I can't tell you if it will be a definitive bottom, but even in bearish market the dip is not a straight line. We will soon see a bounce that could guarantee some 2x and more.
This is always the best simple rules but hard to put in place.
16.500/16.000 i think it's a buy opportunity, volume is very low, low volume sales indicate that sell pressure is losing strength. We will see daily divergence in major crypto asset
For sure 21.500$ will be first resistance for long time then we could see 35-40k
I think we could see a greater reaction here than Btc , like to 1450$ at the begin, but then see it losing ground again, in the following months, especially in lateralization phases.
$sclp is a $maha incubated project sit at 9mln mcap, with first regulated blockchain, with first valuecoin anti inflation sistem pegged with a mix of Fiat and asset like btc and gold. docs.mahadao.com/products/arth-…
$sclp is a ready ecosystem, they already have a partnership with @NorwichCityFC , but their real goal is to bring an accessible banking ecosystem to the southern hemisphere of the world, where it is plagued by inflation of native currencies.
#DeFi decline:
why it failed and why it has nothing to do with blockchain technology.
Blockchain technology was born in contrast to the traditional financial system as it is censorship resistant, trustless, permissionless.
#Ethereum brings smart contract evolution and to build decentralized dapps, with the birth of ico in a market that regulates itself.
Nft evolution also, as a certificate of ownership with many uses case.
With #DeFi , We have seen the rise of the leveraged loan market and has proven to be bad in crypto space and we are paying the consequences , being only extreme speculation and it has nothing to do neither with #bitcoin nor with ethereum.
Yes, I was surprised by the break of that 28k structure. I believe that LFG dump and Celsius facts have accelerated the sell pressure and perhaps we would never have seen sub 28k. #Btc adotption and hashrate continues to increase in any case, different to 2018 and Summer 2021.
FA has not changed, the only difference is now you have BTC more cheap now. I can't tell you if bottom is here, as I said at the beginning of the year we are experiencing a phase of great events so FA dominates on TA and things going to change day by day.
the only thing I could do was to alert you to the earthquake that was about to come due the Fed announcement on december and and consequences of rising inflation, ie rates hikes and imminent QT.
1/8 Much talk about the economic tightening and the beginning of the QT by FED.
If we want to see things from an exclusively mathematical point of view, let's see what we should expect
2/8 Starting from June 8, FED will begin to reduce its holding from 9 trillion current at a pace of 47.5bln for the first three months and increase to 95bln for the next two years.
3/8 This will lead to a reduction of nearly 2 trillions of its balance towards the end of 2024, to around the beginning of the pandemic level, when heavy QE began to support the economy. #BTC was around 10-11k