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$PYR Still chopping around its range lows. Need to see some strength here and trade back above $2.6. I think an ETH comeback could help this and the overall GameFi sector find some strength. Let's see.
#Bitcoin Yet again made a major pivot within the first week of the month. I think there's a good chance that this 4th of November monthly low, won't get re-visited. Meaning that we're right back in line with the pattern from the previous few months. Down first -> Up after.
This will likely be the least cared about rate decision and FOMC meeting in the past three years for the crypto space. Expecting some volatility regardless. Doubt it will make any meaningful change though, besides taking out some overleveraged positions most likely.
$ETH Trying to get out of this doom range it has traded in since the August crash. Very key level here for continuation. Currently trading above the Daily 200EMA (Blue) but yet to properly break the range high & get above the Daily 200MA (Purple). Monitoring closely.
Also got to add that we have FOMC today which is another uncertainty sidelined capital might be waiting for. After this week, if a solid trend is established, I think it will go on for a while.
There is a lot of capital that either derisked, or waited to allocate until after the election. I think this will make it so that the market moves up with shallow dips along the way, as there's a lot of money willing to bid every chance they get. That and BTC price discovery.
The #Bitcoin ETFs have seen a cumulative net flow of +$5.6B in October. Crazy numbers, in line with the initial drive up right after the launch. It will be interesting to see how this continues into the end of the year.
Indeed. We had absolute vaporware projects trading at $100B+ Fully diluted valuations in 2021. Not saying that was good/sustainable or anything, but people have forgotten to dream over the past few years. Things can get really crazy in a short time span. Research, accumulate…
$DOGE Saw almost a +50% move from our green zone. This was indeed one of the main coins to benefit from the Trump presidency and the chart is looking strong. Imo, white dotted line is still a target to look out for over the coming weeks. Might need some sideways action first.
$CPOOL You guys know the drill by now. Clearpool just keeps trending higher and this trend doesn't show signs of stopping just yet. We've been on this from the very start and it has not disappointed at all. Eyes on the white dotted line as the next target to look out for.
$COOK That one worked out very well. Even overshot my initial 2 targets for a +73% move in a few days. Still think this is one to keep watching. I personally also got some exposure through the PUFF NFTs which will yield $COOK over time.
$METIS Still grinding along higher and testing the Daily 200MA/EMA again. This has had a nice impulse on the back of the ETH bounce. Once this breaks $50, the party can really get started. Just need some patience until then.
$APT Had a strong recovery from the Daily 200MA/EMA test. Key level to break is this $10.3 range high to fill the inefficiency to that $12.6 level.
$OM Consolidating near all time highs. One of the RWA leaders. Watching for this pennant/triangle to break out to put the next leg higher in.
#Bitcoin The ramp up in Open Interest has still been reasonable. Currently the open interest increase is pretty much in line with the price increase itself. I was expecting participants to get much crazier in terms of leverage but it seems like that might have happened on alts…
As a game enjoyooor I always love to see things like these come out. Looks quite fun to me. Hope the gameplay is nice as well. It's applications like these that can bring a chain like @movementlabsxyz truly to life. Good to see a lot being built on top of it already with its…
#Bitcoin Just keeps grinding higher and was finally able to break the all time high today. It has taken 8 months of consolidation until price was able to retake this level. This would be the highest daily close in $BTC's history obviously.
Pretty interesting how much the prediction markets were clowned. People saying they were clearly wrong because "It's primarily right-wing that bets on those". Prediction markets even understated Trump in the end. But they were much more accurate than the polls.
I wasn't lying by saying DeFi would be the main sector to benefit from a Trump win. It makes a lot of sense as we'll get a much better regulatory environment and likely to see Gensler leave as soon as Trump takes office. This will leave more room for innovation & growth.
It's time to slide to the left side of the bell curve and just submit to whatever this market will bring us in the next year or so. Don't overcomplicate, don't take stupid risks. Take some risks, but manage them well. Enjoy the ride.