SpaceX shares jumped 20% in one day, sending its valuation above $412 BILLION.
A company with how much revenue? ๐
One of the more interesting short setups to watch in the coming weeks imo.
Markets can stay optimistic longer than expected, but parabolic moves rarely come without consequences. $SPCX
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$BTC has now swept most of the downside liquidity.
Thatโs why many traders now expect a strong reversal into new highs.
But there is still a massive liquidity cluster sitting around
$65,000-$55,000.
We may get a relief bounce, but I still donโt think #Bitcoin has found its final bottom.
When $BTC drops, perma bears are on fire again.
A few months ago, he was repeatedly telling people to buy gold when it was already above +$5,000 and sitting at ATHs, because according to him it was still "relatively cheap."
If anyone followed that advice, they're now sitting in a decent loss and have been going nowhere for quite a while.
Obviously, this guy wants the attention of crypto investors, and it's clearly working for him. So I guess sometimes it's hard to take his posts seriously, and the best thing to do is simply ignore. ๐
There is way too much complacency in Bitcoin for the market to be anywhere near a bottom. When Bitcoin breaks $50K, it should be a quick fall below $20K, which should be a big enough drop to shake the conviction of long-term HODLers, causing many to finally throw in the towel.
@0xchainBob A solid strategy ๐ I actually met this guy at Binance Blockchain Week live. He's cool, but I guess he does some clickbait posts sometimes, even though he's still very bearish on crypto.