CryptoMamba

Learning Crypto Trader and Investor | Business Owner | 2017

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[CryptoMamba @CryptoPao]

I think we are seeing this play out now. Soon is the moment for the great rebound. A new rally after the great financial reset. How much the damage (how low do we go) will be is the million dollar question. But I think this will be one of the best buying opportunities since the covid flash crash.

[CryptoMamba @CryptoPao]

I am in fact very bullish on the future.

My thesis has been that we are likely to see a contraction of liquidity as the global money supply boom that has been piggybacking off government spending and aid dries up. In addition to the shift in global alliances, new trade agreements etc.

This might mean short term turmoil is very likely however inefficiencies being trimmed can only be interpreted as long term bullish imo.

The question then becomes how would this affect financial markets and crypto? Well I believe we are seeing it now. The bleed is coming in hot and heavy. While this may mean it is likely we see a bear market, I hold a more optimistic view that confidence will return more quickly than many expect.

Many are sidelined or positioned for a downturn waiting for the right signals. We are getting close to the point where a strong white swan event is likely push the market to reverse. We can see this psychology playing out in the charts with all the major indexes $spx $nasdaq $dow clearly overextended and needing a breather or even a stronger contraction.

Lower is likely and maybe even accelerate down but will we see a total loss in confidence when the dust is settled? I will be betting that it will in fact be the opposite and that smart money will see it as one of the biggest buying opportunities.

$BTC $ETH

[CryptoMamba @CryptoPao]

Bulls defending

[CryptoMamba @CryptoPao]

$XRP looking like $HBAR before drop shorted this pattern last time. I guess we do the same here

[CryptoMamba @CryptoPao]

Yikes. Thats why we wanted to see a short pull only. Lows need testing first it seems,

[CryptoMamba @CryptoPao]

Nice flush push it!

[CryptoMamba @CryptoPao]

Looks like another LH. Timing wise we are in a position where bulls can defend the weekly and close over the weekend. But rn looks bleak Im long $XRP with not much confidence.

[CryptoMamba @CryptoPao]

Good thing I got spooked out and closed $LINK long as a quick scalp

[CryptoMamba @CryptoPao]

Not much evidence of strength. Needs to push higher soon or we go back down to retest mid. Seems we may not be ready any breakout for relief atm. Will see. maybe another sweep first.

[CryptoMamba @CryptoPao]

Last line of defense here. I think break and we retest the lows and best bullish case would be a double bottom or deviation below. Looks.. weak but can potentially be trappy. $BTC

[CryptoMamba @CryptoPao]

Long again here

[CryptoMamba @CryptoPao]

Damn looks bearish still. $ETH is just horrendous. Lower highs since October. No relief bounce and crushed by resistance. Still thinking theres a good chance this may be the bulls chance to see some upside but its ugly.

[CryptoMamba @CryptoPao]

Hmmm $LINK

[CryptoMamba @CryptoPao]

Not much evidence of strength. Needs to push higher soon or we go back down to retest mid. Seems we may not be ready any breakout for relief atm. Will see. maybe another sweep first.

[CryptoMamba @CryptoPao]

Is it really that simple?

[CryptoMamba @CryptoPao]

I think potentially a second bear trap here and squeeze another leg higher. Will see. May just be the obvious and we go back down to the lows. PA not too good. May have topped out there for another LH.

[CryptoMamba @CryptoPao]

PA looks like we might just roll over.

[CryptoMamba @CryptoPao]

Wanna see a bounce from here for quick continuation. More likely chop. Lets see if theres any strength

[CryptoMamba @CryptoPao]

I think contunuation or double top first longed some $LINK

[CryptoMamba @CryptoPao]

$HYPE doesnt look too good. Mstill holding short

[CryptoMamba @CryptoPao]

If we still super bearish still then this might be it. Scam pump then continue down. Strong candle though. I think theres some more juice. Will see.