Hello, assuming the red line marks a longer term resistance, i came up with this entry.
Also im not quite sure if we are up to test it again, in case btc goes to red line once more i think it would be worth to short it there to 20k range.
Recent Crypto Volume is awkward and i dont believe in a continuation.
Sl would be close above red line.
Even big whale´s like FTX´s Sam Bankman Fried openly admiting that yield farming is a stupid ponzi, so is 99.9% of crypto coins/tokens.
So the whale´s dont even mind to pretend like this is the future anymore propably because they are done dumping on you guys.
All coins (btc inclusive) overpromise and underdeliver. Blockchain isnt scaleable and bcz of that its overvalued. Just look at recent Eth tx fee´s of over 200 USD and tell me again its the future of money.
Just imagine the tx fee´s if eth is going mainstream lol.
Its just a matter of time until cypto collapses with all its useless Ponzi´s/underdelivering projects.
BTC seem´s to have topped for this cycle. if 10k range SHOULD hold we could see another ath but i wouldnt assume that it cant break, so i would be careful even to long 10k.
BTC propably isnt even worth 10k from a fundamental view.
Also im not quite sure if we are up to test it again, in case btc goes to red line once more i think it would be worth to short it there to 20k range.
Recent Crypto Volume is awkward and i dont believe in a continuation.
Sl would be close above red line.
Even big whale´s like FTX´s Sam Bankman Fried openly admiting that yield farming is a stupid ponzi, so is 99.9% of crypto coins/tokens.
So the whale´s dont even mind to pretend like this is the future anymore propably because they are done dumping on you guys.
All coins (btc inclusive) overpromise and underdeliver. Blockchain isnt scaleable and bcz of that its overvalued. Just look at recent Eth tx fee´s of over 200 USD and tell me again its the future of money.
Just imagine the tx fee´s if eth is going mainstream lol.
Its just a matter of time until cypto collapses with all its useless Ponzi´s/underdelivering projects.
BTC propably isnt even worth 10k from a fundamental view.