Thread by @DU09BTC

🚨 1/ Have Terra #UST & #Luna topped?

The UST market cap is giving me top signals (see pic).

Since UST & Luna are basically the same things with different labels, you need to be careful!

Particularly when #BTC is flashing a major bear signal!

Here's my update, a thread. 👇

2/ Let's start with UST & why you want UST growth to continue at all costs

A falling UST mcap = more Luna minted = Luna sold = Luna crash

Basically the pump cycle, but now in reverse. This is a big NO-NO for Terra.

Let's look at Luna next 👇

https://twitter.com/DU09BTC/status/1512662629675843585?s=20&t=KMiBGrDqAUY8BLT2UwVLbQ

3/ With the price now firmly under $100, Luna's uptrend is over.

What makes this worse is that #BTC is not giving much hopium right now.

If BTC falls under $40k, altcoins will be in HUGE trouble.

See next for a #BTC overview. 👇

https://twitter.com/DU09BTC/status/1512426377445888009?s=20&t=KMiBGrDqAUY8BLT2UwVLbQ

4/ This Sunday, BTC has to close its weekly candle above the 50 moving average (in yellow), otherwise, the bullish narrative is out the window.

But what about Luna / UST?

Surely they will perform, they did so well so far???

Right? Right?!?!? 👇

https://twitter.com/DU09BTC/status/1512693549346824192?s=20&t=KMiBGrDqAUY8BLT2UwVLbQ

5/ NO.

BTC crashed 63% last time it made the weekly 50 MA resistance (in 2018).

Do you know what happened to altcoins? They crashed +90% from ATH.

Don't be naive to think Luna is above the market, it is not.

Plus, check the current situation with Anchor... 👇

6/ Both the deposit & borrowing on Anchor have peaked! See the right side of the chart below.

Maybe it's early to call it, but the signs are... BAD.

But, but... what about all those new b-assets that will allow more borrowing with AVAX, ATOM???

That will save us, right? 👇

7/ NO.

Do you think $26 million in AVAX collateral from borrowers & $32k from ATOM collateral will save you?

Even my grandma has more than $32k in her bank account.

The current macro in the world is BAD. Cash will be king, not altcoins.

Even BTC will suffer. 👇

8/ With historic inflation in US & EU (real rates are probably at over 10% per year), prices are exploding.

People will HODL cash with their life as they see their quality of life erode, not gamble it on shitcoins.

Outlook is grim.

Can BTC save us? 👇

https://twitter.com/DU09BTC/status/1511675122301685763?s=20&t=KMiBGrDqAUY8BLT2UwVLbQ

9/ HELL YEAH! 🥳

Every crash was actually a MASSIVE buy opportunity.

#BTC always recovered & went on to PUMP, HARD.

So make sure to position yourself well.

My below thread can help you.

Also, see the next tweet. 👇

https://twitter.com/DU09BTC/status/1484810579940458498?s=20&t=KMiBGrDqAUY8BLT2UwVLbQ

10/ If you liked this thread, #retweet the first post to get more of this content in the future! 😍

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