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Sykodelic 🔪
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Crypto Bros: "We're never getting another
alt
szn bro... no one is gonna buy alts. BTC.D to 70% bro honestly
ETH
is dead"
The OTHERS chart:
#BTC
#ETH
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ETH
2,672.4
+4.28%
9
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Sykodelic 🔪
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"Bro this good news cant even pumps us bro... why is price down bro" Let me help you understand something bros. This is called a "Darth Maul" candle. It almost always happens around very bearish/bullish announcements. What it shows us is volatility and liquidations. Why does this happen? Because NPCs see a positive announcement and hit max 100x long. "Article sed sumfing gud so price must be up up" No. If it were as easy as seeing something bullish and pressing 100x long with price sending for days on end with zero pullbacks, giving every one a nice entry to make $100k... We would all be millionaires in a week. But that is not how this game works guys. This game beats you by misleading you into a false sense of security and then destroying you. Whatever seems obvious, is not. When you see a mega bullish announcement, shorting the initial spike might seem silly, but thats why it works. It is paradoxical and that is why the majority always lose. So why do we get the Darth Maul? 1. Positive announcement happens 2. Price pumps as NPCs hit max 100x long plz 3. Market makers liquidate them with ease 4. Price drops and NPCs are confuzzled 5. Traders then enter shorts cos they've figured it outtttt 6. Market makers liquidate them also 7. Price pumps again After this is over, the price almost always continues in the trend it was already in, or the direction in which the announcement was favouring. Note: This daily candle hasn't closed I just wanted to use it for educational purposes. So there you go bros... Thats why price does not insta pump to $1m dollars a BTC.
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A few months ago I was called a scammer for sharing that I had bought $PRIVIX and then the price had gone down. Apparently, I had scammed community and dumped my bags on them. Little do these fools know I never sold a token, and I am now over 2x up on my overall buys. And so are my community! HAHA. What an incredible recovery from $PRIVIX here. When I first saw it I realised how much potential it had, but the market turned against us and new launches suffered the most. However, team never stopped building and recovered all the way down from $200k. Super impressive stuff. Expecting a little consolidation here, but much much higher soon. Projects like this that had to go through extreme adversity, and up up recovering with strength... Go on to do very very well.
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This is a HUGE lineup. I haven't seen much buzz about this on X at all, but we have the BTC Conference tomorrow in Las Vegas. Initially I was thinking we would pump into this event, maybe $115k - $120k, then dump after in a sell the new style way. But the way the price action has been over the last 5 days I am now leading towards us getting a pump out of this event. It's highly possible, with high level Government speakers like: - JD Vance(Vice President of USA) - Cynthia Lummis(Very pro BTC US Senator) - David Sacks(USA AI + Crypto Czar) That we get some alpha announced tomorrow that we are not yet aware of. I'll be watching this for sure.
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This is the most insane chart right now. What we have pictured is: 1- Bitcoin price and each break higher marked 2- The aggregated premium rate when the price breaks higher Firstly, aggregated premium is the collective value of CEXs and whether short are paying longs more, or longs are paying shorts more. When its red, this signifies there is a more bearish sentiment and shorts are favoured, and vice versa for green. The interesting fact here is that this is the only breakout btc has had within this bull run where market participants are still actively bearish and shorting. This is incredibly bullish because, regardless as to how a breakout starts, it always end with heavily green premium. The more green candles the more longs. So what does this tell us? It tells us that this breakout has a very long way to push before it reaches euphoric levels. Premium being red shows us the disbelief in this pump, which is absolutely ideal for higher. LTF, dips will always happen... But HTF, it is undeniable where we are in the cycle... Right before the final parabola phase. With almost everyone in disbelief. Perfect.
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It is absolutely baffling to me. We just broke ATHs whilst currently putting in a lovely retest... And the timeline is bearish af. In addition to this extremely bullish PA we have: - A Golden cross - Funding almost negative(favouring shorts) - Very high Open Interest - Long term holders buying and short term selling What does this tell us? That the vast majority are bearish whilst the PA is insanely bullish. This means two things: 1: We are going to get volatility, very likely a short squeeze 2: We have nowhere near topped out At tops, funding is ridiculously high because market participants are max longing everything because everyone is bullish af. The fact that this is not happening, and that after every single tiny drop shit loads of bears come out... Tells us we are nowhere near the top. Do not beware when all you see are top callers. Beware when you do not see any.
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