ETH is the only chart I care about right now
I don't see a sustainable market-wide recovery on alts unless the move is led by ETH.
things will get ugly if ETH breaks the red line.
Here's a 150 year chart of stocks priced in gold (green).
Last 3 times it rolled over were:
1929 - The Great Depression
1971 - closing of the gold window, birth of fiat
2001 - dotcom bust
These were followed by a decade, more or less, of sideways chop in stocks.
I believe this is going to be one of the worst weeks we have seen in stocks and crypto for a very very long time 🩸🚨
- I think SPX is topping.
- I think BTC drops below $100k.
This week we could see max pain, max fear. HODL. Avoid perps, avoid volatility.
I’am still heavily bearish & short. Nothing I share is financial advice. Stay safe.
- Wynn
JUST IN: As markets decline, trader 0xc2a3, previously known for perfect 100% win rate, is now sitting on over $21.7 million in unrealized losses across his $BTC, $ETH, $SOL & $HYPE long positions.
His total P&L has fallen from over $33 million profit to a $5.8 million loss.