Market looks for liquidity to reverse from whether it’s a high/low, imbalance whatever the case is. Markets go to where the MOST liquidity is resting which isn’t at 1k ETH. Billions have been liquidated in longs. You said it yourself liquidity is used as fuel to move in the opposite direction 😭 chat gpt got more to teach you. Anyways only time will tell
You guys really think we will leave all of that behind? Anyone who has 5 minutes of experience in a market knows we will come back with aggression for each and every single one of those marked highs.
There has been a ton of liquidity building on this slow corrective move down. That gives the market every reason to push higher. Sentiment is bearish and everyone is trying to short the bottom.
For the first time in months, I am buying ETH at these levels. The risk to reward is insane. If we get a weekly close under $2630, I will exit my bags at a small 7% loss. If not, I am holding till ATH's for almost a 2x. I will dollar cost average all the way down to $2600.
Same way most of you we're delusional bulls at the top and now you're turning into delusional bears at the bottom. Think about it, you are retail.
Anyways, next leg will be massive.
#ETH #Crypto
@ShadowPNL It’s a known fact markets move towards liquidity and imbalances. If you don’t think we’ll go higher don’t hold spot, simple as that. When we see ATHS don’t cope.
Because thats where a market moves to, liquidity. If it was a true top, we wouldn’t be slowly dumping. From the top to now it’s been 14 weeks of slow bleed.on the other hand, took us about 7 weeks to go from these levels we’re at now to ATH. That’s the definition of a true move. Does not give a single person the time to enter. Moves aggressively in the intended direction leaving little to no liquidity behind.
$ETH and $BTC are both approaching the POIs we have been waiting for. Let me explain why I am confident we bounce from these levels.
On the weekly timeframe, these zones are the last close unfilled imbalances. If we do not turn here, the market would have to nuke straight through them, and to me that is extremely unlikely. There is no way we leave all that stacked liquidity sitting at the highs and just keep pushing down slowly. That type of corrective downside is never the sign of a top. It is actually very bullish. Anyone looking at the higher timeframe can see the imbalance between buyers and sellers right now.
I have been bearish for a few months now waiting to tap these levels, but at this point it would be stupid not to be bullish. I also want to mention the fear and greed index. We are sitting in extreme fear, yet some people think the top is in. Markets hunt liquidity. When sentiment is this bearish and shorts are stacking like crazy, the market has every reason to go higher, other than the fact that structure itself looks strong.
I do not hold any spot bags, so none of this is emotional. I genuinely believe ATHs are close, maybe in the next few weeks, maybe even next week. We also have a ton of red folder news this week. It will most likely push the market higher.
Nasdaq and S&P also closed very bullish on Friday. I think market open today, or NY AM open tomorrow, will make things more obvious. For now, same plan:
BTC → $92,000
ETH → $2,800
That is our bid area and leveraged long zone.
I will keep you updated
If you entered a long and set stop loss below swing low as soon as this clown who sold his soul to the MM’s shorted, you would have caught a 13R trade
Or he might just be the worst possible trader to exist. Who knows 🤷♂️
#Drrekt