$ETH #Ethereum
We have our retest of blue triangle. Bouncing and holding well.
To be honest ETH is not done rising as it didn’t come up this far to just turn back and go home.
$ETH #Ethereum
Break out above long term blue triangle.
Once it breaks upper blue price we can resume to new price discovery.
On refuel we want to hold above blue triangle alternatively above thin purple trendline.
$SOLO
requested!
green accumulation zone,
broke out of it, starting the trending phase,
1st wave finished at $0.85,
2nd wave is close if not in,
3rd would be next, targeting $2.25 to $10
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This is the worst sentiment I have ever seen, period.
There are calls for a bear market everywhere.
Large accounts doom posting galore.
And Fear an Greed levels back at September lows.
But if you have been following along with even a fraction of attention, you will know that things are never so simple as they seem.
Firstly, the last time the Fear and Greed index was at this level was in September... with the 3D RSI even lower.
Right before we made the push to new highs and Bitcoin pushed over 100%.
And this is EXACTLY how this game works.
The market will push low enough to convince everyone its over, and then reverse hard af, leaving everyone sidelined.
It is a tale as old as investing time.
Yet, every single time we approach this point, everyone falls prey to the same thing.
The peak emotions of the extremes of the market screw over 95% of investors.
Why do you think no one sells the top or buys the bottom?
Why do you think everyone FOMO buys the top and capitulates the bottom?
Because of the extreme emotion that are caused by these critical areas of the market.
I cannot overstate how important it is during these critical areas in the market that you proceed with logic and facts.
The facts are:
- We are key HTF support, the most likely area for reversal
- We are in a clear and defined uptrend and have been since $15k
- Zero top signals for Bitcoin have flagged yet
- Sentiment is a reverse indicator, and has hit the lowest point since our last local bottom
- Institutions and smart money have been buying BTC and ETH in crazy amounts
- We have the first pro crypto US administration
Until we lose HTF support at $85k, we are extremely bullish.
We can even tag $77k and still be HTF bullish, although that would take a lot longer to recover.
Again, getting closer to key support makes things MORE bullish, not less, because we are closest to the most likely area of reversal.
Bottoms are the hardest place to be in Crypto, which is why no one really navigates them properly.
The whole space becomes an echo chamber of bearish sentiment and large accounts doom post.
This further worsens the issue for smaller and inexperienced investors, until the critical mass point of negatvity is reached, and they sell...
Which is always, always, the bottom.
Sentiment and bearish behaviour is obviously always at the bottom.
Which, obviously always happens just before the next rally.
Look, I understand things are very shit for alts and have been for sometime, but it is imperative that you do not end your Crypto career here and bow out right before the most likely area of reversal.
And when we do top, you will be seeing the opposite of this sentiment and no one will be selling.
This is not the end of the cycle imo, but it is the start of the end of the correction...
I was hoping we would not need to push to these levels, and for 3 weeks the BTC chart looked like it was printing a bottom.
But here we are, and we must navigate this period with the utmost resilience.
If you have stayed in the game this long, don't cave now.
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