LazyMeow
512 posts

LazyMeow
@LazyMeeeeow
Everything crypto. Enjoy the journey
Outer Space Katılım Aralık 2010
218 Takip Edilen56 Takipçiler

Most market participants are not appreciating the significance of a potential loss of a 4-month range on Bitcoin
The closest parallel we can draw is to that of the range of May 2021 where we also came off a parabolic rally of BTC and alts
$50B+ of crypto leverage here is similarly at near an ATH (chart does not include CME which is higher), but compounded by the fact that in this scenario we have ranged even longer (18 weeks vs 13), and we have not had extreme washouts yet while we had a few in the middle of the 2020-2021 bull market
It's likely that my initial estimates of low $50ks were too conservative and we see a more extreme reset to $40ks. Such an pullback would be quite damaging to the market and likely require a few months of chop/downtrend (recovery period) before a reversal of an upward trend would be possible


Andrew Kang@Rewkang
Study May 2021
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@Bluntz_Capital How high do you think we can go in this cycle, after coming down to $1?
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$WIF macro video update i shared with members earlier
Bluntz@Bluntz_Capital
i think the macro 5 up from inception on $WIF might be done here, all waves accounted for and a long drawn out abc probs underway before the next parabolic leg. looking to probs rebuy my bags down around $1-$2 in between the 618 and 0.78
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@Gawif_Solway Very strong downtrend until solana make a reverse. Next stop for wif is 1.5
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