if I were to guess it’s gonna at least grab the liquidity below ~2510 and maybe test 2380, and if it is weak at 2380 it’s gonna be testing yearly open thats my bear case

update: did in fact grabbed the liquidity below 2510 (and more), since we are so close to 2380, I’m thinking we poke it 

the base case now is more chop (if we lose yearly open then it’s a russian goodbye)

PhD in aviation ∩ climate science | Aviator, diver, ETH maxi, nexialist | Host of /diving /ethfinance /eth-staker /geopolitics /science /singapore /thomas

YO = 2281 on ETH

Yeah not sure if it was possible to see a v-shaped recovery after the 5th Aug nuke (ETH nuked extra hard), typically the market regime immediately following a drastic move (both direction) is quite a lot of choppy/ranging price action.

What was the yearly open?

It’s crazy how quickly the sentiment is oscillating between bull and bear these days. I still read /r/ethfinance and the sentiment flips diametrically overnight. Today is a massive despair day, multiple people saying they’re ready to throw in the towel. Two days ago everybody was positive we had turned a corner lol