$JCT dropped 39 points in a day, and people in the group have already started chanting.
That spike down to 0.001536 bounced back to 0.001827, with trading volume at 56.9M—note that this was a recovery after a high-volume sell-off, not a slow bleed. A slow bleed is what kills you; a sharp, high-volume drop is often just a leverage shakeout.
I’ve been watching the 0.00153 level closely all day. If it breaks, the story’s over—I’ve got nothing to say. But if it holds, then we’re looking at a double-bottom scenario, and the weekly chart still has some life in it.
Most of the people shouting that it’s going to zero probably bought in above 0.003. That’s emotion, not analysis.
BTC hasn’t collapsed, but the small caps are already going weak at the knees. I’ve seen this setup plenty of times. True lows never form amid cheers; they quietly get hammered out amid the jeers...
0.00153. That’s the one number that matters. Everything else is noise.
That spike down to 0.001536 bounced back to 0.001827, with trading volume at 56.9M—note that this was a recovery after a high-volume sell-off, not a slow bleed. A slow bleed is what kills you; a sharp, high-volume drop is often just a leverage shakeout.
I’ve been watching the 0.00153 level closely all day. If it breaks, the story’s over—I’ve got nothing to say. But if it holds, then we’re looking at a double-bottom scenario, and the weekly chart still has some life in it.
Most of the people shouting that it’s going to zero probably bought in above 0.003. That’s emotion, not analysis.
BTC hasn’t collapsed, but the small caps are already going weak at the knees. I’ve seen this setup plenty of times. True lows never form amid cheers; they quietly get hammered out amid the jeers...
0.00153. That’s the one number that matters. Everything else is noise.