My nightmare is playing out exactly as I saw it. BTC just broke below $82,000.
The bleeding has started. The $82K support was the line in the sand, and now it's gone. Over-leveraged longs are getting liquidated. The next major liquidity zone is the $78,000 level.
And $TAO? Same script. It rejected hard at $341 and is now bleeding down to $279. In my dream, it wicked all the way to $40. I'm not saying we get there tomorrow, but the path of least resistance is clearly down. The AI narrative can't save you when the whole market is dumping.
I'm shorting every bounce. Stop loss above $84,000 on BTC and above $300 on TAO. Targets: $78,000 and $200 respectively.
Do not try to catch this falling knife. The storm is just beginning. 🐻
$TAO $BTC
The bleeding has started. The $82K support was the line in the sand, and now it's gone. Over-leveraged longs are getting liquidated. The next major liquidity zone is the $78,000 level.
And $TAO? Same script. It rejected hard at $341 and is now bleeding down to $279. In my dream, it wicked all the way to $40. I'm not saying we get there tomorrow, but the path of least resistance is clearly down. The AI narrative can't save you when the whole market is dumping.
I'm shorting every bounce. Stop loss above $84,000 on BTC and above $300 on TAO. Targets: $78,000 and $200 respectively.
Do not try to catch this falling knife. The storm is just beginning. 🐻
$TAO $BTC