SAME ACCOUNT DIFFERENT LOOK!
Investor & trader | 10+ years in markets | BTC, macro & market structure,Charts, setups & observations
BTC CLASS OF 2015
not FA
$BTC weekly has the look of a double bottom around 60k. Second test held and we got a proper bounce this week. Neckline still overhead though so it's not done yet.
This is usually when the timeline loses the plot. $BTC tagged 75k and bounced. If this low holds, August is just digesting. If it goes, we're looking at the 99.
$BTC weekly has held 60k twice now and this bounce has a bit more intent to it. Possible double bottom developing, but it still has to clear the 99 EMA.
Funny how quickly the August crowd vanishes on one heavy red daily. $XRP is back under the short averages, sitting on the 99 and the old breakout shelf. A close through the 99 reopens the summer range.
After ripping higher in August, $XRP has faded all the way back to the old horizontal it smashed through on the way up. This retest either sticks or the impulse gets completely unwound.
OTHERS.D/BTC.D has been getting lapped by $BTC for years. Still coiled near the monthly lows, bands tight, 99 falling. Relative weakness slowing, not reversing.