study my sophisticated technical analysis

Okay, enough shitposting. Now that this seems like it could be playing out, it's time to think about where I might be interested in trying to get long. This isn't a permabear account. Let's go. 🧵👇

52k is the first level of support that isn’t air (actual volume traded there) and is confluent with D200 EMA. Seems like a good spot. 55k might be round number support but I wouldn’t blindly bid it.

I will bid 52k for a bounce but I don’t think it will mark the bottom. ETF holders bought the top - now it’s time to test them.

They will long every consolidation the whole way down. After all, wouldn’t want to miss out on the bottom and generational wealth.

retarded bulls calling this "low volatility chop" lmeow

$SOL $90-100 will be a nice buy if we get the chance. These round $1/$10/$100 levels usually give good reactions on the first test (see the reaction at $2 on WIF for example).

Still think short is the better r:r trade here, even though BTC is showing some strength here. Flip the horizontal, h4 200 ema and the diagonal and I’ll change bias. Until then, bias is down. I’m ok with being “late” if necessary.

The horizontal level has been reclaimed and we're now battling the H4 200 EMA. I'm interested in finding longs on pullbacks into the H4 trend (currently around 62k). Will likely wait for Monday rather than taking any trades on the weekend.

Patience. I maintain complete faith the time will come.

Finally all the ETH bulls capitulating. ETHBTC lows before EOY. In general, buy alts that don’t take out 2023 lows and ride off into 2025. My base case is that good alts outperform BTC next year. But if we get a multi-year slowdown in the economy then all bets are off.

If you’ve studied early pa on successful memes a large correction in $goat should not have come as a surprise. I’ll be bidding $80-150 million. I have no edge in memes so no idea if this one survives or not, but I expect we will at least get another run at $500 million.

The next 6-12 months are gonna be wild. If you haven’t loaded your spot bags and trained your do nothing muscle, now is not a bad time to start.