Metal up: Crypto down
Metal down: Crypto down
Wars : Crypto down
No wars : Crypto down
Rates cut : Crypto down
No rates cut : Crypto down

Sooon

Downtrend resistance from the previous flush broken 🙏

Wasn‘t it, but we now pierced the main support and finally are seeing a proper wick. This will hold for days, and most likely is the bottom unless stocks implode. Then we gonna see massive pain

Stocks starting to feel like BTC at 120k taking its first dip.

It is reporting sesson and many stocks get smoked on very positive numbers.

Massive fear. Not even great news can hold us up right now.
Is the bubble popping now or will this market calm itself the next days?

My gut tells me that we will get a bounce soon. Don‘t quote me if wrong.

Main support zone and Bitcoin just keeps bleeding like it slit its wrists.

69k is the bottom or the support channel.

5 months of red in a row.

200W MA at 60k.

There must be a relief bounce coming

This is true and the reason why we must hold 69k

69k nearly hit and noone stepping in. This is the worse market I have ever seen and I went through several bear markets

69k hit...

broken. We are so fucked man

We have lost 2021 ATH now

Getting now real support so far is really fucking annoying.

I still expect some bounce but it is horrendous to see, that on every 1% SPX move, BTC dumps 5-10%. When SPX recovers, BTC doesn't...

That said, I believe something should happen soon. If not, 58k is the current 200W MA and this will hold for sure, at least initially...

I wish I never wasted my time in crypto to be honest.

But here we go, finally some volume. Is it enough? I don't fucking know..

Caption this: stocks are down 2,85% from ATH.
Bitcoin 47%
ETH 61%
Alts??? most of them 99%?


The AI bubble hasn't even popped yet..

All of this with Tom Lee, Saylor and ETFs pouring literally billions of $ into the market.

Of course, some OGs cashed out big time. I mean who wouldn't if you made hundreds of millions.

But still, something is absolutely not right if you ask me.

When I was talking about the crash, I expected us to land somewhat where we are here right now. But I expected the crash to come alongside stocks and equities with the AI bubble burst. Not just randomly. Saylor and Tom lee haven't even started selling.

I am absolutely baffled that we are just bleeding through supports like this without any reaction while tradfi isn’t even doing that bad. Wtf is going on. Who is selling so much?

60k hit… 2k above the 200W MA.

This is the first time since 80k that it actually looks like a local bottom.

But given the pure weakness (Stocks and Equities are still not that bad at all), I wouldn‘t be comfortable to call this the definite bottom.