@LayahHeilpern Remember that the market makers are always playing games, hunting for liquidity... there's no real macro reason for a bull run right now.
@Rager@SatoshiFlipper It's perfectly possible... the 0.786 retracement fib is at $7136, so 8k is not off the table by any means. Also given that all the bears want to buy at 10k it will likely go lower to rek longs.
In 2018, nobody expected 3k when it was ranging 6-8k, then boom.
@LayahHeilpern I'd be taking profit either here or after another 2-3k up... everyone is talking like we're out of the woods... we know what comes next. There isn't enough disbelief on CT for my liking.
@blockchainchick You talk like its a done deal... SPX is at resistance, banks are reporting huge losses and laying people off, DCG looking very iffy, Tether being delisted by exchanges... It's not the time for smugness, as you could very easy get rekt here.
@LayahHeilpern No, everyone has got way too bullish too quickly... mass long liquidations incoming (I think we might see a further pump to 23-25k first though).
@mrwarco@Coins_Kid Euphoria over 25% pump... market makers are rubbing their hands together with glee right now. Bull market won't be back until everyone is shorting the rallies, which they're clearly not right now.. .
@biggiedabs@CryptoCapo_ I know a lot of people had suspicions about FTX being dodgy, but calling an overnight collapse at that point would have been very difficult.
@Robertk1024@blockchainchick @PonziProfits So? Do you see the SPX breaking out of its downtrend yet? Most altcoins can go to 0 if conditions get as bad as 2000 or 2008...
@blockchainchick @PonziProfits Nah still too many bulls and moonboys that need to be vanquished first... when the bottom comes you wont want to buy it anymore - crypto will appear like a collapsing asset class.