$NBIS
Close enough
Let's see if we go to 300s or just range around here cause I'd be interested in 150s again
Just riding my risk-free position for now
$NBIS
Overlayed with the $HOOD bottoming fractal but we haven’t broken structure to the downside yet so not valid yet
$130 would be wishful thinking but an amazing buy if it happens
I can see a bottom more in $180-$160 if we lose $200
$BTC
As you can see now a rejection from the naked tpoc/weekly around 65.2k open before heading lower
Some intraday trades could be made on the way up and the way down here like I mentioned in the qt
bitcoin:native
Daily sweep of the previous week's low and held heading into fomc tomorrow
Intraday movement was a Po3 setup and reclaimed/ bounced from the days tpoc but we still have a naked tpoc overhead at 65.2k
You can visually see how a Po3 happens when looking at orderflow
At the lows today at NYO had a huge negative delta which means sellers were aggressive with their orders but price failed to go lower which means limit buys absorbed those sells and if price goes higher then the unwind of those sells is what distributes price higher
You can see this happening without order flow with just the candle wicks but understanding order flow can show how these moves form
$GOOGL
Any dip a bid for me long term
That said I think there are some key levels to reclaim that help shift the market's attitude towards a stock especially if it's an event-driven move
An example was their recent earnings where they went negative free cash flow for the first time as a public company
Reclaiming the 340s would show the market trusts in the company regardless of the spending they're doing
Situational Awareness has EXITED its ENTIRE public-equities book, including both long and short positions, through a transaction with a single buyer, according to CNBC’s David Faber.
@munchPRMR Yea I agree just looking at the chart can help
Once it’s in a downtrend people try to find where the value is
But behind the asset going up rapidly can be a lot of leverage and late buyers which all need to be unwound which amplifies the move down
@munchPRMR I’d compare a bubble to crypto cause of the volatility
Crypto less liquid
Bubbles get overcrowded on the way up and rush to exit on the way down
Just part of human psychology going towards the thing that’s going up
bitcoin:native
Daily sweep of the previous week's low and held heading into fomc tomorrow
Intraday movement was a Po3 setup and reclaimed/ bounced from the days tpoc but we still have a naked tpoc overhead at 65.2k
You can visually see how a Po3 happens when looking at orderflow
At the lows today at NYO had a huge negative delta which means sellers were aggressive with their orders but price failed to go lower which means limit buys absorbed those sells and if price goes higher then the unwind of those sells is what distributes price higher
You can see this happening without order flow with just the candle wicks but understanding order flow can show how these moves form
$BTC
Update on this
The initial tpoc didn't hold and we traded down to the naked tpoc where I expected a bounce
What's interesting is that naked tpoc at 64.7k was also a 12h bullish OB so you have 2 different trading strategies that give the same key level (I'm sure the volume profile would also give a simialr level)
Price bounced into friday and touched thursday's naked tpoc which also happens to be around the key weekly level and turned into a bearish retest before lower
So price bounced and dropped from the previous day(s) naked tpoc's here with the help of 12h OB and weekly level as another layer of S/R
It's really cool to see weekly level, TPO, VP, and liquidity concepts all signaling the same thing when they're all different trading strategies used on their own
$GOOGL
Any dip a bid for me long term
That said I think there are some key levels to reclaim that help shift the market's attitude towards a stock especially if it's an event-driven move
An example was their recent earnings where they went negative free cash flow for the first time as a public company
Reclaiming the 340s would show the market trusts in the company regardless of the spending they're doing
$NBIS
Seems to be a very crowded trade with how violent this swings
Also now has disclosed holdings from Leopold and $NVDA
Thank the Koreans and 4 digit price targets for the dip