@JaromirTesar This is why we need USDC and USDT in Cardano. Huge amount of buy/sell causes depegging. Such a shame that peoplw don't see it. It's heartbreaking because adding USDC and USDT was an easy solution. But atleast we have opinion which means nothing gets done quick.
CPI weeks call the tops and bottoms on $BTC
On the weekly TF, by analyzing the HTF structure and the overall market narrative, you can estimate the likely direction using candle-range theory.
A method Iโve relied on for years.
$BTC | Monday Highs
I made a post a few weeks back covering 42 Mondays (300D).
Context & market structure is extremely important.
(36%) of the time, Mondays can form bottoms instead of tops (quote tweet below).
So if we have a bearish move to the lows on Monday, It has a higher chance marking a local bottom. If we open high into Monday, then we are more likely to see Monday high form equaling a push down.