Looking for another run at the lows this time getting to 28k level, not very confident but judging by legacy markets I think it is not worth staying in longs at the moment
BTC temp bottom might be in, playing a bounce like this
48k looks like a very good area to be run before a breakdown to 3xxxx area
March - April took Feb high on the down side we have all of the lows for March Feb and June LTF bullish case is that we bounce from W support / trendline and take out Jan High before continuation to the down side, with obvious objective last summer lows and 28.8k and intermediate objectives in the form of last months lows
if BTC dumps into previous HTF support I think it is a case of going all in
BTC bullish for the mid term this are some ideas for how it could play out
As it looks like it is: 1. either over and we are into the start of a global bear market equites and crypto in which case we are looking at way lower prices and BTC is just holding this last level before 2xxxx 2. or BTC will finally shine as a global hedge against risk (it did show some of these signs) and we are heading towards higher prices in the long term, in...
Monitoring a scenario that would take out liquidity from both sides of the range
SPX with a -20% from current levels bouncing from monthly support Rate hikes could take us there
Waiting to see which way we break out of this consolidation and not fading that move. Leaning bullihs
Sort of the best scenario for going long Higher probability it won't give that of a deep retrace to go long
looking for volatility around remaining macro events but generally hoping that the bottom forms here
BTC feels like it wants to tag the Monthly Open Already in 2 positions from below, but I am also contemplating adding a 3rd
25 January FOMC could provide another top opportunity for SPX and all legacy markets
2 events the flowing 2 days that could create a lot of volatility on SPX
I would want to see BTC taking another stab at the lows and then I would be more confident longing the market, for now it is still quite unclear and doesn't seem right to BTD
long BTC after taking downside liquidity and reclaiming YO
Hate to say it but things not looking great, so leaning bearish after failed rally. 1. 48k is area for price to oscillate around there 2. 42k is first target to down side that might be attracting price but not that certain that it will hold in case price gets there 3. we might see a raid of 37k case in which bear market might be already started by then, but if we...