this is a not a good time to short guys
be careful
i am bearish btc/eth & large cap stocks believe btc & eth have broken mid timeframe trend and will continue to accelerate to downside under 82k/2400
dont think the average retail speculator is going to slow down tho, Q4 is going to have a lot of volatility for traders in both directions & believe pockets of onchain will do well
headline risk is also very real and continues to impact markets, this week specifically we have fomc + lot of important earnings releases
technicals am bearish bc ai momo stocks look like parabolic blowoff top into following lower high and loss of trend, even mags stalling at ATHs, the breakout on Qs that looked great a few weeks ago has played out as a deviation above the highs
as it stands ai generally feels like there is a lot more uncertainty on where the next growth of revenues is going to come from, sofar we have had a ton of capex spending on investing in training these models across the board so believe investors will want to see how that impacts companies bottom line meaningfully, meta selloff post earnings last week is good indi, that combined with concerns around current state of models also breaking hella security across the internet is not great - am not bearish on extended timeframe just believe pullback before continuation higher
