$BTC - Someone who is good with elliot waves chime in...
Option 1 - Monday mid pullback and full send (white)
Option 2 - Monday low sweep and full send (yellow)
I refuse to believe we full send to 67-70 (without me 100x lev long)
I also have a 67-70 target for July but not in the first 6 days though.
If we ran to 65k-66k imo its 100% a fade for me...
Where we landed at 64.6 is maybe 70% fade which is why I am not sizing the short.
I would flip it LONG long with a monday low sweep... and maybe just size it "long" at 62k-63k which would make the structure look balanced.
I did a side project in 2023 with @frank_liquid using GPT-4 to determine Satoshi identity by matching writing style on cryptography research. The AI hit a wall before results with confidence. But now, Franklyn cracked Vitalik's challenge with this strategy
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$BTC - 4th time is a charm indeed...
30d rVWAP - 62270
I think this will be "resistance until proven otherwise"
TP 1 at 62k here makes sense and if Monday high holds as support we trade for continuation higher to the 67-70 targets.
Quoting this because it's still one of the biggest pieces of misinformation circulating about Lighter.
Carlisle is right that snapshot depth ≠ executable depth.
So @will__price matched 169,641 actual HL fills ($2.17B, 24h) to Lighter's book at the same timestamps.
The "hidden slippage": 0.16 bps.
The fee savings: 4.5 bps.
Still $941k saved trading bitcoin:native on Lighter.
Why do timestamps suffice on Lighter's side?
Orders are invisible until matched and there's no cancel priority, so what the book shows is what you fill at.
Shifting timestamps changed nothing as well.
https://t.co/6vhcL1tUL5
It was indeed not the top for $LIT.
Think some of the hype gang are reason we are going up since MLM is leading them to short.
They are shorting a slow grind spot bid as @cryptolala pointed out.
They paid fees to short it when they could have paid zero fees on Lighter.
Sad to see…
GFuego 🕯️
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