Think we are in the brink of an alts short squeeze.
Here's the short squeeze.
Unfortunately a massive long squeeze came before. $YFI died last night, temporarily taking all of DeFi down with it.
Reason I expected a short squeeze was chart based. Funding was ratehr flat across the board, and I was wrong.
Unfortunately a massive long squeeze came before. $YFI died last night, temporarily taking all of DeFi down with it.
Reason I expected a short squeeze was chart based. Funding was ratehr flat across the board, and I was wrong.
Volume indicates that may have been the $YFI bottom, and the DeFi bottom by extension. Better calling it in real time, but it was a busy night to be tweeting, particularly when dead tired and trading. The one thing making me doubt has been the funding which never went negative. 
Square buying Bitcoin news finally driving the short squeeze on the bitcoin side.
https://twitter.com/DeItaOne/status/1314189340726177793
As said reason I expected a squeeze was chart based
#1 had alts charts massively oversold
#2 had bitcoin and stocks on the brink of squeezing higher - the squeeze is on once price moves above the Trump sell-off point - happening now.
#1 had alts charts massively oversold
#2 had bitcoin and stocks on the brink of squeezing higher - the squeeze is on once price moves above the Trump sell-off point - happening now.
Feeling confident now that was the DeFi bottom. For that we need:
#1 stocks no to go full risk-off mode
#2 Cronje to behave like a grown-up
Bet he'll come out of his cave within weeks, release a new product, make $YFI pop 30-50% in days, and have his sycophants like his boots.
#1 stocks no to go full risk-off mode
#2 Cronje to behave like a grown-up
Bet he'll come out of his cave within weeks, release a new product, make $YFI pop 30-50% in days, and have his sycophants like his boots.
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