Let’s talk about crypto. Options expirity in Friday had max p | Blockchain Whispers

Let’s talk about crypto.

Options expirity in Friday had max pain level at 40k zone. This friday, and we reached it exactly, meaning we reacted to it.

Everything else is sideways, undecided and still predominantely bearish action.

Until friday we reacted to every war news with bearishness.

I expect now to continue this pattern, and since the pump happened which is no longer needed, a potential more violent candle or three are possible in the coming 48 hrs.

Buckle up my friend.

Technically, bullishness is showing signs of reversal and I expect to have a first confirmation on today’s close.

On mid term picture, things are good actually, we are nearing the point of reversal and once this thing is done, we are up for new highs, could be short weeks from here.

1) if we defend this v shaped bounce = 1 week from here then (unlikely though)
2) if we drop but then get a new v shaped, followed by a smaller v-shape. (very likely) - 2-6 weeks.

Here’s to BCW united surviving until green candles, and fun times!
D Man