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Narrative

Narratives in cryptoNarratives its not a trend. The first investors who track and find the narrative and start buying tokens in this sector will make a good money, if theyll out in a right time. In the previous bull market, it was not difficult to see the DeFi narrative. Users wanted to see decentralization in everything: exchanges, stablecoins, wallets, landing pages, etc. Later, the narrative was born on exchanges with leverages such as DYDX, GMX, GNS and many others. Who paid attention to this narrative - made good money buying tokens or received a generous airdrops. On this Market you need always follow trends in order to better understand what is happening now around in this space. sometimes people can believe that Bitcoin halving will lead to price increases every four years - these and other narratives are used by many investors to predict price movements, but these are not some rules or laws in crypto! And often as we can see now old patterns and narratives stop working) The market is dynamic, you cannot perceive the market according to the old patterns of 2020, the world is changing. Defi in 2020, nft, layer1, The narratives are around Doge Coin and Elon Mask, shiba inu, Metaverse and Fb. Mana and sandbox grew in a few days, it is always important not the event itself and the sentiment around it, and it is important to enter and exit on time. Narrative AI, some tokens played back and showed new highs, and some were just speculation in this sector. Here's an important thing to note: ALWAYS have a fixation plan. Most narratives will eventually fail and the price of their tokens will bottom out. The best way to sense an emerging narrative is to practice critical thinking. Whenever you read any important news, even if it is not related to cryptocurrencies - think about whether it could potentially be related to cryptocurrencies. If so, with which coins or projects? Conventionally, a year ago no one was talking about RWA, now everyone has become like an expert in this sector. The same will happen with the DePin sector, I think SocialFI will be one of the key ones in the future, because we all use social networks. Why do narratives and catalysts matter in project evaluation? Just because a project is good doesn't mean it's the right time to invest. Fundamental analysis can help you determine which projects have the foundation for success, but narratives determine WHEN their prices will rise. Keeping track of narratives in a crypto can be a challenge because they can change very quickly. People are getting too obsessed with fundamental analysis. Asset prices only go up when other people buy them. Narratives + catalysts can drive people to buy. The project may be fundamentally good, but you may see downward or sideways price movement until there is a catalyst and narrative to drive growth. A great example of elastos, where fundamentally the project looks so cool, but has been in a downtrend for 5 years. And only now is some growth starting on the layer2 narrative for Bitcoin Find narratives and catalysts early by exploring social media platforms like Twitter and even niche media. Look at the key events coming up and then ask yourself, "What are the potential implications of these key events for the crypto market?". For example, at the moment, as I already said, it will be the RWA sector globally, that is, the tokenization of everything in the world. This is not a short-term narrative, but a long-term one. Short-term that will be tied to a sports event, Euro 2024 is a narrative of fan tokens, CHZ token and nft related around this topic, or even meme tokens. How to evaluate a narrative? - Can it be useful in the real world to suppress demand? - Can it affect a large number of people, or will it be a local group of people? - What is the current macro sentiment in the market, and the mood in social networks. After all, if the narrative takes place in a bear market, it will be very difficult to make a big profit from it. Then once you've identified potential narratives, you can look at the categories, and directly the tokens within those categories and their roadmaps. Take into account when forming your investment decisions - Analyze sentiment on Twitter, Reddit. This is where the main mood of the crowd is formed, follow the trends on Twitter, but remember that narratives can play both in a positive and negative way. - The main world media very often form a specially wrong opinion about the market, because essentially all the key media are controlled by big players, and since the coverage of users in them is large, they can set the vector for discussions. If all the mainstream media say that the RWA sector is just a bubble, a lot of people will actually believe it now) Narratives can emerge from portfolio analysis of public funds. But remember, funds can accumulate certain coins from a certain sector and anonymously a lot, but add some tokens to the portfolio on which they do not make a big bet, and you can go to all in. - Always analyze your media field with critical thinking. Analyze the information from the point of view of who and why start talk about this exactly now!? - Work with proper risks and invest according to your strategy - Do not invest in all sectors, choose a few of the most promising for you, and several tokens in each sector - Always filter who you read on social networks. millionaire influencers very often made capital not with trading) Hope you enjoyed the content I created, You can support with your likes and comments this idea so more people can watch! ✅Disclaimer: Please be aware of the risks involved in trading. This idea was made for educational purposes only not for financial Investment Purposes. --- • Look at my ideas about interesting altcoins in the related section down below ↓ • For more ideas please hit "Like" and "Follow"!
Education
by Crypto4light
NEWS FLASH BREAKOUT FROM THE TOILET NEWS FLASH: Mr. HAPI. (AKA “NO FEAR” ) Armed with an excellent narrative and solid fundamentals, has had enough of this trash talk from all these TAs and is making his dramatic move outta the toilet and upward to his rightful place among the Gods of crypto projects. He’s a scrappy little fu*ker and won’t take no for an answer, especially from that old, useless, good-for-nothing spud BTC. He knows that every project needs his technology badly or else they face the fate of becoming a cheap whore of Do Kwon or even worse that pimp Sam Bankman-Fried and his stone-ugly girlfriend. “Toilet life is not for me. Do I look like those two old tarts, ADA and DOT who promise everything and produce nothing ? Not me Baby, I will move so far up, that I will make that broken Solana look like he rides the short bus to school. Tradingview will be begging me for an interview on their hands and knees and the SEC can kiss my skinny white ass. Just wait until I launch my AI upgrade, I will calculate faster than CZ counting his tax-free $1000 bills being churned out at Binance in his head office that doesn’t really exist.” My opinion here is that if HAPI can do half the things it claims it can do AND decides to invest a few dollars into marketing, the unwashed masses should soon get an idea of the value of the project and the price will move accordingly. because the crypto universe has no shortage of bad actors, scammers and hackers. You could probably think of HAPI as anti-virus software for the crypto universe. Do you like that Internet/Crypto analogy? OK, that’s it, I have a turkey to cook. The Sublime Prince Toronto, Canada
Long
by WMWToronto
1
Significance of Fibonacci in making BTCUSDT Charts!Hi Everyone! Another Update on our BTCUSDT Chart. Looks like we are now proceeding as per our last projections wherein we suggested that BTCUSDT might be looking for $42000 levels. AS those levels are now achieved and we have a somewhat stabilized BTCUSDT movement. It is now time for us to take a look at BTCUSDT Chart one more time. Negative Narrative: We have noticed that BTCUSDT is currently facing some rejections from Fibo 0.5 Range. This can now either turn into a good support for us, or can be considered as a good resistance level. One thing is clear though, if we fail to go up from here, we will be expecting BTCUSDT to touch $41300 - $42000 levels again, which will in turn prove beneficial to us in the long run as most Retailers will be out of the picture and only HODLERS shall remain in the game, thus indicating a healthy upward price action taking support from 38.2 fibo range. This movement will also strengthen the overall price action of Entire crypto Markets, as we will be satisfying VPVR POC in all technical aspects. Positive Narrative: For now let's not be too pessimistic about BTC and think of a scenario where it goes up from here. From what we can see in our Chart, We have successfully tested 38.2% fibo range once (without taking support at 61.8% or 50% fibo ranges as marked in our chart). This is actually a good news for the market since we can only go up from here to test 50% and 61.8% fibo ranges even if its just a relief rally. We are currently testing 50% fibo range and with this we do expect a negative movement in btc but we covered that in the above paragraph. So considering the steep fall in BTC few days ago, we should now be looking forward to 61.8% fibo range, with a retest of 50% range after it hits 61.8% range. But offcoarse BTC movements can't be that simple and we should expect the unexpected. We also noticed a trendline coming from APR to Sep Month range, and thus, we might need to retest this as well, in which case, we will again be looking forward to our STAR 38.2% fibo range, which will be our top most priority to take major positions. DISCLAIMER: We share these articles for people to discuss our charts with us. We, in no way suggest that any trades shall be taken on our charts alone. Please do your own TA and FA before taking any minor/major positions in the market.
Long
by ChainAssetsCapital
The Bitcoin Narrative - How To Prepare For The Next MoveIn this technical analysis I will go over the previous price action of BTC/USD and explain how to prepare for its next move. There are many very interesting things happening on BTC/USD at the moment. Especially since its reduced correlation with the legacy stock markets it becomes more interesting to look at BTC as a standalone asset again. I have been taking some time off to work on educational content, while the market was not very interesting to trade. Right now I am seeing that the market is about to become more volatile again, and I am preparing for my next trades. Join me on this journey by following me on Tradingview and let's learn together by commenting and discussing our setups. Here on BTC we see on the left side of the chart some fascinating behavior. Even though the RSI (an indicator for momentum) has already breached the 70 zone for being overbought and even the 80 zone for being extremely overbought, the price just kept rising and rising. After a period of major bullish behavior the price stayed in a consolidation phase, looking for its next move. When after three weeks the move finally started, we saw a major momentum shift caused by the bulls. The next move upwards in BTC has been far more passively. We see a very cautious optimism, which usually really scares me. What I see here on the chart are very reluctant traders, seeing a reduction in ATR (an indicator for volatility), and seeing a way too clean parallel ascending channel. This to me only indicates one thing: danger. Everybody is a spectator right now, and when the price is making a new big move, all the spectators will come into action. That's why I am preparing for my next short position. I am looking at the top of the channel here around the $12,000 level. This is also a level of psychological resistance. I think it could be a great place to place some shorts, trying to leverage the big downwards move again. Follow me for consistent high quality updates, with clear explanations and charts. Please like this post to support me. - Trading Guru -------------------------------------------------------------- Disclaimer! This post does not provide financial advice. It is for educational purposes only!
BITSTAMP:BTCUSDShort
by Trading-Guru
28