Fresh Copium
Updated
Bottom's in Boyz!!
Eh Solde?
Wen Lambo?
Yes we're in tightening macro conditions
doesn't mean it's a free ride for bears
If we're indeed in the recession, lows won't come until another year from now
Putin said he's not holding grain from Ukraine on Friday
might see some supply ease
Papa Powell gonna keep us safu
Eh Solde?
Wen Lambo?
Yes we're in tightening macro conditions
doesn't mean it's a free ride for bears
If we're indeed in the recession, lows won't come until another year from now
Putin said he's not holding grain from Ukraine on Friday
might see some supply ease
Papa Powell gonna keep us safu
Note
the chart shows similar profile on the fed drop 05/22 to the china drop 05/21 not including the general bear trend we're in from the top in November 2021an identical 618 retracement aligned with the trend could land us in 36k territory by end of july (just in time for 2nd quarter GDP reading - signaling potential top)
Note
FED put up a positive GDP rumor so we can pump to sell the newsTrade active
the conclusion of this trade is possibly coming up,there is a good chance we have just topped out prematurely on the weakest bear rally of crypto history with alts/eth taking the majority of liquidity and preventing a clear 28k-34k breakout
thats why for the conclusion of this trade I will be using a combined market cap chart for the structure as follows
green cross = lambo moon
red cross = rally is over :(
Note
we held the red line perfectly (check i didn't move it :D)and appear too be breaking out of green as btc sets up for ema golden cross on daily
im still holding out for a massive squeeze on btc supported by golden cross and btc.d bounce from the 40% levels (as usual)
but...i have to acknowledge that many bear rally targets have been achieved (esp on top alts and primarily on SPY) and unless we keep pushing into the squeeze *soon* we might lose the momentum
here are my new stops in blue for the hopium addicts like myself with the full readiness that 70% chance this rally ends very soon (but the 30% chance of pump is too great a reward to give up on)
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