11/
The faster we take our losses, the faster we bottom and set ourselves up for the Fed pivot which will happen sometime in 2023. The worst would be for zombies to still be amongst us when YCC begins in earnest.
8/
#Crypto OG diamond hands are waiting for lower levels and will step in to further increase their stacks.
$BTC = $10k - $15k
$ETH = $750 - $1k
$SOL = $3
They’re going to release the mtgox bitcoin the same week they unlock the post-merge staked eth. They just want to maximise chaos. 6-12 months away probably. Going to be funny. Don’t trust anyone
$SOL: I think this still looks decent on lower time frames, EMAs looking good still on the 4h. Expecting the 4h 200 EMA to be some immediate resistance but #Solana should outperform most altcoins in this environment. Still, everything depends on btc ofc.
We have a scoop from one of our associate autists: MIM (Magic Internet Money) may be nearly insolvent. MIM is one of the larger stablecoins, with a market cap of ~$300M.
We can't believe that a project called Magic Internet Money has been acting irresponsibly either.
Details:
$ETHUSD - would be a dream scenario to short into. Not sure if it happens, clean reclaim above 1760 would increase the odds imo.
Covered the breakdown and range level to level plays in the stream.
GN
Alright F it let’s just nuke it all to zero 🤝
This was the extension on the roadmap to goblin town fractal that I kept willfully ignoring, because I wasn’t ready to see low $20Ks until the fall.
Sometimes life gives ya what you need before you get what you want
Decided to make a quick post on pattern recog.
I know it may be tempting to look for swing longs here, but the truth is, if you try to catch the bottom , you will likely lose. Does this mean you can't take scalp longs though? No. Here is how I play the bounces.
RT 🤝
$SOL
Didn't think we would get here this quickly, but Solana is now approaching monthly demand
This is where I'd like to see a bottom form but I wouldn't expect it to happen quickly. There could be months of consolidation.
hard not to see $SOL as the big winner here, has some solid protocols now and real adoption and use with NFTs, I think depending how low you can bid it in the upcoming months, this is a kingmaker trade.
Would be looking for something like this. Want to see that block reclaimed, and a higher high. Not exactly what will unfold. And will look at entries once some LTF HH & HLs are in
Took a L on this BTC trade last night, was impatient at this level, should have waited for confirmation. One of my problems is that I get in to early. So still looking at a long, just gonna wait to see some bullish pa