Sykodelic 🔪

Do you know the craziest thing?

Yes, this is an insane chart.

But this is the first time in a while where for me, the use case has actually matched the hype.

@useGradient Is totally revolutionary for the #DeFi space.

Not just for investors, but projects too.

So why is it so bullish? 👇

$GRAY has developed a totally groundbreaking new system in which a liquidity system provides liq in such a way that price impact for trades on a DEX can be totally removed.

Not only do investors save money, but they can actually also earn money by contributing liq to the Gradient system.

But that is not all.

All of the fees that $GRAY earn through their system...

100% of those fees are used to buyback $GRAY.

100%!

So what we have here is a project that will be...

- Destroying one of the biggest pain points of #DefI(price imapct),
- Whilst saving hundreds of millions
- And allowing people to earn hundreds of millions...

All whilst using platform fees to buy back the token.

This is truly a $1bn+ product and it is evident in the chart from these early stages that I am not the only one who see's it.

Don't expect this one to top out any time soon.

Sure, local tops and retraces...

But this one is coded for so much higher.

This is what we have going down in the Syko Discord.

Come and join... it's free.

I don't charge you and never will.

Join here - https://discord.gg/bX5zZHFMtN

Congrats @oldmategary on the mega $GRAY trade brother, and smartly taking profits - great having you.

Every once in a while a project comes around like $GRAY.

A project that that engulfs the perfect storm of:
- Tech
- Communication
- Whale adoption
- Attention and hype
- Strong organic support
- Bullish market launch time

Last one that captured all these was $XMW, and we know what happened there with the first few months of launch.

Very bullish and strong.

I understand it can be hard to take positions in something when you have watched it go up from early stages...

But it is better to back strength at a higher mcap than throw money into something not as good because it is a lower market cap.

NFA - but this is just something we all fall prey to.

With this kind of chart structure :
- Push
- Consolidate
- Push
- Consolidate

Without overextending at any period, can honestly keep going up so much higher than what you might expect.

$GRAY is likely to become the launch and project of the year. Just like $XMW was for the end of last year.

I have said this many times before but let me say it one more time.

If you get bullish and buy on every pump, but bearish and sell on every dump...

You are going to lose all of your money.

You have to understand this one fact...

Every time we dip there will be fear, and very likely a narrative attached to that fear.

This time, its Israel and Iran war fears. Other times it recession etc.

And every single you will be able to quantify that fear in your mind.

"War is bad, prices are down, it will go down more cos war is bad., others are worried, it must be bad... im scared... SELL"

Then prices reverse cos the move has already happened.

And this is EXACTLY what it is designed to do to you.

Then on the other hand, when prices go up and everyone is bull posting gains...

"That project must be good, market must be good, everything is pumping, others are very bullish, i need to get in because i sold before... BUY"

It literally NEVER changes.

Only the current narrative does and the tokens you're looking at.

But the situation plays out the same way time and time again.

Here is the cold hard fact you need to learn if you want to be successful.

Every single buy you make will be hard, and the best buys will be the hardest. Because there will ALWAYS be fear surrounding lower prices, and lower prices are what you need to buy dips.

You literally cannot avoid it.

If you want to feel safe and happy when you are buying, you will be buying the top of a pump.

That's it.

So, therefore, understanding this...

We understand that in fact fear is a necessary part of this game and instead of using it as a sell signal...

We use it as a buy signal.

If you cannot detach emotionally from the fear and fomo you feel, and are constantly pushed and pulled by every change in narrative.

You will lose.

And you will lose fast.

They are really trying their absolute best to shake you out.

War announcements are 99% of the time very temporary deviations.

Let's look at the facts as always 👇

Firstly, I understand this has been an extremely difficult cycle. No two ways about it. I am in it, and I feel it too.

But we must always detach from emotion and observe the data/charts.

1. BTC Liquidation levels

First thing to not here is that on the last push we left the highs untapped, which means they were leaving it to go back to later. Good.

Now, the lows have been taken first and all signifcant liquidations have been hit.

That $111,000 cluster is next.

2. BTC & ETH Trend

Both BTC and ETH are still both LTF and HTF bullish.

We are getting perfectly healthy consolidations/ranges with key EMA retests and respecting levels.

BTC - Supertrend intact, respecting key levels, retest of 50ema

ETH - Supertrend intact, respecting key levels, retest of 200ema

3. OTHERS(altcoins) Chart

Doesn't get much clearer than this imo. Yes, again, you are stressed, but that is emotion.

This. chart could be coiling in a more bullish way.

Conclusion:

This is nothing but another shake out.

Zero change to any plans.

Nothing is going to stop this cycle playing out.

It is definitely time to jeet all your bags with this massive ETH dump right on HTF retest of the channel.

Just before it breaks through $3,000.

And right before true outperformance.

Because $ETH should've 100% broken through one of its strongest resistances the first time bro.

This 3% dip definitely means that is over.

Such a shitcoin bro.

$HEDGE is going to run hard soon.

They are about to release their long developed OTISUM Upgrade - I have added to my bag again now.

What this means is that once the product is live, you will be to.

Trade Crypto,
Trade Stocks,
Trade Indicies,

All AI powered, automated, without KYC, and on a DEX.

Let that sink in.

Fully Automated AI powered trading without KYC.

For reference, they had a 10/10 winning run on their SPX stock trades recently.

There is nothing else like this in the space and this is by far the best AI powered trading project.

So far has been a slow cook, but once this product goes live and people realise how incredible it is... we will pick up traction.

Only $700k still... which is wild. @hedgefieth

CA: 0xe56a10448C632E44605dCc5201c36122FF9D0250

Can we just take a moment to appreciate the sheer beauty of this $GRAY chart.

Wow.

All this insane price action, and the chart is very chilled and not overcooking at all.

We have gone from $1m -> $14m in a week, and I can honestly say whlst reviewing the PA and team performance that we still have a way to go before the first proper correction.

This type of PA will ultimately end in an aggressive blow off top before we correct...

And I would expect to see extremely overbought conditions on the 1H RSI.

Doing TA on micros is hard because they are unpredictable and violent.

But $GRAY so far is showing no signs of stopping just yet.

The Altcoin setup cannot be more obvious imo.

And what makes this even clearer to me is that we get a tiny tiny retrace, and you see the doubt creep in on the timeline.

Just take a look at the OTHERS chart and see for yourself.

Now, when we combine this with:
- ETH/BTC
- BTC.D
- ETH.D
- USDT.D
- $ETH

All of which I have shared in recent times...

The direction is overwhelmingly to the upside for OTHERS.

Up.

What an amazing chart we have here with $GRAY.

Congrats to all those who joined the initial call - you have booked some amazing profits.

Now I'm expecting something like this, but no promises on getting $0.4 level...

We have some really strong demand at $0.55 with large buyers stepping in every time it gets tagged.

Overall this is a very clean chart with clear demand and a consistent and strong uptrend, without pushing too much.

This has much higher to go imo.

$ETH is looking very strong.

Whilst most are still doubting it... $ETH Dominance is pushing up with aggression.

After trending down for over 3 years, we have just had a

- 1W Supertrend Buy signal(Very strong HTF signal)
- 1W MACD flip bullis
- 1W RSI bottom from oversold

$ETH Dominance has flipped green at a few points during the downtrend, but never with the confluence of all three metrics listed above.

Combine this further with the fact it reversed from the actual bottom of the chart, and alongside ETH/BTC and $ETH's performance i have highlighted today...

You have all you need to see to recognise that $ETH has a very long way to push from here.

It is vital for your success that you detach from the fear based mindset and recency bias, and be able to process the logical data that we can see.

This paints it even better.

$ETH has been consolidating between the 200D EMA and SMA.

That is CLEAN.

Yesterday, we got the first Daily close above the 200D SMA(i muddled them up in my last post).

Regardless, this is going up.

That's it.

It's on.

$ETH just pushed hard and closed its first Daily close above the 200d EMA.

This is incredibly bullish.

Before this we swept the liquidity at the lows, and closing above the 200d EMA after...

$ETH is telling us what is next.

Much, much higher.

And you know what that means for alts 😉

This is one of the best entries in the market right now.

- $EVA @EVA_AI_2024

Brilliant chart, products and community.

Had a great run when everything else struggled, which showed how fundamentally strong it is.

I see this one having a very strong bounce really soon.

$ALVA is about to make the fadoorrsss go for the rope.

When you see a project consolidationg like this
With a AAA+ Utility coming out
That has been years building
With a doxxed team
And $10m Grant

You simply ape... and you ape big @AlvaraProtocol

This pump is nothing for what is coming.

Every single time we get the tiniest dip another whale clips $20k in.

I've never seen anything like this before - $GRAY.

Over 120+ Smart money whale wallets now holding $GRAY.

That is unheard of for a project at $4.5m Market Cap.

Just look at that chart...

It has MINIMUM $10m on the main first leg.

Vertical accumulation is a thing.

You don't sell these kinds of charts.

Bought more $SERV today.

Thanks Jeets.

I will sell them back to you at $500m.

Because if you actually know anything about this project, you know its going there...

As a minimum!

Wen Syko 50k followers?

If you appreciate my content, give my account a share 🙂

I am but a humble mask who has stayed in the game and shares all my thoughts, analyses, and calls, all for free.

I want to turn to the 50k resistance into support 😉

Thank you all who follow and engage with my content.

I appreciate you all.

Bitcoin looking great going into the Weekly Close.

With:
- Bitcoin respecting all levels as pictured
- Funding negative yesterday
- Aggregated premium more negative than the lows
- Overall sentiment very bearish and defeated
- Coinbase App store at 409
- Bullish green hammer weekly candle

We're looking very bullish here.

To me, everything is lining up for a strong week next week.

Close like this in 5 hours and we looking v strong.

We're about to full send.

Everything I'm seeing is pointing towards a full and all out expansion coming, likely next week.

The fact that funding went negative yesterday...

And Aggregated premium just recorded its most negative level since the bottom at $75k.

Yes, that means overall, traders are favouring shorts more than they were at the bottom.

That is simply an insane statistic.

In addition and in strong confluence, the overall market sentiment is very bearish.

No one believes anymore.

What this tell us is that we have so far to push until we reach overbought and euphoric levels.

And I believe this has been done by design.

Bitcoin to $200k
ETH to $12k
TOTAL $10tn
TOTAL3 $5tn

Everything I'm seeing points to this.