Reaching the critical zone. Will need a lot of spot buying to break up

There is reason to remain hopeful. Reaction hasn‘t been as bad

We are trying

All resistances broken. Need to stay above now and stabilize. If we do, 83 and 85k should be the next ones. Eventually 89-90k which is the final target to flip bullish completely.

I do no like that shooting star on the daily.

I would like to see a green daily close today. If we close red, a correction is likely.

GAMESTOP CEO BANNED FROM EBAY AFTER TAKEOVER STUNT

GameStop CEO Ryan Cohen was suspended from eBay after using the platform to promote GameStop’s controversial $56 billion bid to buy the company.

Cohen listed collectibles tied to the takeover proposal, with some attracting bids worth thousands of dollars. The move came days after GameStop launched its unsolicited offer despite being worth far less than eBay.

The bid has sparked criticism from investors and analysts over financing concerns and heavy debt risks. eBay’s board is expected to review the proposal this week, while investors watch to see whether Cohen escalates his campaign further.
(@WalterBloomberg)

Yes, short-term bearish unless we reclaim 80k on a daily

JUST IN: BlackRock to launch tokenized money-market funds on Ethereum.

@WatcherGuru

This and x money or whatever they gonna call it is the best chance for us to get a bull market in crypto

The market moves in the right direction but people will only wake up when the price pumps. It is always like that

With SPX yet again pumping another 1%, bears don‘t get big rooms to breathe.

Funding yet negative again.

🤞🤞🤞

„The ratio of up-day realized volatility to down-day realized volatility on the Nasdaq 100 has surged to 7x, the highest EVER.

This simply means the index is moving 7 TIMES more violently on up days than on down days.

Nobody owned enough upside exposure going into this rally, and now investors who were underweight or effectively short are being forced to purchase call options to catch up, driving extreme one-sided upside moves.

Furthermore, leveraged ETF rebalancing flows generated +$118 billion in forced equity purchases over the last month, with ~$20 billion in a single Wednesday's session, amplifying every move higher.

The positioning underneath this rally is becoming dangerously unstable, with leverage and options exposure accumulating to levels that risk collapsing under their own weight.

When nobody owns downside protection, and everyone is chasing upside, what comes next?“

Gonna be interesting the next weeks

I think this is also a possibility

Stock wise, this is my ultimate target which I have been occasionally showing the past year.
Log scale monthly.

As soon as we hit the top channel, I will start to heavily leave the market.