@buydipcrypto you should check ADX an d EMA!! the weekly ADX at 31 plus price under both EMAs is what convinces me, the SMC stuff is just decoration on top of a plain downtrend. Either way same conclusion: fade the rally.
Bitcoin price bounces 12% in a day or so - and yet in the grand scheme of things - it doesn't change a thing.
Daily chart shows as much.
My plan remains the same: Accumulate cheap coins, do nothing for a year or two, and sell them to FOMO-ing tourists for a lot more.
$BTC
Bitcoin is nearing all-time oversold territory.
The weekly RSI is now lower than at almost any point in history/
The only readings lower since 2016 were in:
- November/December 2018, when Bitcoin crashed from $6,000 to $3,000.
- June/July 2022, during the collapse of 3AC and the eventual insolvency of Genesis.
Bart is still not leaving my $ETH chart!
As long as the Bart pattern is looming over us, nothing good will come from this chart!
https://t.co/TfCTsdwOrH
Next time you feel bad for missing something that mooned
Imagine being SBF:
- Put $500m into Anthropic, which would now be worth $70b.
- Held $60m in $SOL at $8 that would've been worth $2.1b at the top.
- Put $100m into Mysten Labs that would now be worth over $800m.
- Invested in Robinhood and held a 7.5% stake that would now be worth $10b.
Instead, everything got seized before they went up, and he missed out on $80b in profits 😭
The $ZEC treasury company $LPTX has deployed $50M into ZEC at a $245 avg price.
They are holding around 1.25% of the ZEC supply and are planning to reach 5%.
Be aware that they don't have the cash to accumulate 5% yet.
They do have a $200M ATM authorization though, and the daily volume on LPTX was huge today (I expect it to die down very quickly).