June 2nd.
Save the date!
Crystals girls are winning the technical analysis game.
And that's embarrassing.
But if you can't beat them.
Join them.
My long position is now fully in the green.
Volume is in an extremely healthy position.
The Hive/Polycub LP has been jacked up to 140%.
Rune is up 32% in a few days.
I bought 1.2% of all xpolycub for a fraction of what I cashed out at $1.
A buddy of mine also made the same moves as me (also 1.2%).
Stick to the plan.
Going to unwind my long position on June 3rd, the day after retrograde.
I expect to be slightly in the green.
Looking forward to getting out of that ridiculous position I put myself in.
Never increase volatility in a volatile market.
No need to double down on assets that go x2 per year.
Hm, that aged alright.
So yeah, we broke out to the upside of the triangle after a psych-out crash, but also I'm down like over more than $100k than I'm comfortable with :D. Easy come easy go, that's crypt-o.
Still, this is very likely a hardcore local bottom.
We are still under the doubling curve trendline which now sits at $34k.
I expect will be be testing this level as resistance soon, and if we pierce it a short burst of FOMO to $40k before the inevitable retracement.
The market is beginning to realize that they tried to price in a recession like a year before it's gonna happen. Oops. Yeah ya can't do that. Time to fleece the bears. Add to this the fact that LUNA crashed to zero at the same time during this weird retrograde? Truly what a strange series of events.
When it comes to Bitcoin, what goes down must come up.
It's flat out comical how predictable and emotional men are in these financial markets. One day it's gloom and doom and the next everything is all good after a 7% rise in price. Riding that emotional roller coaster and then acting like all the opinions presented during these times are rooted in objective truth. Hilarious.
With the FED talking about backing off this very well could be the bottom of a six month ascent for the crypto market. As a reminder, this comes right in the pocket of 18-months between bull market cycles, the last one being Q4 2020. Don't be surprised when volatility creates more volatility just like it always does.
Conclusion
There is simply just too much going down in crypto land to be bearish. That's the thing about price action isn't it? The more the market dips the more bearish we get, and the more the market spikes up the more bullish we get. Shouldn't it be the exact opposite? Oops. Stop letting fear win. The FOMO/FUD cycles are extracting value from everyone.