I've started to think that bitcoin will find support at 12k. Bitcoin is currently at 22k. This means i think bitcoin drops roughly 50%. Matic is at 1$. If matic drops that same 50% then matic drops to 50 cent area.
So basically, it's a believable support based on where i think bitcoin bottoms. I'm not going to sit here and tell you that matic will repeat the pump it did... but if it does? Then matic will go from 52/53 cents up to over 50$. As in, matic may have a 100x coming.
I do believe that this coming crypto drop is very possibly the last drop and if matic holds 52/53 cents? Then I am very tentatively saying that the bullrun may be on.
Quoting: Mr Cheese Still in the longs from the beginning of the month, just have been letting it go for as long as looks likely.
The Stablecoin cash has decidedly broken the trend I had been following, but I'm still planning to use this as a general indicator of a change in sentiment (either up or down):
https://imgur.com/a/rPcdVrH
The BTC:USD daily chart still remains in the price resistance zone, so I wouldn't be surprised to see it test for new supports at some point.
Until we have a nice strong break out of the zone, I'm not going to change my opinion that this isn't some sort of exit pump:
https://imgur.com/a/r1dyexH
Not sure if I had shared this earlier, but I have been following a fractal in the BTC price:
https://imgur.com/a/DbYDPSL
It broke down when the FTX meltdown happened and the price really deviated, but it has been interesting to see it recover and maintain the timing.
Thanks for pointing out the Matic chart, I'll certainly keep it in mind. I agree that finding new Alts that haven't pumped yet for the next bull run is a good strategy.
