Bitcoin has a lot of momentum but some divergences are apparent.
It has had a long run already and is ready for a correction.
Unless the correction happens soon, it will continue to possibly 100k for a more substantial correction, that will last for months or even years.
Personally I think BTC will get a nice correction, possibly up to 50 or 60%, but more...
Chart says it all. Or maybe not.
I believe ETh will reach fib 0,618 sooner or later.
Right now it looks very decent, but depending on this weeks close we may se a downturn or a moonshot.
I'm counting on a moonshot.
As long as it stays above 0,022 it's still gaining momentum against big brother BTC.
Meaning I believe ETH will outperform BTC.
The sad thing...
My last idea on FLM matured well enough, you'll see on 4h on this chart that the cup and handle was confirmed, and resistance turned support.
Next resistance is around 0,00001, then around 0,000013.
When 0,000013 is broken and confirmed there is a lot of upside on FLM.
Flamingo is so far the only place where you can stake SWTH apart from dem.exchange....
This is my personal opinion about Injective protocol in the short/mid-term.
Injective has a great and active community and a great concept being built, but there are too few tokens released for this price-action to last.
There are better, similar projects that has far better potential for growth at these prices.
Although I believe INJ will definitely 5x from...
PERP is one of the contenders in the DeFi margin-trading-sphere.
PERP is backed by Three Arrows Capital, one of the biggest holders in Grayscale; the largest crypto-fund in the world.
It has for now 20x leverage, which is more than enough for most people.
SWTH is another contender, which will have up to 150x leverage; this is also an exchange backed by Three...
FLM has seen a minor rise in price these last two weeks as BTC consolidated. Will it continue?
Who knows. We will see it in the charts. I'm staking to get FLM, which is probably the best bet for anyone.
However I have my main bag in $SWTH, which will become a major player when it comes to trading in the coming years, I do believe Flamingo also has its place in DeFi.
As we saw FLM broke down on the support-trendline that became a resistance-trendline instead.
Now it broke up, possibly establishing this as a support-trendline again.
If this support trendline holds it's a good probability FLM will break recent resistance-levels in the ascending triangle.
If recent resistance then holds as support it's likely FLM will rise...
A quick look at FLM. Ready to move upward after breaking out of resistance.
Only thing is the release of 5 mill tokens /week - still mcap seems too low to me.
Like with a lot of other coins really.
Also: if you're into the NEO-system, actually if you're into crypto at all:
Get aquainted with Switcheo and it's soon to come dem.exchange:
Fast chart based on price-action alone, on daily-timeframe.
FLM has since it's conception gone one way and one way only. Downwards.
People were fabling about prices at around 1 bill, others thought 50 mill would be the very minimum (me included).
Now it's valued at around 25 mill.
Trading-volume is about 6,5mill.
it's liquid, and it's a good project....
Had a look at a clean BTC-chart and got my paranoid juices flowing.
If we break that massive trend line there is plenty of room for the downside.
Why would this possibly happen you say?
Well, let's just say that not everybody in the markets wants BTC to be a mainstream world-currency.
And let's hope that the narrative that Satoshi Nakamoto was a lone...
Just trying to see whats going to happen here, I'm no oracle and can't see into the future, but using some creativity and a few grains of salt I'm seeing a possible "inverted Cup and Handle".
MA50 on hourly has had several fake breakouts so far.
If next move down goes past the previous two, it's trouble for Bitcoin short term.
I see a fast decline into the...
I don't follow Bitcoin Cash, but can't help but notice that it looks like it may bounce from here.
BCH IS of the original Bitcoin-chain and the chart does indicate it's meeting some resistance here.
Looks like BCH may reverse against BTC around here.
BTC touched the regression channel-bottom nicely.
I am open to several scenarios, where one is the institutional way of looking at things, using reload-zones.
I drew in three major reload-zones, and combined where they overlap, called reload zone in the chart.
If the support at 10,5k is broken we may see a fast decline into a possible touch around the...