1/7 SIMPLE Guide for buying any dip
Wait for the higher high.... #Bitcoin No HH thus not done trending down... More pain all round can be expected.
Realistically Your Alts will bleed more!
2/7 $USDT.D & $BTC.D
Momentum To the upside, stating the obvious here, but there's some more pain to be had.
Dominance going up: people Fleeing alts $luna made it quicker. Waiting for signs of weakness like seen in the $DXY
3/7 DXY Showing some hope the end is near....
Losing momentum after a flood to safety.
We need calm and boring everywhere and this might start coming down.
4/7 All round the high inflation created a big expectation that people will flood to crypto. Made sense at the time STILL DOES, but with fear and job security in question people might stick to the familiar. No one want to be first to take a leap of faith.
This too shall pass...
5/7 WARNING: A violent surge in $DXY and $USDT can trigger a price cascade and we can see a 10k price reduction day!
DONT BUY DIPS THEY WILL HAVE TO GET TESTESTED BEFORE THE MARKET TURNS.
6/7 As for my long term #bullish#Crypt theses.
No one agrees, its the top, at the top!
Same for the bottom.
The thesis being tested at this very point. If you planned for price to possibly get here your outlook will be optimistic & not Bearish.
7/7 Important mindset rule; "Being right is not important. If it fails, I have to trade the market accordingly"
Next push up will be my Exit liquidity...
WITH A DOWN TREND , then, CORFIMED. Treat it as if it's going to last forever and start shorting the market, until that fails
$DXY going the other way ...
$DXY Clearly not done
Fear fueling this fire
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1/7 $Luna
When its fast it wont last! The risk in buying now is, if it lasts, it would most probably be forever.
My heart goes out to anyone negatively affected!!!
The frenemy in my wants to buy their loss, betting on a recovery...
2/7 The first thing to establish: do you still trust the business model?👇
Should there be a safeguard in place for large transactions(this is why banks have them)
3/7 In addition to this if you want to buy a bargain, what will be the timeframe for the recovery, if ever...
This is a big exploit(using the term loosely) but not the first nor the last #crypto will see. I've seen some truly resilient teams bounce back from similar positions.
When to be bullish again #NOHOPIUM #Bitcoin is still trending down...
My bull-market continuation invalidation level is still sitting at $29890 for a $btc
Bearish Game plan: Take note, think its cheap now...
We should not use the adoption curve as hope... Things like war, natural disasters (you can list them) can take away the need to bank the unbaked very quickly... It means that our adoption might get put on hold for a bit...
Bitcoin by monthly standards has never seen a bear market... Don't rule this out.(honestly I can't see whats the alternative monetary system, but I'm only pointing out that its a probability just like a bull market continuation)