Turning narratives into trades since 2018
Prop trader | Alt rotations | Momentum plays
Hunting for asymmetry before the crowd
Early on winners, fast on exits.
Strategy sold 32 BTC the week before this.
With a 1550 BTC buy today, they bought 48x as much BTC as they sold. Average price of ~$65k / BTC.
If they had deployed the same $101m into BTC a week earlier (~$75k / BTC), they would have bought ~1347 BTC.
In other words, selling 32 BTC and the market irrationally panicking about it... allowed Strategy to buy 203 BTC more this week for the same dollars.
$BTC quarterly chart. Mostly we only get 3 of them in a row in bear market before reliefs. Its likely june marks a bottom before we get a leg up for the next quarterly candle. I think we have another leg or 2 down from here but pretty much 89-90% we are down there.
#crypto
If $BTC has to go it should bounce from here otherwise we might possibly see a breakdown of this years range and head to lower 60s from here. if it has to go higher than with rsi diverging on HTF and LTFs we have to see break in MS for confirmations.
#crypto
@QuintenFrancois the 4 year cycle stays intact and the sentiment always is like this during bear markets. This time is where the real traders step up and trade and the other bullposters are now hiding
$BTC Updates:
We broke through 70s very aggressively and now trading near the range lows. This area needs to hold otherwise we are likely to see continuation of bear market trend and trend lower, especially as the HTF looks weak.
$BTC broke the key $74.6k level yesterday overnight monthly now seems bearish. It looks like we are in for further downside The next are is 70s if we don't stop there then we are likely to move towards 65k.
#cryptoupdates#BTC#CryptoAlert
@btc_charlie 2 Lines in the sand there on $BTC, trade and hold above 79.5k and it starts looking bullish. Alternatively below 74s it is more bearish than bullish.
$ETH putting a reversal candle over the weekend. Looks like we run into the 2250 area next imo for retest of prior structure failure.
#Ether#cryptocurrency#altcoin#BTC
$SOL key line in sand here. break and we test the yellow line which has been holding as the range low since early feb. It has been in range 4 months now, we are likely to see a break to the either side at some point, but till then playing range seems a good bet.
#solana#btc
With $BTC and rest of the market coming off, $HYPE is a good one to get long on this PB if you're still bullish Crypto. First area is $50 and if we get a deeper PB then likely bid at $45.
#crypto#BTC#alts