I think there may be another shoulder forming on $SPY soon (~1 year), and then a dip down to the PARTY ZONE in the near future.
I'm not holding any SPY.
Just charting it for fun.
I'll leave this pinned until the pattern is either validated or invalidated.
Idiots calling for a $200 ETH as the market forms its bottom will be studied for years to come. And you better believe that when the time is right, these bufoons will be called out.
I do not trust this rally. Not one bit.
I don't even care that i was unable to buy the big-ass, dumb-ass dip, because I know we'll see those prices again, and much lower.
Fk crypto, fk the lying shills, and fk this fake-ass rally.
If alien asked me to summarize humanity for them, I'd type a phrase into the search bar on X and show them account after account all copying each other's posts word for word, for likes.
Then, I'd show them numerous examples of the complete enshitification of everything.
What if a group of people did a DCA Relay strategy? Meaning the first person adds to their position on every major dip, until they reach a point where they have no more money to invest. Then the next person keps buying the dip >> dip >> dip. Then the next person.
Continued below
And then, after rhe bull market, when they have all scaled out of their positions, they distribute the profits among each participant evenly.
Taxes would need to be taken into consideration too.
Would this even be legal?
It's just a thought exercise.
Not suggestion, not plan.
"This time is different" because crypto is actually done.
They're not going to stop manipulating it down until I've completely given up.
And I'm not selling, so, I guess I'll see you all at $0.
I can see why no one wants to buy crypto right now. Who in their right mind would be like "Yo lemme just buy this thing that only goes sideways and down"?
But consider that no one wanted to buy Pokémon cards a few months ago either. Not on this scale, anyway.
Pokémon is having it's little 30 yr anniversary mania, and that will come to an end. People who have foresight could have easily seen that coming and prepared while no one else was paying attention.
I feel that a 1 billion mkt cap for $DOGINME is a fairly conservative bar to set, in an environment where liquidity flows into altcoins on a mass scale.
However, such an environment may never materialize again. That is a distinct possibility which mustn't be overlooked.
Just to keep my outlook fair and balanced. I won't assume that crypto will ever actually be "back".
It could in fact be "dead", as they say.
...But I hope it's not. 😏
I hate when I'm trying to get a read on X market sentiment, and all I see is scammers inviting me to their dumb-ass Telegram group.
It acts as a big smoke screen, and it's not cool.
Oh, the CLARITY ACT!? You mean that thing that's not even guaranteed to be a bullish catalyst? You mean that thing that we've been teased with for how long now? 19 months?
It's like the "free beer tomorrow" sign of the crypto world.
Everyone please shut the hell up about it.
One thing about $FYNN though:
It didn't stay at 5 zeroes for very long this time. It seems to be forming a higher base at four zeroes (lol).
And with only 148m shares on the Ask. (🤣🤣)
I bought a milly more $DOGINME just a few min ago. That mf TOO cheap, TOO undervalued (IMO).
'Course, I bean goin' hard asf since JUL2023, and I have to admit, I am worn tf out, beaten tf down.
I just can't do it anymore.
I can't live like that forever.
I'm going to increase my quality of life a little bit, and focus on paying off my debt.
I'm not saying I'm totally done accumulating my positions, but I'm going to have to scale it way, way back. Like buying 1m $DOGINME (or some other such memecoin) per month, and that's it.