billو retweeted
once $PRVX starts dumping, which it inevitably will, and if people continue to sell their other coins trying to catch the falling knife, while profit takers withdraw their dineros off the chain and don't rotate back, we could see new all time lows for PulseChain.
vicious circle
billو retweeted
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billو retweeted
Imagine you're trying to escape any of the places recently bombed
You have the choice of taking heavy gold with you making your journey much harder and much more dangerous
Or simply remember a bunch of words/have a note with your seed phrase
One of these is infinitely better
billو retweeted
price action is driven by habitual, repetitive behavior rather than pure rational calculation.
PulseChain is currently witnessing the consequences.
the market has been conditioned to sell artificial pumps and once that behavior is „learned“, it is extremely hard to un-learn without a violent reversal/ a very obvious defender stepping in (consistently).
to break that behavioral pattern, the move needs to go far longer and higher than anticipated.
Ya'll keep saying you want @RichardHeartWin to pump Pulsechain, yet every time he does all you pussies do is sell
Hopefully he teaches you all a lesson.
billو retweeted
common misunderstanding.
a lot of people see extreme bearish sentiment and immediately think „that‘s the bottom“ but:
markets don’t bottom SIMPLY because sentiment is terrible.
they bottom when the selling is exhausted and buyers finally have a reason and a chance to take the lead.
extreme negative sentiment only tells you that risk/reward is asymmetric [most of the downside is already priced in],
but price action [+ positive catalyst] tell you when it’s time.
billو retweeted
i’ve seen some tweets saying it would have been a mistake if Richard Heart had already started deploying the PulseChain sacrifice funds;
here is a different take, from a market psychological point of view ✍️
he should have actively used the SAC funds to defend the price.
not by rage dumping everything into one massive pump, but by buying gradually at key support levels to prevent lower lows.
the way it actually played out, traders
were able to keep buying back cheaper after every sell off, which basically TRAINED the market to keep „shorting“ and wait for even LOWER entries.
once that behavior is „learned“, it is extremely hard to un-learn WITHOUT a violent reversal / a very obvious defender stepping in. we are currently witnessing the consequences.
strategic, gradual buying at important levels would likely have created a floor and broken the endless “BUY THE DIP, SELL THE RIP” cycle because of the „danger“ of getting „priced out“ and being FORCED to buy back HIGHER.
but now, RH might actually created even more future sellers.
many people could be just waiting for a decent bounce so they can get out with smaller losses or at break even.
it is not about „making 10,20,50x” anymore, it is about damage control.
and that kind of sentiment could have been prevented imo [at least to a certain extent].
billو retweeted
Ethereum outperformance is already underway.
what your favorite KOLs are telling you now already started becoming clear back in late august.
personally, i would’ve preferred to see one final push higher in Bitcoin before BTC.D keeps falling, and i still think BTC could hit new ATHs in the coming months [lower probability tho], but it won‘t lead the market anymore like it used to over the last 3 years.
many are celebrating the drop in BTC.D, but personally, i’m not sure if that’s truly bullish.
if BTC.D continues to fall, it would mean that BTC has completed its impulsive move and distribution has already started (that’s what it looks like currently). BTC could still reach slightly higher new ATHs, but it’s no longer leading – then the top would be closer than many think.
personally, I’d prefer to see one more leg up on BTC to 150-180k with RISING BTC.D before the altcoin season begins.
billو retweeted
the PulseChain community has been placed in a lovely position
• low-liquidity environment
• core coins at / close to all time lows
• and now the upcoming launch of another token, which will most likely suck even more liquidity out of the already existing tokens.
unless you want to sell at ATLs + eat a good amount of slippage, you‘re trapped and forced to hold through that event.
a choice between pestilence and cholera
billو retweeted
for me, these are the MAJOR levels for #PulseChain
sub 0.000022 F*CKED (current price)
sub 0.00004 BEARISH
between 0.00004- 0.00006 NEUTRAL
above 0.00006 it starts to get INTERESTING
sustainable reclaim of 0.000098- 0.0001, then we PUMP
very long way to go
billو retweeted
$BTC
in case of an initial rejection here at 92/93k, i would look for a small pullback towards 86-88k and then the next move towards 99k.
teapawt.org/smiley69_btc/status/19…
Bitcoin is now trading above 86k again.
however, the key area to reclaim is 92/93k.
if BTC rips straight through it, the drop to 80k would only look like a deviation; wouldn’t surprise me tho, if we get some chop below first.
teapawt.org/smiley69_btc/status/19…
billو retweeted
the price exceeds narrative.
Richie has been bull-posting for quite a while now, but #PulseChain hasn’t really caught a significant bid yet; most of the recent upswing was thanks to ETH’s performance (apart from the fake pump caused by the supposedly bridged-in parts of the SAC funds).
the real fun starts once the price supports narrative;
but we’re not there yet.
billو retweeted
keep selling your #PulseChain internet coins right into the lows- what could go wrong
