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?
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?
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.
69k is the bottom or the support channel.
5 months of red in a row.
200W MA at 60k.
DiveInDefi
My gut tells me that we will get a bounce soon. Don‘t quote me if wrong.
There must be a relief bounce coming
DiveInDefi
So here is the thing. Despite all the pain, this is the rational bottom zone for this correction: 69-73k. However, noone knows what is going to happen next. My issue is that the whole sell off, despite a TA making sense, it doesn‘t macro wise for me.…
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
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 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...
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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.
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.
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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.
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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?
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DiveInDefi
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?
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.
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.
Either way, if you believe in crypto and are not all in, these are the days to buy more
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DiveInDefi
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?
X (formerly Twitter)
Parker (@TheOtherParker_) on X
This was the highest volume day on $IBIT, ever, by a factor of nearly 2x, trading $10.7B today. Additionally, roughly $900M in options premiums were traded today, also the highest ever for IBIT. Given these facts and the way $BTC and $SOL traded down in…
DiveInDefi
https://x.com/theotherparker_/status/2019587226871447687
Most convincing I have seen so far. Past days were forced selling for sure. If supports don‘t see any room to breathe, then someone is forced to get out.
Forwarded from Crypto News Aggregator by EXCAVO
😱 Stablecoin Inflows Double Despite Persistent Selling Pressure
“It is a positive signal, as it shows that investor interest is gradually returning at this level of correction. This dynamic still needs to strengthen, but some participants are buying this dip.” #stablecoin link link
“It is a positive signal, as it shows that investor interest is gradually returning at this level of correction. This dynamic still needs to strengthen, but some participants are buying this dip.” #stablecoin link link