those curious, the reason why BITMEX wicked to $8,900 for BTC was likely due to:
1. Massive amount of long leverage positions being liquidated, causing a massive amount of sell volume to push it down that much (long squeeze).