At One Hour Investing, we follow on average 5-6 youtubers on a daily basis to know what's new in the crypto/Defi space. Here's a summary of videos of what they're saying from Nov 16 regarding crypto.
Disclaimer: this is not financial advice. We only aggregate their thoughts to get a feel of the general market sentiment. Invest at your own risk and consult a financial adviser for professional advice.
- Defi has grown user numbers up 55% in just 6 weeks
- BTC
- BTC's price only surpassed by 12 days in its history
- Current BTC Hype is not as much as 2017 (old news)
- Hype is likely back when BTC is in ATH territory
- ETH
- Hope to see it set higher highs and higher lows
- ETH need to bounce above Nov 5th low to make higher lows
- 2019 to now = BTC has been on a macro uptrend 1-2-3 (4-5 coming soon)
- Currently on wave 3, expecting 21255 (1.618 golden ratio Fib) & 23063 (1.786 Fib). Estimated between January and May
- Crowd FOMO in in 2021 Q1&2 before a wave 4 correction and wave 5 recovery
- Monero to keep an eye on because of fundamentals and pumped this year when other transactional coins like XRP didn't
- News have been bullish
- Whales creating major volatility to squeeze out leverage traders on both bull & bear side (not recommended to leverage)
- Currently HODLing ETH & BTC - Too much bugs & hacks in farms
- Getting ready for alts after BTC makes the next move
- institutions are opening up to crypto in 2020
- 1 Billion worth of ETH will be released from Uniswap farms
- UNI could go up
- $14800 likely retracement. if support broken, expecting a 30% drop in BTC worst case based on historical 30% pullbacks during BTC bull seasons.
- Coins are looking bearish from a technical perspective
- Taking profits and setting up dollar cost average positions
- BTC dominance is increasing
- BTC looking bearish (overbought)
- Possible 30% drop $11500 as worst point
- 30% drop based on 2016 run up retracements
- Citibank makes bullish comments on BTC
- Uniswap staking pools ending (upcoming dump for ETH& stablecoins?)
- BTC is close to 17k
- Down= 13800 is possible support
- BTC dominance is still high but could break down (more capital to alts)
- If monthly candle (Nov 30) closes above 14000 BTC, highest monthly candle close.
- Haven't closed below 6 day moving average for last 7 weeks
- Dip is coming (6-8 weekly green candles is followed by a 25-40% drop
- On chain data: New money is coming in as BTC value is going up.
- Lots of BTC is leaving exchanges (sold)
- Long term = "200k BTC"
Notable News: