These days, just mention U.S. stocks in the group chat and it sets things off.
I’m sitting by the water. Every time the float twitches, I think I’ve got a bite, but when I lift the rod, it’s just another notification. I turned bearish back around 869. I got the direction right, actually—the mistake was spending every day afterward fishing around everywhere. “If you don’t work hard while you’re young, you’ll regret it when you’re old.” Usually I’d say that as a joke, but
after staring at the order book all day, I finally got it: it wasn’t that I read it wrong; it was that I didn’t stick around.
There are really only two ways this can go, and either way, it makes no difference to me: the rebound belongs to someone else, and so does the bottom.
1｜Hold above 75 first
If U.S. stocks rebound tonight, or simply stabilize, we’ll follow with a recovery bounce here. Then there’s no need to rush—we can wait for U.S. stocks to fall a second time before finishing the move we need to make.
The rhythm is “hold up for a bit, bounce a bit, then drop again.” It’s the most agonizing, and also feels most like an opportunity left for those who are still in the market.
2｜U.S. stocks keep weakening tonight
The funds keeping the price above 75 will make a run for it first. Then the market makers will follow suit. Once buying dries up, there’ll be little to cushion the fall, and we’ll go straight into a second bottom test. This basically means heading for the bottom, with no chance to get in along the way—and no chance to regret it halfway through, either.
Put simply, I’m out of the picture either way: I got 869 right, but I missed 75.
So, have you all got your ammo ready to buy the dip? I haven’t got any ammo ready, but I’ve mixed up a whole bowl of bait… The float’s gone under again. This time, I hope it’s not U.S. stocks. $BTC #BTC
I’m sitting by the water. Every time the float twitches, I think I’ve got a bite, but when I lift the rod, it’s just another notification. I turned bearish back around 869. I got the direction right, actually—the mistake was spending every day afterward fishing around everywhere. “If you don’t work hard while you’re young, you’ll regret it when you’re old.” Usually I’d say that as a joke, but
after staring at the order book all day, I finally got it: it wasn’t that I read it wrong; it was that I didn’t stick around.
There are really only two ways this can go, and either way, it makes no difference to me: the rebound belongs to someone else, and so does the bottom.
1｜Hold above 75 first
If U.S. stocks rebound tonight, or simply stabilize, we’ll follow with a recovery bounce here. Then there’s no need to rush—we can wait for U.S. stocks to fall a second time before finishing the move we need to make.
The rhythm is “hold up for a bit, bounce a bit, then drop again.” It’s the most agonizing, and also feels most like an opportunity left for those who are still in the market.
2｜U.S. stocks keep weakening tonight
The funds keeping the price above 75 will make a run for it first. Then the market makers will follow suit. Once buying dries up, there’ll be little to cushion the fall, and we’ll go straight into a second bottom test. This basically means heading for the bottom, with no chance to get in along the way—and no chance to regret it halfway through, either.
Put simply, I’m out of the picture either way: I got 869 right, but I missed 75.
So, have you all got your ammo ready to buy the dip? I haven’t got any ammo ready, but I’ve mixed up a whole bowl of bait… The float’s gone under again. This time, I hope it’s not U.S. stocks. $BTC #BTC
