CrediBULL Crypto

“We now have an argument for a completed 5 wave move up off of our .29 lows on ethereum:0xd533a949740bb3306d119cc777fa900ba034cd52. If this is correct, then we likely have a bit of a correction incoming. As previously mentioned, the .33 level (BLUE line) is the most historically significant level on the entire chart and has not yet been backtested on lower timeframes after our monthly reclaim of it, so this is the most logical level to keep an eye on for a reaction in the event that we have begun correcting the move up off of .29.”

“Wasn't able to catch this one myself but clean little PO3 that played out here on LTF over the last 24 hours or so. Still eyeing up the range lows at .28-.29 for now. ethereum:0xd533a949740bb3306d119cc777fa900ba034cd52 https://t.co/r8DHsF9RMH”

“Highs swept ✅ PA still looks corrective so expecting further chop for now. ethereum:native https://t.co/GsLufdd5UU https://t.co/bWPQfYM5hM”

“Low timeframe wave count has been pretty tricky on bitcoin:native since the start of our expansion because of the extended 5th subwave to the upside, but I think it *might* be time for a pullback/local top if the initial move is finally complete. I covered the ideal "buy the dip" levels in my new Youtube vid (pinned tweet) so watch that if you want to know where I'd be looking to get exposure for potential longs on bitcoin:native if we do indeed have a local top forming here.”

“@buzzearthling @AndrewBianco1 When BTC dominance is below 35% thats likely the beginning of the end.”

“Based on the time and depth of the current pullback I have to assume that we are already in our Wave 2, correcting what I now assume to be a completed 5 wave impulse off the .20 lows. We are still technically holding the flipped supply zone which is our first area of interest on the downside. Remember, corrective moves like this can take a variety of shapes/forms, so if we DO start moving back up to the highs we should try and identify whether that move occurs impulsively (next impulse has begun) or correctively (move up is just part of the corrective Wave 2 and a potential fake out). For those looking to hop on the train, any dips into the consolidation zone that preceded our impulsive move (zone in BLUE) would be the ideal entry, with a clear invalidation level at the .20 lows. ethereum:0xd533a949740bb3306d119cc777fa900ba034cd52”

“@Narddog99431301 Yes that would seem logical. Every other asset that has breached its prior ATH from years ago has rejected that initial retest and corrected (XRP, ETH, BTC).”

“@Narddog99431301 Yes that would seem logical. Every other asset that has breached its prior ATH from years ago has rejected that initial retest and corrected (XRP, ETH, BTC).”

“Got an initial reaction off the LTF range lows from the prior post but wasn't enough to reach the local highs and so we came lower to seek our more liq. In the same way we have a series of unswept lows on $BTC and $ETH (resting liq below) we now have a series of unswept highs on $CRV (resting liq above) on lower timeframes as we approach HTF support/demand in GREEN. With $CRV still holding up at range lows against its $BTC, $ETH and $XRP pairings (as shared in prior posts) this is the exactly the time where we would want to see $CRV show strength against the weakness of majors like $BTC and $ETH, which could explain why CRV looks more primed for upside/relief (with liq resting above) while BTC and ETH look more primed for a further correction (liq resting below). Will be interesting to see if $CRV can show relative strength against our majors here...”

“Got an initial reaction off the LTF range lows from the prior post but wasn't enough to reach the local highs and so we came lower to seek our more liq. In the same way we have a series of unswept lows on $BTC and $ETH (resting liq below) we now have a series of unswept highs on $CRV (resting liq above) on lower timeframes as we approach HTF support/demand in GREEN. With $CRV still holding up at range lows against its $BTC, $ETH and $XRP pairings (as shared in prior posts) this is the exactly the time where we would want to see $CRV show strength against the weakness of majors like $BTC and $ETH, which could explain why CRV looks more primed for upside/relief (with liq resting above) while BTC and ETH look more primed for a further correction (liq resting below). Will be interesting to see if $CRV can show relative strength against our majors here...”

“Bitcoin has begun to clean up some of those untapped lows below...still a few more to go. Meanwhile $ETH is holding up a bit better for now and has yet to really begin to take the built up lows of it's own. I think we probs get more chop as we slowly take these over the coming days/weeks.”

“Bitcoin has begun to clean up some of those untapped lows below...still a few more to go. Meanwhile $ETH is holding up a bit better for now and has yet to really begin to take the built up lows of it's own. I think we probs get more chop as we slowly take these over the coming days/weeks.”

“Bumped his subscription fee from $20/month to $200/month overnight with over 800 subs on auto-renew. That will bring in a little under $2M/year in X subscription fees alone. Sure he can’t sell the $ANSEM tokens he holds himself (at least not publicly) but thanks to everyone pouring their money into it he has millions dollars (in tokens that everyone else paid to bid up in value) to “give away” while monetizing all the hype and attention that those airdrops are driving to him, to the tune of millions of dollars a year. The catch 22 is that the source of all the attention and influence- the 50 something percent of token supply that he still controls- is finite, and with every airdrop and giveaway used to amplify attention to the token he 1. further depletes that % of supply that he controls and 2. increases the float/sell pressure in the short term. The argument for higher prices on the token is directly correlated to the amount of supply he controls- which is ever dwindling- and because it’s already valued in the tens of millions, it is also not easily replenished (unless number go up). Even if he is able to launch a business/drive value to the token to the tune of millions of dollars per year, that won’t be able to offset the decrease in value of his supply due to a falling token price, and as the token falls, he’ll need to relinquish more of the supply via airdrops/giveaways to continue to keep people talking about it. In other words, when the price of the token is rising- all is well in $ANSEM world and “everyone” wins. But if price starts falling…well then the one thing that can make it reverse course (more attention) requires Ansem to relinquish more of the one thing holding it all together- his control of the token supply. In the end, just like most memes, a few will win and many will lose. Except in this case- regardless of the fate of the $ANSEM token- one individual will walk away with millions, thanks to all the attention and hype that was driven to him along the way under the premise of “reviving the trenches”.”

“@Shaks2t I can see the argument for that. I think part of my bias also stems from the idea that I can see a solid argument for a LTF pullback on both BTC and ETH as well and if we get that it increases the odds that we take the low of that proposed LTF impulse as well.”