Overall update

Alright, going to wrap up some thoughts here. I think we'll see a bounce this weekend, there has to be one eventually and trad-fi looks like it's shaping up to allow it. Technically, $BTC swept a demand/consolidation area, which are the type of longs I typically look for. With that said, I of course expected the higher sweep of consolidation to hold and for us not to go this low, but it would still make sense if we found a local bottom around here. Currently still in the $SOL long, going to allow that to run. I opted for SOL because I liked the sweep of the equal lows, still trying to prioritize charts.

With all that said, it's come time for me to relax a bit. I tried and tried to make this work and this will likely be my last long until 60K's if we can't find a bounce. I think it's very clear that this price action is not technically based and is being caused by an entity or entities exiting crypto at a grand scale. People can say cope or whatever they want, but I've been here trading this PA consistently since 2017 and through all it's phases of PA, and this is potentially the most abnormal move I've ever seen. Zero bounces or squeezes whatsoever from any liquidity sweeps, HTF demand levels, fib retracements, etc. is just not something I see charts do. This is legit a 1 in a 1000 scenario in my opinion, that's the rarity of it from my experience.

Anyways, think I've made my point, I'm glad that I only lost 1.5R on the down move. It could have been much much worse if I didn't do all those trims along the way (and I may potentially make it back with $SOL or may move to -2.5R), but that's fine. Worst case scenario, a -2.5% portfolio loss off nearly portfolio ATH's isn't the end of the world for a market that literally has no bottom and is being exited with absolutely unprecedented speed and aggression.

Good luck all, I'll update when necessary.