For those looking to buy a dip on $CRV, on LOWER TIMEFRAMES, we are approaching a key level of resistance on both USD and BTC pairings.
Identify this level (it's easy enough to do on the H4 chart) and understand that THIS region is the most likely place for this rally to the upside to end *IF* the bottom isn't already in. *IF* we clear this region, it's clear skies to $2+.
As we push INTO this resistance zone- you want to be watching for a potential rejection, rather than buying into it. If we reject, then let PA develop until market context tells you it's time to buy the dip again.
As BULLISH as we are on HTF- there may be chop on lower timeframes within the context of this larger move to the upside. Understanding the key levels that dictate this lower timeframe flow is KEY to remaining calm and focused as we let the higher timeframe idea develop.
@SullyDrummer Wow, being upset that your kid can’t do anything in school Easter related…paint pictures for the classroom, bring in eggs to share etc is now ‘right wing’? Not sure most people or their kids care what ‘wing’ it falls under, they just don’t want Easter canceled?
Here’s why regulation by enforcement is the least effective way to achieve regulatory clarity:
Including the fine, @Ripple has shelled out somewhere between $150M - $200M in legal fees only to end up in more or less the same position it was in when the @SECGov brought the lawsuit in 2020. The SEC also presumably spent quite a few taxpayer dollars on its own legal fees.
In the process, $XRP holders were negatively affected when exchanges delisted the token, causing their holdings to decrease in value. Other crypto projects were hesitant to build in the U.S. for fear of getting sued.
Gensler’s @SECGov diminished public trust by prioritizing its limited resources going after crypto firms for failing to register with the commission, while missing bad actors like FTX, 3AC and Celsius that caused real investor harm in the space.
The silver lining for Ripple here is that it gets to pay a smaller fine than it otherwise would have, likely walk away without an ongoing injunction, and take credit for helping to get legal clarity for the programmatic/secondary market sales of $XRP — a ruling that’s now unchallenged.
@CGasparino Embarrassing as usual from the Hamburglar of the crypto space. Stick to sucking Jay Clayton & Bill Hinman off, i expedt you’re better at that
Argentina have a better team than England
Brazil have a better team than England
Spain have a better team than England
Germany have a better team than England
France have a better team than England
Portugal have a better team than England
Humble yourselves