@AdrianStarr108 @PeakFinance_DAO @MetisDAO Nice! Sorry to blast that out since project is still going just took me by surprise when looking at the tx log. Thought something must've been wrong with the Metis tx explorer or something at first lol keep grinding my man ๐๐ค
Charts still look pretty good. Need Eth to clear and hold above $1720. Thought that'd offer some more support on the way down but market selloffs are what they are at a certain point.
@My_2Satoshis @PeakFinance_DAO No worries was just surprised when I saw that because when project launched there were hundreds of tx's a day seemed like. Sorry for jumping to conclusions that's just the game a lot of times on these smaller alts lol
Crypto Twitter can be pretty funny sometimes because you'll see these long threads breaking down "fundamentals" of a project, roadmap, hyping the dev team, etc etc but in reality you'll outperform most of those by just seeing a ticker posted of a coin that's going up and entering
$MC Merit Circle
Watching this to see if this becomes a double bottom or another gap down. I'd like to get some game fi exposure at this point considering how badly they've all been rekt, but I can't be a buyer here with the merge upcoming and no directional validation on chart.
@AdrianStarr108 Higher highs higher lows since the 3ac and Celsius liquidations. Forced sell off is over and large token unlocks are too. Now just hold and let's see where things sit in Q4 ๐ซก
@0xKekleon The money printer thing doesn't even make sense because it's outperformed by alts in that environment & proved to be the antithesis of an "inflation hedge" this year. All the narratives are dead it's basically just the "institutional exposure" coin now with most name recognition
It's been so long since we've had a bitcoin-only run that it feels pointless to have any exposure. Worse than stables for protecting downside risk and worse than Eth in capturing upside; has been that way since Jan 2021. Gotta figure eventually we get a BTC.d pump...or not..?
"$17.4k/$840 wasn't the bottom this is a bear market rally look at macro"
Ok sir are you a macroeconomist? Any experience whatsoever?
"No but I watch a lot of YouTube plus the vibes are off"
Buy
@AdrianStarr108@MetisDAO Basically Metis will consolidate while Eth goes up then when Eth hits resistance and consolidates that money from profit takers rolls into the L2 trades and they pump back up vs Eth (and USD). Very cyclical now that the bear market is over.
@AdrianStarr108@MetisDAO Ha don't think a 35x vs Eth is possible but it's funny bc trading this pair is becoming increasingly easy. Someone with hefty stacks is setting limit sells on the round numbers only so support/resistance are very simple. Tapped 0.03 on dot this week after flipping 0.02 support
$ETH
This is normal selling at resistance. Watch for the retest of $1720 if you want to know where this market is going the rest of the year. It's the most important area on any chart in crypto. The days of BTC leading the whole market are over, it's all about Eth now.
$ETH
This is thee key level for Ethereum in my opinion. If you can flip $1720 back to support we could be in for bull market 2022/2023. However, if this line sticks as firm resistance the dump could be debilitating lol. Next 3 weeks are huge. Turning point either direction.