So much bullish slop on my TL makes my bearish conviction on $BTC even stronger.
It has been a disappointing cycle for many but now is not the time to risk your capital on copium longs.
Patience will be rewarded, FOMO will be punished.
$BTC
This is why I'm not interested in trading until we hit 62.5k.
Sentiment is as bad as 2022 so ultimately I expect more chop in this range, potential deviation to low 50s, and recovery after.
Unpopular opinion but I reckon $MSTR bottom could be at around $100.
One more test of ~$100 and I think we’re good to go.
Timing-wise $BTC is on course for cycle lows in Q3 and recovery later in the year.
$BTC update
Got average filled at 61.7k, looking for a bounce to 70k , hopefully 75k.
A lot of doom and gloom on the timeline but if are to bounce then it should be here, otherwise the chart is cooked. Best RR we get is here.
$BTC
This is why I'm not interested in trading until we hit 62.5k.
Sentiment is as bad as 2022 so ultimately I expect more chop in this range, potential deviation to low 50s, and recovery after.
$BTC
Best case scenario we squeeze hard to 75k in a matter of days, flip short there and then nuke back down to 60k quickly after that.
According to all the indicators I have built we should already be in the accumulation zone here in which case I expect choppy/chaotic moves.
$SOL
Longed some here at 73.5, stops below 68 and I'm targeting ~85.
Still waiting for $BTC longs but $SOL looks good for longs already – very negative funding rates, swept major liquidity on monthly/weekly, and bullish divergences on LTF.
Unpopular opinion but I reckon $MSTR bottom could be at around $100.
One more test of ~$100 and I think we’re good to go.
Timing-wise $BTC is on course for cycle lows in Q3 and recovery later in the year.
$BTC
Alternatively, if we shit the bed here, I’d look to long 62.5k for a bounce back to 75k.
That would be the best RR play if we get it — liquidity to liquidity.
$BTC
Coming into weekly demand, I would look for a bounce once we take out 72k.
We’ve got the range highs and CME gap around 79k so I like that area as a target.
To the downside there is decent liquidity at 70k which may still come first.
$BTC
Coming into weekly demand, I would look for a bounce once we take out 72k.
We’ve got the range highs and CME gap around 79k so I like that area as a target.
To the downside there is decent liquidity at 70k which may still come first.
The next new moon 🌑 is on 16 May.
So I could see us run until then only to reverse and get an ugly monthly close in the end.
The classic tale of sell in May.
solana:9BB6NFEcjBCtnNLFko2FqVQBq8HHM13kCyYcdQbgpump
Honestly looks good for a bit of upside/relief.
Still down 92% from ATH but now forming a nice accumulation base while reclaiming some moving averages on the weekly.
45 cents seem doable, 75 cents eventually too.
$BTC
If we reject here, I see a lot of liquidity below 70.5k for the taking.
Then we could rip up to 80k and reject there, mimicking the previous consolidation in January.
I reckon even 2600 on ethereum:native is possible.
But I don’t think this is the bear market low, so far it’s just another ABC correction in a macro downtrend.
Anything below 3400 is still a lower high.