Daily Analysis 2.21.24 with The Crypto Underground

Daily Analysis 2.21.24 with The Crypto Underground

By TheDarkSage | The Crypto Underground | 22 Feb 2024


Despite the consolidation not materializing where anticipated, it did occur, resulting in an upward movement, albeit not in the predicted location. A fresh channel has emerged between the 23.6 and 38.2 retracement levels, a zone we're poised to inhabit for at least a few days before a potential descent toward the 50K trigger point. Anticipating support around or just above the 50K mark, considering its prior role as resistance on the 12th and 13th. There's a prospect of a breakthrough below 50K, potentially initiating a more substantial retracement, though labeling it a "CRASH" is unwarranted – a true crash would revisit or approach 35K, an improbable occurrence this year.

 

In the event of an unforeseen crash, filling your ALT BAGS with both existing and promising new ALTs becomes crucial. Brace yourself for the inevitable HALVING and ensuing BULL RUN. The cryptoverse demands readiness for unexpected turns; skepticism towards premature crash predictions is advised. Always maintain a portion of liquid assets, ready to swiftly invest when the next promising project emerges – it’s a matter of when will it happen, not if it will happen!

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TheDarkSage
TheDarkSage

I'm a seasoned investor who builds wealth through diversified passive income streams across multiple asset classes. My investment approach centers on real estate, equities, and cryptocurrency, with each component designed to generate steady returns.


The Crypto Underground
The Crypto Underground

Welcome to "The Crypto Underground" ⛏️ – your go-to source for exploring the world of cryptocurrencies, dividend stocks, real estate, and passive income year-round. DISCLAIMER: All of The Crypto Underground Posts are based on my opinions alone and are for informational purposes ONLY. YOU should not take any of this information as guidance or advice for buying or selling any cryptocurrency. I am not a financial advisor, and any information I share on this channel should not be considered financial advice.

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