Hey everyone...
What an interesting few days it's been. We got Maker going to 3k today, Zrx over 1.80, and Uni over 20. Yes, these are Defi Plays and they are very lucrative in this bull market in my opinion. I'll write another post about defi another time.
Right now we have bitcoin challenging that orange Line still as pointed out in this post
https://www.publish0x.com/the-infinite-banker/bitcoin-ta-update-xkydngy
Below is a mix of support and resistance lines. Some are horizontal, but the main ones I use are the descending resistance lines as they seem be more important.
We will see if BTC follows thru... With Eth in price discovery, it would make sense for BTC to continue its epic bull run that in my is just beginning.... YES, beginning. There are many reasons why I think this.
We will keep an eye on the BTC situation unfolding but it looks very positive.
Now we will look at a pick that I like that has not moved yet... That means it's still a great opportunity.
XTZ (tezos) is one of my plays that nobody is talking about. It is its own blockchain that could give ETH a run for its money down the line. It features an amendable blockchain. This means the DEVs that use the blockchain can amend their projects if needed, instead of doing a hard fork. like ETH and ETC...ETC blows....
There is a voting system that only token holders can engage in giving them a vote to amend the tezos blockchain or a project withind the blockchain made by a DEV.
As we see it broke nicely out of the descending white trendline and has been testing along the orange line which it hasn't touch lately... This could mean an explosive move ahead because it needs to catch up with the rest of the crypto field.
Personally, I like having a variety of plays in crypto land... And if you do this year...specifically near the end of the year and early 2022 will be the time to trim the herd and get into the main coins and some stable coins just to hold value to ride out any downside volatility that will be lurking it's head around this time similar to 2018.
The recommendation is Buy XTZ up to $3.75usd
To Decentralized Freedom!!!
