Quick Market Update (Patreon)

Hi team

Quick update from my side. 

Markets are still in a nasty downtrend with cascading liquidation.  Many are becoming wholecoiners for the first time which is a real positive.  That is about all.  Rest is negative due to the leveraging flush out. We need to wait for the deleveraging to be completed before things turn around. Beware of fakeouts.  

• For those who are looking to layer in at 17.7K it is no doubt a great time.  Depending on the liquidations to come we could go to 17K or 16K.  Some are even talking 14K.  Note if we get to 13.6K that is the level at which Celsius have to liquidate their WBTC. 
• My plans are simple.  If markets continue to suck next week I will have a hard look at some assets:
• TSLA at 600 sh - that is $200 post-split. 
• BTC when the trend reverse
• GBTC if the Discount gets close to 40%
• SOL at $22-25
• ETH may even be interesting. 

Nothing is confirmed until we see the trend turn around - but at the rate at which we are falling the bottom could be soon.