egg
/egg120
eggman's musing, trading, and info-dumping channel
Bull market support zones STILL being held.
Bad as things feel outside of BTC, the market cycle is still intact.
Bad as things feel outside of BTC, the market cycle is still intact.
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There's a lot of ETH bottom signals atm, but this is a big one imo.
Noticing more and more people almost getting annoyed if you suggest that the bull run isn't over.
That'd suggest to me retail is either sidelined, or short.
However, market-wise, we're spiking hard on long interest being opened.
Noticing more and more people almost getting annoyed if you suggest that the bull run isn't over.
That'd suggest to me retail is either sidelined, or short.
However, market-wise, we're spiking hard on long interest being opened.
Options expiry tomorrow, and btc continues to hold the 40w as support
Cautiously bullish, but man could we have done with jpow giving us a lil interest rate cut.
Cautiously bullish, but man could we have done with jpow giving us a lil interest rate cut.
So yeah, nobody likes tesla right now. But let's take a look at it anyway.
First and foremost, TSLA is a meme stock. $2.3b net income in Q4 '24, valuation at $804b? Yeah nah. This is not a value buy.
However, chart-wise, it's grabbed a hard support off the 200w and printed a hammer. RSI has so far put in higher lows and higher highs for about 2 years.
The 300w is at $200 which has historically been a much better support for TSLA, but if the SPX opens green next week I'd be very surprised if TSLA didn't outperform - in the short-term, at least.
If the SPX opens red, then TSLA might wind up making that trip to the 300w sooner rather than later.
First and foremost, TSLA is a meme stock. $2.3b net income in Q4 '24, valuation at $804b? Yeah nah. This is not a value buy.
However, chart-wise, it's grabbed a hard support off the 200w and printed a hammer. RSI has so far put in higher lows and higher highs for about 2 years.
The 300w is at $200 which has historically been a much better support for TSLA, but if the SPX opens green next week I'd be very surprised if TSLA didn't outperform - in the short-term, at least.
If the SPX opens red, then TSLA might wind up making that trip to the 300w sooner rather than later.
Got our lil bounce, happy days for your over-leveraged longs
Crypto has been weak af over weekends the past few months (low liquidity Sundays and all), so it'll be interesting to see how we fare.
I'd love to see a show of strength from the SPX, but a re-test of the 300d (or a fight at the 200d) is always possible.
Crypto has been weak af over weekends the past few months (low liquidity Sundays and all), so it'll be interesting to see how we fare.
I'd love to see a show of strength from the SPX, but a re-test of the 300d (or a fight at the 200d) is always possible.
310124
eggman 🔵
@eggman.eth·19:19 13/03/2025
huh, the SPX actually grabbed a bounce off this zone
Really hoping the bulls can hold the line here and it puts in a move back to test out the previous support level.
Failing that we might be in for a rough couple of months.
Really hoping the bulls can hold the line here and it puts in a move back to test out the previous support level.
Failing that we might be in for a rough couple of months.
huh, the SPX actually grabbed a bounce off this zone
Really hoping the bulls can hold the line here and it puts in a move back to test out the previous support level.
Failing that we might be in for a rough couple of months.
Really hoping the bulls can hold the line here and it puts in a move back to test out the previous support level.
Failing that we might be in for a rough couple of months.
310124
eggman 🔵
@eggman.eth·22:04 11/03/2025
Damn, didn't this all line up neatly.
The lower trendline from our first pullback in this channel is right on top of the 300d MA, and the 300d EMA. Three major supports converging.
If there's a time for the SPX to bounce, this is it. Failing that, it's back to the drawing board.
The lower trendline from our first pullback in this channel is right on top of the 300d MA, and the 300d EMA. Three major supports converging.
If there's a time for the SPX to bounce, this is it. Failing that, it's back to the drawing board.
Damn, didn't this all line up neatly.
The lower trendline from our first pullback in this channel is right on top of the 300d MA, and the 300d EMA. Three major supports converging.
If there's a time for the SPX to bounce, this is it. Failing that, it's back to the drawing board.
The lower trendline from our first pullback in this channel is right on top of the 300d MA, and the 300d EMA. Three major supports converging.
If there's a time for the SPX to bounce, this is it. Failing that, it's back to the drawing board.
The Nasdaq has collapsed through its supports after opening to a staggering 700pt loss today.
It took only 13 trading sessions since Trump's inauguration for the market to enter its steepest decline in 5 years.
Truly impressive.
It took only 13 trading sessions since Trump's inauguration for the market to enter its steepest decline in 5 years.
Truly impressive.
Think the overall trend we’re in sees continuation until options expiry this month.
Hoping for relief following that. Been brutal out there my chads. Need that sweet sweet QE
Hoping for relief following that. Been brutal out there my chads. Need that sweet sweet QE
If I was a gambling man (I am), I'd wait to see if the SPX re-tested the trend breakdown at about 5900~.
If it does and gets rejected, I'd short down to the support trend at 5500-5600.
If it does and gets rejected, I'd short down to the support trend at 5500-5600.
if you’re the type of person to use leverage:
If you think you’ll go long at 3k, just go long now.
Not financial advice etc, but all the late longs got ultra-flushed at 4k.
So, if you like that risky leveraged game, practice knife-catching instead.
Or if you’re smart, just buy spot.
If you think you’ll go long at 3k, just go long now.
Not financial advice etc, but all the late longs got ultra-flushed at 4k.
So, if you like that risky leveraged game, practice knife-catching instead.
Or if you’re smart, just buy spot.
Re-sweeped $2600.
Shorts stacked up at $2680 & $2750 though, so maybe we move back up and wipe those out too.
Unironically if you want the market to go up, literally stop feeding Wintermute with longs
Shorts stacked up at $2680 & $2750 though, so maybe we move back up and wipe those out too.
Unironically if you want the market to go up, literally stop feeding Wintermute with longs
310124
eggman 🔵
@eggman.eth·15:03 11/02/2025
And there's 2600-2650 sweeped.
The beatings will continue until morale improves (stop using leverage)
Next hotspot zone is 2700-2750. Small chance of re-sweeping the 2600 zone though - longs are still opening up way too fast.
The beatings will continue until morale improves (stop using leverage)
Next hotspot zone is 2700-2750. Small chance of re-sweeping the 2600 zone though - longs are still opening up way too fast.
And there's 2600-2650 sweeped.
The beatings will continue until morale improves (stop using leverage)
Next hotspot zone is 2700-2750. Small chance of re-sweeping the 2600 zone though - longs are still opening up way too fast.
The beatings will continue until morale improves (stop using leverage)
Next hotspot zone is 2700-2750. Small chance of re-sweeping the 2600 zone though - longs are still opening up way too fast.
310124
eggman 🔵
@eggman.eth·08:25 11/02/2025
And there's the $2700 zone sweeped.
Current hotspot/free money zone for MMs is back at 2600-2650 due to giga-longs.
Bright side is it's a lot less flush than it used to be. Gamblers running out of cash.
Less cash that's there for MMs to take, more chance we just move up.
Current hotspot/free money zone for MMs is back at 2600-2650 due to giga-longs.
Bright side is it's a lot less flush than it used to be. Gamblers running out of cash.
Less cash that's there for MMs to take, more chance we just move up.
And there's the $2700 zone sweeped.
Current hotspot/free money zone for MMs is back at 2600-2650 due to giga-longs.
Bright side is it's a lot less flush than it used to be. Gamblers running out of cash.
Less cash that's there for MMs to take, more chance we just move up.
Current hotspot/free money zone for MMs is back at 2600-2650 due to giga-longs.
Bright side is it's a lot less flush than it used to be. Gamblers running out of cash.
Less cash that's there for MMs to take, more chance we just move up.
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If people keep using giga-leverage, market makers will remain incentivised to chop the market up.
Heavy amount of eth longs will get liquidated if we drop to 2550. Shorts get liquidated around 2750.
This setup incentivises MMs taking the path of least resistance - free cash for the taking if they drop eth by $70.
Heavy amount of eth longs will get liquidated if we drop to 2550. Shorts get liquidated around 2750.
This setup incentivises MMs taking the path of least resistance - free cash for the taking if they drop eth by $70.
Posted this earlier today in a dev group on TG
Market right now is quite literally just a liquidation hunt.
Next liquidity cluster is at 98.6k. Expecting we're likely to move back up there before the field is re-assessed.
Market right now is quite literally just a liquidation hunt.
Next liquidity cluster is at 98.6k. Expecting we're likely to move back up there before the field is re-assessed.
welp, anything could happen while the US is playing stupid games and winning stupid prizes
But if the memelines hold true again here, then btc.d+stables has topped again.
Hard to believe given current macro ofc, but that's what the lines say.
But if the memelines hold true again here, then btc.d+stables has topped again.
Hard to believe given current macro ofc, but that's what the lines say.
Worth keeping in mind that often times in crypto, tech != price
But flaunch is one of the more impressive pieces of tech I've seen unveiled in a long time
Already up a decent bit but I'd find it criminal if flaunch didn't capture a sizeable portion of the fair/bonded launch market.
But flaunch is one of the more impressive pieces of tech I've seen unveiled in a long time
Already up a decent bit but I'd find it criminal if flaunch didn't capture a sizeable portion of the fair/bonded launch market.
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My thoughts on the vaporware that is most AI projects in crypto - or, “this cycle’s GameFi” 👇
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So while the ETHBTC supertrend so far remains broken, the ETH.D last line of support has so far held.
ETH obviously isn't dead, as much as everyone will keep saying it is until the reversal kicks in.
ETH obviously isn't dead, as much as everyone will keep saying it is until the reversal kicks in.
Only another 16.95% to go, and the S&P500 will have finally set a new ATH when considering the money supply.
This is how it's done
$NAIFU launch on base, with anti-sniper tooling built into Naifu herself.
Snipers got so rekt they're trying to plead with the AI to show mercy on them.
(She's lying btw, she ain't sending a thing back to them)
$NAIFU launch on base, with anti-sniper tooling built into Naifu herself.
Snipers got so rekt they're trying to plead with the AI to show mercy on them.
(She's lying btw, she ain't sending a thing back to them)
melting with covid/some sort of flu or virus atm
keeping myself mostly horizontal - think markets will be a bit horizontal over the xmas period too. Likely pick back up proper in Jan.
smol chance of a "sell the news" event on Trump's inauguration imo, but all just short-term noise. 2025 is going to be bullish af.
keeping myself mostly horizontal - think markets will be a bit horizontal over the xmas period too. Likely pick back up proper in Jan.
smol chance of a "sell the news" event on Trump's inauguration imo, but all just short-term noise. 2025 is going to be bullish af.
Price could retrace to give opportunity for an entry before the move happens. But before that, a break of structure on the lower timeframe would be a very good confirmation to show that price is ready to move to the upside.
If you will take a trade, remember to apply proper risk management.
If you will take a trade, remember to apply proper risk management.
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Looking at the Bitcoin Dominance (BTC.D) chart, it closed below the support level.
This explains why alts have been able to rally while BTC was declining.
BTC.D declining basically means that money is flowing from BTC into alt coins. We can expect to see alt season start.
Bid your targets. It’s time we started the run.
This explains why alts have been able to rally while BTC was declining.
BTC.D declining basically means that money is flowing from BTC into alt coins. We can expect to see alt season start.
Bid your targets. It’s time we started the run.
If you're having a bad day, please know that someone on OKX managed to get liquidated on a $1.65mil position when ETH bounced back up to $3,296.
Imagine how late you would need to open your short.
And imagine the leverage. The unholy leverage.
Imagine how late you would need to open your short.
And imagine the leverage. The unholy leverage.
On the bright side, ETH/BTC is about to hit the super-trendline.
So either pack your bags full of ETH, or.. well, join the capitulation party.
Think there's a lot of ETH sellers here that are going to be pretty sore in a few weeks time tbh.
So either pack your bags full of ETH, or.. well, join the capitulation party.
Think there's a lot of ETH sellers here that are going to be pretty sore in a few weeks time tbh.
Definitely not trying to call any tops or anything like that (got a ways to go imo)
But as a general - if you hodl’d hard or picked up tokens at the bottom, you are absolutely entitled to take some profits.
That was a rough af few months. No genuine person will begrudge you taking a win when it’s finally offered.
But as a general - if you hodl’d hard or picked up tokens at the bottom, you are absolutely entitled to take some profits.
That was a rough af few months. No genuine person will begrudge you taking a win when it’s finally offered.
Looks like btc.d might be headed for a blow-off top.
As sad as that makes my ETH bags, my POL bags are screaming for euthanasia 💀
Bright side, it’s more fuel for the eventual alt run. But man would I like that to start soon.
As sad as that makes my ETH bags, my POL bags are screaming for euthanasia 💀
Bright side, it’s more fuel for the eventual alt run. But man would I like that to start soon.
ETH caught a bid for a brief shining moment
And the entire market had to pull back as a result 😭
Looks like btc.d might fancy going higher. Short term pain, long term gain and all that 🫠
And the entire market had to pull back as a result 😭
Looks like btc.d might fancy going higher. Short term pain, long term gain and all that 🫠
ETH/BTC is currently backtesting the 8W (left), and 50D (right).
The 50D has acted as resistance since mid-summer for ETH/BTC, getting above it was no small feat.
If we can hold the line here, it might finally be time for ETH to join BTC on its ATH-crushing journey.
The 50D has acted as resistance since mid-summer for ETH/BTC, getting above it was no small feat.
If we can hold the line here, it might finally be time for ETH to join BTC on its ATH-crushing journey.
Some feedback on the new frames system (hi @v) - which I'd love to post on /warpcast, but the "only council-approved posters!!" channels circus continues
1) Raw Webpage vs. Image Rendering: do you seriously want to allow people to put javascript in a frame??
2) "They're slow": they're really not. /airstack is incredibly slow, because it loads about 2GB of node modules. Custom builds have no issue - rendering an image from html is not a compute-intensive task nowadays.
3) "Hard to develop for": skill issue tbh, the security offerings by the current system outweigh the learning curve.
4) "Not stateful": also skill issue. Store state in GET param or db on load.
Part of the appeal of frames is there's a very rigid UI/UX that must be conformed to. Those limitations are a feature, not a bug imho - alongside the security offerings in just loading a jpeg, the universal UI keeps frames relatively streamlined and under one general design hood.
If you need to make an entire rich-media website, make a website ffs.
1) Raw Webpage vs. Image Rendering: do you seriously want to allow people to put javascript in a frame??
2) "They're slow": they're really not. /airstack is incredibly slow, because it loads about 2GB of node modules. Custom builds have no issue - rendering an image from html is not a compute-intensive task nowadays.
3) "Hard to develop for": skill issue tbh, the security offerings by the current system outweigh the learning curve.
4) "Not stateful": also skill issue. Store state in GET param or db on load.
Part of the appeal of frames is there's a very rigid UI/UX that must be conformed to. Those limitations are a feature, not a bug imho - alongside the security offerings in just loading a jpeg, the universal UI keeps frames relatively streamlined and under one general design hood.
If you need to make an entire rich-media website, make a website ffs.
Bang on the backtest range!
Crazy to think these prices were cause for celebration only 2 weeks ago. Now they have an air of doom around them.
No sentiment shifts faster than crypto sentiment 💀
Crazy to think these prices were cause for celebration only 2 weeks ago. Now they have an air of doom around them.
No sentiment shifts faster than crypto sentiment 💀
