Bears once again defeated sub 69k

My $INJ long is also defeated tho. Got rekt on this one 💀

Bru

Doesn't matter how you put it. We broke down this rising wedge on SPX. I expect a bearish retest on this green uptrend which is now a resistance and then we either dump or range at 5200~

Gold has broken out which is a very bearish signal for stocks.

Buying the dip here

Countdown for Linea Park. I highly recommend you doing this to farm Linea Airdrop.

Linea is the L2 of Metamask company Consensys. I am convinced it will be big

Clarification:
Layer3 is great for giving you exposure to onchain activity on several apps and chains.

Loads of stuff there gives you chances to get aridrops.

1. Use a fresh wallet, as you will connect to loads of pages.
2. Do Linea Park for LINEA L2 Airdrop
3. Collect Cubes for L3s own $L3 Airdrop.

Aim for 50-100 Cubes.

That was an easy one $SPX

100 Cubes gives you this

General update on BTC:
We are below 69k, so my bias is slightly bearish.

I am still all in.

2 scenarios that would be a bearish confirmation:
- SPX giga nuking (as discussed many times in here before, a correlation is there until it isn‘t)
- BTC breaking 64k (this would confirm a lower high. Eventually a break of 60k is very bearish.

Oh yeah, happy weekend guys. Enjoy the slow market for some mental distance and rest.

Break this level on BTC and we are free to go!

LTF BTC update:
BTC has closed above the previous high a few days ago -> Bullish continuation.

On top of this, we retested the last high and kept going.

Usually intraday stuff is not as important but as we made it above 69k and are holding here right now, it is bringing us in a lot better position now.

I have a very good feeling.

Also some alts are still sitting at a great discount.

I picked a small long-term bag of $DYM here. Very visible coin and the selloff we are having is from the Airdrop sells. I can see it consolidate here for a bit more but should pull something similar as $JUP next imo. NFA, longer-term pickup for me.

📊On April 5, BlackRock IBIT had net inflows of $307 million and Grayscale GBTC had net outflows of $199 million. twitter.com

We haven‘t seen real fomo yet. Tradfi has been funding and still is funding this bullrun mostly (40-73k). So far smaller fish have been selling and some bigger whales. Distribution is ongoing and bullish.

I am selling when everything is completely ridicoulous again.

BTC was looking pretty top-ish here with this forminh H&S pattern here. The green forming flag here doesn‘t fit this and invalidates the H&S as top.

More up!

BTC Domince just broke this downtrend from 2017

Did they unload today?

Maybe. SPX nuked.

So much denial in this market when all alts basically retraced the full last pump. I believe it isn't over