@QuintenFrancois In a way I hope so. We need 1 leg lower to break below the 200W sma. You need that (historically) for the bearmarket to truly form a bottom and finally move up again.
@GemeenteDenHaag bedankt voor de info, was al bekend met die optie, en maandag ga ik idd langs bij de gemeente als het nog steeds niet lukt. wilde enkel even melden dat de site dus nog steeds niet goed werkt (nu net weer geprobeerd)
@IncomeSharks what about the breakout (and retest) of this massive triangle it's been forming since 2021 on the M chart? (Also visible on D or W chart though)/ would theoretically take ETH to about 17k
@Malmissile13@QuintenFrancois Even if you assume that BTC'd be worthless, now is not the time to buy gold. Mntly RSI has not been this high since 1980, MACD is more than 2 times as high as its ever been. people buying now are exit liquidity for a big correction. meanwhile BTC is in a pretty neutral state
@QuintenFrancois During the covid crash BTC had a -40% 1d candle and SPX went -35% from its highs. now BTC has only a -15% candle and SPX is -7% from its highs. Both are just retesting support within a normal range.. if I didn't hear the news I'd think this is just a normal correction.
@sssebi Sad truth though if you compare it to the traditional market: it's usually the lying/cheating companies that come out on top. The moral companies with good ideals often don't make it unfortunately
@duonine@ShayneOnChayne I'm assuming you were here last bull run in 2020/2021. Remember how everyone felt about alts in nov 2020? Everyone was saying btc would be the only one pumping, then a couple of weeks later alts went crazy. Retail is not here yet, there will be lots of juice when they come
@sssebi Who is using this booming ecosystem though? Tvl, volume, etc are very low for a coin that has the 13th biggest marketcap in crypto. imo its already overvalued.
@sssebi imo its already overvalued if you look at mcap in relation to the tvl and volume. Not saying that it's worthless, it can have a place in a portfolio and will prob pump some in the bull. But imo its neither a blue chip nor an undervalued gem
@QuintenFrancois This feels so much like okt-nov 2020 to me. That period between the test pumps and the real bull, where so much bullish stuff is happening while the price is not yet moving. Feels like the coming year will be crazy. No guarantee ofc, it's just a hunch