Forgot to mention this in the vid, but check out where we formed $CRV's latest triple-tap base/bottoming range:
Right on top of our 5-year macro range lows, after reclaiming them from below. Changed the color of the line to ORANGE for easier visibility.
What a beautiful interaction with the most significant/important level on the entire 5+ year chart 🔥
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https://t.co/wCWZV0Ia9x
ETFs are killing bitcoin self-custody.
Addresses holding at least 1 $BTC is on a continuous decline since the bitcoin ETFs came to the market.
It was above 1M two years ago, right now at 971.3K in total.
It takes a lot of self restraint to keep from micro-managing this ethereum:0xd533a949740bb3306d119cc777fa900ba034cd52 position.
But there is no doubt in my mind we are headed to $1+ from current levels, and the last thing I want to do is fumble a position for a 10 cent or less profit before that run materializes for 5-10x that because I am over-trading.
With inval below .20, this position is very safe, and the only thing that will prevent me from taking profits on it somewhere above $1 would be me messing something up during this LTF chop.
I will look to compound this position as we climb, but that can only be done once we've printed our next LTF impulse and established a new, higher, inval level which we can move our SL to.
So for now we put it out of our head, be patient, and let the market do the work for us.
If you want to follow along with the move as I trade it up to $1+, you can download the MASS app by scanning the QR code in the quoted tweet below or finding the link in my X bio. Also running a promo right now where every trade earns you some CRV tokens- you can read more about that in my pinned tweet.
1000 ETH wallets random 100 winners share 100 winners will share $500
Make sure to retweet and drop ETH wallets only.
Follow @0xU15
All winners wallets will be out on spreadsheets and post it under the comment section so you can turn on notifications if you want.
Time to lock in. Currently on my way to my first ever World Cup game. Unfortunately all my boys that I’m going with are rooting for Bosnia. I just like money more than they do🤣
I will be doing a GW if Switzerland comes out on top today in order to have some support on my slips.
2 x $100 (Rolled on June 22nd)
Follow, Like, and Comment who you think is going to win today
An update on our $BTC metrics here.
Kind of a mixed bag. We do still have that bullish regime when it comes to funding which is still oscillating between positive and negative.
On the other hand we are seeing a decline in the spot premium once again which is typically bearish (spot selling increasing).
Finally we have some significant bids stacked just below price right now- the largest cluster of bids we have seen since our local bottom, around ~$250,000,000 worth. Now these can just as easily be pulled so we can't assume this is actually an intentional buyer- but it's worth noting since it is the first appearance of such a signature since we put in our low at 59k and it's occurring while funding is flipping negative.
Let's see how things develop here!