I swear to god Bluntz will go from "3 year bear market is starting" to
"Yep this is exactly what i was waiting for the abc classic correction for a wave 8 up to $300k on $BTC.
Don't tell me you got shaken out bro. You didn't count the elliot waves? C'mon man this shit is text book"
$SIGMA, $POPCAT, $MOG all primed for a bounce...
More or less the whole mkt tbh.
More importantly, BTC is in positive momentum territory - above symbolic moving averages
Few things to note
1) BTC dominance sell signal & BTC sell signal โ this feels unusual
2) OI is high, albeit tradfi exposure is low particularly for micro contracts
3) Macro tailwinds are likely positive hereon so the degree of correction could be muted and maintain structure