$ETH Cross the weekly low ☄️
I hope $BTC follows suit 🔜
Let's light the fire in the market 🔥
And buy the dip from weak hands 🙌
Bine ai venit pe fluxul social al ICONOMI! Aici, poți să apreciezi, să comentezi și să distribui postările Strategistului și să discuți despre cele mai bune criptomonede de cumperi acum, despre predicțiile prețurilor cripto și despre semnalele de trading cripto.
$ETH Cross the weekly low ☄️
I hope $BTC follows suit 🔜
Let's light the fire in the market 🔥
And buy the dip from weak hands 🙌
This is your weekly update!
Markets are waiting for Powell to speak on Wednesday. If he cuts interest, BTC and ALTS could make new ATH's.
It could perhaps kickoff a real ALT season. If he stays flat or increases interest, BTC and ALTS could correct a bit deeper.
Also I checked the funding rates at Velo Data (Great website). Markets are not overfunded anymore after last weeks corrections, meaning funding rates are restored and that could mean that traders are now ready to push the crypto market to higher levels.
How does the 1D chart look like today?
Ichimoku;
Cloud is green
Price is above the green cloud
Price is above the faster term blue line
Price is above the slower term red line.
All of the above is very bullish.
RSI;
RSI is coming down a bit. It can easily go deeper to the 30% zone.
What could be the Target?
As said, I think we go higher, but first we could take out the 59K line to raid the lows and get liquidity, after that we go up!
What does this mean for GRAZZP™ Strategy?
Strategy has changed (see my previous posts).
The main trend is bullish. Because this correction could go very fast, without changing the main trend, I won't take any USDT position to buy cheaper.
Lets see $BTC do a bit more correction and see the money flowing into ALTS guys!
Thanks all! And enjoy the week!
Exciting times in the crypto world! $SOL has outperformed $BNB to become the 4th largest cryptocurrency by market cap. The recent performance has been nothing short of stellar, with Solana not just holding its ground but soaring despite broader market corrections.
Here’s where we stand: Our early investment in SOL at $80 has positioned us well. We currently hold 5% of our portfolio in SOL.
Soon we will see new highs 🚀
What we are seeing is a classic correction. Of course we all would like to see up only mode, but this is the reality. $SOL had a crazy run the last few days and it sucked out liquidity out of other projects. Especially $ETH struggling right now. Yes, fees are cheap on $SOL chain, but no serious project has been built there ... I believe $ETH has much room to grow, especially with L2 project like abritrum and especially zksync that'll launch their token soon.
We are at the level from 2-3 weeks ago.
Buying more $INJ and $ROSE here. with $BTC. Will buy more if we get a bigger discount.
Have a nice evening 😊
Bitcoin $BTC did not close the weekly candle above the previous ATH) but there is a twist...... Bitcoin is now ranging between 64895 top 1 and 69000 top 2.
While a pullback might seem imminent to some, it's a common occurrence in the volatile dance of the crypto market. It's crucial to note that after a series of green weekly candles, a retest of support levels shouldn't come as a shock. In fact, it's a healthy part of a bull run, serving to confirm the market's bullish strength.
We find ourselves in a bullish trend, and in such times, fear should not dictate our actions. Instead of selling off at the first sign of a dip, the strategic move is to buy the pullbacks. This approach is not about reacting in fear but about seizing opportunities to enhance your positions and maximize returns throughout the full bull cycle. Every pullback in a bull market is an opportunity to reaffirm your investment strategy, reinforcing the idea that what may seem like setbacks are actually stepping stones for the next surge.
I highly recommend Dollar-cost averaging Crypto Assets Alpha during pullbacks) it allows investors to smooth out their purchase price over time, turning market dips into advantageous buying opportunities.
Slowly acumulating with our $USDT position. Looks like weak hands are selling and whales are buying.
Buy the dip from the weak hands.
Whales want to accumulate again.
Let's light the fire🔥
I know how you feel when you see that I want buyers to be hunted every time I buy.
I don't invest in $BTC
ALT's are the most profitable.
Looks like markets are not ready to rise for now. More patience needed.
So I make the posts connected to each other.
The last weekly bar
[Retrograde negative line]
New HH & New HL, but the closing of the bar is within the previous range.
We have weakness in the short-term trend.
The market should not close below $59,008.00 for Sakata's trend to remain positive
Update: to previous post
https://www.iconomi.com/user/MomenJaradat?postId=f9215450-9d69-4377-b250-068c77083c46
This is consistent with reading the tape.
https://www.iconomi.com/user/MomenJaradat?postId=0efac80f-1c32-4332-85f3-c9a6f5f4717f
The trend is up until proven otherwise.
Whale location
If the market declines, you must participate with them by re-accumulating
https://www.iconomi.com/user/MomenJaradat?postId=fcddd3bb-607f-43ee-a378-64010249d490
https://www.iconomi.com/user/MomenJaradat?postId=514a108f-b746-44ca-ac3b-76d5a9322f82