THE NEXT STAGE OF CRYPTO FOMO IS UPON US

 

“After the FOMO, comes the reality of accounts shatting the bed!!”

Now comes the “interesting” part of FOMO … open trap door after sucking ‘em in,

and watch the horror unfold for 0 - 120 seconds, where “Deer in headlights” and

account destruction go hand in hand … and that “protective” stop every book

tells you you gotta have, sees your fill at the bottom … GUARANTEED! … SURE,

you wanted to know about FOMO, but here it is “up close & personal”! … at least

so far, as the sun rises over Biden’s Gulag [a/k/a New York], it’s the same old shit

different day … Asia and early Europe SCREAMS in crypto, and then as the early

birds hit their Wall Street terminals, everything dies … unreal, but who’s

surprised anymore with anything crypto does or doesn’t do?

And just in case readers think I’m losing my mind, I direct your attention to the

ZH link below.

https://www.zerohedge.com/the-market-ear/bitcoin-has-never-happened

We’ve gone from NADA to “It’s never happened before” in basically 4 weeks

… and by extension, ETH is in this ballpark as well, not just BTC … it’s

“The Twilight Zone” meets “Wacko World”, and what shoe drops next out of

the blue and blindsides traders? … maybe nothing, maybe everything!, who

knows? … whether it’s today, tomorrow, or next week, crypto has a date with

a nasty ass “Thelma & Louise” coming soon … I refuse to believe institutions

are dumb enough on the collective level to keep FOMO-ing when both are so

overbought it’s record breaking in its scope … and given crypto can be crypto,

the sell stops in play will be considered genocide when its all said and done

… taking the algorithm into consideration then, RM levels on both m1 & m15

have to be on RM=3 & RM=4, and expect RM=4 to see more than their share of

price than in the past … the potential for “ugly” has a higher probability than

anything we’ve seen in the past.

Here’s the m1 up to about NOON EST.

click on chart to enlarge

On the ETH m1 I have 1) RM levels 2 & 3, 2) ZERO LAG MA, period 11, using EMA,

and below the chart 3) MACD of 8,15,8 with the SMA 8 line eliminated and only the

histogram … this replaces the 2 ZLMAs that were on the m1, and gives a cleaner

chart and easier signal to read. What I want for a long scalp, is for the m15 to

either hit RM=3 [orange line] or RM=4 [red line], OR on the m1 to see a spike

down to the same, OR see the ZLMA on both the m15 and m1 both WHITE in

color [up slope] … THIS LAST OPTION WILL SEE THE HISTOGRAM MOVE

HIGHER, WITH THE BEST TRADES WHEN IT’S AT OR OVER THE “0” YELLOW

LINE.

A tale of two cities for today … Asia & early Europe with good 2-way action,

and New York sucks, with most of the day on the downside … Still, both BTC &

ETH is sharply higher, and to say this shit needs a rest is a supreme

understatement … the first wave of stops off the top have been hit, but we need

to see some more damage, especially coming from the Asian & European

session, where most of the gains have come … it feels like that’s starting, but

remember tops are “processes” and bottoms are “events” … we could very

easily be in store for some very wide chop conditions over the next weeks … we’ll

see … only one trade for the PAMM today in ETH … WE’RE UP SLIGHTLY

… onto tomorrow.

… OUTTA HERE … “The future’s so bright I need 2 pairs of sunglasses 😎😎,

and my own Brinks armored truck” 💓!! … Onward & Upward!!

-vegas