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Degens Deteriorating
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While middle east is lightling up,

Simultaneously, crypto is booming

Which tbh is sus af

This the real deal?

Or fakeout right before it flips in the opposite direction?

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πŸ‘€4πŸ™1
Only thing lighting up more than the middle east rn

is the liquidations of bears who were shorting

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😁3πŸ‘€2
FWIW, all majors are going up some,

But the boom past local highs seems to be mostly concentrated in $SOL

= returning to highs from 2 weeks ago

whereas the others much less so

= returning to where they were 2 hours ago

What does it mean?

Not sure.

Tonight will finish making my quick backtesting system, to see if it can provide any answers to questions like this…

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πŸ‘€3
Curiously, the $SOL surge started WAY before the $BTC surge

Once again $SOL effectively predicting what $BTC will do next

Pretty weird. Will backtest this more in a bit.

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πŸ‘€3
When market is bearish, $BTC leads $SOL,

When market is bullish, $SOL leads $BTC?

Will have to check if true.

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πŸ‘€4
$SOL hit $149.75, and bounced off, just short of $150

Will it hit $150 tonight?

About to see a massive reversal on war in the middle east news?

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FWIW, SOL/BTC ratio started plummeting before $BTC even started surging, and has continued to plunge

Feels strange

Let’s see

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πŸ‘€2
Chinese stocks suddenly really booming

Likely cause of tonights crypto boom

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$SOL continuing to really struggle to break $150

Been in the $149-$150 range for the past hour, after suddenly shooting up from $145

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πŸ‘€3
Boom, $150 $SOL

Let’s see if it holds

$BTC remaining flat at $63.8k

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πŸ‘€3