Most of the today‘s sell off is due to stocks weakness if you ask me.
However, if we dump 9-15% every time SPX moves 1-2%, I don‘t know how to remain bullish.
Crypto has to show some real strength, which it hasn‘t showed in weeks.
There is still a possibility of a bear trap. But we continue to see bearish hints. Every news turns out bearish for the price. The price always is a result of the market state.
Market needs to get numb to bearish news and bullish to bullish news. This is when we go up again.
Remember: a bear market can be brutal. Noone will know how far we go down. This needs time and I hope we just don‘t bleed as much in the meantime.
Bitcoin remaining under the >89k range means bear market for me. I turn bullish the second we flip 89k
However, if we dump 9-15% every time SPX moves 1-2%, I don‘t know how to remain bullish.
Crypto has to show some real strength, which it hasn‘t showed in weeks.
There is still a possibility of a bear trap. But we continue to see bearish hints. Every news turns out bearish for the price. The price always is a result of the market state.
Market needs to get numb to bearish news and bullish to bullish news. This is when we go up again.
Remember: a bear market can be brutal. Noone will know how far we go down. This needs time and I hope we just don‘t bleed as much in the meantime.
Bitcoin remaining under the >89k range means bear market for me. I turn bullish the second we flip 89k
DiveInDefi
I think local bottom in in for today. Nfa
I think there is a good chance we retest 89k from below once more.
If we lose this range without a meaninful bounce, we might have 73k on the line quicker than I thought
If we lose this range without a meaninful bounce, we might have 73k on the line quicker than I thought
DiveInDefi
This is not what you want to see after such a candle. This could have been it.
This is usually what happens after such a candle in a correction
DiveInDefi
I think there is a good chance we retest 89k from below once more. If we lose this range without a meaninful bounce, we might have 73k on the line quicker than I thought
$SPX once again bounced off this red support
Forwarded from infinityhedge
*CHINA RETALIATES AGAINST TRUMP TARIFFS WITH LEVIES OF UP TO 15%
*CANADA ISSUES 25% RETALIATORY TARIFF ON US IMPORTS, WILL REMAIN IN PLACE UNTIL US TRADE ACTION IS WITHDRAWN
*Trump's 25% tariffs on Mexico and Canada took effect, ending decades of relative free trade between US and its North American neighbors
*CANADA ISSUES 25% RETALIATORY TARIFF ON US IMPORTS, WILL REMAIN IN PLACE UNTIL US TRADE ACTION IS WITHDRAWN
*Trump's 25% tariffs on Mexico and Canada took effect, ending decades of relative free trade between US and its North American neighbors
Forwarded from infinityhedge
WHITE HOUSE: TRUMP SIGNED ACTION TO TARIFF CHINA AT 20%
DiveInDefi
I think local bottom in in for today. Nfa
For today was correct. They just kept dumping after daily close.
BTC lost all supports but selling is slowing down.
Tariffs are live. At this point, I can‘t see how it can get worse. Buy the news?? Burnt my hands on this last fakout ngl
BTC lost all supports but selling is slowing down.
Tariffs are live. At this point, I can‘t see how it can get worse. Buy the news?? Burnt my hands on this last fakout ngl
DiveInDefi
Crypto should literally not care about Tariffs. It is much more dangerous for global companies.
It just shows
It just shows
When people fight, the neutral one usually wins.
BTC is the only ungoverned established currency.
All of this should be giga bullish (at least for real decentralized currencies)
However, fear prevails and everyone is just onloading like there is no tomorrow.
The question is when do people realize. Do we really need another bear market first or can we skip that part?
BTC is the only ungoverned established currency.
All of this should be giga bullish (at least for real decentralized currencies)
However, fear prevails and everyone is just onloading like there is no tomorrow.
The question is when do people realize. Do we really need another bear market first or can we skip that part?