BTC is at a terrible spot: while SPX is on its main support without a bigger reaction, BTC just looks beaten up. People seem to lose enthusiasm.
On a hopium side, this is what we need to have enough consolidation. I am fearful tho about stocks.
Stocks sit at ATH and usually, when the FED starts finally start cutting rates, the rate cuts have been priced in a long time ago.
Historically, in 3 of 4 similar instances, the market got shat on as soon as cutting started.
When they start cutting and the economy is still growing, we might actually have a soft landing. There is hopium but the odds stand against bulls rn.
Warret Buffet is sitting at an ath in cash.
I am still brutally overinvested and I don‘t see where I should take something out while everything is down so much. But it looks like we are seeing another shitty upcoming weeks.
Fingers crossed that I am wrong on this.
On a hopium side, this is what we need to have enough consolidation. I am fearful tho about stocks.
Stocks sit at ATH and usually, when the FED starts finally start cutting rates, the rate cuts have been priced in a long time ago.
Historically, in 3 of 4 similar instances, the market got shat on as soon as cutting started.
When they start cutting and the economy is still growing, we might actually have a soft landing. There is hopium but the odds stand against bulls rn.
Warret Buffet is sitting at an ath in cash.
I am still brutally overinvested and I don‘t see where I should take something out while everything is down so much. But it looks like we are seeing another shitty upcoming weeks.
Fingers crossed that I am wrong on this.
Expect a bigger move soon.
My bias is down but I certainly hope up as I have no powder left to DCA. Not all hope is lost
My bias is down but I certainly hope up as I have no powder left to DCA. Not all hope is lost
DiveInDefi
Hopium:
With a lot of imagination I could see a falling wedge here. This would be bullish…
Looking for some tiny bits to keep up the mood here
Looking for some tiny bits to keep up the mood here
Forwarded from Crypto News Aggregator by EXCAVO
🤑😱 #BTC The fear and greed index dropped to 22 - extreme fear.
Crypto News Aggregator by EXCAVO
🤑😱 #BTC The fear and greed index dropped to 22 - extreme fear.
Good for potential reversals. But keep in mind this shit can stay down for a long time.
I remember people having a lot of emphasis on this index on the öast bear from 70-15k. I believe it hit those lows at 40k region already and people expected the bottom to be in.
I remember people having a lot of emphasis on this index on the öast bear from 70-15k. I believe it hit those lows at 40k region already and people expected the bottom to be in.
DiveInDefi
It really doesn't look good. Man this sucks...
We are getting slaughtered
DiveInDefi
With a lot of imagination I could see a falling wedge here. This would be bullish… Looking for some tiny bits to keep up the mood here
my first support at 52k held. for now
If SPX keeps crashing next week, don't expect BTC to decouple. We should see healthy bounces over this weekend tho