The main reason are the multiple bullish weekly divergences alongside a completed five-wave count with an ending diagonal.
The same divergences marked the cycle top in 2021, and this time there is even more confluence with a clearly completed count and a wedge.
I know I've been bullish these weeks, but the crash on Friday forced me to revisit my analysis.
Trying to keep it simpler, since I got analysis paralysis (trying to look a gold, m2 correlation etc).
While I really wanted an altseason, I now think the cycle top is sadly in.
Wave B is finally over for $BTC.
Too much confluence with bearish price action, a bearish RSI, divergence in the MACD and 200-MA rejection.
1:1 for A:C leads to a price of $40k.
Imo we bottom in Oct/Nov.
KAST will flip RedotPay in volume in the next 12 months.
- Introduction of USD cashback (instead of points)
- Instant payment linked to traditional rails (soon)
- Aggressive expansion into new jurisdictions
- Focus on compliance and regulation
Tell me one reason why this won't happen.
Inevitable IMO.
USD cashback is live 🎉
🌎 Use crypto anywhere in the world
🤑 Spend stables. Earn cash.
🛡️ Protect against uncertainty
This is crypto utility + cash liquidity
#1 Crypto cards tier list, the only one you need
@Cypher_HQ_ and @KASTxyz SS tier. With Cypher you can use 1000+ different tokens for the payment, auto-reload feature and block merchants by country up to 70%-80% in rewards and sign up bonus of their native token.
Kast remains professional, Pengu card shipped that many are using and it suits as of now well for businesses.
S tier @useTria with a crazy reward system, @itstuyo for simplicity and their points system and @avici that gives you USD and EUR accounts for flexibility.
A tier @RedotPay has insane card volume and @KoloHub tries breaking out.
Everything else as you can see below.
Could I be wrong and be selling the first bounce after the bear trap?
Sure, but I considered the weekly MACD divergences vital for predicting the cycle top last time, and I feel like I can't ignore them anymore.
So I'm belatedly bearish from now on.
Introducing USD Prime Vault 🏦
Your dedicated account to earn up to 3.3% APY.
💲 Earn variable yield via USDKy
💸 Deposit and withdraw whenever
✊ Maintain custody in a @solana wallet
Powered by @m0. Protected by @privy_io.
If you are having issues with your Source-of-Funds acceptance when opening a KAST account, you can use a Binance statement instead.
Here's how to do it: https://t.co/NLlJy7l1sy
Can stablecoins lose their value?
While they are designed to maintain a steady value, depegs can happen.
The most famous example is Terra's UST, but smaller depegs happen every day.
Me llena de orgullo decir que este es el primer artículo (o de los primeros) hecho por un mexicano en colaboración con @KASTxyz
Aquí cuento cómo aprovechar al máximo la tarjeta y les cuento mi experiencia real, vayan a leerlo: https://t.co/eqZQhOtdfv
Building a stable future for everyone 🌎
We've raised a historic $80M Series A to give everyone access to stablecoin-powered financial services.
Special thanks to @QEDInvestors and @leftlanecap for co-leading the round and to all our members for believing in our mission.
Just in case you want to know how the #Pengu Card works.
We wrote a simple guide that explains:
• what the Pengu Card is
• how crypto spending works in the real world
• what features it offers
Read the guide: https://t.co/8nGVm8hmcv
We're live with @PudgyPenguins 🔴
Tune in to hear from @raagulanpathy and @LucaNetz about:
🐧 The Pengu Card launch
🤝 Our partnership and plans
🌎 How we're making crypto accessible to everyone
Plus, get an early access code before they run out ⏳
https://t.co/KeVphmuHMd
Mexico 🇲🇽
You can now use SPEI transfers with ZERO fees:
💰 Deposit pesos → Convert to dollars
✊ Hold USD
🏦 Withdraw to any bank in Mexico
With KAST, your money moves with you 💸