Patience compounds the most profit
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Grim Sweeper retweeted
FTX collapse marked the bottom.
So will the Binance hack.
The best way to recoup losses is to send prices significantly higher, not lower. Do not think for one moment that Binance won’t do exactly that.
They hold multiple billions in $BTC and have the firepower to execute multibillion dollar longs that aren’t visible to retail.
Not to mention, they probably made $1B in liquidations, slippage, and fees anyway.
It might just take some time for the market to rebalance after the temporary damage.
But after that, I think it’s crystal clear where we are headed on the HTF.
Grim Sweeper retweeted
This chart says it all.
Take a look at the S&P 500's heat map over the last 30 days.
Sentiment is currently as if we are in a major bear market, with tech stocks down -$5 trillion in 3 weeks.
Meanwhile, the MAJORITY of the S&P 500 is green over the last month, and the index is 3% away from a record high.
Our "stealth" bear market is underway.
$index seems like a lot of people were looking for an entry
probably a fakeout lower then reclaim bottom support line $cashcat
if we touch $cashcat support again i would throw your life savings on it
80-90m is a gift if it presents itself
@vladtenev said the chains first 100 days shocked him for the better and they are doubling down on crypto
Grim Sweeper retweeted
Iran war.
CLARITY Act blocked.
First Fed hike in 3 years.
Treasury yields at multi-decade highs.
Strategy sold 6,916 Bitcoin.
COLDCARD exploited.
Ledger exploited.
Binance hacked.
I genuinely don’t think people realize how much bad news Bitcoin has absorbed.
If this isn’t a sign of resilience and potential seller exhaustion, I don’t know what is.
$index $cashcat barbell was always the play
Grim Sweeper retweeted
Vlad said in the earnings call they will support the community and builders.
Not too long after we have:
- RH tweets
- Listings coming
- App integrations
This is just a day later. Imagine what this transforms into in 6 -12 months.
And yall are bearish???
NGMI