Prometheus
24 posts

Prometheus
@0xPrometheus1
Defying the gods by stealing fire from them and giving it to humanity.
Katılım Kasım 2021
571 Takip Edilen26 Takipçiler

RT @krugermacro: “It’s not a Ponzi scheme, you idiot; it’s a Buy The Dip scheme.”
Watching this video is the mandatory mental reset after…
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btc is in a weird place. nobody really wants to long it, which is good, but the overall liquidity picture is bad and getting worse. i think most ppl will be happy they just tuned out until later this year (aug-nov), but for traders playing a move to 80kish makes sense.
btc is the most liquidity sensitive asset. its gonna be struggle higher, but theres def a lot shorts to take advantage of if we can get above 75k and hold.
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@0xPrometheus1 your dm is asking for the link(s) in the tweet(s) above!
apply there
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Doppler@dopplerprotocol
We're hiring 4 engineering roles at Doppler • Protocol Engineer • Backend Engineer • Frontend Engineer • Solutions Engineer Remote. Full time. Building the future of onchain markets. More information below ↓
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we are hiring experienced defi smart contract engineers for @dopplerprotocol
if you are interested in working on the future of onchain markets with some of the best in the biz, msg me or @cooper_kunz!
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@skyiszen Cheers, appreciate the reply. I allocated a bit on this dip as I don't trust my ability to catch bottoms. But have spare cash ready just in case.
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@0xPrometheus1 Idk I don’t pay it much mind these retards say relative strength on every bounce the entire way down
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@0xPrometheus1 Ehhh idk tbh not sold on it but not not sold on it, just waiting a bit
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@krugermacro gm Alex, curious to know your current positioning. Are you long or flat going into this?
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@trippingvols Hi Zlex, are you still long despite the dip today? We are not much higher than the liquidation levels highlighted in your post so wondering if it’s been invalidated.
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Over the last week two of the largest public ETH whales have capitulated the majority of their levered positions. This has caused ETH to decline over 20% also dragging BTC down to natural support levels at prior cycle ATH's. This began with Garrett's 200k ETH perp long liquidated over the weekend, bringing prices dangerously close to Trend Research's liquidation levels on leveraged ETH vs USDT Aave positions. However, Trend has now repaid mid 9 figs of their original position while Garrett has sold ~300m additional Spot ETH. We believe this puts ETH in a position where natural demand can fill the remaining forced sellers. As can be seen in the below chart, Trend Research's liquidation levels are now in the 1600s, roughly 24% away from current price. Once ETH bounces at all the reflexive loop will end. Market should realize this soon and the combination of powerful technical support makes now a logical point to call a bottom on ETH and crypto more broadly. We are long ETH outright.

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