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I think people largely underestimate the amount of supply that’s entering the market daily . Not to say the amount of airdrop farming of every new hyped project . It’s a zero sum game . It works until it doesn’t .
Liquidity conditions aren’t the same and market can’t be handing out free money all the time plus farmers dump their tokens which is literally a huge stress test for the market at all times .
Study supply emission , study demand , study liquidity .
everytime we hit H4 30 on the rsi. we had a good impulse to the upside. . only this time i see we have hit h4 30 rsi and there seems to be soem form of congestion , meaning price may have the tendecy to reset a bit lower
Currently we might have a throwback to 3200 / max extension to 3600 on ETH and alts will have a dead cat. Also there is high possibility that in the meanwhile BTC makes a new ATH . But after that ( post halving ) , I foresee the final bloodbath on alts with BTC crashing below 60 after making the new ATH . Price action will be complicated .
Last few days , you saw a trailer of things to come . In May June , the signs will be there , slow selling , re-accumulation on alts , a lot of underperforming alts will make new lows , there will prolonged periods of negative funding on everything
https://x.com/godfomeo/status/1779263188233572366?s=46 I tweeted 15 minutes before GCR tho . If you ain’t following , can always follow !!
chadwhale.eth (@godfomeo) on X
Added some SOL here 124$ . Added some $JUP here 0.8$ added some $POLYX here 0.33$ added some $ACH here 0.02$. Will add more on dips going deep into Q2 . But for now , I am repositioned on these . Scared don’t make money . Remember this . #cryptocurrecy
BREAKING:
🇺🇸🇮🇱🇮🇷 Iran will attack Israel in the next 48 hours - according to U.S. intellegence
The U.S. has reportedly notified Israel, based on concrete intelligence, that they should expect an unprecedented and direct Iranian attack in the next 24-48 hours – Wall Street Journal
This is the exact point where we should bounce . Lose the current level of support and we are in for some pain for next 3 months or so . But I really want the market to base out around the current levels .