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Home»Web 3»Short term pain, long term gain.
Web 3

Short term pain, long term gain.

2024-07-24No Comments1 Min Read
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TL; DR

Full story

Every day we consume what mental health professionals call:

“An obscene and borderline dangerous amount of information.”

All so we can take what we’ve learned, turn it into an easy-to-consume information syrup, and deliver it to you.

(That’s our excuse anyway – honestly, we’d probably do it anyway).

Here’s what we’ve learned in the last 24 hours:

  • The market has become a little too expanded, meaning prices were due for a pullback but instead moved sideways

  • That sideways price action finally breaks and prices start to fall

  • But this is a healthy thing: as we said, the crypto market was due for a correction

  • The theory is that we are now experiencing a downturn (wave A), which will be followed by a recovery (wave B), before finding a new short-term low (wave C).

Source link

See also  Apparently excessive transaction fees are a feature and not a bug?
Gain long Pain Short term
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