Even with today’s rally, things are getting spicier than a Jerry Lewis roast. Two momentum divergences and a long liquidation map that looks like a demolition derby 🏎️ suggest the next move might be… unpredictable. Will ASTER keep dancing or trip over its own feet? 🕺
From Tuesday to Friday, Dogecoin tumbled four days in succession, a masochistic dance of decline, closing the week with a 10.49% wound to its pride (and portfolio). The market, reeling from October’s $19 billion liquidation carnage-a flash crash that vaporized $1 trillion like a peasant’s dream-remained a theater of existential dread. Open interest in crypto futures, once a bloated titan, now limped forward like a drunkard, while the Fear and Greed Index, at a frigid 18, whispered of “extreme fear.” A fitting anthem for our times, one might say.
Reports from the high-energy meeting in Minsk on November 14 paint a picture of Lukashenko all but declaring war on the dollar, not with weapons, but with computers and electricity. It seems that surplus energy is now Belarus’s golden ticket, and crypto-mining is the game they’re playing. Maybe next they’ll mine a few bitcoins and call it “national treasure.” 🏆
The burning question in the sophisticated salons of Pimlico is whether this little dance of digits can prance from $1,000 to $1,010 and who knows, perhaps beyond. The charts hint at such possibility, but, like a tricky matrimonial arrangement, it all hinges on a single level finally relenting in the face of undeniable pressure. 💀📈
Ethereum (ETH) and Bitcoin (BTC)? They’ve been on a three-week losing streak, hitting their lowest levels in months. It’s like they forgot how to moon! 🌕→🌑
In the shadow of impending doom, Arthur Hayes-once the architect of digital gold-now stands as a harlequin of despair, unloading his ETH, ENA, and ETHFI with the ferocity of a man fleeing a burning cathedral of financial dreams.
Maybe they’re hiding. Short-term holders are nibbling at the bait, and derivatives are as steady as a rock in a still pond. But is it enough to make waves? 🪨
Yes, strong Taker Buy dominance and heavy long positioning among top traders indicate rising conviction in a trend shift. Translation: “They’re buying like it’s Black Friday at the crypto mall.” 🛍️
It seems Mr. Hayes is quite the fan of Zcash lately! In yet another one of his optimistic (read: bullish) declarations, he has revealed that Zcash now holds the second-largest position in his fund, right behind Bitcoin. And, of course, he doesn’t shy away from the claim that ZEC could outshine XRP in the race for market cap supremacy.
ZEC needs to burst past $750 to chase after the shiny $875 prize, or it might decide to settle for a cozy support nap near $495 if traders get tired of the chase.
