Crypto "NOT A FINANCIAL ADVICE" Buying The Bloody Dip

To keep this straight forward, let's refer to the above BTC chart (weekly candle). It was "unprecedented" to go below previous all time high, yet it happened in the summer. Now that very level of "support" is broken in very high volume.

If we breakthrough $16,500 level decisively (we are hanging there at the moment), watch out below, this is going to be another unprecedented event and history in the making. We will all be asking the question, how low? Forget about technical analysis or any charting, they won't help you and all technical analysts have been wishy washy anyways.

Now, pay close attention to the inflation number tomorrow at 8:30AM EST. It could make or break the market, again. Markets are connected, and liquidity is already in short supply, FTX event does not help the confidence in the crypto market at all.

If you are full of liquidity, good for you! You must be very happy.

My only "not a financial advice" is to stay disciplined. This is not the time to go all in. But what do I know, do whatever you like.

I have added HIVE for the last monthly power up, bought at around the "fair price" of 48 cents. Yesterday again at 39 cents thinking this could just be a knee jerking event, now it's already below 33 cents.

The important thing right now, is to keep some powder dry, as cheap can get cheaper, and market can stay irrational longer than you can stay solvent - don't leverage if you don't want to get wiped out.

You would be glad if we were presented with an even more unimaginable bargain, and maybe yet another even better bargain.

Welcome to the bear market, this is where money change hands.