I've never been more bullish on Kusama (KSM). For those of you not familiar with the Polkadot ecosystem, Kusama is Polkadot's wild cousin or its canary network. Basically, Kusama has nearly the same codebase as Polkadot, but the main purpose of KSM is to be the proving ground for projects before they can deploy on Polkadot, kind of like a test network. For full...
Is that a bull div and breakout to the upside of a bullflag? Maybe. Maybe just hopium.
But hey, don't let this bounce bears. I want a bigger discount.
Fear and Greed Index have hit its lowest since the COVID March 2020 Crash though: alternative.me
Currently at 20 (Extreme Fear).
Here's some hopium fellow BTC bulls...
We have already touched 100-D MA, which has been a historically strong support since the last 2 bull runs.
We have also created a bullish divergence (as outlined by the green lines).
Some major alts have already dumped by more than 50% overall this week, which already feels like maximum pain.
A bounce is due. At least, I...
Back in May 2017, Ethereum first hit 20% Dominance and Bitcoin's Dominance fell to around 40%. After that, Ethereum had an explosive 1500%+ move towards the end of the bull market.
Back then Ethereum's main and perhaps only use case was that it's home to Initial Coin Offerings (ICOs). The ICO fever even caused ETH dominance to get to as high as 32%+ and BTC to as...
"Arise, chikun, chikun arise."
Litecoin's price has been suppressed since the last bullrun (both in terms of sats and in USD). Based on the charts, I think it's about darn time that it pumps the hell up.
As you can see, LTC broke above the 2-year downward resistance (yellow line) and stayed above it despite the recent market correction. There had also been a...
RALLY just created a double bottom and then rose to over 30%+ while forming a hidden bullish divergence. The only concerning thing is the Volume.
On the fundamentals side:
"Rally is an open network that enables creators to launch vibrant and independent economies with their communities powered by the ethereum blockchain."
- Coinbase is heavily involved in...
Just a brief idea.
Waves is now posting bullish divergence & convergence. 50-D MA also held as support.
This looks like we're due for a bounce for now, but then again we're still at the mercy of king BTC.
Same as UNI and most other altcoins, it just broke down from an ascending broadening wedge, retested and then got rejected.
We should be heading south for now and I expect a loss of about 13%. I am long term bullish in this coin though especially since I'd like to get the Swipe Card soon, so I'll be laddering my buy orders on the way down. Cheers!