PetaBuoy
6.5K posts

PetaBuoy
@ProfPetaBuoy
Participant in High Risk Innovation-Ecosystems "Opinions Are My Own - Not Financial Investment Advice"




BTC RSI dips near 20 for only the second time since 2023 (last seen in 2022 during the bear market). Historically, such oversold levels often precede strong moves. Expecting a potential pump next week or first week December — the strength of that move will determine whether we’re heading for new highs or 'not just bear trap but a potential bear confirmation'.

😱Extreme Fear hits 16 💭For context - it was 15 back in March this year (lowest of this cycle), and the previous low was 7 in June 2022. So, what’s likely next? 👉 Either we bounce for a year-end rally 👉 Or this cycle is ............! Thoughts?



Applying sensemaking perspective (Drwen, 1988): Lens - Social context; Lost identity. What won't hold 102k won't hold 98k either - empirically tenuous. Next comes 95k; but highly theorized arguments allude to a 30% drawdown being normal - so why not 88k? 88k is structurally insufficient to recalibrate market. Next support 76k? i.e., -40% from ATH - leaving far higher capital influx to achieve the socially-constructed target of 140k this cycle. Would roles reverberate as much? Sum-up, any breach below the 102k likely present a regime of nonlinear and chaotic dynamics until next Bear lows. Drwen, 1988 - applied!



BREAKING: Eric Trump says Q4 will be "unbelievable" for your crypto bags.















