I think that this relief rally will give us Bearish re-tests across the board for $BTC ($46k, maaaaaybe $53k), $ETH ($3500, maaaaaybe $3800), $SOL (155, maaaaybe 167) and practically all other alts too. Not because the market is broken, but because I think...
... we've taken it far enough with useless coins that have only a "community" (aka apes mislead by marketing or influencers) and nothing else. So I think that should wash out before we can truly continue higher. Hedging my useful coins to a large degree with meme coins & scams...
...If we do have another major dip, I will be happy to buy $BTC, $ETH, $SOL, $NEAR, $ATOM, $DOT, $LUNA and $AVAX lower and if they rip instead, I am still thinking they should to better than the hedges and I remain net long in my spot holdings...
...I continue to see a lot of great developments and innovation, so I am not at all Bearish on markets in the mid term. In fact I think all markets end 2022 green, but I think the path there is rocky. None of this is advice. It's my thoughts and they can change quickly.
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