Long

You can still make money in doom mode

Updated

I've been in doom mode for crypto for the last weeks and shared that I was losing conviction even on dog coins that have been my main focus. Often I emphasize that this is all gambling so never recommend taking too much risk on these.

So with this in mind, I share where I'd be interested to bet on WIF again. First time I share an idea before I buy WIF. So this means ~$1.4 is a level I'd pay attention.

So IF it goes there, and then IF it looks like bottoming there, I'd be interested.

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I believe ETH goes below 2500, BTC goes below 55 before a significant bounce. Then we'll watch. Even new highs possible after that but personally I'll probably never leave doom mode.

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Bear markets make no one rich. So it doesn't benefit me but it is what it is. I'd say take very little risk with crypto market and only play for bounces from now on. Early in the distributions bounces bounce higher than you think, dumps dump lower than you think.

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Think it topped or about to. Healthy reversals don't work like this.

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I think WIF bottom will be marked by a huge sell volume on Binance futures.

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So many bad things together for WIF.

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Plus the super sticky diagonal. It is just soo bad.

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I can now apply my HAT TA without inverting the chart :D Big hat.

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Yeah I'm short WIF but I hesitate to say it :D Shorting something like WIF is insane. But it's just so good as a setup. Small position to satisfy gambling addiction.

mitsandwits

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