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

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

For those with cash...you have an amazing chance to bid ETH at pre ETF announcement levels

idk seems like free-est trade IMO

Eth is at a level where I am seriously considering selling most of my alts and just buying eth with 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

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

i am supporting the calvary w my $200 in addition to their 30m positions 😁

Last time fear was 29? January 2023

“Overall, it would seem that the idea of the overhang has spooked markets more than the actual selling will.”

https://blog.coinshares.com/estimating-the-market-impact-of-mt-gox-repayments-ec4a4927e50d

if we remain around current levels despite repayment news, then i'll note it as a sign of strength

or simply that the fear selling is mostly done

watch the market