1/ We are 2 days away from the #Holoride listing on the #Maiar DEX. Here's what I expect. #EGLD and #MEX pump hard before and after the listing, once prices peak we see a sell off from short term traders. Then we set a proper valuation for Holoride and MEX over 2-3 weeks.
2/ For many #EGLD, #MEX, and #RIDE will become long term investments, but you can always benefit in the short term by considering various scenarios. Simply brainstorming the risks and volatility that come from new listings is crucial to being mentally prepared.
Dec 9, 2021 • 7 tweets • 3 min read
1/ #Bitcoin has fallen to an important support area between 45.7K and 47.8K. If we drop below 45.7K, VPVR (right side of chart) shows prior volume tapers off signifantly which could mean a quick drop to the major support area of 40-43K. Let's look at what may have led to this.. 2/ We've been looking at $BTC exchange reserves a lot recently and can see within the last 24 hours, reserves on exchanges went up by approximately 41114 BTC ($1.97 Billion at current prices). The drop happening immediately after is very likely related.