The market is consolidating btw 2840 - 2760. Shorts are still in controls IMHO. They wait for a target. The consolidation is bearish as we can see. Lower highs. Lower lows. Guess the market is going to make a lower low. Shorts will take profits. Buyer will be dominant. Around 2680. Simple range extension.
Shoot me if I'm wrong, but I believe circuit breakers kick in at 7 % down. However, during ETH, it's 5 % up/down. I mentioned 5 % down, but not as a limit down. That happens first at 7 %.
Wouldn't surprise me to see a double circuit breaker day if we break 2680 today. The fear out there is insane . If we collapse to 2300-2500 i'll start scaling 7 figs to hold for a yr or so. Ladies and Gents were in uncharted mental territory here.
I'd either make so much money that i'd party hard and die of a massive drugs overdose within 6 months, or i'd lose a lot of money and kill myself. Either way i'm dying.
This is the PA / Vol we had in the late 90’s.. It was a license to print money... my trading buddies were flush with coke and hookers... I was one of the few “fools” that bought real estate instead... they thought it was going to last forever.... don’t get me wrong.. I did enjoy myself immensely!
Dozu's pro boys and the floor building team are trying hard to put in a bottom here. Shouldn't trade much above 65-70 if we are to trade lower by today's Close, IMO. We're down nearly 5 % on the day, so this might be it for today. My hunch is however that this LOD ain't going to hold.