Read on Twitter
twlog journal (It's for me to keep track, but happy to seek community opinion):
1/ Very cautious about SP500 as we maybe heading for a correction. And when SP500 corrects, crypto corrects hard. However this is unconfirmed.
1/ Very cautious about SP500 as we maybe heading for a correction. And when SP500 corrects, crypto corrects hard. However this is unconfirmed.
2/ Yesterday was definitely a altcoin massacre, from $bnb to $trx ...everything actually. And you can see the downward trend continuing.
3/ luna/btc: Not easy to chart a support, resistance yes. But this is quite a clear Eliottwave Wave IV correction
4/ luna/usdt: cautiously concerned about the MACD dipping downwards. However, you know $luna, it can suddenly spike up. You never know. But with SP500 correction clouding everything, definitely need to be cautious on the downside.
5/ mir/luna: seems like support is breaking to the downside as well. I have freed up liquidity for the stake to purchase further dips in luna.
6/ mir/usdt: this tells a better story. MIR obviously broke support channel.
7/ anc/usdt: its getting weak but mir is definitely weaker. I suspect because of the high correlation with stocks.
8/ Conclusion: Watch SP500. It is correlated to crypto. I have decided to free up liquidity to buy luna dips, and get mir at lower prices. It may go up, in which case I still won't regret because I want more luna lol. BE YOUR BEST CONSUMER OF $LUNA PRODUCTS AS ALWAYS!
