Scenario 3- our "most bullish" low timeframe option, probably gets invalidated within the next few days.
Unless $ETH can reclaim it's highs soon, I think we are probably teetering on the verge of a breakdown here to clean up the unswept lows below and fill the inefficiency into the 1600's at least.
The subsequent move down can technically make a higher low OR even clear the lows at $1500 (depending on if we are getting Scenario 1 or Scenario 2), but ideally neither takes us below the HTF level at $1380, as previously stated.
And yes, a pullback like this on ETH likely means a pullback across the board in general, so be mindful of this for those attempting to trade LTF's (higher TF's remain bullish imo, with it being the time to DCA in on coins like $ETH and other technically and fundamentally sound alts for mid/long term holds).
Bitcoin has begun to clean up some of those untapped lows below...still a few more to go.
Meanwhile $ETH is holding up a bit better for now and has yet to really begin to take the built up lows of it's own.
I think we probs get more chop as we slowly take these over the coming days/weeks.
Everyone needs to read this because failing to make this shift in mindset is the single biggest roadblock to the average persons' success in this space.
It is the reason 95% of retail investors fail- because they let the current price of an asset dictate the perceived value of their potential investments- that is when price is down 90% from the highs they assume "this is garbage" and when price has pumped 100x off the lows they think "this is gold" leading them to buy HIGH and sell LOW when they should be doing the exact opposite.
Read it, shift your mindset now, and be the 5% who win- not the 95% who lose.
A pretty cool new tool created by my friends over at @massdotmoney.
Most CEX’s don’t offer off-ramping directly to a Hyperliquid account.
Now you can send funds from a CEX directly to your @HyperliquidX wallet in one easy step.
No Mass account needed either (but using one will waive the minimal fees charged for using this tool).
“Curve incentives are on the way, with gauge weight voted in for the next epoch. And as of today both pools are live on @ConvexFinance, where you can stake your LP shares for rewards on top.”
@CurveFinance 🤝 @ConvexFinance
The snacks always hit different on a Halo launch day.
The quick stop at the 7/11 on the way home after picking up your copy of the new Halo at the midnight launch event.
A Mountain Dew, some chips, candy, whatever you wanted cus it was a once in a few years thing.
Then rush home, pop in the disc, and jump into campaign.
And then in the days/weeks that followed- getting online with the bros, chatting it up on Xbox Live like you were all hanging out in the same room.
What a simple time man.
Two CEX’s just closed their doors after nearly a decade.
If @massdotmoney ever “shuts down”, all you need to do is import your wallet (via your seed phrase) to another platform of your choice.
No ability to lock you out, withhold your funds, demand “verification” docs prior to withdrawal etc.
That is the power of a self custodial wallet.
Ideally @massdotmoney never does shut down so you can continue trading stocks, perps, spot, prediction markets and more from a single app.
Try it out here: https://t.co/drgTi1nFxt
Pretty tricky/choppy LTF PA here on both $BTC and $ETH.
One thing that is obviously clear is we have left a lot of untapped liq below us on both of these- which means if we do move up with a lack of impulsive PA odds are we are at some point going to come back down to clean up these inefficiencies.
Going to continue to monitor to see how this LTF PA develops for now.
And on that note, if ethereum:0xd533a949740bb3306d119cc777fa900ba034cd52 is finding a local bottom here and going to front run it's own lows, its highly likely $CVX will front run that tap at $1.12 as well.
Recall the higher TF idea on $CVX- expectation here is we are setting up for a PO3 to $3+ irrespective of if the $1.12 level is tapped or not.
Starting to look more likely that we may just front-run our lows...seeing some LTF absorption into these local lows here, may be setting up for another LTF triple tap to send it back in the opposite direction... ethereum:0xd533a949740bb3306d119cc777fa900ba034cd52
20k+*
Explained why here three weeks ago when it was trading at $1500 and everyone was saying it was dead again- still not too late to watch and prepare yourself:
Why Ethereum Is Headed to $20,000+
https://t.co/L3ReXNqSV1
Word is that institutions are starting to buy $CRV or $CVX depending on which gives them the largest amount of gauge voting power per dollar spent 🤫
They may or may not have read this article to help make their decision 👇
https://t.co/URYRT3WocJ
🚨 IMPORTANT NOTE FOR ALL $CVX LOCKERS 🚨
With the launch of on-chain voting on @ConvexFinance, delegation for voting power for on-chain governance issues and gauge votes has NOW BEEN SEPARATED.
The screenshot below is directly from the @ConvexFinance website on the "Lock CVX" page, after connecting your wallet. Let's take a look at why this is important:
Prior to this, when you delegated on the @ConvexFinance website, you gave whoever you delegated your CVX to your voting power for BOTH gauge voting (this is how you get you weekly or bi-weekly bribes/payments) AND governance voting (this was vote power that could be used in governance related issues, separate from the yield-bearing gauge voting mentioned earlier).
NOW, you have the option to delegate to separate entities for each of these (gauge voting power vs governance voting power).
I've attached the screenshot below to make this simple for you all:
You can see on the right hand side there are now TWO options to delegate to instead of one. The first option in BLUE, the "gauge weight votes delegate" will determine who you delegate to for your weekly/biweekly yield that you're earning. For me, that is @StakeDAOHQ, as seen in GREEN in the screenshot below, but this might also be @VotiumProtocol for you- which is fine.
The second blue box labeled "DAO votes delegate" is exclusively for governance voting power. If you haven't selected this since the update went in place, you'll see the box empty (as in the screenshot below).
As a holder of $CVX, I personally believe that when it comes to governance voting issues, the @ConvexFinance team itself will likely be most aligned with my own interests (as opposed to other parties), and so I personally recommend delegating the "DAO votes delegate" to the Convex finance team, which you can do by simply clicking the blue button in the GREEN box at the bottom of this screenshot.
This will give the @ConvexFinance team the ability to direct your voting power in your absence during a governance proposal vote. You can of course change this delegation at any time or vote manually if you don't agree with the team's view on a future proposal for any reason- so this is by no means a binding decision- but it's helpful for the team to be able to pass important governance proposals for the benefit of all $CVX holders when needed.
Again to re-iterate, delegating your "DAO votes" voting power to the @ConvexFinance team has NO affect on who you delegate your "gauge weight" voting power to, and so if you want to continue to use @StakeDAOHQ to earn your weekly yields while delegating your governance voting power to the @ConvexFinance team, you can do this with no issues (as in the screenshot below).
Again, if you haven't already, I recommend delegating the "DAO votes delegate" to the @ConvexFinance team in the interest of giving them the power to make governance decisions that prioritize $CVX holders, first and foremost.
1% of the entire supply on a token that has zero inflation and pays out 10-30% APR consistently.
They are scooping it up for pennies on the dollar while most are not taking the time to even look into it 👀