We’re All Gonna Make It (WAGMI)
Tue, Apr 15WAGMI is a term that stands for “We’re all gonna make it.” It serves as a motivational phrase, commonly found on social media platforms like Twitter, aimed at fostering optimism and confidence in the cryptocurrency markets, particularly when positive news emerges.
The concept suggests that individuals from any background have the potential to achieve significant financial success through cryptocurrency trading.
Additionally, WAGMI is frequently used in a sarcastic manner to convey the opposite of hope and confidence. In this context, it often serves as a critique of crypto market promoters and social media influencers who make exaggerated and unrealistic predictions about future asset values.
Recommendation
Weak Shorts
This term refers to the cohort of investors who maintain a short position and are quick to liquidate their holdings at the first indication of strength in the underlying asset.
Web 3.0
Web 3.0 represents the next stage in the evolution of the Internet. To grasp the concept of Web 3.0, we must reflect on Web 1.0 and also consider the current state of the Internet, known as Web 2.0.
Wedge
A wedge is a chart pattern characterized by converging trend lines on a price chart. This pattern consists of two trend lines that move in the same direction, creating a narrowing channel until one of the trend lines is broken. The resulting shape resembles a gradually narrowing wedge. The upper trendline serves as resistance, while the lower trendline acts as support.
Weekly (1W)
The Weekly or 1W signifies data from the last 7 days represented as a single data point.
Weighted Moving Average (WMA)
A Weighted Moving Average (WMA) is a form of moving average that assigns greater significance to recent data while giving less importance to older data. It serves as a technical indicator that reflects how the price has changed, on average, over a specified timeframe.
West Texas Intermediate (WTI)
WTI is a specific grade of crude oil and one of the three primary oil benchmarks utilized in trading oil contracts, futures, and derivatives. Known as West Texas Intermediate, it is also referred to as Texas Light Sweet.