Moonbags Markets

For those still following, the recent uptrend was wiped out and price pretty much fell back in line with expectations with a weekly decline, ie I told you so (jk) However, we're getting close to a bullish daily reversal A few green days will probably print it Weekly still in major declining phase but a daily reversal should give a bounce for a few weeks if it plays out Still on track for weekly reversal to happen some time in December

My preliminary thesis going forward is chop around the wick low area for over a month at least

There are months where nothing happens and there are seconds where months happen Today is one of those days where the latter is the case All the anxieties and fears that were festering in the background expressed into reality in one massive implosion We have seen this shit before, and it will happen again. It is a cautionary tale that extreme risk taking should only be done in small sizes because it can happen at any time no matter how well it is planned for Hope that you are safe, probably best off avoiding the market now for a little while as things digest the events of this day

ONE OF THE LARGEST LIQUIDATION EVENT $10 BILLION LIQUIDATED IN CRYPTO POSTIONS

The market will discard what it deems worthless and reward the faithful of the chosen

Crypto is a test of resilience, in both mind and soul

Entire bear market in less than a few hours. Congrats.

Nice try CZ, but thesis remains intact

This thesis is likely invalidated if we reclaim 120k and hold

Market kind of showing it's hand now It's exceedingly likely now we are gonna go into a chopping bleed until Q4 The good news is, the weekly downtrend is about half way over on average

Market has played along well with this thesis

There is no VIP group, stop falling for scammers

Goodalexander post, must watch I know he has a habit of deleting every post so here is the video