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LINK is Gearing up for a Bullish Move Howdy Paradisers! At the moment, LINK is reflecting a wedge pattern, with a significant observation being its trading stance in a potent demand zone and slightly above the EMA 50. 💎 Another consideration is that if the price dips back into strong support due to the market volatility that has been a common theme in recent days, it might consolidate. With an increase in selling pressure, this could potentially offset the bullish momentum. 💎 The POC of VRVP (Visible Range Volume Profile) is acting as a resistance point. If the price maintains its momentum, we might be on the verge of a substantial bullish move. 💎 Paradisers, always remember that in the ever-changing world of crypto, staying updated and adaptable is crucial. Keep an eye out for more updates and relish your trading journey with #MyCryptoParadise!
Long
by MyCryptoParadise_Nathan
2
ATA/USDT Looks bullish?👀AutomataNetworkToday Analysis💎 ATAUSDT Currently trading within a demand zone, priming itself for a potential bullish surge. 💎 While the volume has seen a notable uptick recently, a longer-term view suggests a more subdued activity, with the price appearing somewhat stagnant. 💎 Diving deeper, we've noticed a shift from demand to supply, leading to a pronounced downward movement in the price. 💎However, looking ahead, there's a distinct supply zone accompanied by an imbalance and a bearish order block. It's highly probable that the price of #AutomataNetwork will gravitate towards this level in the near future. 💎 In the dynamic world of crypto, staying informed and adaptable is key. Stay tuned for more updates and enjoy your trading journey
Long
by MyCryptoParadise_Simon
Injective looks ready for bullish move🔥 🚀INJ Today Analysis💎INJUSDT is gearing up for an impressive bullish surge. Currently, it's trading within a falling wedge and is on the brink of an upward breakout. 💎Another noteworthy point is that INJUSDT is following the 1-5 Elliot Wave pattern, which could further reinforce its upward trajectory. 💎Moreover, the RSI is also signaling an upward trend, providing a strong indication of potential bullish momentum. 💎In the dynamic world of crypto, staying informed and adaptable is key. Stay tuned for more updates and enjoy your trading journe
Long
by MyCryptoParadise_Simon
Shiba Inu bullish momentum building? 🚀🔥Shib today analysis 💎SHIB is currently making some fascinating moves, bouncing back from the support provided by the intersection of the horizontal and uptrend lines. 💎 Another observation is that it has faced rejection from the EMA 50 twice. The uptrend could potentially kick off before encountering a 10% EMA 50. 💎 The RSI being below 50 indicates that bears still have a hold on SHIB's price and could easily regain control if the bulls falter. If this occurs, the resulting selling pressure could push SHIB downwards. 💎In the dynamic world of crypto, staying informed and adaptable is key. Stay tuned for more updates and enjoy your trading journey
Long
by MyCryptoParadise_Simon
LTC/USDT possible Scenarios? 👀 Litecoin Today Analysis💎 LTC is making some intriguing moves. We've observed that it has effectively mitigated the previous Order Block (OB) and, in response, embarked on a downward journey. 💎 Currently, the price seems likely to continue its downward trend, as we have an OB at $81.59. LTC might initiate a bullish move from this point. 💎 Another factor to consider is that if the price fails to take a bullish turn from the $81.59 level, it could re-enter the supply area again at $70.82. 💎 The $70.82 level is of utmost importance because there's no more liquidity beyond that point. A bounce back from this area could set the stage for a bullish move. 💎 In the dynamic world of crypto, staying informed and adaptable is key. Stay tuned for more updates and enjoy your trading journey
by MyCryptoParadise_Simon
4
SasanSeifi 💁‍♂️MATIC 👉3D 🔻🤔Hey there, In the long-term timeframe, as you can see, the price has been accompanied by a positive fluctuation of approximately 25% from the demand zone at 0.60. Currently, the potential scenario to consider is as follows: after gathering liquidity from the price range of 0.65 or possibly from the supply area (once confirmed and adjusted further), the price could move towards the price range of 0.50/0.42/0.40.💹 🔱To better understand the continuation of the price movement, it's important to observe how the price reacts to the resistance levels at 0.75/0.85. The price's response to these resistance levels will provide valuable insights. However, if the price manages to break above the significant resistance level of 0.85 and consolidates, there is a possibility of further growth. The potential trends in the image above have also been indicated.❗ Just keep these scenarios in mind as you analyze the market. Remember, things can always change unexpectedly, so stay flexible in your trading approach.❗ Wishing you loads of success in your trading adventures, my friend!✌ ❎ (DYOR)...⚠️⚜️ Sure, if you have any more questions or need further clarification, feel free to ask. I'm here to help! And if you found my analysis helpful, I would appreciate it if you could show your support by liking and commenting. Thank you!🙌
M
by SasanSeifi
SasanSeifi 💁‍♂️DOGEUSDT👉1D Hey there! 🔱 As you can see from the latest analysis, the price hit the targeted support level of around 0.060 and then bounced back with some positive fluctuations. Right now, it's trading at around 0.068. So, here's the deal: for a potential uptrend, we'd need the price to break above that important resistance level at 0.072 and stay strong up there. If that happens, there's a good chance the price could go even higher, possibly reaching the supply zone around 0.082 to 0.090.💹 ◼But to get a clearer picture of what comes next, let's keep an eye on how the price reacts to the resistance range of 0.070 to 0.072. If it can't break through, we might see some consolidation and correction. In the daily timeframe, it is crucial to maintain the support range of 0.062 to 0.060.💹 🔹Just keep these scenarios in mind as you analyze the market. Remember, things can always change unexpectedly, so stay flexible in your trading approach. 🔹Wishing you loads of success in your trading adventures, my friend!✌ ❎ (DYOR)...⚠️⚜️ 🔶Sure, if you have any more questions or need further clarification, feel free to ask. I'm here to help! And if you found my analysis helpful, I would appreciate it if you could show your support by liking and commenting. Thank you! 🙌
by SasanSeifi
ARB/USDT Bullish move incoming?👀 🚀Arbitrum Today Analysis 💎ARB is making a fascinating move as it's currently trading in a demand zone and is primed for a bullish surge. 💎 A few days ago, it skillfully tapped into the bearish Order Block , made equal highs, and initiated a downward move to mitigate the Bullish OB and seize buying liquidity. 💎 Currently, it's nearing a crossover with the EMA 55. If the price maintains its momentum above this, it could trigger an upward move. 💎 Above, there's a supply zone where the price is expected to retest due to remaining liquidity. 💎 In the dynamic world of crypto, staying informed and adaptable is key. Stay tuned for more updates and enjoy your trading journey
Long
by MyCryptoParadise_Simon
ETC/USDT WHAT NEXT ?👀🤷‍♂️ETC Today Analysis💎 ETC is primed for an intriguing move as it has impressively tapped the Bearish Order Block (OB) twice. 💎 Currently, SET:ETC trading in a demand area, and we anticipate the price to retest the OB once more. 💎 Notably, the first bounce faced strong rejection, and the second bounce appears weaker, signaling that the price might ascend again. 💎 Volume also displays significant spikes, confirming a high probability of upward momentum. 💎 Another factor to consider is that if the price breaks the critical point,EthereumClassic could experience a downward move 💎 In the dynamic world of crypto, staying informed and adaptable is key. Stay tuned for more updates and enjoy your trading journey
Long
by MyCryptoParadise_Simon
ANKR/USDT upward momentum!!👀🚀Ankr Today Analysis 💎Ankrusdt is making intriguing moves as it neatly follows the overlapping trajectory to reach the bearish Order Block (OB) to tap into additional liquidity. 💎 In the past, it experienced a significant downward shift as the demand turned into supply, further reinforcing the downward movement. 💎 After tapping into the downward liquidity, it set an upward momentum, tapped the OB once, faced rejection, and is now setting up again for upward momentum to tap into the remaining liquidity. 💎 In the dynamic world of crypto, staying informed and adaptable is key. Stay tuned for more updates and enjoy your trading journey
Long
by MyCryptoParadise_Simon
MATIC/USDT upward move !!👀 🚀Matic Today Analysis💎 Matic is gearing up for an intriguing shift, currently trading in a demand zone and hinting at a bullish surge. 💎 In the past, we've noticed Matic skillfully mitigating the bearish Order Block (OB), setting the stage for a bullish move to reach another OB. After tapping into the liquidity once, it resulted in a downward shift 💎 The bearish OB has been tapped, and it's highly likely that the price will revisit this level due to the remaining liquidity. 💎 The VRVP is showing a significant volume, indicating volatility and a potential upward move is on the horizon 💎 In the dynamic world of crypto, staying informed and adaptable is key. Stay tuned for more updates and enjoy your trading journey
MLong
by MyCryptoParadise_Simon
2
ADA/USDT bullish move incoming!! ?👀Cardano Today Analysis💎ADA is gearing up for an impressive bullish move. 💎 A few days ago, ADA effectively mitigated the bearish Order Block (OB) after grabbing liquidity, setting the stage for a downward move. 💎 Currently, ADA is trading in a demand area, and we anticipate the price to reach the level where it first faced rejection. 💎 The significant surge in volume is also indicative of a potential upward move. There's a bullish OB present at $0.2895, and we expect the price to reach this level before initiating a bullish move. 💎 In the dynamic world of crypto, staying informed and adaptable is key. Stay tuned for more updates and enjoy your trading journey
Long
by MyCryptoParadise_Simon
How to trade ETH?Hi, folks! Today I saw many charts, and my eyes caught the ETH. First and foremost, relative to Bitcoin, ether is undervalued. Often on the bull market, it recoups itself later on. As I've often noticed, the start of the alt season begins with DOGE rising as well as ETH. We go hand in hand with these altcoins. In case of liquidity spillover, we should pay attention, in my opinion, to CRYPTOCAP:ETH as one of the first coins. Let's take a look at the chart. I see the highlighted zone 1865-1860 as a zone where the false breakout will be played back. The setup should be associated with a huge volume spike on a small candle with a big tail. In the case of growth from the current values, the entry can be at the breakdown of the local high 1920, with the purpose of moving to the resistance of the 1969 and 2010 levels. What do you think about the possible alt season and ETH? Write commentary below! I will appreciate your comments and likes. See you:)
Long
by Ingwina
5
IMX/USDT bullish setup …!!👀 🚀IMX Today Analysis💎 IMX is primed for a bullish move as it's currently trading within a falling wedge pattern while maintaining strong support. We're anticipating a breakout in the near future. 💎IMX is on the verge of crossing over the EMA 50. If it manages to sustain its position above this level, it could further bolster the bullish momentum. 💎The VRVP is currently showing substantial volume, which is another factor to consider. Moreover, trading in a high-demand area could be a strong signal for a bullish move. 💎If IMX manages to break the resistance area at .749, we could see a significant move towards the $1 mark 💎However, if the price re-enters the box area, it could trigger a significant downward move. 💎In the dynamic world of crypto, staying informed and adaptable is key. Stay tuned for more updates and enjoy your trading journey
Long
by MyCryptoParadise_Simon
PowerPool bull run don’t miss out?!!👀 CVP Today Analysis💎It has recently experienced a structural shift. Previously, the price demonstrated a consistent pattern of holding strong support levels. 💎 The latest price action suggests a break from this pattern, potentially signaling a change in market dynamics. Currently, CVP is maintaining a strong stance above the Exponential Moving Average 50. 💎 This sustained position indicates positive momentum and potential bullish sentiment.The high trading volume observed in conjunction with the recent price movement can be seen as a positive indicator. 💎 In the ever-changing crypto universe, staying updated and adaptable is essential. Stay tuned for more updates and enjoy your trading journey.
CLong
by MyCryptoParadise_Simon
TFUEL/USDT next potential move 🚀 🔥🔥 ThetaFuel today analysis 💎 TFUEL is gearing up for an exciting move. It's currently trading within a descending channel and is on the brink of an upward breakout. 💎 Another key observation is that the price is maintaining strong momentum above the 21 EMA, which further bolsters the potential for a bullish move. 💎 The presence of a demand zone is another crucial factor to consider. We have a clear supply zone, so we expect the price to mitigate that level before deciding on the next move. 💎 The RSI is also indicating that the upward momentum isn't over yet, as it's above 50, signaling a potential upward trend 💎 In the dynamic world of crypto, staying informed and adaptable is key. Stay tuned for more updates and enjoy your trading journey
Long
by MyCryptoParadise_Simon
SAND/USDT bullish ride 👀 🚀 The sandbox today analysis 💎 t's currently trading in a demand zone, setting the stage for a potential bullish move. We've also noticed a descending channel pattern that's on the verge of a breakout. 💎 Previously, we saw the demand zone turn into a supply zone, causing a significant downward price movement. The market has since grabbed buying liquidity and mitigated the previous imbalance. 💎 Currently, SAND is maintaining strong momentum above the 21 EMA, which further bolsters the potential for a bullish journey. 💎 In the dynamic world of crypto, staying informed and adaptable is key. Stay tuned for more updates and enjoy your trading journey
Long
by MyCryptoParadise_Simon
RouteUSDT: Unleashing Explosive Potential for a Bullish Breakout💎 Paradisers, RouteUSDT is currently navigating within a well-structured triangle pattern, marked by two distinct support and resistance levels. Here's what you need to know: 💎 Solid Support and Resistance: The triangle pattern has demonstrated multiple interactions with both the support and resistance levels, underscoring their importance in the price action. 💎 Bullish Atmosphere: The overall market sentiment for RouteUSDT is leaning bullish, with rising anticipation of an imminent breakout. 💎 Breakout on the Horizon: Traders and ParadiseSquad members are keeping a close eye on the price action as RouteUSDT nears the resistance zone of the triangle pattern. 💎 Sustained Breakout: If RouteUSDT successfully breaches and maintains above the resistance zone, it could spark a robust bullish surge. 💎 Upward Momentum: The breakout from the triangle pattern has the potential to ignite renewed buying interest, propelling the price of RouteUSDT higher. 💎 Technical Confirmation: The breakout scenario is further bolstered by other technical indicators, reinforcing the bullish outlook. 💎 Profitable Opportunity: Traders and ParadiseFamilyVIP members who strategically position themselves before the breakout may benefit from the potential upward move in RouteUSDT. Please remember, Ladies and Gentlemen of ParadiseClub, this analysis is based on the current market conditions and technical analysis. It's crucial to conduct your own research and analysis before making any investment decisions.
CRYPTO:ROUTEUSDLong
by MyCryptoParadise_Simon
AAVE something exciting Don't Miss Out..!!👀 AAVE Today analysis💎AAVE replicating the same wedge pattern, with a key observation being that it's trading in a strong demand area and below EMA 50. 💎Another aspect to consider is that if the price re-enters the box due to the market uncertainty that has been prevalent for the last few days, it might consolidate and, with increased selling pressure, invalidate the bullish momentum. 💎The POC of VRVP (Visible Range Volume Profile) is acting as resistance. If the price maintains its momentum above EMA 50, we could be in for a solid bullish move. 💎 In the ever-changing crypto universe, staying updated and adaptable is essential. Stay tuned for more updates and enjoy your trading journey!
Long
by MyCryptoParadise_Simon
3
Dogecoin excited bull journey!! 🚀Doge Today Analysis 💎 Dogecoin is making an exciting move as it recently broke out of a descending channel pattern, setting the stage for a potential bullish trend. 💎 Currently, it's trading in a high-demand zone, and the RSI is indicating upward momentum, all of which point towards a bullish scenario. 💎 Looking ahead, we have a bearish Order Block (OB). The price is expected to address this, absorb the selling liquidity, and then determine the next course of action. 💎In the dynamic world of crypto, staying informed and adaptable is key. Stay tuned for more updates and enjoy your trading journey
Long
by MyCryptoParadise_Simon
TOTAL CarnageA lot of investors are probably asking, WHY IS THIS HAPPENING? We're seeing unbelievable amounts of deleveraging, not just in the cryptocurrency market. Over the last several months, I have posted consistently on why I believed there was significant risk for something like this to occur. Within the crypto market itself, we're now seeing consistent bad news. Trust is evaporating, as participants now feel that nowhere is safe. The profiteers and the moguls are now being exposed, and the system is failing. Microstrategy's share price is in freefall - and this is something I suggested could happen months ago, before the broader market was considering this as a significant risk. Here is my post about MSTR and Bitcoin from April 30th: Bitcoin has declined over 20% since that post, while MSTR has collapsed by a staggering 50%+. This tells me that it is very possible investors see Bitcoin has worth far below its market value, and see it as a big risk to Michael Saylor. That means Bitcoin can fall quickly to sub-$20k levels. Bitcoin has also now broken its long term trend against SPX convincingly. If Bitcoin is to head back to those lower levels against SPX, and if SPX drops by another 30-50%, Bitcoin could collapse to lows not seen since the 2018-2020 bear market, meaning Saylor would indeed be liquidated at $3.5k. Already, many altcoins are deflating at an alarming rate back to some of those levels. And why would SPX drop by another 30-40%? It's still a ways above a pretty significant long term trendline. If markets can't get it together soon, that remains a glaring target. Here is where I wrote about the asset bubble and the (actual) death of Bitcoin: Recently, I wrote about a potential altcoin collapse after noticing the long term trendline break for Litecoin: I even wrote about an altcoin capitulation back in March, right before the last major market bounce: Now as for that bounce to $46-48k, here is the post where I speculated why it could happen. Pressing play on this one is fun. Here are a few of my bearish altcoin posts from the last few months, including where I showed weakness in the Terra (LUNA) chart, while it was still above $90. Pressing play on these charts is also fun, but in a bit of a sickening way. Terra (LUNA) Cosmos (ATOM) Solana Polkadot Looking at the above chart for this analysis, you can see that the TOTAL cryptocurrency market cap is now back inside of a broadening wedge pattern, which momentarily broke out to the upside this year. This is after already breaking a couple of long term uptrends. Falling back inside the wedge and failing to close this week above leaves room for TOTAL to continue its free-fall towards 2018 valuations. This means that Bitcoin can return to $20k or lower within the next week or two, while ETH can venture back to near $1000. There is not much technical support at this point for the market, should the current level fail to hold. This is what a free-fall truly looks like. If this occurs, it would be continued disaster for the crypto space, as exchanges would likely not have enough stablecoin liquidity to support supply from sellers. Although it may seem impossible, the situation would actually escalate. I can't even imagine the level of nonsense that would occur in this instance, but people's funds would not be particularly safe, and it might even be impossible to sell. If exchanges do collapse, then it would be revealed that Tether was simply the largest counterfeiting scheme in human history, and quite successful. People forget that even once these schemes are revealed, the leaders of the schemes have already won and pocketed billions of dollars in real cash. Is there any hope? Sure, TOTAL could bounce back over that trendline before the end of the week. That would be a decent bottom signal. But then, in looking at charts for many "promising" projects over the years you'll see that most have failed to maintain significant value. People are holding out for another cycle, thinking that this is just "Crypto winter," and that the hype will occur again. I believe that crypto reached a critical mass - essentially the minimum required value for it to have a permanent negative impact on the broader sentiment towards the market. That value was over $2 Trillion. If this market were completely erased from existence, almost nothing would change about the world, except we'd need to find something more meaningful to believe in. All that energy that has been spent in crypto communities (much if it actually positive energy) can easily go elsewhere. This is not meant as financial advice. This represents my opinion, and so is meant for speculation and entertainment only. Over the summer, I plan to finally transition to YouTube for video content. So that’s something to look forward to! -Victor Cobra
CRYPTOCAP:TOTALShort
by VictorCobra
48
The Market Requires A 100%+ Move - Will Buyers Save Bitcoin? Here on the left, I've shown the BLX chart (Bitcoin index with the longest price history, plus its log curve) and the broken long term uptrend on the Litecoin chart on the right. Why Litecoin? Well, the 2017 bull market was characterized by astronomical gains for Bitcoin alternatives. At that time, it was about which functioned as the best currency. Litecoin and others were seen as faster, cheaper alternatives to Bitcoin. Litecoin supporters mark a bit of a cross-over between those who believe proof-of-work offers the most secure, stable network and those who prioritize cheaper transactions. Although Litecoin and other currency competitors did well in 2017, they underperformed in 2021, outclassed by coins associated with DeFi, memes, NFT's, the metaverse, and staking. This past bull run was characterized by which had the best "value" proposition and/or the best memes. Needless to say, much of this has already gone up in smoke. The issue is, the "currency" coins have not held value either, retreating all the way back to levels from the 2018-2019 bear market, while Bitcoin itself barely maintains its price above the 2017 all-time-high, between $19800 and $20100. Most people did not think this was possible a few months ago. Many were still convinced that Bitcoin would hold above $28800 and maintain a bullish trend. Litecoin has broken its long term uptrend, and arguably needs to go up a whopping 4x in value quickly in order to regain the trend. Yet, a currency does not necessarily need to appreciate in value over time. We're now in the utility phase - cryptocurrencies need to prove they have some sort of necessary use-case outside of value appreciation. Speaking of long term value - we're now at a moment where if the bottom is NOT in , there's very little historical Bitcoin trend support until nearly $9k, where I've drawn my log curve. And I've drawn it generously - I've noticed that before this crash many were drawing their curve so it cut out the COVID crash, seeing it as an anomaly. But if that was an anomaly, what is today's price action? For many participants in the crypto market, the bottom MUST be in, or at least we must be very close to it. Bitcoin likely could not experience anything greater than another 50% decline from the most recent low ($17600) before total implosion, at least according to the log curve. Some would argue that the market has already imploded, but it seems merely that the over-leveraged players are getting consumed by those with deeper pockets. Just because the smaller, riskier lenders have fallen, does not mean the market is immune to continued systemic risk. The bigger fish need to attract more buyers ASAP, and the bounce needs to be huge - I'm talking a 100% increase at minimum. So then, the question becomes: What is the probability that Bitcoin will double from current prices and get back above the $40k level in coming weeks? I believe the market needs to see something like this, in order to prove it has any legitimacy as an "asset class." Otherwise, I think this was the final bubble for Bitcoin and crypto. I mean that seriously. Either of these scenarios would work, to inject confidence back in the market, though of course the blue is more severe. As I've said in my recent posts, any kind of bounce would be perfectly reasonable from these levels - buyers, you're welcome to that $20k Bitcoin at any point....a lot of people are waiting for you *evil smirk, impersonating big exchanges*. My point is that the bounce needs some SERIOUS oooomph behind it. Rising slowly to $33-34k over the course of several weeks just wouldn't do the trick, and it would provide the opportunity for longer term moving averages to solidify themselves as resistance, and could even allow the 200 week MA to flatline and roll over to the downside. TL/DR: Bitcoin needs to show buyers have strength to take it back to $40k+ quickly, even if it's just an initial impulse, to inject some confidence and liquidity back in the market. Now, for the warning signs, and what limits the probability of a 100%+ up move. BROKEN TRENDS I'll begin by posting a chart of a seemingly random altcoin - TRX. I think this one is significant because of Justin Sun's relationship to Binance, his own algorithmic stablecoin (USDD), and its apparent refusal to break down from its distribution range. Of the coins I've followed, its the only one that has not dropped substantially, although it finally broke its own uptrend. This shows there is still significant downside risk in pockets of the market. Something I've been watching for roughly a year now is the ratio of Bitcoin against the S&P 500 index (SPX). It has now experienced an extended decline, interrupting a decade of outperformance. Based on the above chart, Bitcoin needs to triple soon (at minimum) to regain the trendline and show strength against traditional assets. My theory (as it stands) was that Bitcoin only outperformed because the market expected it to become mainstream one day, and be touted by billionaires and celebrities. Now that it has achieved fame, there is not much to speculate on anymore. Bitcoin also needs to move up substantially against Gold, in order to continue capturing the "store of value" market share. Currently, it's below the 2017 all-time high, and resting on the highs from mid-2019. Gold is dropping substantially at the moment, so this provides an opportunity for Bitcoin to show some relative strength. But does it have enough fuel to get back above 18-20x and the long term trendline? If Bitcoin's value proposition TRULY lay in its scarcity, then why did the market find the need to create thousands of other coins? Humans are greedy and expansionist in nature. Sure, having a limited supply of something and conserving it can teach humans to save and to prepare for the future. But in the end, as I've said numerous times, cryptocurrencies are not a resource. Bitcoin *could* be a commodity, but again, the market does not see it as such, which can be viewed in the simple Bitcoin Dominance metric, and implied by its decline during a period of high inflation. I find that the Bitcoin Maximalist ethos is really about preparing for disaster. But to me, the most important things one can do to prepare for disaster are: CONNECT WITH YOUR LOCAL COMMUNITIES IN PERSON, develop a valuable skill or trade, and manage your risk. Interpersonal trust is extremely important. This is how movements and change occur, not by building a hypothetical simulation of trust through algorithms on the Internet. In addition, BACK TO LITECOIN - this thing has now dropped all the way back to its accumulation range from the previous bear market, showing that the last halving did nothing to increase the long term price floor for the asset. Will the same happen to Bitcoin? Litecoin appears to be in danger of heading back to somewhere below $10, should it not QUADRUPLE in the coming weeks. What does this all mean to the buyer? This means it's time to position oneself relative to risk tolerance. If you feel there is even a slight probability crypto will be saved by the big buyers, then now seems a decent time to allocate whatever percentage of your liquid capital to this crazy market and just hope for the best. For me at the moment, that's a little under 5%. For some, 5% might be a lot, for others, not so much. The way I see it - if I'm going to increase my exposure back to something like 10%, that's risking 10% for the potential to double my entire capital, since many altcoin projects could rebound 10x from here. That's my absurd logic, and is clearly only gambling. So, in my trading, I'm still considering putting a little bit back into the market near current levels. Yet, something holds me back - I think it's that my belief in the space has waned over the last couple years and I don't see much meaning in buying anything for the long term at this point. I'd rather focus my resources elsewhere. Nevertheless, I continue to post on here, cataloguing my ever-evolving thoughts on the market, and the fascinating history of humankind. This article represents the opinion of the author, and is not meant as financial advice. It is meant for speculation and entertainment only. Please consult with a professional financial advisor before making significant financial decisions. -Victor Cobra
BNC:BLXShort
by VictorCobra
16
Stacks bullish outlook in focus?👀!! 🚀STX Today Analysis💎A breakout of a descending channel to the upside, and is currently trading above the Point of Control POC of the Volume Profile Visible Range. 💎This POC is acting as a support level, indicating high volume and signaling bullish momentum. 💎There's a possibility that STX might pull back to retest the trendline of the channel before moving upwards - both scenarios are on the table. 💎Additionally, STX is currently in a high demand area, further confirming the bullish outlook. 💎In the dynamic world of crypto, staying informed and adaptable is key. Stay tuned for more updates and enjoy your trading journey!
Long
by MyCryptoParadise_Simon
1