Slowly but surely, the market is giving people hope again - right before coming into powerful resistance (1W pBB + distributive price behavior)
Slightly higher -> much lower imo
β οΈ CRYPTO MAY BE HEADING TOWARD ITS LARGEST CRASH EVER
The magnitude of losses now places this selloff among the most severe events in market history.
Over $2.22 TRILLION has already been erased, sending crypto down more than 50% from its peak.
This is now the 2nd biggest dollar drawdown ever, just ~$60B away from the record.
This is how cycles end.π₯
π SAYLORβS STRATEGY NOW DOWN $2B ON BITCOIN
Michael Saylorβs company Strategy is now sitting on roughly $2 BILLION in unrealized losses on its Bitcoin holdings as $BTC continues to slide.
Silver
watching closely - if we don't take KLs on majors before this BB is hit then this level could potentially send us to KLs
just one possible scenario though, no BOS and weak fib confluence, so this level could also get melted
Starting to accumulate spot.
Definitely think we're going lower to take BTC and ETH KLs (and potentially lower to liquidate the masses), but it seems unreasonable to not pick some up at these levels.
@Larskooistra_ One of the only people preaching caution right now as all of CX starts to flip bullish (in part due to coins like PEPE ripping higher) ππ
@Trader_Vantage hey vantage - what is that sh at 6.3%? looks like maybe a ltf sh, but why would you consider that one instead of the higher tf swing at 6.5ish%
USDT.D
Recent BOS signaling that USDT.D wants higher. Majors also broke structure towards the downside and left some extremely juicy MTF levels behind.
@CryptoError369 not sure how I missed that 1w BB - for the 2w though, since the .5 of the block was already taken, do you still consider the level? still learning sorry