This wasn't supposed to be an identical comparison but to show when $BTC 'sticks' to an area instead of fully breaking down... It's time to pay attention
LTF $BTC - Currently retesting mid-range from below (as resistance)
Default is to expect more chop while ranging regardless but:
- Below 0.5 > more chop lower
- Above 0.5 > more chop higher
Leaving this here to check back on during euphoria phases of next cycle
Decentralized exchanges/protocols with derivatives + Marketcap ($)
$GMX ($360M)
$DYDX ($330M)
$GNS ($110M)
$PERP ($30M)
Definitely missing some, any to add?
High historical strike rate combined with sitting in a very interesting spot for the H4 700SMA on $BTC
Note how on flips, it has signalled less sideways chop and most of the wider directional move taking flight
How I'll be looking to use it this time:
$SOL - Currently into a clear supply area to flip but getting interesting again with the local reclaim. If capped here, will look for throwbacks toward $28-30
$LINK
Was the right move to wait on triggering this one yesterday.
Deep wick since gives a nice stop run flush while still being true to original idea of holding this same area above ~$6.50
Picking up starting position with an add in green ~$6.70s
Daily for context really cleans up #Bitcoin coming into this same area
Stall into blue oke, blow through blue not oke but opens up the door for some killer long opportunities across the board with the right action around $17xxx (untouched lows)
imo more likely it holds for now