The crypto summit was a complete waste of time

At least there was nothing bad said

Fringe thoughts on the market RN:

I know alot of people are hurting right now. Hang in there. Nothing ever goes up or down in a straight line for long. To all the bears, congrats.

I did give warning that we had begun a bear market a while ago and so far nothing has changed my mind. I'm still expecting an exit bounce and short squeeze, but like I said before, it is hard to tell where it will come from but I am almost sure it is coming and will probably take us back to >90k level. Looking at how bad alts are down, there is no doubt that the criminals in the space will send these higher just to get out.

I am seeing alot of contrarian accounts come out and say things are going exactly to plan and that we will go to new ATHs after this dump is over. IMO, this is only possible if the catalyst for pump is major major news that we are not expecting at all. Even SBR buying coins won't work anymore, it has to be an absolute surprise and white swan event IMO.

That being said, do I think this dump is over? I'm about >50% sure most of the big dumping is over but I am not sure whether the time to pump is here yet. Tradfi hasn't shown capitulation yet as well which will definitely factor into this. Right now, we are still not as bearish as the market back in January for tradfi, will check later to make sure.

My plan from this point is to look for crypto strength on a bloody red tradfi day. Is that day today? I don't really think so.

Strongly believe memes will make a come back

🔥 JUST IN : Breaking: #Gold Is Now Trading At $3,000 For First Time Ever.

@Fin_Watch

Realization phase

We are nearing the timing band for a weekly bottom.

Currently on week 11 downtrend. On average between 16 to 22 weeks downtrending before it puts in a momentum bottom but technically, any strong move up can indicate a local buyable bottom.

This is just an update on my trading system, not a call. I have stopped using the system personally because I feel it is a little bit laggy and I'm glad I did because the December warning I gave was mostly based on my gut feeling (https://news.1rj.ru/str/moonbagsnotes/4969)

For comparison, 2023 weekly downtrend lasted 25 weeks, in 2024, it lasted 23 weeks

🗽👀 Fidelity allows investors to directly invest in cryptocurrencies through a new retirement plan. coindesk

Gut feeling:

This dump reminds me of the night when Trump won the election in 2016

We revisit this

Ending poll here so you can't change your vote based on the 1 minute chart lmao

Inflation narrative is fully over

*TRUMP: IF CHINA DOES NOT WITHDRAW TARIFFS BY APRIL 8, US WILL IMPOSE ADDITIONAL 50% TARIFFS APRIL 9

Donald Trump stated on his social media that the United States will immediately raise tariffs on China to 125%, while granting a 90-day suspension period for over 75 countries, during which a reduced reciprocal tariff of 10% will apply. — link

Week 14 of downtrend, it should be drawing to a close soon

Daily uptrend is also beginning now, as early as today if we maintain current price levels or above over the next few days

Massive outflow from money markets last week. Two consecutive outflow weeks.

Begin the clock on the final positive move if this begins going down imo. Final positive move before complete collapse.