So far this kind of flow behind price is often linked to headline or pre-headline positioning & de-risking
pretty obvious when you have a flick through HL pairs
- crypto & xyz
Same algos sold & shorted on both markets
I dumped it all. The Maelstrom directional book, took profits on $ETH, $ENA, $UNI and other shitcoins. I think we gotta go down to go up. It looks a bit dicey out there in macro and geopolitical land. Going to sit on the sidelines and wait for the all clear signal … Brrrrr
Three things I would be concerned about if I was long Copper
1. Parabolic advance has been violated
2. Rising wedge has been completed
3. Near record Commercial short positions
Market must regain uptrend - soon
BREAKTHROUGH U.S.–IRAN DEAL REPORTEDLY EXPECTED THIS WEEK
Sources familiar with mediation efforts told Al-Araby Al-Jadeed that a breakthrough agreement between Washington and Tehran could be announced this week.
Negotiators are reportedly working to narrow differences and secure mutual concessions to prevent renewed military escalation.
No agreement has been officially confirmed.