After a market crash, an aggressive next-day bounce is vital. That’s how you know if a bottom is likely in or not.
When the bounce is weak, on the subsequent pullback, traders who longed the blood will puke it all back.
When the bounce is strong, on the subsequent pullback, dip-buyers and FOMO-longs are more likely to dominate.
So the strength of the bounce dictates whether the market views the dip as a trap or an opportunity.
This is Reflexivity in action.
@MatrixMysteries Now include what car she drives, what iPhone she has, how much she goes out to eat, and where she lives. Is it harder to be successful and buy a home YES. But it's not impossible if you make sacrafices for 3 to 5 years. Save, invest, side hustle, and can achieve it.
“I’m a registered nurse. Zero debt. An 808 credit score. I did EVERYTHING right.”
She followed every rule — school, career, perfect credit — and STILL can’t afford a mortgage.
My wife woke up yesterday jumping from excitement
She just received a job offer from Google
"Babe, they want to pay me $300k, $100k base plus $200k in stock options" she said
I sat down and held her hand
"Sweetheart, that means they are offering you just $100k"
"No look, it says total compensation is $300k"
I gently closed her laptop
"Stock options are imaginary money, it's a well known American scam, it's not real" I said
"But I could just sell them for cash?" she asked
I tried not to laugh, women can be so naive sometimes
"That's not how stocks work. Who told you this?"
She said her recruiter explained it
I sighed. Of course. An American filled her head with nonsense
"Baby, American stocks are worthless, it's imaginary shares from an imaginary company"
"But it's such a good offer" she started crying
"I know, baby" I hugged her, and right there I knew I needed to act
It's my job as a husband to shield her from American predators
Later I emailed the recruiter and declined on her behalf
I explained that my wife is not interested in fantasy compensation from a failing company
We are European. We don't fall for American tricks
She will keep her job at SAP making €43,000 a year, which puts her above most women in Germany
Feels good knowing I protected our future
@Nstr_tj Last time we saw a similar set up (March/april 22), btc stayed at that price range for about a week while eth and sol continued running a little higher. Let's see if the same pattern repeats.
SOL to $175
After what we've been through the last months it seems so far away but you just need 1-2 weeks of bullish price action in crypto to see something like that happen
Majors moved well today.
Solana is still the technically superior chain, with the highest probability of mass adoption among its competitors
I have bought some at this level (spot only) and will monitor closely