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Apr 19 β€’ 13 tweets β€’ 10 min read
1/ Let's do $EGLD analysis & news! πŸ“° Big things are brewing!πŸ”₯β˜• @ElrondNetwork
No surprised price has been unable to push lower after that huge wick shot price from $177 to $240! πŸ‹οΈ Candles like that are so significant and are indicative of underlying support and demand. 😎🧡
2/ Just before that candle, price developed a steady uptrend of higher highs and higher lows. The final statement of that ascending triangle was explosive. The following price action brought price all the way back down to retest support. The floor is rising. #EGLD
3/ Looking at longer timeframes here, 2-week candles, it really seems that price is following a similar pattern that we played through in Feb-Sept 2021, but this time the bears had the ability to push harder than ever.
4/ The energy and excitement surrounding @MaiarExchange launch happened ~just~ as #btc was making it's final pushes above $65k. You never see bear trends coming! πŸ˜” It's so easy to get caught up in excitement, but once that sentiment leaves, it becomes FUD-city. πŸͺ¦
πŸ”Ž
5/ All of this compression in $egld price is coming just on the cusp of some announcements we've been awaiting for awhile. It can take just one piece of good news to knock away any final #egld sellers.
Most importantly #bitcoin is looking bullish. πŸ”₯
6/ This downtrend has been pretty brutal, but I think the case for @ElrondNetwork is stronger than ever. With $esdt's popping on Maiar DEX and new #esdt's popping up on @binance, slowly then suddenly more and more people will start to notice $egld. It is 🀯 we are here so early.
7/ In other news $egld related, @holoride pumping out some awesome news with an in-person experience in L.A. πŸ”₯ #RIDE is a BLUE πŸ‘CHIP πŸ‘ - partnering with some huge global names! @Porsche @Audi 🌎
8/ In other news $egld related, @ZoidPay launches staking on @MaiarExchange - days following $zpay reaches new all-time highs in price, leading the #ESDT revolution! πŸ”₯
9/ In other new $egld related, @ElrondNetwork announces $40M+ USD raised in less than 2 weeks to Invest In The Elrond Ecosystem 🀯
10/ In other news $egld related, NFT project @ElrondApes receives support from @Morningstar_vc πŸ”₯
11/ I'll end the headlines with this final bit ~just~ in case you missed the Romanian central bank approving @ElrondNetwork acquisition of @twispay πŸ”₯ *puts @ElrondNetwork in a strategic position... paving the way for crypto debit cards & stablecoins.*
12/ I could easily fill the rest of this thread with news articles, but don't lose track of the point!! β†’ @ElrondNetwork is popping up everywhere, positioning itself to onboard! 🌎 Please #RETWEET πŸ™this thread to spread the news about #eGLD! LOTS to be excited about. πŸ’£πŸ”₯βŒ›πŸ§

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More from @the_economystic

/// Stephen ⦻ Profile picture
Apr 19
1/ Let's #RIDE πŸ˜ŽπŸš—β˜€οΈ with some @holoride analysis! πŸš—
$RIDE showing bullish momentum for 10 consecutive days and price being ~shockingly~ stable vs. $egld(!) amidst private-sale q1 sell off and FUD from token launch on the DEX. 😲 "Adding Thrill to Every Ride" πŸ”₯ Image
2/ It is noteworthy that the last 10 trading days in a row have been able to close with the MACD growing in strength (blue arrow). MACD quickly closes back together, a bullish signal, price moves on and 10 consecutive days of bullish momentum show off. Image
3/ Especially considering the FUD with the $ride token launch on Maiar DEX, sellers seem to still be losing strength. The RIDE/EGLD chart has been SURPRISINGLY stable since launch. It feels almost TOO good, so I am skeptical/hesitant to talk bullish, but it's very impressive.
Read 7 tweets
/// Stephen ⦻ Profile picture
Apr 19
1/ We are SO so 🀏 close to confirming an end to this bear market that began one year ago in April 2021. ✊ #Bitcoin
We are ONLY in the "First Sell-Off" region below! I've underlaid the #btc chart underneath... Media attention phase hasn't even started!! Do U understand ?!? 🀯
2/ The last run to $69k WAS bullish, but it was *only* a wave of bullish sentiment spurred on in the midst of a corrective sequence: A, B, and C.
The "first sell off" stage (from above) has so far established between ~$30k-$70k. What a range! 😲 #volatility
3/ Here we are now looking in at the current #btc price action - need I say more? Across the board volume is lower than ever, but can't you feel the energy in the air? Can't you feel the weight, the importance of blockchain being felt all over??
Read 13 tweets
/// Stephen ⦻ Profile picture
Apr 18
1/ What's happening!? #btc has been weak over the past week (really testing resilience here!) -- yet #EGLD has been unwilling to test ANY lower levels yet! πŸ˜²πŸ‘ Do yourself a favor and learn to rely on $egld vs. $btc. $USD charts are distorted with underlying $btc moves. 🧠πŸ’ͺ
2/ I am really hoping that these patterns are in fact repeating - a resolution of which which lead us on a path to test all-time highs! πŸ™Œ
3/ It's quite interesting to me how the structure of these bullish impulses that each - at their own time - led price to all-time highs. Do you see the resemblance? These candles are 2-weeks btw. The downtrend has been intense, but it's nothing new here for $egld.
Read 6 tweets
/// Stephen ⦻ Profile picture
Apr 18
1/ Would you like to see more analysis over #ESDT's like $ZPAY? Looks to me like @ZoidPay is in full-on price discovery mode vs. $egld! This is not a battle between zpay & egld; if the underlying asset $egld is performing well, any gains on this chart become "mulitpliers" in $usd
2/ This "early stage" region was basically washing amongst traders. People knew less about $zpay back then. Circled in blue where Support first failed, the mode switched to finding a new floor. "Where will demand meet supply?"
3/ It didn't take long for a new floor to be found. From there, price began riding the middle Bollinger Band and even had several spikes upwards that pushed the extent of the top BB. This is indicative that demand is present!
Read 11 tweets
/// Stephen ⦻ Profile picture
Apr 17
People R confused "Why trade $lkmex for $egld at such a bad rate!?" πŸ˜–β‰οΈ

This is behavioral economics! 🧠

Cash is king. πŸ‘‘ #egld

Don't believe me? πŸ‘‡πŸ€£ The mystery box = $lkmex and it's quite an uncanny example as to why $lkmex is being paper-handed.

youtube.com/shorts/fGlvB1g…
At this point it will take extreme demand for $lkmex to kill this uptrend in the EGLD/LKMEX chart via @LkmexExchange. People are trading $lkmex <> $egld like crazy and $egld is barely bullish. The exchange rate will only get worse, depending on which side of the trade you're on. Image
If you're not a trader, don't bother reading more because you're in for a shock...

Real-Life example:
28 days ago I traded ~11M $lkmex for 11 $egld... Image
Read 14 tweets
/// Stephen ⦻ Profile picture
Apr 11
1/ #EGLD - LET'S KICK ASS πŸ’ͺ⚑🀼 @ElrondNetwork | $EGLD
Alright y'all, with #btc showing weakness πŸ’ it's time to tighten up and prepare for battle! 🧠 That potential reversal (ascending triangle) broke down so now the expectation is back to the trenches to retest support...
2/ I was able to buy/hodl since 2017 because I set expectations for the worst. That's my advice for you! When we have high expectations it's so easy for our emotions to kick in and give us overconfidence. Want to be successful? Confront and correct those expectations.
3/ A similar phrase is "under-promise and over-deliver". Don't over-promise gains or success in this market - crypto has a reputation of volatility wrecking portfolios, remember? Overconfidence leads to biting more than one can chew which leads to getting in over your head.
Read 14 tweets

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