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UnBearaBull
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Bullish
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Ethena
$ENA
looks so bearish on this daily chart 😲
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$BTC HTF Analysis and SOL giveaway. The correct answers will win 1 SOL each. I know it's not a lot but I want it to be genuine. Shared with you is the BTC weekly chart with RSI at the bottom. On the chart, we've marked three vertical lines in white, these lines have been marked where the RSI broke out of its diagonal downtrend marked in red on the RSI indicator. When it first broke out on 9th OCT 23 and held support of 43 Relative stregnth level, we saw a whooping 165% bounce. The same happened again on 9th September 24 and we saw 90% gains. Now in April 25' we've just broken out of a diagonal downtrend, nicely holding on to the RSI 43 level. Based on this, we are expecting a retest of All time highs within the next couple of months. I will give away 1 SOL to the person who guesses the number of days it will take for BTC to create a new high. (counting from today) I will also give away 1 SOL to the person who guesses the BTC new all time high. Starts today 15th April, last day to comment is 25th April.
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Historically, we've seen RSI tap the overbought zone of 70-95 on ALT coin market capital (others) monthly chart before completion of each market cycle. Do you think we'll visit the highs this time too and have a Giga Alt season? My Vote is YES, comment yours. #others #total3
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I went from a full time trader to working at McDonald's because I didn't know this: Markets move in the following phases: 1️⃣ Accumulation: Smart money buys low (stealth mode 🕵️). 2️⃣ Markup: Smart money pushes the market up🚀. 3️⃣ Re-accumulation: Retail buys high 4️⃣Distribution: Big players exit 💸. Then comes the panic selling driving prices lower back to Accumulation phase. You have to comment if the most recent Distribution phase has been marked correctly or not in the weekly chart of Total Market Cap Also, what does the trendline on the RSI suggest?
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Based on the Elliot wave cycle, each bull market comprises of three impulsive waves marked as wave (1), wave (3) and, wave (5) including two corrective waves marked as wave (2) and wave (4). Upon the completion of these 5 waves, the price makes a higher low at wave (A) leading to buying exhaustion and a lower high being formed at wave (B), the move then starts a downtrend making a new low at the end of wave(C). Considering that the 110k high was the end of wave (3), we shall be seeing one more impulsive wave leading us to a new top for BTC based on Elliott waves. People have already started calling for mid 60k's and undoubtedly there's a lot of liquidity there, but in our opinion it shall have to be visited on wave (C). Note: plotting elliot waves on a higher timeframe is at times tricky because between two waves, there are going to be 3 impulsive waves and two corrective waves within those waves and as you jump on the lower time-frames you'd find waves within waves within waves which is why not a lot of people trade based on it and only use it to have a general idea of the trend continuations and trend shifts.
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Quick update on #Alts Market cap (Total 3). This is the daily timeframe chart. We currently stand above key liquidity levels at $800B. The RSI broke out yesterday. Currently retesting the previous horizontal resistance (flipped support). If the RSI doesn't bounce back. We'll see a lot of blood in the market while a bounce can revive the hope. This is the last hope. Keep a close eye on it.
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