Magby

Crypto investing #cc #moongang

[Luke Belmar 👽 @lukebelmar]

Believe in Something

[Pavel Durov @durov]

This year, I wish you less — less information, less food, less entertainment, less communication, less stimulation. You already have too much of all that, and it stands in the way of your serenity, health, sleep, and creativity. Merry Christmas! ☦️

[Resistance Dog @redotoken]

Believe in something. Believe in Resistance 🤝

[Anton Seim 🔑 @antonseim]

The British are subjects. The British are not free. The United States kicked the king’s ass in a war for this. There is no free speech in the UK. They are subjects.

[CryptoData @TheCryptoData]

There's $1.6B of FTX repayments going out Sept 30th and @SBF_FTX is tweeting again?

This should be fun 👍

[ardizor 🧙‍♂️ @ardizor]

Once you step into crypto

You don’t step out

It’s for life

[BONK!!! @bonk_inu]

Imagine literally every dream you've ever had coming true

[Helium Mobile ☁️ @helium_mobile]

At this point in life right now 😴

[CryptoData @TheCryptoData]

We had mass liquidations across the board today with alts rekt and uncertainty rising. Let's cover some indicators I'm watching that could mark a bottom within the next few days 👇

Liquidations
Over the past 24h, we've had over 1B of liquidations. This has historically marked a local bottom within the next 1-3 days.

CME Gap
BTC formed a CME gap at 97.2k on May 7th. This is the target I'm watching as historically price has reversed after filling the gap.

USDT Dominance
We've hit slight resistance on USDT Dominance with the daily RSI/StochRSI overbought. This could create some relief in the market as stables flow back into alts (as most are down 50-80%). If we can close the daily below 5.15%, I'll look for a move lower and rally in alts.

Liquidation Heatmap
On the 1M heatmap, most of the liquidity has been taken to the downside. Shorts are getting overconfident and calling for 93k while longs are getting hesitant and not bidding. This is the perfect time for a reversal and could show some relief within the next few days.

Summary ✍️
Despite the headlines, look at the what the data is saying. The data is saying we are overextended and due for a relief bounce. Most are sidelined and sold all of their alts, or have been liquidated. These are the metrics needed before MMs decide to run it back. I'm DCAing at these levels and expect we'll see a mean reversion within the next 1-3 days. As always, manage your risk and only invest what you can afford to lose.

[JerryRigEverything @ZacksJerryRig]

Draft MAGA first.
You voted for this.

[Ansem 🐂🀄️ @blknoiz06]

United States of Zionism

[Casual Geopolitics @Casualgeopol]

The new flag of America.

[dollarcostcrypto @dollarcostcrypt]

MOONGANG #181 GET IN OR CLOCK IN https://t.co/EBntmaaRWD

[Luke Belmar 👽 @lukebelmar]

If you care what NPCs think you stop being the main character.

[RookieXBT 🧲 @RookieXBT]

this is literally the last shakeout before the breakout we tell our children about

[Dracula Presley🦇 @DraculaPresley]

ETH going back below $2400.

[jBillz @JohnnyBillionz]

You got what it takes but it takes everything you got

[Titan @Washigorira]

#Bitcoin Breaking Out 🚨 🚀

#BTC just broke out of a clear bull pennant on the daily chart.

If this move holds, new All-Time Highs could be around the corner.