Forwarded from Moonbags Markets
Just too much confluence for mid September
1) Market expects rate cuts
2) CZ released from prison
3) Lunar eclipse
4) Upcoming election
5) ETH ETF trades by then
6) Tradfi big boys done with summer vacation
7) Mercury retrograde ends August 28
1) Market expects rate cuts
2) CZ released from prison
3) Lunar eclipse
4) Upcoming election
5) ETH ETF trades by then
6) Tradfi big boys done with summer vacation
7) Mercury retrograde ends August 28
Forwarded from Investing Beanstock
vxTwitter / fixvx
Magus (@TraderMagus)
Predicting vs Reacting
You always hear "react, don't predict"
"But why? I see tradexyz calling support with his TA"
The truth is, TA is a meme
It's impossible to predict flows
What happens when we are trading into a major support level but some oversized…
You always hear "react, don't predict"
"But why? I see tradexyz calling support with his TA"
The truth is, TA is a meme
It's impossible to predict flows
What happens when we are trading into a major support level but some oversized…
Forwarded from Moonbags Markets
Woke up to dying traders and rekt plebs because of the market dump and I couldn't stay away any longer. Also having trouble sleeping.
A reminder that the current scenario has already been given by me in May
Market is trying to find a higher low and has been chopping for months
Failure at 56.5k opens the door for 52k where it should find a more healthy bottom. Wicks below are possible but so is stopping short of 52k.
I also said 52k is more likely now because of Mt Gox
Total3 may actually need to run below gcr low now as this imbalance is always a core issue for ogs to feel like they are in control again and start bidding lmao
On the off chance that we have bottomed already, we will still be in a disgusting grind until probably late August to early September
A reminder that the current scenario has already been given by me in May
Market is trying to find a higher low and has been chopping for months
Failure at 56.5k opens the door for 52k where it should find a more healthy bottom. Wicks below are possible but so is stopping short of 52k.
I also said 52k is more likely now because of Mt Gox
Total3 may actually need to run below gcr low now as this imbalance is always a core issue for ogs to feel like they are in control again and start bidding lmao
On the off chance that we have bottomed already, we will still be in a disgusting grind until probably late August to early September
Forwarded from Degen Trading House
For those with cash...you have an amazing chance to bid ETH at pre ETF announcement levels
😁5
Forwarded from The Syndicate (Meta)
Eth is at a level where I am seriously considering selling most of my alts and just buying eth with it.
🔥7🤝1
Crypto Mumbles
the eth approval move almost fully retraced buying the full retrace and potentially liq grab below is something i've been waiting for exact same playbook as btc approval will see if i get it
looks like i’m not the only one
3k should be defended well
any sustained move lower than 2.8k gonna be a bit concerning
3k should be defended well
any sustained move lower than 2.8k gonna be a bit concerning
Crypto Mumbles
the eth approval move almost fully retraced buying the full retrace and potentially liq grab below is something i've been waiting for exact same playbook as btc approval will see if i get it
reached my buy zone
started buying SPOT in small clips and will probably buy down to hold
also added a small low lev long to supplement
shouldn’t get liquidated but if i do this market is over
started buying SPOT in small clips and will probably buy down to hold
also added a small low lev long to supplement
shouldn’t get liquidated but if i do this market is over
🔥4
i am supporting the calvary w my $200 in addition to their 30m positions 😁
😁6🔥2