1/ $EGLD // @ElrondNetwork - Looking for a bottom. โก #EGLD - What a crypto winter! I hear too often "I wish I bought lower" or "I wish I sold higher". ๐ Take notes โ plan โ execute. Move onwards! Expand time horizon and preserve position. Strategy = positioned for success. ๐ง
2/ @ElrondNetwork claims to be positioned to "onboard next billion users", the key word is POSITION. In YOUR investing, the aim is preservation and therefore solidifying your POSITION not just literally but mentally!๐ก๐ง Your objective should be decreasing # of trades. ๐ช
3/ Think of this nearly as a war strategy -- the market is the offender and seeks to take U down & bleed your position, capital, liquidity. Offensive positions are risky moves! Find a defensive stance! Get comfortable & seek sustainability. Build defense & reject emotional moves.
4/ Two points of importance: 1) We're amid big test for #btc as hedge vs inflation + safe haven of economic growth in recession environment. 2) Altcoins have come along to challenge #btc as big dawg.
๐ Bear markets ๐ง cloud vision. REMIND urself Y blockchain is above the noise.
5/ Study hard ๐๐ to discover, clarify and decide YOUR objective opinion on where most valuable spot to store your wealth. ๐ก BEAR MARKETS ARE TEMPORARY; INFLATION IS NOT. โ In 2017 @the_economystic decided that surviving bear market more sustainable vs. holding cash. โ ๐
6/ As always, we can begin building a case for trend reversal once we can establish a SERIES of higher highs and higher lows. The tightness or looseness of these coils will reveal the underlying sentiment. Larger extensions are positive buy normally yield more volatility.
7/ Whether this bear market or next one, you'll learn to cherish bear markets. Growth ๐ cycles are big fun watching portfolio swell, but the TRUE value of your position is etched at the bottom of the bear trend. THAT is your indicator of position. Will ur position withstand?
8/ $EGLD / $USD - Bear markets aren't too fun if you're watching your portfolio lose value... so don't do that! ๐๐ Learn to love capitulation. Weak hands give up, long-term buyers step in & become FUEL. Get excited in times like these. We'll see how much fuel's been added. ๐
9/ The more ups and downs we go thru, the more opportunity there is for capitulation, buying dips, establishing uptrends, retesting lows. ๐ At the end of it all, a new range of foundation is developed. $EGLD changes hands, each ebb & flow firms the layers.
10/ $EGLD / $BTC - This is exactly the formation we like to see. Support breaks โ consolidation in downtrend โ CAPITULATION โ recovery โ consolidation up & out at previous point of consolidation/break down โ further growth post-consolidation.
11/ Expectations should be that of RETEST. The higher price goes from here the more risky it becomes for those feeling FOMO. Hoping we first go down to retest that prior level of consolidation. A retest โ back to bull rally continuation would give confidence to add to position.
12/ For those waiting to buy lower, this green box should be a key level to raise your expectations to in the event of further downside. The bottom of this channel may likely become a region for double-bottom (between $35-$40).
13/ For $USD -- Buy orders flooded in sub-$40, so the expectation is a retest of $35-$45, but for those that bought sub $40 will likely be adding more in the region below. Demand for $EGLD only increases, and lower price has been the more supply has been sucked up by buyers.
14/ Emerging from a bear market is no simple task and the process is sure to catch you and everyone off-guard. The bear market makes it easy to keep assuming downtrend, and "disbelief" will come to mess with ur head during reversal. Be on long-term side w/ exposure.
15/ Stick to the strat!! ๐Keep that POSITION comfortable. ๐ง โณ Slow down, and just act rationally. Feeling #fomo? buy ยฝ or even ยผ emotions tell you to buy! Worst case is U buy higher *on a pull-back*. Best case is U buy lower. Buying 100% tops =๐ ๐. LET'S GET THIS. ๐ชโก๐๏ธ #EGLD
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1/ What else is there to say? #EGLD is bullish through the bear. I'm not worried and U shouldn't be either. Markets MUST ๐คฎ to get rid of the sickness. Sickness = fake value. Bear markets are ๐ฏ b/c the strong with shine. โจ @ElrondNetwork is the place to be. ๐๐๐
2/ Elrond Network #EGLD is net +13% so far today against big dawg #btc - so while your USD value may not be performing ~ideally~, it's the show of strength against #bitcoin that is significant. Think about what this says ๐ค "more people willing to hold/buy #egld isntead of btc."
3/ #EGLD is NOT capitulating, and in fact it is showing real strength at a price the was demanded heavily last Summer 2021.
1/ With that massive $eGLD analysis out of the way, now I feel better about updating y'all on @ZoidPay! ๐๐
The entire crypto market continues to bleed, and overnight $ZPAY had a minor "capitulation" event that brought price to touch the middle BB. R U buying the dip? I am.๐ฏ
2/ It should go without saying that trying to time the market is a high-risk endeavor. Completely aside from charts, I am basing my DCA into $ZPAY based off of the conversation I had with @eduardoneci and the promising future I believe $ZPAY has:
3/ Over the past several hours, sellers have been getting rid of their $ZPAY, but volume levels show us that this action is not being taken by a majority via low volumes on this sell-off. AMM's calculate price output based on supply, demand, and avail. liquidity.
1/ @ElrondNetwork#EGLD โ B.T.F.D. โ
๐จ The most profitable trades of your life will be the most difficult ones to execute! The longer + lower price goes perpetuates a neg. feedback loop as disappointed investors create an echo chamber. Success means to rise above it!! ๐ง โก๐ช
2/ As new investors step in to buy supply, older ones incentivized to sell for profit add supply to the market as price rises. Continual cycles of contraction and expansion over time reveal the underlying sentiment towards the asset itself. Supply and demand; ebb and flow... โ๏ธ
3/ ๐กReady to take notes?๐
Constructive foundation *MUST* built by:
1. Market realizes resistance: too much supply / not enough demand at certain price level โ Price falls.
1/ I have been seeing people in fear posting photos of previous bear markets and capitulations. #BTC
We are in a sideways channel, arguable a bullish pennant. Price may trade sideways for months. Can U really time the bottom? Don't get tossed about.
2/ Recently saw this post from @ssanchitt asking what stage we're in? The market always gets final say, but the strong will survive over time. #btc being a fixed-supply asset will only grow with demand.
3/ Previous bear markets revealed a behavioral pattern of downwards channeling, but after breaking back through $20,000, a new wave of investors rushed to the market. Are U one of those people?
1/ Let's #RIDE ๐๐โ๏ธ with some @holoride analysis! ๐
$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. ๐ฒ "Adding Thrill to Every Ride" ๐ฅ
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.
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.
1/ Let's do $EGLD analysis & news! ๐ฐ Big things are brewing!๐ฅโ @ElrondNetwork
No surprised price has been unable to push lower after that huge wick shot price from $177 to $240! ๐๏ธ Candles like that are so significant and are indicative of underlying support and demand. ๐๐งต
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.