gm, we might've found ourselves a local low here boys looking for entries and scalps
(for the pic attached)
HTF distribution and lots of liquidity to be swept on a momentum so had to call the move out
like and rt and I'll drop a detailed analysis
@TheWhiteWhaleV2 Embrace the dialogue and the haters. It only happens when you have main character energy. One of the few authentic voices in a sea of shills lol
Lessons: US open front runs the sell the news with a big puke...the temporary weakness was there based on price action. Don't try to bet up off a read of catalyst, be opportunistic instead and look to short rips.
Dca some positions avg entry 102500. BTC did a scam move just now, potentially setting up for sell the news on Wednesday shutdown vote.
Keeping an eye on BTC,
> Potentially a quick run up in the next 5-6 hours
> On the successful vote / Trump signing, will be quite telling on what happens to price. Gut feel is it may chop down given recent price action. Will keep tabs on this. May buy some calls ahead of time then puts just before catalyst?
Successfully partial TP at 107.
Foresee choppiness til Friday unless something changes
> BTC did not explode up off govt shutdown news, micro structure shows predators did make a few attempts which got faded back to 104
> BTC attempts at a run also lagged behind tradfi
Sticking to the plan of trading the chop - dca sub 104, close 107.
Testing a small short position on Uni - run up off news it will start charging fees, stabilised around 9. Retail is not shorting yet as there is a bit of incertainty. Expect a degree of mean reversion.
CME gap filled despite it being small was filled 2 days later, tho there was some Monday OOH scam up to 107...Monday was flat, I think there is a cut of money that trades the gap, that's why after scam up Sundays, price action is more quiet on Monday open.
Using this as a trading journal to document thoughts with time stamp
Regime thoughts:
Bull:
> Macro environment remains conducive to bull regime. Rate cuts, m2 money supply, stable coin adoption
> If the sellers are OG whales, they will stop selling below a certain price to not blow up the mkt
> Tradfi diverging from crypto is bullish if you think the selling is from BTC OGs, as they will stop selling at a floor, and once they finish selling, price will rip. Same thinking if there is selling from 10/10 corpses, most which have surfaced.
Bear:
> Instos are feeling jittery, CME premium, skew, etf all point to caution
> Saylor having trouble raising
> If insto aren't bidding, who is going to bid it to ath? (Perhaps whoever is keeping the price afloat while corpses and OGs sell?)
Directionally bias remains up, max pain trade is btc and alts new ATH
LTF:
Correctly called the weekend scam up.
> Trump announces free money during CME gap. BTC didn't react on the dot but can be fuel
> Big HL liq at 105 to be hunted
> Bulls looking for weekly close above 104, predators will nudge it up there to maintain narrative
> Upcoming catalyst of govt reopening as a narrative
> Inval would be based on timing
Monday open - usually quiet on Monday after a Sunday scam up as traders trade the CME gap. Not so sure on the coming Monday as the gap is small and there were catalysts and narratives over the weekend.
Will partial TP a bit at 107.
Looking to long Sol (ETF flows strong vs eth/btc)
@TheWhiteWhaleV2 Firstly, congrats on your vixtory over MEXC. Well fought and won.
You mentioned previously that apex make their moves on perps but I've seen some weird spot moves, when do you think they opt to use spot to move markets instead?
@leviathansee Mr Apex Predator, are we in a bull regime or a bear regime? Also, what game did you play to be where you are now? (entrepreneur or god trader?) / are you self made? Can I as a failed entrepreneur also dream to reach your heights?
🚨 Giveaway Time 🚨
Win 100,000 $TUNA 🐟
Released at 1,000 $TUNA/day for 100 days via @Sablier
Structured this way to teach the real value of HODLing: prize flows over time, not all at once.
How to enter:
1️⃣ Retweet this post (one entry per account)
2️⃣ That’s it
Notes:
This giveaway is run by @TheWhiteWhaleHL , not sponsored by or affiliated with @DeFiTuna
No purchase necessary. Multiple accounts/duplicate entries will not increase chances.
Winner will be selected randomly from all eligible retweeters on Sunday, October 5th at 16:00 UTC
Prize is paid on-chain via Sablier.
🫡 From the depths —
The White Whale 🐋