I had to give up on a few spot positions in crypto this week. This dump ruined some good setups. DOGE was a high conviction play for me. Yes, there is a bearish divergence. But have a look at the weekly chart. Did we really have a markup phase to distribute here? It makes little sense to me. Still think DOGE might be in a sophisticated SOS phase. So my position in crypto consists of mostly DOGE now. Not ruling out any possibilities but DOGE is still OK.
코멘트:
Al thiis for what? Makes very little sense to break down.
코멘트:
DOGE is like the home all this memecoin mania to return and settle. We make a good run for history and be done with this. It's not just TA, it's narrative, it's the end of an era, it's the death of all other narratives.
코멘트:
I am net short on crypto. Had to sell some DOGE too. Not looking good.
코멘트:
Still the best if you ask me BUT if it goes below this, it's a significant red flag.
코멘트:
Time to show the strength is right now actually. But I wouldn't beat myself if it can't.
코멘트:
Because showing strength today would be like “Fuck all your narratives, fears and hopes. I’m the reality of crypto.”
코멘트:
Yeah I think DOGE follows this terrible PA of the general market. Be careful about it.
코멘트:
Some people keep believing ETHBTC indicates alt season. That was my idea too, a few weeks ago. But I see that chart as a failed bottom as of now. That can change and you can adapt. But this level of games and volatility... Sometimes you have to let it go. Until it comes your way. Or you just adapt.
코멘트:
I haven't bought back the part I sold. Still net short. Distanced myself from crypto. The current state is confusing to me.
코멘트:
Yeah sold the rest. You buy when there is blood on the streets? I mean organized life on earth is at stake mfer. That's another meme. Fuck the memes.