Crypto is far is way to frothy and it seems peak euphoria for the time is behind us. Now the slow unwind is beginning which could easily take until 2024. After seeing what happened to etfs like XBI and ARKK testing their double bottom pre 2020 lows this seems like the natural process to clear our the scams and trash. Over the last couple years there has been ongoing crypto scams, shit coins promoted by celebrities, NFT mania, over $100 billion is scam stable coins etc… all this needs to be cleared out.
I will be taking short positions into bounces. Not at the current price. Most likely puts on
MSTR as I believe they could end up in a free fall of bitcoin falls to below their entry price.
I will be taking short positions into bounces. Not at the current price. Most likely puts on
MSTR as I believe they could end up in a free fall of bitcoin falls to below their entry price.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.