this is the last stand for the bulls.
the total crypto market cap is approaching one of the biggest levels we've seen in months,
the moment it taps this level, a major reaction to the upside is expected.
if there is no reaction, then this will be really bad news in the land of crypto, and we will see the ship sink deep.
how deep?
deeper.
--
if we raid the lows for liquidity, it would stop out just about everyone who got into the market down here in this range.
we then could then go ahead and stop out all the shorts, before a real capitulation event comes through.
i'm hedged both ways, and i'm ready for either outcome, but i will say this - i am very bullish in the weeks ahead. i think we see a significant short squeeze.
the total crypto market cap is approaching one of the biggest levels we've seen in months,
the moment it taps this level, a major reaction to the upside is expected.
if there is no reaction, then this will be really bad news in the land of crypto, and we will see the ship sink deep.
how deep?
deeper.
--
if we raid the lows for liquidity, it would stop out just about everyone who got into the market down here in this range.
we then could then go ahead and stop out all the shorts, before a real capitulation event comes through.
i'm hedged both ways, and i'm ready for either outcome, but i will say this - i am very bullish in the weeks ahead. i think we see a significant short squeeze.
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