$BTC We Continue to Consolidate
Recently, volatility on the asset has noticeably decreased. We're squeezed into a narrow range of $82,900–$84,500, from which, judging by the looks of it, we'll break out to the downside.
Since quite a lot of liquidity has accumulated below, we will most likely go to collect it before the next push to the upside.
However, we are still within the cloud, and buyers have a chance to hold the price here and not drop below, but I would assign a lower probability to that scenario.
#BTC
So far so good for my short....
After tapping the red box, it immediately came down.
2 scenarios from here
Black path: straight down from here to the green box + liquidity and bounce
Blue path: bounce after sweeping the latest low and find liquidity around 85k before going down again.
I'd prefer black, but I think it's gonna take a bit longer with more chop and we'll do the blue path.
opened @xomarket this morning and the first thing i saw was two clocks dying on the same board...
- Gold $4,500 and Bitcoin $90k both resolve today.
- under them a Pulse window is already asking if BTC prints up or down in the next five minutes.
- that pairing is what i keep arguing with myself about.
- most books make you pick a horizon.
- here a same day dated Conviction sits next to a 5 minute order book that settles and restarts.
i keep wanting to treat them like one trade, but they are not... one is a calendar. one is a loop. did you fade the Sep 30 Gold card, or only sit in Pulse on @xomarket?
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$BTC is approaching a rare bullish MA crossover.
The 50 EMA / 100 SMA cross on the 3-day chart has an exceptional track record, and it last fired in March of 2023.
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