Capitulation season | Crypto Nova-1 på Binance Square

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Capitulation season

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$GRAY First real dip ever since the enormous strength it showed vs the rest of the market (outperformance). Objectively speaking things aren't looking bad here at all. Building strong support and bounced 2 times from that key level (seller exhaustion). Bull flag looks close to breakout as well 🤝

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While I agree that times of uncertainty and max fear offer some of the best opportunities in terms of buying (still not easy). It has to be said that when most people post "buy the dip" they aren't actually buying the dip at all. They already ran out of money and are just hoping others will buy their bags. The market will bottom when it does btw but not because they bought the dip every single time over and over.

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As usual, $BTC is holding up remarkably well considering all that's happening. But alts take the piss once again in terms of uncertainty. Not a macro expert, not a predictor in this area at all. But likely to only have relief and see alts step up to the forefront once there's a bit more clarity again. Saying we're tired is likely an understatement at this point.

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1/ What if your crypto wallet actually knew how to grow your money? Not another meme token. Not another yield farm. A wallet that thinks. Just looked into a DeFi project doing something wild with AI. Here’s what I found 🧵👇

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When I say I see $ETH still going to $10,000 it's not hopium speaking. I hate that myself and my targets on any token or coin in the entire market is almost always way more conservative than anyone else (I'm actually known for that). But when I say Ethereum is going to $10,000 that's actually my very realistic target (and really long term quite conservative actually). What I consider hopium is saying it will happen fast or very soon. We don't know that and very likely not this year. But Ethereum (and others) have been held back quite a bit by the current landscape and geopolitical conditions in the world. It's still the backbone of DeFi and the regulatory acceptance and institutional demand in time will likely skyrock just like what happened with Bitcoin this cycle. (this is actually already happening on a smaller scale) ETFs have also shown large interests in times of market clearance. Move forward in time with all of this and you're looking at the second most sought after crypto in the world. $10,000 Is A CONSERVATIVE TARGET.

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